News by FinTech Collective

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A Missing Piece in China’s Economy: Consumer Credit Ratings

A lack of a single accepted standard, like FICO, is hampering access to credit for some 500 million potential Chinese borrowers.

That’s not good for China’s economy, as the government looks to consumer spending to provide more of the fuel for growth. And, as a rash...…

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The return of the stock picker

The FT's big read this week explores the return of the stock picker after a decade where Index funds have outperformed most equity managers.

But the skies are brightening. In the year to June 2017 over half of all US equity mutual funds outperformed their benchmarks, according...…

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SAP acquires Gigya

Germany based enterprise software giant SAP is reported to have purchased customer identity firm Gigya for a reported $350m. Gigya today...

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Chime raises $18m Series B

San Francisco based fee-less mobile bank Chime has raised $18m in Series B funding led by Cathay Innovation. Without monthly fees or...

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AICoin raises $3m ICO

Geneva based cryptocurrency investment vehicle AICoin has raised $3m through an initial coin offering. AICoin works as a collective...

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Taxfix raises $2m Seed round

Germany based mobile tax platform Taxfix has raised $2m in Series Seed funding led by Redalpine Venture Partners and Creandum. The...

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Utrust raises $3.5m ICO

Portugal based blockchain payments company Utrust has raised $3.5m in their Initial Coin Offering. UTRUST is the world’s first...

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Luno raises $9m Series B

London based cryptocurrency advisor Luno has raised $9m in Series B funding led by Balderton Capital. Luno makes it safe and easy for...

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iZettle raises $36m funding

Stockholm based mobile payments company iZettle has raised $36m in debt financing from the European Investment Bank. iZettle is...

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Bankera raises €25m pre-ICO

Lithuania based digital bank Bankera has raised €25m in a pre-ICO funding round. Bankera is building a regulated bank for the blockchain...

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Netwealth raises £10m funding

London based online wealth management platform Netwealth has raised £10m in a second round of Angel funding from various angel investors....

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Branch raises $2m

San Francisco based mobile lender for emerging markets Branch has raised $2m in debt financing from Nabo Capital. Branch eliminates the...

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Raise secures $50m Series C

Chicago based online gift card marketplace Raise, who acquired portfolio company Slide, has secured $50m in Series C funding led by Accel...

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PayPal will fully integrate Swift Financial 'over the next year'

A little over one month after revealing plans to acquire the lender, PayPal has announced the deal is now complete. 

“Increasing access to capital is vital to the success of small businesses and is a strategic offering for PayPal, which drives merchants’...…

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Google "accepts" Bitcoin with payment API update

In theory, the new functionality allows anyone that uses Google's Payment Request API to now accept bitcoin in their online stores.

According to Gaundry, the new functionality that enables bitcoin payments is meant for accepting future payment methods that don’t fall...…

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PayJoy raises $6m funding

San Francisco based smartphone-enabled consumer financing platform PayJoy has raised $6m in an undisclosed financing round led by...

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Aventus raises $20m in ICO

London based blockchain ticketing platform Aventus has raised $20m through their Initial Coin Offering. Aventus, which has been dubbed...

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Neyber secures £100m

London based lending platform Neyber has received a £100m investment from Goldman Sachs. Neyber, founded in 2014 and launched in 2015,...

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Equifax CEO: ‘We will make changes’

Equifax's CEO and chairman Richard F. Smith has released a statement regarding the company's massive cybersecurity breach. 

Last Thursday evening we announced a cybersecurity breach potentially impacting 143 million U.S. consumers. It was a painful announcement...…

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SoFi CEO Cagney to step down

As the company attempts to move on from the allegations of inappropriate behavior towards women, Mike Cagney will step down as chairman...

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