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Online Direct Lending - a 32-page market overview

Fintech analyst, Cormac Leech's, presentation at LendIt Europe has been made public on Liberum's website. The presentation provided a...

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RAZORPAY RAISES $9M TO REVAMP PAYMENTS IN INDIA

YC graduate, Razorpay, has raised $9m in Series A funding, led by Tiger Global and joined by Matrix Partners. The India based company...

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Robo numbers don't add up

Startups typically describe their growth with exponential, not arithmetic, rates. Last year Wealthfront and Betterment's AUM grew by over...

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PayPal reveals how it will finally cash in on Venmo

Paypal announced during its earnings call, that it would begin to monetize Venmo through a new feature named “Pay with Venmo.” Venmo,...

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Mobeam Secures $6.2 Million in Series B Funding

Palo Alto based barcode payment POS provider Mobeam has raised $6.2m of Series B funding, led by yet2Ventures. Mobeam touts an impressive...

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Swiss Mobile-First Insurance Broker Knip Gets $15.7M Series B

Zurich based digital insurance manager Knip has raised $15.7m of Series B funding, led by Route 66 Ventures. The company's goal is to...

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MasterCard, Bain Capital Ventures, New York Life Invest In Bitcoin Company Digital Currency Group

New York based bitcoin incubator and venture investor Digital Currency Group has raised an undisclosed amount of capital from investors...

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PayPal Misses Earnings, But CEO Defends Strategy

Are we witnessing an unexpected role reversal? Since the split, EBay has topped earnings estimates and raised its outlook while PayPal...

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The Bitcoin Startup Boom Comes Back Down to Earth

After an aggressive start to 2015, venture capital flowing into bitcoin startups has slowed substantially. The $85 million in bitcoin...

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Thiel, Soros Said to Lead $25 Million Investment in TruMid

TruMid, the New York-based company is building an electronic trading marketplace for corporate bonds designed to increase liquidity in...

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Are clients spooked by their financial advisors?

It isn't new news that investors do not want to deal with financial advisors, which is one of the reasons for the growing number of...

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Jefferson National Partners with Quovo to Provide RIAs and Fee-Based Advisors with High Quality Data

FinTech Collective's portfolio company, Quovo, recently signed a partnership with Jefferson National, a tax-advantaged investing platform...

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BlackRock and Google in talks over joint venture

The FT explores how BlackRock are trying to tap into Google (Deep Mind) and combine the best techniques from machine learning and systems...

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A robo-adviser may be in the works for Morgan Stanley

Morgan Stanley's Wealth Management President Gregory Fleming hinted recently that the firm was building it's own digital offering. Their...

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J.P. Morgan, Motif to Give the Little Guy a Taste of the IPO

As the WSJ points out, this partnership that allows individuals to invest as little as $250 in initial public offerings, is a step toward...

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How Lending Club Checks Your Credit

Speaking in midtown NYC, Lending Club CEO Renaud Laplanche revealed some of the alternative data sets that the online lender uses to...

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Collective Health closes on $81m Series C

California based enterprise health services platform has raised $81m of Series C financing, led by Google Ventures. The company is...

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NerdWallet raises $5m additional Series A

San Francisco based financial education and empowerment platform has raised an additional $5m of Series A financing from former Citigroup...

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NASDAQ Acquires SecondMarket To Help Startups Sell Shares

Making private markets look more like public markets. NASDAQ has agreed to buy SecondMarket and combine forces with the NASDAQ Private...

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Skills Fund raises $11.5m for bootcamp lending

Austin based coding bootcamp online lender Skills Fund has raised $11.5m of Series Seed financing, led by Iowa Student Loan. The startup...

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Insureon raises $31m of venture funding

Chicago based online small business insurance provider has raised $31m of private equity financing, led by Ok HC/FT. The company is the...

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American Express Profit Drops as Firm Ramps Up Spending

The silver lining to American Express' poor third quarter earnings is that the company was ramping spend on marketing and technology,...

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Behind Morgan Stanley's Dissapointing 3rd Quarter

The New York Times dissects Morgan Stanley's disappointing third quarter earnings. Revenues for the company's fixed-income trading desk...

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Real-estate tech’s two-edged boom

Richard Sarkis, CEO of FinTech Collective's portfolio company, Reonomy, participated on a panel of NYC based entrepreneurs disrupting the...

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The latest bank earnings show that Dodd-Frank is working

Banks dreaded the Dodd-Frank act, and rightly so, imposing strict regulations to basically make these financial institutions shrink on...

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Get rich quick with UK challenger banks

Bulge bracket banks in the UK like Barclays and HSBC are still generating single digit ROE, whilst more entrepreneiurial Challenger Banks...

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AngelList gets institutionalized

AngelList has secured a commitment of $400m from CSC Group (Chinese PE Fund) for a new fund. The fund, named Upshot, will back existing...

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Symphony Secures $100M From Google And Other Investors

Symphony, the Palo Alto based secure messaging platform, raised a $100m Venture round from a list of investors that includes Google,...

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The pope, Justin Bieber, and other ridiculous excuses companies have made for poor earnings

Companies are becoming very creative with their explanations for poor performance. Some highlights from this quarter included NSA, ISIS,...

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Stockpile rakes in $15m

Stockpile, the California-basedprovider of gift cards for company stock, has raised $15m in Series A funding. The round was led by...

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Worldpay IPO: Putting a Value on Fintech’s Future

On Tuesday, Worldpay, the payments processor priced its IPO at £2.40/share ($3.69), giving it a market value of £4.8b and making it the...

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Moven scores $12 million funding round

Moven, the New York based checking account disrupter, raised $12m in a Series B round led by Route 66 Ventures. In total the company has...

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How companies are making employees save for retirement

Companies want their employees to save more for retirement via 401(k) plans. To do this some companies are increasing the amount of an...

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First Data Opens Only 2.4% Up and Closes Below IPO Price

First Data hit the public markets on Thursday. The results weren't great, the payments processor priced at $16/share well below the...

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Think you're insured? If you don't have business interruption insurance, think again

As insurance is becoming more disrupted by innovation and new technologies, it's important to prepare the new wave of insured individuals...

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0 1 0

Dutch pension funds turn mortgage lenders

The global hunt for yield has tempted Dutch pension funds to work with private mortgage origination funds "regiepartijen" to originate...

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Square, the mobile payments company, disclosed I.P.O. plans

Jack Dorsey is about to get even busier. The mobile payments company noted in its prospectus that his dual roles "may at times adversely...

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Bank of America profit rises despite revenue drought

Despite a slip in revenues BofA managed to post a rise in profits this week and is seeking to offset results from poorer performing...

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JPMorgan: do I look big in this?

JPMorgan revealed this week that it had reduced its size and complexity enough to be awarded a lower capital surcharge by regulators....

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Shock after HSBC orders staff to take 10% pay cut

In a new twist to cutting costs before year end, HSBC’s investment banking division in London have cut 100's of workers pay by 10 per...

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Selfies transforming mobile banking

Mastercard has already joined the wave of companies that utilize mobile features, such as the front "selfie camera", for identification...

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InvestCloud secures $45m growth equity investment

California based InvestCloud, a cloud-based solution for global investment advisors, raised $45m in growth equity funding led by FTV...

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The State of Apple Pay on its 1st Birthday

It's not all rosy at Apple Pay on its first birthday. Consumer usage is faltering due to limited awareness of the benefits and only 2...

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A student loan system stacked against the borrower

According to a recent report by the Consumer Financial Protection Bureau, student borrowers are heavily burdened with dubious practices...

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Apple Pay Will Soon Work at Starbucks, KFC and Chili’s

In 2016 US consumers will be able to tap and pay with their iPhone or Apple Watch at Starbucks, KFC and Chili's. In announcing the...

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Know your customer...before they buy

This is an interesting read on how data architecture can take banking to the next level - from Know Your Customer (KYC) to Know Your...

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Goldman Sachs earnings are moving to Twitter

Goldman Sachs has decided to try and remove the middleman when distributing its' financial data. This isn't such a surprise after recent...

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5 legal threats for fintech’s hottest US start-ups

As we’ve seen in other industries transportation (Uber) and hospitality (Airbnb), it’s a short step from envying start-ups to applying...

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Vanguard calculates the value of financial advice

Financial advisers not only act as an emotional circuit breaker, but also help clients plan effectively. Vanguard have now estimated that...

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Singapore's MoneySmart Raises $2m Series A

Singapore based personal finance tool MoneySmart has raised a $2m Series A, led by SPH Media Fund. The company offers simplified...

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Bloomberg Terminal History Lesson

Great history lesson on how Michael Bloomberg In 1981, at the age of 39, took a $10m severance from Salomon Brothers and started...

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Why Israel is leading fintech innovation

Watch out UK, Israel is looking to become the next fintech capital. Last year, Israeli investment in fintech represented 12% of total...

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Apple Pay struggles one year on from launch

A year after launching and Apple Pay accounts for only 1% of all retail transactions. A bunch of merchants we have tried in the US either...

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Winklevoss Twins Win Approval to Open Bitcoin Exchange

After a long buildup, Cameron and Tyler Winkelvoss have won the approval from the New York State Department of Financial Services to open...

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Bitcoin services company Coinplug raises $5m Series B

South Korea based bitcoin services company Coinplug has raised a $5m Series B, led by SBI Investment. Coinplug has a number of existing...

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Inside Uber's Engineering Struggles

Uber's business critical systems went down on may 13th. CTO, Thuan Phan, tries to professionalize his rapidly growing team.

Internal emails and interviews with people who’ve worked on that system show that as CEO Travis Kalanick and operations executives...…

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How Some Investors Get Special Access to Companies

Last year, publicly traded US companies held an average of 99 one-on-one meetings with investors. These closed-door meetings are intended...

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Twitter has created an entirely new Wall Street ecosystem — here are the companies leading the way

Business Insider provides a great summary of the startups that are analyzing social data such as twitter to provide traders with an edge.

Traders are turning to Twitter to get in front of big market-moving trends. That in turn is creating an eco-system of companies...…

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Sallie Krawcheck’s robo-venture, Ellevest, is aimed at women, but backed by a dream team of men

The former Citigroup and Bank of America executive has raised a $10m Series A to develop a robo advisor for women. The Series A was led...

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Utility model for post-trade and related processes, could save banks up to $4 billion per year

A recent Broadridge report highlights that the financial services industry spends between $17b and $24b per year on core post-trade...

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The other billion dollar startup club

Unicorns and Dragons, but what about Honey Badgers? There has been 26 startups (SoFi being the latest one) that have raised more than...

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Is Your Financial Adviser Making Money Off Bad Investments?

A new “conflict of interest” rule is being debated in DC. The rule is designed to ensure that when it comes to saving for retirement,...

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Chinese Auto Giant Wanxiang plans $50m blockchain fund

The strength of the blockchain technology continuously spreads out beyond financial services. Some evidence of this is in the move...
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MMKT Launches Platform to Transform the Middle Market Loan Syndication Process

The company closed a $5.9m venture round. The round was led by QED, with participation from Victory Park, Fifth Street Asset Management,...

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MasterCard uses an elevator pitch to help end poverty

In last week's newsletter, the central theme was the larger socio-economic role of financial services technology in the fight to end...

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SoftBank leads a whopping $1bn funding round into SoFi

In what's being called the "largest single financing round in fintech," San Francisco based online student lender has raised $1bn led by...

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P2P lenders have now caught the Fed's attention

"This type of business is not that large, but it has the potential to be disruptive and could be very large going forward." These are...

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Using Blockchain To Fight Crime And Save Lives

A lot has been written about blockchain's ability to change the infrastructure of financial institutions and the manner in which money...

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Avant lands $325m of financing at a $2bn valuation

Chicago based online lender Avant has raised $325m of private financing, led by General Atlantic Partners. Valuation on the deal is $2bn,...

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New Zealand P2P lender Harmoney raises $200 million

It is still early days for P2P lending in Australia, but startups are eager to take a share of the $55bn personal loan market that has...

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Kenya launches bond sale via mobile phone

We really can learn a lot from emerging markets. Kenya launched the world’s first Treasury bond offered exclusively via a mobile phone in...

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Right on Target: Foursquare Accurately Predicts iPhone Sales

You can get a squeak out of Apple so it was pretty interesting to see Foursquare claiming that it could mine its trove of foot traffic...

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