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Venture investment in UK fintech more than doubles

Boosted by a handful of large fundraisings, fintech companies raised $1.6bn of venture capital investment last year.  

“There is no doubt that London’s position as a leading financial and technology centre is driven by the UK’s focus on policy and talent,...…

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Amazon partners with Bank of America for its lending program

In his shareholder letter 2yrs ago, Amazon CEO Jeff Bezos said he was looking to team up with banks that could help his company expand...

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SEC kills Chinese-linked takeover of Chicago Stock Exchange

The acquisition, which was proposed in February 2016 and worth around $25 million, was led by Chongqing Casin Enterprise Group, a...

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Cardlytics first fintech firm to go public in 2018

After stumbling in its debut, Cardlytics stock flew up 33% in 2 days this week, making it the 4th-best IPO of 2018. VC backed Cardlytics...

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Competing with BigCo: 2018 Edition

Steven Sinofsky's recent blog on 'competing with big companies' is a must read. He reminds us that it is highly likely that the next wave...

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Payworks Announces $14.5M Series B Investment Round

Munich based POS payment gateway technology startup Payworks has raised a $14.5m Series B round led by CommerzVentures and Visa.

Founded in 2012, Payworks has developed a next generation payment gateway technology, operated in the cloud and provided in a Software as...…

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Diverse Syndicate from Across the Country Invests $3 Million into SafeChain

Ohio based blockchain real estate transaction startup SafeChain has raised a $3m Series A round led by NCT Ventures.

Purchasing real estate today is an inefficient and paper based process that often requires 30 days and up to a dozen different entities...…

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Homesnap raises $14 million for real estate intelligence

Maryland based real estate agent data platform HomeSnap has raised a $14m Series B led by Updata Partners.

Homesnap has registered about 400,000 real estate agents, who use its services to find out things like how long a home has been on the...…

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Tipalti Closes $30 Million Series C Funding Round To Build Out R&D

San Mateo based payables automation startup Tipalti has raised a $30m Series C round led by Zeev Ventures.

Through its platform, Tipalti is typically able to automate 80 percent of a company’s AP and cross-border payments workload. With those...…

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Fullerton leads Series C investment round in Lendingkart

India based digital SME financing platform LendingKart has raised a $87m Series C round led by Fullerton Financial Holdings.

Lendingkart Technologies handles technology and digital marketing, while Lendingkart Finance underwrites loans for small and medium...…

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Stash Raises $37.5M To Launch New Banking Service

New York based micro-investing startup Stash has raised a $37.5m Series D round led by Union Square Ventures, after raising a $40m Series...

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The digital upstarts taking on Britain's dominant few bank

Since 2013, UK regulators have licensed more than 30 new banking entrants.  With over 80% of UK deposits controlled by five dominant...

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Global fintech funding holds steady in 2017

Fintech companies raised a total of $31b in 2017, favorable to the $25b raised in 2016 but well below the record $47b raised in 2015....

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Dwolla secures $12 million round of funding, will nearly double workforce

Des Moine based payments API startup Dwolla has raised a $12m Series D led by Foundry Group.

Dwolla's latest round of funding was led by Foundry Group with additional investment from Union Square Ventures, Next Level Ventures,...…

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Amazon partners with Bank of America for its lending program

In his shareholder letter 2yrs ago, Amazon CEO Jeff Bezos said he was looking to team up with banks that could help his company expand...

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DailyPay Announces $9 Million in Series B Funding

New York based employee real-time wage access startup DailyPay has raised a $9m Series B led by Intercept Ventures.

Data shows the average DailyPay user accesses the system approximately one time per week and 94% of employee users self-report they use...…

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Zervant raises €6M for its invoicing software for small businesses

Finland based SMB-focused online invoicing startup Zervant has raised a €6m Series B led by Tesi.

Founded in 2010 and headquartered in Espoo, Finland, Zervant offers simple invoicing software targeting micro enterprises in Europe,...…

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Why point-of-sale lending is hot right now

Many younger consumers have a love-hate relationship with credit.They are comfortable borrowing for specific purposes, such as paying for...

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Fintech startup Ohpen raises €25 million in Series C

Amsterdam based cloud-based core banking platform Ohpen has raised a €25m Series C round from Amerborgh, after raising a €17m Series B in...

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Altegris To Merge With Artivest

The combination of Artivest and Altegris will create the largest independent alternative investment technology firm, managing over $3b in...

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Cryptocurrency Meets Muni-Bond Market Under Berkeley Venture

Portfolio company Neighborly is working with the city of Berkeley, California on what could be the first ever municipal bond issuance to...

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Fintech Giants Roll Out Digital 401k Platform

Vestwell has partnered with portfolio risk startup Riskalyze to create Riskalyze Retirement Solutions. The end to end digital 401k...

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Goldman Sachs in Talks With Apple to Finance iPhone Sales

Goldman appears to be eyeing the "point-of-sale" finance business, and hopes to partner with Apple to offer loans on new iPhone...

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Fintech Firms Look to Enter Banking Via Century-Old Tactic

Fintech startups hoping to expand into digital banking are increasingly looking at obtaining an industrial loan charter, in lieu of...

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Bitcoin’s Plunge Weighs on Coin Offerings

ICO fundraising has cooled down from the $6b raised in 2017, as many altcoins find themselves trading 50+% lower than their peak levels....

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Cashforce seals EUR2 million Series A funding for international roll out

New York based cash forecasting software startup Cashforce has raised a €2m Series A led by Volta Ventures.  

Cashforce is unique because it offers full transparency into what exactly drives the cash flow of mid-size & large corporates with...…

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A Bargain at $5.3 Billion

Los Angeles may be writing the playbook for more economical spending on the Olympics.  The return on investment may be better for...

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Cryptocurrencies Come to Campus

America's elite law schools, business schools, and computer science departments are seeing a surge of student interest in cryptocurrency...

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Uno Home Loans raises $25 million from Westpac and launches search for new CEO

Sydney based mortgage loan comparison startup Uno Home Loans has raised a $25m funding round from Westpac.

Launched into the market in May 2016, the platform helps Australian homeowners and aspiring homeowners find and broker the right mortgage...…

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Berlin fintech startup Penta fetches seed funding

Berlin based small business digital banking startup Penta has raised a €2.2m Seed Round led by Inception Capital.  

Penta’s unique selling point is that it provides a free bank account as well as a faster service to small businesses who lack the people...…

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Venture investment in UK fintech more than doubles

Fintech investment in the UK is alive and well following Brexit turmoil - UK fintech startups raised $1.8 bn last year (up more than 150%...

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Autobooks raises $10 million funding round

Detroit based payments and accounting software startup Autobooks has raised a $10m funding round from investors including Draper...

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Human Interest Raises $11M in Series A Funding

San Francisco based employee benefits software startup Human Interest has raised an $11m Series A led by Wing Venture Capital.

Co-founded by Paul Sawaya and Roger Lee, Human Interest provides small business employers with 401(k) retirement savings plans for their...…

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CurveGlobal Completes Second Funding Round With Bank

London based interest rates derivatives platform CurveGlobal has raised a £20m funding round led by the London Stock Exchange Group and...

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Goldman Is Close to Buying Personal-Finance Startup Clarity

Goldman is looking to acquire PFM app Clarity Money and fold it into it's Marcus unit, which has originated more than $2b in loans since...

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Dfinity raises $61 million for blockchain-based cloud

Switzerland based blockchain cloud computing startup Dfinity has raised a $61m funding round from Andreessen Horowitz and Polychain Capital.

The Dfinity team ran a public “seed stage” ICO last February and expected to follow that up with a “main” ICO late last year. But the new...…

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The dealmakers financing top adviser technology

InvestmentNews highlights FinTech Collective co-founder Brooks Gibbins, endearingly referring to him as "The Outsider."  Notably,...

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Federal Reserve restricts Wells' growth until firm improves governance and controls

The unusual declaration by the Fed comes in response to "pervasive" consumer abuses and compliance breakdowns at the bank.  

The firm did not have an effective firm-wide risk management framework in place that covered all key risks. This prevented the proper...…

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Regulators are looking at cryptocurrency

The SEC and CFTC provide a sober review on regulatory enforcement in the cryptocurrency world. The agencies  aspire to bring...

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eBay is ditching PayPal for a younger, European partner

PayPal and eBay have been in a relationship since the 1990's. The breakup highlights the rise of a new generation of financial technology...

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‘Crypto crazy’ Japanese mystified by virtual heist

The FT digs into the $500m theft of XEM coins in Japan by an anonymous hacker. Following a crumb trail on the XEM blockchain they detail...

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London fintech start-up Duco raises £20m

London based self-service data engineering software provider Duco has raised a $28m Series B led by Eight Roads and Insight Venture...

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The sad state of crypto custody

Techcrunch reviews the various issues surrounding both hardware wallets ("cold storage") and internet-connected, software wallets ("hot...

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10 Insurtechs for superb customer engagement

Embroker has been featured as one of Digitial Insurance Agenda Barcelona's "10 Insurtechs that drive superb customer engagement", helping...

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Google and Facebook set off a second wave of fintech talent

FT provides an interesting profile of Ireland's rapidly growing fintech scene (including TransferMate, Plynk, and most famously, Stripe)....

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Starbucks launches new credit card for coffee addicts

Starbucks is launching a co-branded credit card backed by JPM, with a $45 annual fee and coffee addict-focused rewards.  The company...

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Thomson Reuters Sells Stake in Unit to Blackstone-Led Group

Blackstone has acquired a 55% stake in Thomson Reuters' financial and risk division at a valuation of $20 billion.  Blackstone's...

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