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The expansion fueled by SoFi's $500m pickup

Pymnts.com describes the latest SilverLake round as an opportunistic one, with the SF based online lender likely to pursue Aussie...

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Meet the man who sold the world on credit cards

Matty Simmons helped pioneer the credit card back in 1950 with the Diners Club, whereby members would go to New York restaurants and pay...

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Why taxing robots is not a good idea

In a recent interview Bill Gates has gone on record to express his opinion that robots and incoming artificial intelligence to businesses...

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UK challenger bank Monzo raises £19.5M with another £2.5M in crowdfunding planned

Monzo raised £13M from Thrive Capital, £5 M from Passion Capital, and £1.5M from Orange Digital Ventures, the venture arm of telco Orange.

The new combined funding, which will bring total raised to £35 million, will be used by Monzo as it readies for a full bank launch later...…

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A Dozen Lessons About Product/Market Fit

A tremendous read for any entrepreneur from Tren Griffin's blog. As Reid Hoffman notes, “Product/market fit requires you to figure out...

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AWS Launches an AI Blog with tutorials, best practices, and tips and tricks

Amazon's vision is to use the expertise and lessons learned from customers and the thousands of engineers focused on AI at Amazon to put...

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Apple announce Apple Pay growth metrics in earnings call

During Q12017 earnings call, Apple CEO Tim Cook noted that Apple Pay's volume was up over 500% compared to last year. With Apple Pay now...

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Quovo’s Bank Authentication API Now Covers 200+ Institutions

Portfolio company Quovo's bank authorization coverage has expanded tenfold in just a few months since its launch.

When we founded Quovo, we knew that the future of finance was all about leveraging data to connect with clients better - and it still is...…

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Bonify secures €5.5m Series A

Berlin based credit scoring startup Bonify has raised €5.5m in Series A funding led by Mosaic Ventures and Ribbit Capital. Bonify is a...

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One Tap Buy secures $13.3m Investment

Tokyo based stock trading app provider One Tap Buy has raised $13.3m in venture funding from Mizuho Capital, Mobile Internet Capital,...

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BitBond secures $1.2m funding

Berlin based online bitcoin lender BitBond has raised $1.2m in venture funding led by Sekip Can Gokalp. BitBond is the first global...

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Prospa raises AU$25m Series B

Sydney based small business online lender Prospa has raised AU$25m in Series B funding led by AirTree Ventures. The funds will be used...

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Kakao Pay receives $200m investment

Korea based fintech arm of messaging giant Kakao, Kakao Pay has received $200m in private equity investment from Alibaba affiliate Ant...

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MoneyTable raises $1.5m Seed Round

Bangkok based fintech/human resources startup MoneyTable has raised $1.5m in Series Seed funding led by K2 Venture Capital and Kejora...

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Tala raises $30 million to help users build credit scores

Los Angeles based mobile micro-loan startup Tala has raised $30m led by IVP.

IVP led the Series B, joined by Ribbit Capital, with additional participation from existing investors Lowercase Capital, Data Collective...…

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Brazil's Creditas Gets $19 Million Amid Boom in Local Fintech Financing

Creditas specializes in innovative credit scoring and asset-backed loans to drive down APRs.  Borrowers in Brazil pay an average of 190%...

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Big banks declare war on Venmo

Nineteen banks, including BofA, Chase, Citi, and Wells, have teamed up to roll-out and support Zelle, a peer-to-peer payment app that...

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TransferWise launches Facebook Messenger bot

The international money transfer service will let users use the popular social media messaging service to send money and create alerts. 

“Our mission at TransferWise is to bring faster, cheaper, and more convenient international money transfers to everyone in the world,”...…

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Japan’s top bank testing digital checks on blockchain

Bank of Tokyo-Mitsubishi UFJ (MUFG), is reportedly running a proof of concept to digitize the paper check in Singapore using the Monetary...

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Two-thirds of Americans aren’t putting money in their 401(k)

Bloomberg provides a dark, detailed look at why many employees may never be able to retire.  Two-thirds of all Americans don’t contribute...

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XBX index update: removing OKCoin

OKCoin recently announced the suspension of bitcoin withdrawals from its exchange in order to improve AML practices, and other Chinese...

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CrediFi raises $13m Series B

New York based commercial real estate fintech company CrediFi has raised $13m in Series B funding led by Liberty Interactive's Liberty...

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‘Trump bump’ sparks birth of new banks in the US

The "Trump Bump" has rekindled interest building a bank from scratch with the The FDIC evaluating 6 applications for bank charters from 5...

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European fintech deals hit 5-year high in 2016

The number of deals in European fintech rose 11% to 179 in 2016, compared to a 1% global drop (according CBInsights). Germany and the UK...

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Beepi Winding Down After Burning Through $150 Million

Beepi an online marketplace for used cars is inching toward winding down its business after blowing through $150 million in venture...

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Oliver Wyman illustrate the size, growth, and underlying drivers of the Insuretech market in China.

Compared to developed markets, insurance penetration in China is lagging. In this report, Oliver Wyman aims to illustrate the size,...

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Amazon looking to buy Capital One?

Amazon is rumored to have an interest in acquiring Capital One.  The acquisition would enable cost savings by owning a greater swathe of...

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Why Amazon and Google are bound to enter finance

Though early forays into payments were muted, the tech giants may demonstrate an increasing interest in financial services.  To that end...

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SolarisBank raises €30m Series B

Berlin based API-accessible banking platform SolarisBank has raised €30m in Series B funding led by Index Ventures. The company will use...

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Exactuals raises $10.6m Series B

Los Angeles based payment tracking platform Exactuals has raised $10.6m in Series B funding only one week after announcing a separate...

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Pleo raises $3.25m Seed funding

London and Copenhagen based company expense startup Pleo has raised a second Series Seed funding of $3.25m led by Creandum amongst other...

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bitFlyer secures $1.75m venture funding

Japanese cryptocurrency trading platform bitFlyer has raised $1.75m in venture funding from Mizuho Financial Group and Sumitomo Mitsui...

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TrueLayer Secures $1.3m Series Seed

London based fintech app development platform TrueLayer has raised $1.3m in Series Seed funding led by Connect Ventures. The company is...

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Uber Gives Restless Employees a Way to Cash Out

Uber has initiated a program whereby long-time employees can sell as much as 10 percent of their shares back to the company.  The seller...

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Why Your Business Should Ditch Cash

After his business was robbed 5 times in 3 months, the owner of a coffee shop in Baltimore decided to stop taking cash. What happened...

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Facebook’s photo-sharing app is looking for ‘recovering quants’ from hedge funds or investment banks

Mike Krieger, Instagram co-founder, is on the hunt for “recovering quants” as he plans to double the firms engineering staff in New York...

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Paypal set to acquire TIO Networks

California based online payments giant Paypal has agreed to acquire Canadian payment management company TIO Networks for $233 million....

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SoftBank to purchase Fortress

Japanese telecommunication and finance conglomerate SoftBank is set to purchase American private equity giant Fortress Investment Group....

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Hired's 2017 State of Global Tech Salaries

Hired has published their 2017 annual report on the Global State of Tech Salaries. A key takeaway from this year's report illustrated...

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Grab to acquire Kudo

Singapore based ride sharing app Grab is set to announce its acquisition of Indonesia based online payment app Kudo in Grab's first major...

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Venmo security: How to protect your account

Despite the humorous aspects of Sean Spicer's recent Venmo trolling, the security of the payment app has been called into question....

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Sean Spicer and more trolled through Venmo

New York based payment and social app Venmo has made headlines recently thanks to people taking advantage of the platform's social...

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Better Mortgage raises $15m Series B

NYC based technology driven mortgage bank Better Mortgage has raised $15m in Series B funding from backers Goldman Sachs, Perkins...

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Float Receives $3m Angel Funding

Los Angeles based online lender Float has raised $3m in Angel Funding from backers Camp One Ventures, Funders Club and 500 startups....

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Global Shares raised €4.5m Venture Funding

Cork, Ireland based financial services startup Global Shares has received €4.5m in Venture Funding led by technology guru Pearse Mee....

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Company accused of scamming 9/11 heroes out of millions

RD Legal funding has come under fire for allegedly using deceptive tactics to get 9/11 responders to enter into costly advances on...

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Ayden sees 80% jump in 2016 payment volumes

Holland based payment processing startup Ayden has seen an 80% growth in payment volumes from 2015 to 2016 totaling at $90 billion. Ayden...

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Ant Financial Raising Money for Global Expansion

Ant Financial Services Group, China's highest valued online finance company and affiliate of Alibaba Group is currently in talks to raise...

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EU Watchdog Says Too Soon for New Blockchain Rules

The EU's securities watchdog said that no specific EU rules are needed to regulate blockchain for the time being given the sector's still...

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Vanishing point: the rise of the invisible computer

For decades, computers have got smaller and more powerful, enabling huge scientific progress. But this can’t go on for ever - in fact the...

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Biggest US banks have more than $120bn of ‘excess’ capital

According to Morgan Stanley the biggest banks in the US are now sitting on more than $120bn of “excess” equity capital. Lloyd Blankfein,...

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Zenefits Cuts Nearly Half of Staff

The weakened health-benefits broker’s will now have 500 employees which is roughly 70% of the 1,600 employees it had in September 2015.

Mr. Fulcher was named CEO on Monday, the third person to lead Zenefits since early 2016. He replaced David Sacks, who took over as CEO a...…

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Marstone to partner with Fiserv

White-label digital advice and financial planning platform Marstone has announced a partnership with financial technology solutions...

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BankUP set to launch in Q4 2017

Belgium based fintech services startup BankUP has announced plans to launch its product in Q4 of this year. BankUP will provide services...

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How will artificial intelligence change insurance?

The advancement of technology has had profound impacts on almost every global industry in recent years including the insurance sector....

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Google announces TensorFlow 1.0

Google has announced a release candidate for a fully functioning version 1.0 of its open source deep learning framework TensorFlow. The...

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Capital Float raises $2.53m Series C

Bangalore, India based online lender Capital Float has raised $2.53m in Series C funding led by IFMR Capital. Founded in 2013, Capital...

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Coiney secures $7.1m Series B

Tokyo based mobile payments startup Coiney has announced $7.1m in Series B funding from investors Innovation Network Corporation of...

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Blooom raises $9.15M, surpasses $500M in AUM

Kansas based robo advisor has raised $9.2m in Series B financing from QED, Commerce Ventures, Allianz, and other strategic investors.  

"Early in Blooom's funding round, KCRise Fund and Blooom saw in each other the combined value we bring to KC," Darcy Howe, managing...…

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Trump issues memorandum on Fiduciary Rule

The memo directs the Secretary of Labor (not yet appointed) to examine the DOL's proposed "Fiduciary Rule" - which requires financial...

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Paper checks’ uncertain B2B payments future

Recent research indicates that usage of paper checks for B2B payments may have increased slightly in 2016.   A key impediment is the...

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Announcing ECX: TradeBlock’s Ethereum Classic Index

TradeBlock is pleased to announce the launch of the ECX Index, an institutional-quality reference rate for the USD-denominated price of...

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Atom Bank raises £100m

Durham, UK based app-only bank Atom Bank has raised £100m in equity financing from previous investors including Toscafund and BBVA. Atom...

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Trussle raises £4.5m venture funding

London based online mortgage broker Trussle has secured £4.5m in venture funding from Orange Growth Capital. The company intends to use...

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Credit Engine closes $970k seed round

Tokyo based small business lender Credit engine has secured $970k in Series Seed funding from 500 Startups and Freebit Investment. Credit...

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Yomoni receives $5.4m funding

Paris based robo advisor startup Yomoni has gained $5.4m in venture funding from previous investors Credit Mutuel Arkea and Iena...

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Wealthsimple raises $15.25m Series B

Toronto based robo-advisor Wealthsimple has raised $15.25m in Series B funding led by Power Financial Corp. Wealthsimple’s national...

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The slow death of the investment bank analyst

To clean up a murky business, regulators have in effect killed off sell-side research by forcing fund managers to provide a clear budget...

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Trump can undo the new rules on financial advisers but not the new skepticism of their advice

Money Magazine put John Oliver on its cover last month, declaring him the year’s “Money Champion.” and Gary Shedlin, the CFO of BlackRock...

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Weak Peso Means Strong Business for Remittance Providers

Driven by weakness in the Mexican peso, dollars flowing into Mexico jumped 25% in November from a year prior, the fastest growth rate in...

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How the payments industry came to accept legal marijuana

A growing number of Banks and Credit Unions have begun to serve legal pot businesses taking note of the boom in sales ($6.7 billion in...

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Dodd-Frank is Trump's next big target

Calling it his patented "disaster," Trump is focusing on the difficulty of small businesses to get necessary funding.  We will have to...

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American Express joins Hyperledger Project

Sastry Durvasula, SVP of Technology, responsible for leading enterprise-wide big data, blockchain, digital payments and partnerships will...

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Earnix raises $13.5m funding

Israel based financial pricing startup Earnix has raised $13.5m in venture funding led by previous investors Jerusalem Venture Partners...

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Spotcap receives $20m financing

European online lender Spotcap's Australian division has received a $20m debt facility from Heartland Bank. The funding aims to help...

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Litify secures $5m venture funding

New York based litigation finance startup Litify has secured $5m in venture funding from Fortress Investment Group LLC. Litify's software...

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Together Money receives £90m in funding

Cheshire, UK based lender Together Money has received a £90m funding facility financed by the private capital arm of Goldman Sachs. The...

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LatiPay secures $3m Series A

Auckland, New Zealand based online payments company Latitude Technologies has secured $3m in Series A funding for its LatiPay brand, led...

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unknownx500

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