Banks Have the Capital to Buy Fintech Startups — Will They?

Bank Innovation

Banks are entering what could well be a Golden Age — deregulation, rising interest rates, and a bevy of fintech startups eager to hop into bed with them. Will they take advantage of this fintech opportunity? “Banks now have the capital to put to work and invest in growth after a long period of cost-cutting,” […].

Walmart Eyes FinTech Expansion With Ribbit Capital Partnership

PYMNTS

For Walmart, FinTechs are in sight — but where to from here? As reported , Walmart is working with Ribbit Capital to create an as-yet unnamed FinTech that would, the companies said on Monday (Jan. Retail FinTech News Ribbit Capital walmart

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Lull Hits B2B FinTech Venture Capital Funding

PYMNTS

A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. It’s an effort among officials to expand options for young businesses and broaden access to funding beyond venture capital or traditional small- to medium-sized business (SMB) loans.

Luge Capital’s Gillani: Canada is becoming a test market for fintech founders

Bank Innovation

Luge Capital, a fintech venture capital firm based in Toronto and Montreal, serves a growing ecosystem of startups north of the border. This week, it closed a C$85 milion ($65 million) fund for fintech and AI solutions. “If you’re an early-stage fintech company, the number of investors you have to pick from is very, very […].

Bill Me Later Co-Founders Launch Deep Lake Capital SPAC For FinTech Deals

PYMNTS

That new venture is called Deep Lake Capital , a special purpose acquisition company (SPAC) that will center on building its new company by targeting FinTechs in the $75 million to $150 million range. The Allure Of FinTechs. So, capital has now innovated.”.

Top 5 Fintech Raises: FTV Capital, Avalara, OurCrowd, Certona, Zero

Bank Innovation

While it seems as though the unicorn birth rate is declining, investors are still finding fintech enterprises to sink their teeth (and by “teeth” I mean wallets) into, like the five companies below. Our top five fintech raises this week include SaaS companies; e-commerce; crowdfunding for, er, startups; and insurance Read More.

FinTechs Tout Corporate Cards’ Working Capital Opportunity

PYMNTS

With corporate card products offering an opportunity for businesses to manage their working capital, service providers have explored new opportunities to promote adoption of the payment tool.

China's FinTechs Will Be Subject To New Capital Requirements

PYMNTS

On Tuesday (March 3), a top official said that FinTechs will be required to meet new capital requirements by the middle of next year, Reuters reported. “As Starting a business needs capital, so does starting a financial business,” he added at a news conference.

Quona Capital Raises $203M For FinTech-Boosting Fund

PYMNTS

Quona Capital, a venture capital firm based in Washington and Bengaluru, has closed its second fund with $203 million in commitments, according to a report by Deal Street Asia. With the fund’s latest close, Quona Capital ’s assets under management (AUM) are at $363 million.

Fintechs continue venture capital funding streak in Q1

BankInovation

Venture capital funding for fintech companies is on track for its best quarter since 2018, following a year that brought digital functionality in financial institutions to the forefront. Quarterly fintech funding by the end of February exceeded $13.4

What went wrong at Greensill Capital?

Daily Fintech

Greensill Capital (a UK based supply chain finance company founded in 2011) filed for insolvency protection on March 8, 2021, having raised over $2 billion in capital. The post What went wrong at Greensill Capital? appeared first on Daily Fintech.

Top 4 Fintech Funding Rounds: Hopper, Memebox, Personal Capital, NoBroker

Bank Innovation

With the holiday season in full swing it seems fintech investors are spreading the cheer. From fare-predicting apps to e-commerce to real estate, fintech had a good week. Below are our top fintech funding rounds of the week: Hopper Montréal-based airfare predicting app Hopper just raised $62.2 E-Commerce Mobile Online Retail Startups Technology Wealth Management data anlaytics e-commerce Hopper Memebox NoBroker Personal Capital

Community Banks Embrace FinTech Pairings

PYMNTS

From helping banks service legal marijuana firms to connecting financial institutions (FIs) to tech that streamlines business account opening, the latest bank-FinTech pairings target a range of use cases for corporate financial services. CheckAlt Eases mRDC Access To Banks' FinTech Clients.

New Unicorn Revolut Will Use Capital For International Expansion

Bank Innovation

Capital Exclusive Mobile Online Payments Startups capital challenger banks funding London fintech Mobile banking online banking revolut Unicornsbased digital bank Revolut has raised $250 million in a Series C, boosting the company’s valuation to unicorn status. The company, which is now worth $1.7 billion, will use the new funding to expand to further markets, including the United States, Australia, and Hong Kong.

Weekly Wrap: Luge Capital courts early-stage fintechs, as payment providers rustle with UX and data privacy

Bank Innovation

In this episode, Suman Bhattacharyya, deputy editor, and Angely Mercado, associate editor, discuss the following news developments: Canadian venture firm Luge Capital’s approach to fintech investments; How banks are navigating Zelle’s UX as transaction volume grows; and […]. Capital & Funding Innovation Strategy Payments Premium Product Design Retail Banking Security & Risk Startups Video Luge Capital Mastercard Zelle

UX 161

Capital One Hopes to Score Big with Walmart Partnership

Bank Innovation

First PayPal and now Capital One have noted the significance of their partnerships with the retailer in recent earnings calls. Just yesterday, in Capital One’s 3Q18 earnings call, Richard Fairbank, CEO and chairman, mentioned that Capital One will be the exclusive issuer of Walmart […]. Capital Cards Exclusive Mobile Online Open Fintech Payments Premium Retail Capital One PayPal walmart

Transparency Missing From the Suppliers of Capital to Fintechs

Bank Innovation

For those that didn’t hear about it, it was a mix of the typical pitching from Fintechs (5 homegrown Swiss companies – Biowatch, NetGuardians, Fractal-Labs, CarbonDelta, VirtualBroker) and an unusual pitching from… Read more Transparency missing from the suppliers of Capital to Fintechs. The #ReversePitch event organized by SwissFintech at Technopark, was a wonderful fusion across the ecosystem and it captured much of the emerging interactivity.

Where Goldman, Citi, JPMorgan are putting fintech investment dollars

Payments Source

banks are directing their venture capital dollars to fintechs in capital markets, wealth management and "future-proofing." ]]. Fintech Venture capital Digital transformation - the improvement of the legacy tech stackLarge U.S.

Worldpay taps UK fintech Liberis to offer working capital to US businesses

Bank Innovation

Through the WorldPay Working Capital Solution, Liberis and Worldpay are able to reach small businesses that may find it difficult to get credit from […].

How Lithuania is becoming Europe's new fintech capital

Payments Source

The Bank of Lithuania is positioning the country’s capital Vilnius as a hub for payments-related fintechs wanting to enter the European market — a move that's timed to take advantage of the uncertainty Brexit has cast over London's claim to the title. Compliance Fintech Fintech regulations Lithuania European Union U.K.

India SME Lender Capital Float Tops Up Funding

PYMNTS

After having notched more than $110 million in equity funding in the past, India’s Capital Float has received a top-off of $4.8 Sashank Rishyasringa and Gaurav Hinduja rolled out Capital Float in 2013. Capital Float has provided more than 500,000 clients with $1.2

Small Business Fintech is levelling the playing field with big business over cost of capital

Daily Fintech

This post is by Bernard Lunn , CEO of Daily Fintech and author of The Blockchain Economy. By 2020, Small Business Fintech has become mainstream and is scaling fast. Efficient loan processing through analytics, AI etc is key to Small Business Fintech. Fintech General

Will COVID-19 burst fintech’s funding bubble? 

Bank Innovation

Fintechs will likely have a tough time securing funding as the coronavirus pandemic continues to shake up the U.S. Carousel Innovation Strategy Investing Premium 11:FS CB Insights fintech funding Investment venture capital funding

Tokenized Venture Capital

Daily Fintech

Tokenization has the power to impact the entire VC industry, from the way venture capital is raised, to the way it is invested in startups and projects. The post Tokenized Venture Capital appeared first on Daily Fintech. In an interview by David Sacks, the former PayPal COO, said: “I think Limited Partner interests are likely to be tokenized, along with most other illiquid assets. Eventually, […]. Bitcoin, Blockchain, Cryptocurrencies

4 Startups to Watch: Templum, AppZen, NKM Capital, and More

Bank Innovation

EXCLUSIVE- With mobile banking, artificial intelligence, cryptocurrency, and other modern banking tools on the rise, the emergence of new players in the fintech space is a daily occurrence With that in mind, here are five startups to keep an eye on this week: Templum ICOs, or Initial Coin Offerings, are growing more and more popular […].

Serent Capital Starts New Fund; Bullish On B2B Payments Category

PYMNTS

Like many venture capital companies in the payments space, Serent Capital has had a busy year. 15 with the announcement of the launch of its fourth fund, Serent Capital IV — at $750 million. B2B Payments B2B Investments News Procurement Partners Serent Capital Serent Capital IV

Capital One Acquires FinTech Robo-Adviser United Income

PYMNTS

The retirement-focused United Income will now give automated advice as part of Capital One, which is looking to expand its robo-adviser offerings. . Capital One purchased the company for an undisclosed amount after taking a 10 percent stake last year, American Banker reported on Friday (Aug. After much consideration, Capital One emerged as far and away the best option,” United Income CEO Matt Fellowes said in an emailed message to clients, according to the report. “I

FinTech Capital Launches With $100M To Fund Startups

PYMNTS

New York-based FinTech startup Capital , an alternative financing company for startups, launched on Wednesday (Oct. 30) with a $100 million fund to invest in middle-stage companies, Capital announced in a press release. The Capital Machine — its automated investing solution — underwrites companies’ financial data automatically for funding up to $50 million in less than 24 hours, Co-Founder and CEO Blair Silverberg said.

Centana Growth Partners closes $375m fintech fund

Bank Innovation

based growth equity firm, closed its second fintech valued at $375 million this week. Capital & Funding Carousel Daily Post 1 Innovation Strategy Payments Retail Banking Startups Wealth Management Centana Growth Partners fintech funding

Top 5 Fintech Capital Raises: The Fintech Punks

Bank Innovation

Last week we looked at a group of fintech companies spanning the world with a suite of Series B rounds. Feeling out of place? The five startups below may have the frontier know-how you need. This week the common denominator lies in the oddball assistance needed by entrepreneurs, businesses, and investors Read More.

Mastercard-backed fintech Airwallex raises $160 million in new capital

Payments Source

Fintech Cross border payments Venture funding MastercardAirwallex has raised $160 million in a Series D fundraising round to expand global payment offerings for small businesses and enterprises.

Billing startup Chargebee becomes a unicorn with Tiger funding

Payments Source

Fintech Venture capital

Will Offshore on Thames (London) become the Fintech capital of the world?

Daily Fintech

The post Will Offshore on Thames (London) become the Fintech capital of the world? appeared first on Daily Fintech. Fintech GeneralI am a Brit, but I have lived all over the world and now call Switzerland home.

What does the #coronavirus crisis mean for #FinTech?

Chris Skinner

Someone asked me what the coronavirus pandemic means for the future of FinTech. Fintech Future Grid

Drip Capital Lands $40 Million Line Of Credit From East West Bank

PYMNTS

Silicon Valley’s Drip Capital has inked a deal with East West Bank that will provide the financial technology company with a $40 million line of credit. Pfeilsticker said the bank is “pleased to provide financial support” to help Drip Capital achieve its growth plan.