News by FinTech Collective

News by FinTech Collective

News by FinTech Collective Archive

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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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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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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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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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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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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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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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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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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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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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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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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