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Why Blockchain Is Important to the Equity Swaps Market

Greg Schvey, CEO of portfolio company Axoni was on Bloomberg TV speaking about how blockchain technology can be applied to the equity...

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PayPal to Introduce Customers to Robo Investing

PayPal is moving into the crowded roboadvisor space via a partnership with Acorns.  Paypal will integrate Acorns microinvesting and...

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UK-based fintech Glint unveils current account for gold

The company's debit card and current account products allow users to load fiat currencies onto their Gilt account to buy portions of gold...

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First Access Closes $7M Series A Investment Round Led By Bamboo Capital Partners

New York based data analytics platform First Access has raised a $7m Series A round led by Bamboo Capital Partners.

The fourth-generation First Access platform is now live for select financial institutions. This will be extended across other regions...…

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DreamQuark beefs up financial services through artificial intelligence

Paris based AI-powered algorithm provider DreamQuark has raised a $3.5m funding round led by CapHorn Invest and Plug & Play.

So far, DreamQuark has attracted around 10 clients, including BNP Paribas and AG2R La Mondiale. And I’m sure each contract is worth a lot...…

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Moeco raises $5 million from Bitfury to bring blockchain to the internet of things

Netherlands based IoT startup Moeco has raised a $5m funding round led by Bitfury.

“Moeco’s goal is to ‘uberize’ IoT connectivity by delivering data to the right place in a secure way and making sure the gateways are...…

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Irish fintech firm TransferMate raises €30 million from Allied Irish Bank

Ireland based cross-border B2B payments startup TransferMate has raised a €30m funding round led by Allied Irish Bank.

The minority stake investment, which is awaiting approval from the Central Bank of Ireland, reportedly values the company at €250-€300...…

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CB Insights: NYC exits

2017 has now seen 4 of New York's top 10 VC-backed tech exits and all but one are B2B.

Blue Apron is New York’s largest VC-backed tech exit since 2012. The public listing in June valued the company at almost $1.9B, well...…

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TrueAccord Closes $22M Series B

San Francisco based debt collection startup TrueAccord has raised a $22m Series B led by Arbor Ventures.

Since closing its Series A round in 2015, TrueAccord has reached significant milestones, including: Customer Expansion: Between 2016...…

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Gainfully Nabs $2.5M

San Francisco based financial services content network Gainfully has raised a $2.5m funding round led by MassMutual Ventures.

Gainfully's patent-pending compliance-enabled network technology helps intermediaries accelerate and scale their businesses by directly...…

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German furnished apartments startup Wunderflats grabs funding

Berlin based furnished apartment platform Wunderflats has raised a €3m funding round led by Creathor Venture.

The number of furnished apartments in Germany has doubled within the last 4 years . In order to enable easy renting and letting of these...…

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Kabbage gets $200M from Credit Suisse to expand its AI-based business loans

Atlanta based small business lender Kabbage has raised $200m in revolving debt financing from Credit Suisse.

The funding will help the company increase the number of loans it can make to larger companies in the US. The average size of those loans...…

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Higher data fees prompt backlash against US equity exchanges

US equity exchanges increasingly depend on charging for data in a world of rapid-fire automated trading. A recent report from Healthy...

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Catastrophes wipe $35bn from insurers’ profits

A string of natural disasters from Hurricane Harvey in the US to earthquakes in Mexico have left the insurance industry facing one of its...

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ICAP's Michael Spencer backs compliance hiring start-up

CEO of Temple Grange, Eoin O’Shea, said the idea grew out of his frustration at not finding the regulatory and compliance specialists he...

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For Spain’s banks, survival means digital

But it's not easy - The 2014 acquisition of the digital bank Simple, by BBVA, valued Simple at $117m. Almost $90m of goodwill impairments...

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Insurer AXA Bets On Big Data

AXA, the French insurance giant, has set its sights on expanding its finance team’s big data expertise in 2018. AXA, of course, already...

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PayStand Secures $6M Series A Funding to Disrupt B2B Financial Services Industry

California based B2B payment platform PayStand has raised a $6m Series A led by BlueRun Ventures.

Users embed payments into their apps, websites and invoices, funneling revenue into a seamless digital network that supports traditional...…

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CleanCapital closes 3.7M investment round to help investors tap solar

DC based clean energy investing marketplace CleanCapital announced a $3.7m funding round through SeedInvest.

Over the past five years, the solar market grew an average rate of 72% per year, fueled by regulatory stability and reduced install...…

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Chatbot for banks developer Active.ai raises over $8m in series A round

Singapore based banking chatbot startup Active.ai has raised a $8.25m Series A led by Vertex Ventures, CreditEase, and Dream Incubator.

Headquartered in Singapore with an R&D base in Bengaluru, Active.ai is one of a large number of startups in the region that has developed...…

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Betterment, the investing startup with $11 billion in assets, is rolling out a new service to make c

Betterment's new feature will allow customers to select how much to donate, and the company's algorithms will fund it with the higher...

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Wall Street penalties have fallen in Trump’s first year

In the last twelve months, the SEC has sought the smallest amount of penalties since 2013, as the agency went months without permanent...

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SEC rejects last-minute delay to stock surveillance system

Despite the request by exchanges to postpone the start of CAT (Consolidated Audit Trail), SEC has said exchanges must begin providing...

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Siberians Use Cryptocurrency Miners to Heat Homes

Though bitcoin mining machines are typically cooled by blowers, two clever entrepreneurs from Siberia hope to utilize the heat to warm...

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Real estate startup Compass nabs $100M at a $1.8B valuation

New York based real estate listings platform Compass has raised a $100m funding round led by Fidelity Investments, IVP and Wellington...

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Fisdom Raises $4 Million in Series B

Mumbai based personal wealth management startup Fisdom raised a $4m Series B led by Quona Capital

isdom lets consumers manage investments from their mobile phones in an easily accessible and intuitive interface, and without compelling...…

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After $2.95M round, corporate deal ensures word-of-mouth marketing for RiskGenius

Kansas based AI powered insurance platform RiskGenius raised a $2.95m Series A extension funding round led by QBE Ventures.

The round was led by QBE Ventures, an Australia-based firm known as being among the world’s top 20 insurance companies. In addition to...…

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No Agent raises $1.1m to help landlords save time and money

London based renting as a platform service No Agent has raised a $1.1m funding round led by the co-founders of SOMO.

No Agent says it has been growing at approximately 35% month on month for the past six months. It recently obtained FCA approval and...…

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Data Science Startup Accern Raises $2.1 Million In Pre-Series A Funding

New York based data science startup Accern has raised a $2.1m Pre-Series A funding round led by 26 Ventures.

Accern’s data-science platform consolidates a variety of actionable analytics from more than 300 million websites, social media outlets...…

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FinScience Closes €1M Seed Funding Round

Milan based alternative investment data source provider FinScience has raised a €1m seed funding round from unnamed angel investors.

Founded in 2017 by a team of previous Google Italia senior managers, who have strong expertise in big data management and in digital...…

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China to Scrap Foreign Ownership Rules for Fintech Companies

China will allow foreign companies to control up to 51% of local firms providing financial services (from 49%), a move that is set to...

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Black Friday's Got Nothing on Singles' Day

Citigroup estimates that Singles' Day in China could generate $24b in sales this Sunday - approximately 6x the roughly $6b in sales...

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Vestwell Announces New Advisory Board of Six Industry Leaders including Josh Brown and Lori Hardwick

Portfolio company Vestwell has announced the creation of a new advisory board to provide guidance and advice as the firm grows past its...

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Reorg Research named to Deloitte 2017 Technology Fast 500

Portfolio company Reorg Research has been ranked 82nd in Deloitte's 2017 Technology Fast 500.  The ranking recognized the fastest...

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This Bank CEO Is Learning to Code

In a statement underscoring the fundamental shift in skills important to financial services firms today, the CEO of Societe General said...

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Alibaba Fund, IFC Join $220M Round In HK Mobile Lending Firm WeLab

Hong Kong based mobile lending startup WeLab has raised a US$220m Series B round led by Alibaba and the IFC.

According to the World Bank, 36% of China’s population aged 15 and above has borrowed money, but only 10% managed to borrow from a...…

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AlgoMerchant raises US$2M+, launches a robot trading platform to redefine the way we invest

Singapore based automated trading platform AlgoMerchant has raised a $2m funding round led by East Ventures.

During a nine-month long beta test period, the company claimed to have worked with “over a thousand” traders. Amongst a variety of...…

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Equifax takes a hit this quarter from its massive data breach

The first signs of how a massive data breach affected Equifax’s business were revealed in the company’s quarterly earnings report. Sales...

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Someone deleted some code in a popular cryptocurrency wallet — and as much as $280 million in ether

An estimated $280M worth of ether is locked up because of one person's mistake. An unidentified user accidentally deleted the code...

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SEC Chief Fires Warning Shot Against Coin Offerings

SEC Chairman Jay Clayton said so-called initial coin offerings in many cases looked like securities, raising the prospect the agency will...

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FinMkt Secures $5 Million During Financing Round Led by ManchesterStory Group

New York based online lending infrastructure and technology startup FinMkt has raised a $5m funding round led by ManchesterStory Group.

Funds from the financing round will allow FinMkt to continue to grow Lending Gateway, which has processed over $1 billion in consumer...…

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TIS raises $12 mln from 83North

Germany based corporate payments cloud platform TIS has raised a $12m funding roud from 83North.

The company plans to use the new funding to further accelerate product development and scale operations in Europe and the US, in order to...…

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British app-only bank Monzo attracts $93 million in fresh funding: Reuters

Lonon based digital bank Monzo has raised a $93m led by Goodwater Capital.

Monzo has signed up more than 400,000 customers since it was founded in 2015 and says it is increasing that total by 5 percent a week. ...…

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Yongle Raises Seed Funding

Vancouver based real estate sales management platform Yongle has raised a $1.5m seed round from an undisclosed investor.

Since April, 2016, Yongle has launched over 50 projects, representing more than $5 Billion in presales, with developers and project...…

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Tencent Spreads Money Around the Tech World

Snapchat disclosed this week that China's Tencent recently bought roughly $2B in Snap stock. As Bloomberg points out It's hard to imagine...

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How Some Small U.S. Banks Are Firing the Fed

Bank of the Ozarks wanted to cut costs, so it ditched the Fed! To do it the bank shed its holding-company structure, an umbrella...

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SoFi Abandons Global Plans, Rethinks Asset Management

SoFi is ditching some of its most ambitious initiatives “pulling back” on plans to expand into Canada and Australia and asset management...

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Warranty Analytics Startup WePredict Raises $4M; Munich Re Is Lead Backer

UK based predictive analytics startup WePredict raised a $4m funding round led by Munich Re.

WePredict said its initial product targets the automotive industry, particularly original equipment manufacturers, but it will have wider...…

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Matic Insurance Services Raises $7M in Series A Funding

California based digital insurance agency Matic Insurance Services has raised a $7m Series A led by Anthemis and Nationwide.

By using loan application information and technology, the company provides homebuyers multiple policy options, helping loan officers...…

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Vestwell recognized globally for its innovation

We are excited to announce that Vestwell has been named one of 2018’s most innovative companies in regulatory technology by RegTech 100.

Vestwell is proud to offer a solution that makes the complexity of regulating retirement planning a simple, streamlined process for...…

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Online lenders shrug off scandals to increase US market share

Online lenders in the US are still expanding in spite of scandals and setbacks at some of the biggest names in the business.

That was almost a third of the total US market for new personal loans — a bigger share than banks or credit unions or other traditional...…

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Bitcoin Futures May Be Coming But Trading Hurdles Remain

Great read from the WSJ on the hurdles facing the nascent cryptocurrency market in creating a vibrant and liquid futures market.

Analysts and traders point to several hurdles. There needs to be plenty of market makers—traders willing to post price quotes throughout...…

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SoCash expands regionally with new funding to let you draw money from any store

Singapore based on-demand ATM provider SoCash has raised an undisclosed funding round led by Temasek affiliate Vertex Ventures.

Banks can benefit from this because it provides an alternative to growing their ATM networks, which are expensive to maintain. It also...…

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ING Launches €300M Fintech Venture Capital Fund

Financial services giant ING, #13 on the Fortune 500, has launched a €300m fund aimed at investing in fintech companies.  The fund...

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Direct Pay Online Group raises $5M from Apis to launch in Nigeria, Ghana & DRC

Kenya based payments technology startup Direct Pay Online Group has raised a $5m funding round led by Apis Partners.

According to DPO Group Chairman, Offer Gat, “DPO Group has achieved and exceeded the plans laid out in the first phase of the strategic...…

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Glint raises another $20M to help companies figure out how their employees really feel

San Francisco based workforce data analytics startup Glint has raised a $20m Series D led by Bessemer Venture Partners.

Other startups that also use data analytics to figure out what makes employees tick include CultureAmp, which has raised $36.3 million so...…

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UK Fintech Cashplus Announces Banking License Plans

In the latest trend towards full-stack fintech companies, UK prepaid card provider cashplus is seeking to receive a full banking license....

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Fintech firm MarketInvoice joins rush into business lending

After originating £1.6bn in invoice financing for UK businesses, MarketInvoice is launched a standalone business loans service.  The...

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Financial pros flock to online fintech courses

In anticipation of the broad employment changes in the financial industry, professionals are increasingly using platforms like Lynda...

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TransferWise raises $280 million from Old Mutual and IVP at $1.6 billion valuation

London based international money transfer service TransferWise has raised a $280m funding round led by Old Mutual Global Investors and IVP.

TransferWise is understood to be valued at around $1.6 billion (£1.2 billion) in the latest funding round, making it one of Britain's...…

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SouChe raises $335 million in Series E round led by Alibaba

China based retail and finance platform for the auto industry SouChe has raised a $335m Series E led by Alibaba and Warburg Pincus.

SouChe has already enabled new car and used car dealers to go digital by providing them with its unique SaaS systems, which have...…

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IMF - Fintech and Cross-Border Payments

The IMF has published a transcript from Ripple's "Central Bank Summit" discussing the IMF's thoughts on trends in fintech, and how...

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Blockchain company Stratumn adds further €1 million to its Series A round

Paris based blockchain startup Stratumn has raised a total of $8m in Series A funding led by Nasdaq and Digital Currency Group.

Stratumn builds blockchain-based tools for securing enterprise processes, mostly in the insurance sector to help providers remain...…

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Reali Secures Funding Round

San Mateo based app-enabled real estate startup Reali has raised a $5m Series A led by Signia Venture Partners.

Reali offers lower fees and cash back with a full refund of the buyer's agent commission (typically 2.5%) that is paid back to the buyer....…

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BondIT closes $14m in funding

Israeli based digital advisory tools startup BondIT has raised a $14m funding round led by Fosun.

Powered by machine learning algorithms, the company’s tools empower advisors to automate the optimisation of fixed-income portfolio...…

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