News by FinTech Collective

TransUnion’s survey revealed ~46% of consumers worry about being victimized by fraud. Vikas Dua, COO of portfolio company Ocrolus,...

San Francisco based finance ops automation platform raised $4.5m led by Bowery Capital.

New Orleans based payment startup for contractors raised $30m in funding from Horizons Ventures.

San Francisco based blockchain developer behind XRP has raised $200m in Series C funding led by Tetragon. 

LMAX Digital, the leading institutional spot crypto currency exchange, has started providing real time trading volumes to the TradeBlock...

Bangalore-based ZestMoney announced today that it has raised $15 million from Goldman Sachs and existing investors Naspers Fintech, Quona...

If you want a glimpse of the future of banking, don’t look to Silicon Valley or Manhattan’s financial district. Instead, drive across the...

Scenario 1 - A store throws out items in a commercial dumpster, which is searched by a dumpster diver…who cleans the items…and lists them...

The FT's Alphaville has a dig at DAH's new business model - "It’s awkward when you set up a business around a technology that you reckon...

Grab and gaming company Razer will need to demonstrate how their millions of users can help them generate profits if the two technology...

BlackRock would stay on as the financial-technology firm’s largest minority shareholder.

This year, the Swedish company started a pilot program to provide credit to small business owners in India and will begin offering the...

When Joao Vitor Menin took over his family’s banking business, it was a mere sideline to his father’s empire of low-income housing. Four...

The bank has started using machine learning technology to process expense reports and determine whether they comply with company policies.

Vodafone plans to transform its M-Pesa African mobile payments service into a financial platform spanning the continent as it seeks to...

Fintech firms accuse banks of blocking their access to customers’ account information - At the center of the PNC-Venmo skirmish is Plaid,...

The UK’s financial watchdog has launched an investigation into a security breach at the Bank of England that allowed hedge funds early...

Hedge fund investors attempt to trade off that alternative data. Hundreds of data points are often generated from simple transactions and...

San Francisco based B2B payment operations software provider raised a $10m Series A round led by Benchmark. 

To be classified as an “accredited investor”, one must possess a net worth of more than $1m. It is unclear if that minimum will change,...

Sweden’s central bank, the first to apply negative rates on deposits, moves key rate back up to 0% from -0.25%. Subzero rates have pushed...

A head start of a few seconds allows hedge funds to make millions, as The Times discovered that one of the Bank of England's suppliers...

San Francisco based insurtech platform for SMBs raised $18m in Series A funding led by Tribe Capital.

New York based renter of apartment-like hotel rooms raised $50m in Series B funding led GGV Capital.

North Dakota based agtech platform for agriculture raised a $19.5m Series B round led by Continental Grain Company.

London based digital business banking platform raised a $2.8m seed round led by ADV. 

Los Angeles based provider of spend analytics for startups raised $5.6m in seed funding from Upfront Ventures, Lerer Hippeau, and Manta...

London based retirement solutions provider for enterprise raised $6.5m in Series A funding from Thames Trust, Ace&Co and Downing...

India based consumer lending startup raised $15m led by Goldman Sachs in a Series B extension. 

In a document filed with the U.S. Patent and Trademark Office, Nike stated that it intends to generate unique IDs and create ERC 721...

The 12th annual list of Best Places to Work in 2019 is published by Crain's alongside the Best Companies Group, an independent research...

Tracxn, which is one of the largest platforms for tracking startups and emerging technology, released its list of promising Swedish...

Ocrolus+ is the first turnkey solution for ingesting documents and digital data streams through a single API. The enhanced platform...

If and when Aramco shares are open for sale to international investors on Western stock exchanges, we will then know the true value of...

Robinhood joines Schwab and Square in offering fractional stock trading, and the CEO has indicated its users are chomping at the bit for...

Connecticut based AI-enabled insurtech startup raised $12m in Series A from State of Mind Ventures, Moneta Capital, and Guardian Life.

San Francisco based cashier-less checkout startup raised $12m led by Evolv Ventures, the venture hub backed by Kraft Heinz.

On its first day of trading, Saudi Aramco shares soared 10% and surged to a market value of $2 trillion on its second day of trading. It...

Gabrielle is the co-Founder & Chief Operating Officer at portfolio company Sigma Ratings. The list is released by the "NYC Fintech...

The stock price for Saudi Aramco touched $2 trillion two days after its listing on the Saudi stock exchange, Tadawul. Some are arguing...

Half of the 100m Credit Karma users are active on a quarterly basis. The consumer app is intended to play a more active role in their...

San Francisco based corporate housing startup raised $55m at a $205m valuation led by Airbnb. Zeus Living has grown to a $100m revenue...

London based fintech startup focused on gig economy workers raised £7m in Series A funding led by Redalpine.

Los Angeles based digital lending platform for small Latinx businesses raised $8m in Series A funding led by Crédito Real.

On its second day of trading, Saudi Aramco represented over 85% of the traded value on Tadawul, Saudi's domestic exchange. The exchange...

Is this foray into decentralized technology for Twitter a harbinger of a radical shift in social media infrastructure? Dorsey is...

From 2014 until this month, the men operated BitClub Network, which solicited money from investors in exchange for shares in purported...

Dubbed the Interbank Information Network, the blockchain based network allows its member banks to exchange information related to...

In a controversy post in the crypto community, author Jill Carlson argues that cryptocurrency is not main to solve mainstream problems....

Having spent $600m in a matter of months, Paytm is burning through cash in the hope of clinging on to its share of the world’s...

Mexico based challenger bank has raised a $19m extension to its Series A led by U.S.-based Valar Ventures. 

Boston based loan alternative for home owners raised $100m led by ICONIQ Capital.

Berlin based insurtech platform raised $110m in a second tranche of a Series B at a $1.65m pre-money valuation led by Omers Ventures.

Romania based Fintech as a Service for banks and insurance companies has raised a $14m Series A led by the Digital East Fund of Earlybird...

Brazil based proptech that receives, manages, and leases apartments units for short and long term tenures raised $12m from Redpoint...

Montreal based software that allows merchants to recoup revenue lost from falsely declined transactions, has raised $6m led by Impression...

Kapitus is a digital lender that has provided over $2bn in funding to 40,000 businesses across the US. Ocrolus replaced the Kapitus...

The Wall Street institution fears that if Marcus gets too big its UK operation will face a new compliance burden under rules introduced...

Laundering money through bitcoin is a bad idea—not only because it’s illegal, but also because it leaves a permanent trail. Chainalysis...

HSBC is to bring in a single overdraft rate of 39.9% for UK customers from March 2020, as much as quadrupling the rate it charges some...

Sigma announced core new features and functionality this week as part of its flagship Terminal platform. This comes at a time of global...

Funding to start-ups providing “on-demand” services across the world plunged 22% to $16.3bn in the last 12 months as contract workers and...

In Plaid's new blog post, prospective users of the platform can now easily "meet" some of their customers and discover how Plaid's...

Experian Lift, which will be available to lenders in 2020, enhances predictive performance by 23% when compared to other scores.

The massive data breach disclosed by Equifax in 2017, where a cyber attack exposed the personal data of roughly 148 million people, has...

Tala’s vision is to build an equitable financial system that works for everyone. So far, the company has lent over $1 billion dollars to...

Alternative data, like ash-flow evaluations, win support as path to assess creditworthiness as a change from relying on Equifax and...

San Francisco based business credit cards for emerging markets raised a $5.5m seed round led by BECO Capital and Global Ventures.

FinTech Collective alum acquires Asian media outlet covering regional deal-making for companies and assets based in China.

London based fintech-as-a-service startup has raised an additional $20m at a $1.2bn valuation, just one month after closing a $100m...

Brex has moved its CFO to NYC, Plaid has hired 100 people in the City post the Quovo acquisition, Affirm has opened a NYC office and...

Nasdaq and the NYSE are proposing to let companies raise capital through direct listings on their exchanges, in what could be a cheaper...

San Francisco based cloud lending platform in Africa and Latin America has raised $20m in the first closing of a Series B round led by...

Brazil based SME lender raised $10m led by Kaszek Ventures with participation from Ribbit Capital. The founders previously worked...

FinTech Collective welcomes Brazil based digital lender to the portfolio. The company raised $10m in this round from Monashees and...

Mexico City based lender raised $100m from Softbank, three months after raising $100m in debt financing from Goldman Sachs.

NatWest is a subsidiary of RBS and launched the digital bank Bo on a separate cloud based infrastructure.   

The "SBC Wallet Card" can be used for both fiat and digital assets. The card will be initially available in Japan and has on boarded...

The U.S. dollar has extended its dominance in Venezuela and now accounts for more than half of all retail transactions and three times...

San Francisco based home and student loan financing startup raised another $103m. This comes on the heels of a $120m round in February...

Mexico City based digital lender raised $125m in debt from Goldman Sachs. This is the bank’s third loan to a Latin American FinTech...

London based payday loans startup raised £8m led by Umbra Capital and also secured £200m in debt financing.