1 1 0

Intesa Sanpaolo uses Bolero's trade digitization software to open up new frontier in Italian trade finance

Italian banking group Intesa Sanpaolo has utilised tech company Bolero’s trade digitization software for a fully paperless import...

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unknownx500 indi.ca

1 0 0

Technology improving global trade efficiency

International trade suffers from inefficient supply-chain logistics and financing options.  This article reviews various ways in which...

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unknownx500

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Uphold acquires bitcoin startup Bitnet

Uphold, a cloud-based financial services platform, that leverages the operating efficiencies of blockchain technology, has announced the...

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unknownx500 Sean MacEntee

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Alibaba’s Jack Ma Urges China to Use Data to Combat Crime

In a televised speech to about 1.5m security officials across China, Jack Ma proposed that the nation’s top security bureau collect and...

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unknownx500

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Morgan Stanley’s Fiduciary Move

In  direct contrast to rival Merrill Lynch, Morgan Stanley, will allow its 16,000 brokers to continue offering individual retirement...

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unknownx500

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We Put Financial Advisers to the Test–and They Failed

The WSJ, Sendhil Mullainathan from Harvard and Markus Noeth from Hamburg University sent “mystery shoppers” to financial advisers to...

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0 0 0

Payments start-up nanoPay gets $10m funding boost

Participants in the financing round included the merchant banking division of Goldman Sachs, APAGM Services LLC (Andrew Prozes), Jarnac...

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unknownx500 alexindigo

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Banks bet on the next big thing: Financial chatbots

At Money2020, Bank of America, MasterCard and several fintech startups announced new tools known as chatbots.  Josh Reich, the co-founder...

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unknownx500

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To Succeed With Passive Investing, Get a Little Active

You can't just rely on the robot! Injecting a dollop of oversight into passive investments can help to achieve your goals. “it’s like...

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unknownx500

0 0 0

Verse secures $8.3m Series A

San Francisco and Barcelona based p2p payments startup Verse has raised $8.3m in Series A funding led by Greycroft. Verse is aiming to...

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unknownx500

0 0 0

Coins.ph closes $5m Series A

Phillipines based bitcoin startup Coins.ph has secured $5m in Series A funding led by Accion Frontier Inclusion Fund. Notably, the...

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unknownx500

0 0 0

KredX secures Rs 40 Cr Series A

Bengaluru based invoice discounting marketplace KredX has raised Rs 40 Cr in Series A funding led by Sequoia Capital. KredX has built a...

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unknownx500

0 0 0

Aevi raises €10m in venture funding

Germany based b2b apps and services marketplace, as well as  provider of global payments transactions, Aevi has raised €10m in venture...

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unknownx500

0 0 0

Lending Club turns to auto refinancing

Lending Club has announced that it plans to enter the auto refinancing field as it attempts to regroup following the forced resignation...

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unknownx500

0 0 1

Smart Data Is a Bigger Priority Than Big Data for FinTech Companies

Data that has valid, well defined, meaningful information is positioned to play a huge role in the future of the fintech industry. 

Four main components define the usefulness of aggregated data: data volume, which refers to the generation process; data velocity, which...…

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unknownx500

0 0 0

Neos Secures £1m in Seed Funding

London based InsurTech startup Neos has raised £1m in Series Seed funding led by Eos Venture Partners. Designed to prevent the damage...

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unknownx500

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Ibanfirst raises $11m in venture funding

France based banking startup Ibanfirst has raised $11m in venture funding led by investor Xavier Niel. Ibanfirst provides better exchange...

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unknownx500

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Hanwha Life Insurance purchases stake in Lending Club

Korea based life insurance company Hanwha Life Insurance has purchased a 4.1% equity stake in San Francisco peer-to-peer lending group...

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unknownx500

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TravelBank secures $10m Series A

San Francisco based expense management platform TravelBank has raised $10m in Series A funding led by NEA. TravelBank can predict what...

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unknownx500

0 0 0

Nvoicepay raises $10m Series F

Portland, OR based payment automation provider Nvoicepay has secured $10m in Series F funding led by Napier Park Global Capital. The...

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unknownx500 Ian Sane

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SoftBank and Saudi Arabia Partner to Form Giant Investment Fund

The fund, which is expected to be up to $100b, is an ambitious project by Softbank's founder to expand the company's effort worldwide.  

The company has had success in investing in companies rather than buying them outright. Its signature investment was its early backing of...…

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unknownx500

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Advisors who outsource investment management make more money

Outsourcing investment management can help boost revenues, according to a survey of 8,000 advisors.  

The effects of each business model boil down to where advisers dedicate their resources and time, according to the study. Firms that...…

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unknownx500 kenteegardin

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Ladder secures $14m Series A funding

Palo Alto based life insurance tech company Ladder has raised $14m in Series A funding led by Canaan Partners. Founded in 2015 by Jamie...

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unknownx500 Don McCullough

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Finrise raises $5.4m in funding

California-based healthcare lender Finrise has raised $5.4m in debt and seed equity funding from investors Mayfield, NFX Guild, WTI and...

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unknownx500

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Next Billion-Dollar Startups 2016

Forbes reviews startups on the cusp of unicorn status, including fintechs GoFundMe, Yapstone, BitSight, and Collective Health.

Startups are the spark that lights the engine of the U.S. economy. The most successful of them, companies like Airbnb, Uber, and...…

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unknownx500

0 0 0

WealthNavi Secures $15m Series B

Tokyo based investment robo-advisory service WealthNavi has closed a $15m Series B funding round with participation from SBI, Mizuho...

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unknownx500

0 0 0

Ummeed Housing Finance raises $3.5m Series A

Delhi based affordable housing finance company Ummeed Housing Finance has secured $3.5m in Series A funding led by Lok Capital and Duane...

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unknownx500

0 0 0

Bezahlt raises €3.5m in venture funding

Berlin based invoice financing company Bezahlt has secured €3.5m in venture funding from Fly Ventures, German Startups Group, La Famiglia...

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unknownx500

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Vestwell founder Aaron Schumm interviewed by AlleyWatch

Aaron Schumm, founder of new portfolio company Vestwell, was interviewed by NYC tech publication AlleyWatch. Vestwell is a platform that...

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unknownx500

0 0 0

Wall Street’s “Do-Nothing” Investing Revolution

A new article from The Wall Street Journal indicates that the public's trust in traditional stock pickers has diminished over time. The...

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unknownx500

0 0 0

GoFundMe surpasses $3 billion in donations

San Diego based crowdfunding pioneer GoFundMe has surpassed $3 billion in total donations through their platform. Launched in 2010,...

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unknownx500

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Zenefits' new CEO announces new platform features

David Sacks, newly appointed CEO of San Francisco based corporate benefits company Zenefits, has announced the company's "second...

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unknownx500

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SEC Imposes $50K Penalty on Forcerank

An investigation by the SEC found that Forcerank, where investors predict how 10 securities perform relative to each other, failed to...

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unknownx500

0 0 0

Is it safe to get excited about investing again?

Stash, which celebrates its first birthday this week and has over 200k users, targets young Uber drivers and soldiers with no account...

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unknownx500

0 0 0

Financial Advisers Leverage Social Media for New Business

Putnam Investments survey finds 85% of advisers are using social media day-to-day (up from 75% in 2014) but there are still holdouts,...

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unknownx500

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London fintech under pressure with a decline in venture capital funding following Brexit vote

London risks losing its crown as the world’s top “fintech” city as new numbers show funding to the sector dropping sharply post Brexit. 

“I would say there’s no need to panic right now,” said Mr Mead. “I’ve not heard any fintechs saying they don’t like London any more. ...…

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unknownx500 szeke

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This company wants to make renting in New York much easier

TheGuarantors is a platform that connects renters unable to secure a lease independently with an insurance-backed guarantor through the...

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unknownx500

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Fintech Investment Slides as Insurance Tech Gains

While investment into lending startups has receded in recent months, insuretech startups are gaining steam in their capital raising efforts.

About $945.6 million flowed into fintech in the third quarter of 2016, according to Dow Jones VentureSource, a 57% drop from the same...…

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unknownx500

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Techcrunch 6 Part Mini-Series on Bitcoin and Blockchain

Techcrunch have a new mini-series launching called Trust Disrupted: Bitcoin and the Blockchain. The six-episode series, produced by...

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unknownx500

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Returnly closes $3.2m seed round

California based online returns platform Returnly has secured a $3.2m seed funding round led by Index Ventures. Returnly lets merchants...

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unknownx500

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Kontist secures €2m seed round

Berlin based banking app developer Kontist has raised €2m in seed funding led by Founders and Vækstfonden. The company intends to use the...

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unknownx500

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SalaryFits raises €1.25m venture funding

Brazil based sustainable credit startup SalaryFits has raised €1.25m in venture funding from Portugal2020. SalaryFits is a platform which...

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unknownx500 priscillajp

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Payfit secures $5.6m Series A

France based payroll technology company Payfit has raised $5.6m in Series A funding led by Otium Capital. Employees can log into Payfit...

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unknownx500

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FundThrough raises $24.3m in second round funding

Toronto bases invoice funding platform FundThrough has raised $24.3m in a second round of funding. As part of the transaction,...

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unknownx500

0 0 0

The future for banking profits is looking pessimistic

Following the financial crisis of the 2000's, many now view big banks as trustworthy, foolproof institutions. However, that may not be...

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unknownx500

0 0 0

ComplyAdvantage secures $8.2m Series A

London based compliance startup ComplyAdvantage has raised $8.2m in Series A funding led by Balderton Capital. Comply advantage uses...

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unknownx500

0 0 0

Goldman Sachs introduces new online lending platform

This week Goldman Sachs announced the opening of its new online lending platform, Marcus. Using Marcus, borrowers will be able to apply...

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unknownx500 barsen

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Affirm raises $100m credit line from Morgan Stanley

San Francisco based online lender Affirm has secured a $100m credit line from Morgan Stanley. The firm will use the funds to support its...

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unknownx500

0 0 0

Commercial Lines Tech Startup Embroker Now Open for Business

Portfolio company Embroker, the commercial lines platform that empowers businesses of all sizes to manage, buy, analyze, compare and...

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unknownx500

0 0 0

CFPB unconstitutional?

The U.S. Court of Appeals for the District of Columbia Circuit has ruled that the organization structure of the Consumer Financial...

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unknownx500 Mike Licht, NotionsCapital.com

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Zenefits, a rocket that fell to earth, tries to launch again

“Ready, Fire, Aim” has become “Operate With Integrity” at Zenefits. The NYT chronicles David Sacks' rebuilding efforts as the company...

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unknownx500

0 0 0

Snapchat is said to pick bankers for an IPO

Snap is preparing to step out into the public markets and has hired MS and GS for a potential equity offering as soon as the first...

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unknownx500

0 0 0

Central Banks Consider Bitcoin’s Technology

Forward thinking central banks, including Bank of England and the People's Bank of China, have discussed issuing their national...

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unknownx500

0 0 0

Factom raises $4.2m Series A

Austin based blockchain system Factom has raised $4.2m in Series A funding led by Tim Draper. Factom is a non-currency project that uses...

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unknownx500

0 0 0

Eastern Union and Reonomy announce app partnership.

New York based mortgage brokerage firm Eastern Union and portfolio company Reonomy have announced a partnership in the form of a new real...

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unknownx500

0 0 0

Fiduciary rule set to reduce Wall Street commissions

The Labor Department's fiduciary rule, set to take effect in April, may have negative consequences for Wall Street broker commissions....

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unknownx500

0 0 0

Embroker announces public launch

San Francisco based insurance broker and portfolio company Embroker has officially announced its public launch. Embroker is an insurance...

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unknownx500

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FlyPay pivots and raises £3.5M Series A from Just Eat.

Just Eat, the online takeout ordering behemoth, has invested in U.K. startup Flypay, which has built a platform to help restaurant and...

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unknownx500

0 0 0

Bison Announces Series A Investment Round and Launch of New Software Platform, Cobalt

Hamilton Lane, a leading private markets asset management firm, announced an investment in and strategic partnership with Bison. Bison is...

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unknownx500 Watson Lake

0 0 0

Snooping in the Bathroom to Assess Credit Risk in China

In China The World Bank estimates that 79% of the population above the age of 15 have bank accounts, but only 10% have ever borrowed from...

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unknownx500

0 0 0

Bed Bath & Beyond Paid Just $12 Million for One Kings Lane

Regulatory filings released this week, highlighted that the high end fashion and decor flash sales site was acquired in its own flash...

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unknownx500

0 0 0

Alibaba Affiliate Ant Financial Appoints New CEO

The former COO Eric Jing will replace Lucy Peng (both 43yrs old), as CEO of Ant Financial Services, the financial affiliate of Alibaba as...

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unknownx500

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Two years after the $199 million FolioDynamix sale, Aaron Schumm jumps back in the B2B RIA game

RIABiz, a leading industry publication for registered financial advisors, features portfolio company Vestwell and opines on its place in...

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unknownx500 Tax Credits

0 0 0

Abu Dhabi and Dubai put fintech first

The FT profiles the efforts and initiatives the UAE is doing to support and develop its small but active fintech ecosystem.

In early September, international financial centre Abu Dhabi Global Market began a second consultation on plans for the sandbox, the...…

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unknownx500 andryn2006

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Can Giving Prisoners Android Tablets Save Taxpayers Money?

$74 billion in U.S. taxpayer money is spent annually to offset correction costs for America’s 2.2 million prisoners (who represent 22% of...

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unknownx500

0 0 0

Capital One acquires online price tracker Paribus

Paribus helps online shoppers get automatic refunds when prices drop on items they purchased.  The company was launched in 2015.

Launched in the Startup Battlefield at TechCrunch Disrupt NY 2015, Paribus’ idea was to automate the process of following up on past...…

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unknownx500

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Digital lending platform FlexiLoans secures $15 million

The company's first venture financing was led by a cohort of Indian angel investors.

As a part of this deal, EpiMoney, a non-banking finance company which was founded by Nayar, Sud and Sheshadri, will be acquiring stake in...…

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unknownx500

0 0 0

CCRIF to pay Haiti $20m for Matthew Damages

The payment is an early example of the potential for parametric insurance to help people receive aid faster after natural disasters.

CCRIF’s parametric insurance products are insurance contracts that make payments based on the intensity of an event (for example,...…

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unknownx500 Royalty-free image collection

0 0 0

Money Forward completes $11m Series D funding

Tokyo based billing and accounting software platform Money Forward has completed a $11m Series D financing round led by Isetan Mitsukoshi...

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unknownx500

0 0 0

Payoneer raises $180m Series E

New York based digital payments company Payoneer has completed a $180m Series E financing round led by TCV. Payoneer empowers global...

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unknownx500 dkolitha

0 0 0

Dealpath secures $8m Series A

San Francisco based commercial real estate deal management and collaboration software platform Dealpath has raised an $8m Series A round...

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unknownx500 shotbynicci

0 0 0

Financeit raises $17m in venture funding

Toronto based point-of-sale financing provider Financeit has secured $17m in venture funding led by backers DNS Capital and The Pritzker...

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unknownx500 paul bica

0 0 0

Hurricane Matthew to Test Catastrophe-Bond Market

Over half of the outstanding $22 billion in catastrophe bonds held by pension plans and other big investors have some exposure to Florida...

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unknownx500

0 0 1

Assessing Hurricane Matthew's Collateral Market Damage

Florida-based insurance companies are taking a beating, while reinsurers may be on the hook for large payments for the first time in years.

The potential severity of damages from Hurricane Matthew has been all over the map, as have forecasts for the storm itself (it's now...…

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unknownx500

0 0 2

Lemonade Launch Metrics Exposed!

Lemonade has publicly released data on its first 48 hours in operation post-launch.  Highlights include quote-to-payment conversion of...

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unknownx500

0 0 0

VC Firms Have Raised $32 Billion So Far This Year

Venture capital is on track for its biggest year since the dot-com era. VCs are raising money earlier than normal in case economic...

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unknownx500

0 1 0

UK banks get ready to roll out robot tellers

Banks are paying attention to the "bot" trend. RBSis about unveil Luvo, an online artificial intelligence CSR, which can answer questions...

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unknownx500

0 0 0

Bill Gross: central banks are pushing investors to Bitcoin

The billionaire asset manager believes that bitcoin is becomingly an increasingly attractive alternative to investors as central bank...

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unknownx500

0 0 0

iwoca secures £46m debt financing

London based credit startup iwoca has raised £46m in debt financing following a closure of their £21m Series C funding round led by Prime...

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unknownx500

0 0 0

Money 360 secures $8.5m in debt financing

California commercial real estate marketplace lending platform Money 360 has raised $8.5m in debt financing. Money360, Inc. is a direct...

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unknownx500

0 0 0

Utkarsh Micro Finance raises $59m venture funding

India based financial institution Utkarsh Micro Finance has raised $59m in venture funding from from HDFC Bank and RBL Bank. Utkarsh...

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unknownx500

1 0 0

Octane Lending Announces Series A

Octane Lending, a technology-enabled powersports finance company, today announced the closing of its Series A round led by Berenson...

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unknownx500 Allar Tammik

0 0 1

Robinhood announces Robinhood Gold premium service

Palo Alto based free stock trading app Robinhood has just announced its premium feature set, Robinhood Gold. For $10/month, users can...

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unknownx500

0 0 0

Unocoin raises $1.5m in venture funding

Bangalore, India based Bitcoin startup Unocoin has raised $1.5m in venture funding from both Indian and American backers. Unocoin runs a...

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unknownx500 Friar's Balsam

0 0 0

Remitly secures $38m financing

Seattle based person-to-person payments startup Remitly has raised $38m in equity funding and debt financing led by IFC and Silicon...

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unknownx500

0 0 0

Aire raises $2m in funding

London based credit score startup Aire has raised $2m in new funding led by White Star Capital. On foot of this new funding and...

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unknownx500 Günter Hentschel

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