Why Blockchain Is Important to the Equity Swaps Market
Greg Schvey, CEO of portfolio company Axoni was on Bloomberg TV speaking about how blockchain technology can be applied to the equity...
Greg Schvey, CEO of portfolio company Axoni was on Bloomberg TV speaking about how blockchain technology can be applied to the equity...
PayPal is moving into the crowded roboadvisor space via a partnership with Acorns. Paypal will integrate Acorns microinvesting and...
The company's debit card and current account products allow users to load fiat currencies onto their Gilt account to buy portions of gold...
New York based data analytics platform First Access has raised a $7m Series A round led by Bamboo Capital Partners.
The fourth-generation First Access platform is now live for select financial institutions. This will be extended across other regions...…
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...…
Netherlands based IoT startup Moeco has raised a $5m funding round led by Bitfury.
“Moeco’s goal is to ‘uberize’ IoT connectivity by delivering data to the right place in a secure way and making sure the gateways are...…
The pilot was managed by Axoni and executed on AxCore, Axoni’s distributed ledger software. A continuation of an initial proof of...
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...…
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...…
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...…
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...…
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...…
BofA, JPMC, Wells Fargo and Amex have created a company called TruSight to standardize the work of vetting third party suppliers and...
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...…
US equity exchanges increasingly depend on charging for data in a world of rapid-fire automated trading. A recent report from Healthy...
A string of natural disasters from Hurricane Harvey in the US to earthquakes in Mexico have left the insurance industry facing one of its...
CEO of Temple Grange, Eoin O’Shea, said the idea grew out of his frustration at not finding the regulatory and compliance specialists he...
Transferwise said its revenues more than doubled to £67m in the year to 31 March while its losses before tax fell to just £338,000,...
But it's not easy - The 2014 acquisition of the digital bank Simple, by BBVA, valued Simple at $117m. Almost $90m of goodwill impairments...
Consumers need to be in control of their financial data, a Federal Reserve official said this week, wading into a continuing debate about...
AXA, the French insurance giant, has set its sights on expanding its finance team’s big data expertise in 2018. AXA, of course, already...
The trial will allow 10,000 of the bank's customers to see greater detail in their transaction history and bridge the gap between a...
The city, under the leadership of Mayor Sergey Sobyanin has invested $600m a year to expand its smart city initiatives, boasts 100...
The available funding was announced during the Singapore FinTech Festival, part of a four month initiative that seeks to pair FinTech...
California based B2B payment platform PayStand has raised a $6m Series A led by BlueRun Ventures.
Users embed payments into their apps, websites and invoices, funneling revenue into a seamless digital network that supports traditional...…
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...…
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...…
Betterment's new feature will allow customers to select how much to donate, and the company's algorithms will fund it with the higher...
Standard Chartered has announced that it will launch a chatbot powered by Kasisto to help clients manage money, make payments, and...
Portfolio company Quovo has teamed up with Apex Clearing Corp to allow quick transfers of portfolio assets from one custodian to another,...
The spread between 2 year and 10 year Treasury maturities has tumbled to 10 year lows. Bloomberg attributes it to the Fed and...
In the last twelve months, the SEC has sought the smallest amount of penalties since 2013, as the agency went months without permanent...
Despite the request by exchanges to postpone the start of CAT (Consolidated Audit Trail), SEC has said exchanges must begin providing...
Portfolio company Neighborly has announced the launch of Neighborly Investments, a tech-powered investment manager to deliver tailored...
Though bitcoin mining machines are typically cooled by blowers, two clever entrepreneurs from Siberia hope to utilize the heat to warm...
New York based real estate listings platform Compass has raised a $100m funding round led by Fidelity Investments, IVP and Wellington...
Alibaba consumers from 192 countries spent the first hour of Singles' Day purchasing at a rate of 256,000 transactions per second....
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...…
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...…
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...…
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...…
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...…
Though Alibaba generated $17.7 billion of gross sales during last year's Singles' Day, the e-commerce giant and its competitors will face...
China will allow foreign companies to control up to 51% of local firms providing financial services (from 49%), a move that is set to...
Citigroup estimates that Singles' Day in China could generate $24b in sales this Sunday - approximately 6x the roughly $6b in sales...
Portfolio company Vestwell has announced the creation of a new advisory board to provide guidance and advice as the firm grows past its...
Portfolio company Reorg Research has been ranked 82nd in Deloitte's 2017 Technology Fast 500. The ranking recognized the fastest...
In a statement underscoring the fundamental shift in skills important to financial services firms today, the CEO of Societe General said...
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...…
After raising a $66m Series B in July, mobile banking company Revolut has announced its intention to obtain a European banking license,...
Singapore based automated trading platform AlgoMerchant has raised a $2m funding round led by East Ventures.
During a nine-month long beta test period, the company claimed to have worked with “over a thousand” traders. Amongst a variety of...…
The first signs of how a massive data breach affected Equifax’s business were revealed in the company’s quarterly earnings report. Sales...
An estimated $280M worth of ether is locked up because of one person's mistake. An unidentified user accidentally deleted the code...
SEC Chairman Jay Clayton said so-called initial coin offerings in many cases looked like securities, raising the prospect the agency will...
A new integration to simplify payments for hundreds of thousands of SMBs has been announced between Worldpay and Xero. As part of this...
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...…
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...…
Lonon based digital bank Monzo has raised a $93m led by Goodwater Capital.
Monzo has signed up more than 400,000 customers since it was founded in 2015 and says it is increasing that total by 5 percent a week. ...…
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...…
Snapchat disclosed this week that China's Tencent recently bought roughly $2B in Snap stock. As Bloomberg points out It's hard to imagine...
Bank of the Ozarks wanted to cut costs, so it ditched the Fed! To do it the bank shed its holding-company structure, an umbrella...
The rise in Bitcoin's price means the former CEO of Mt. Gox could be in for windfall of hundreds of millions of dollars after paying off...
SoFi is ditching some of its most ambitious initiatives “pulling back” on plans to expand into Canada and Australia and asset management...
Deloitte claims in a new study that over 26,000 new blockchain-based projects were launched on GitHub in 2016. The report "Evolution of...
Alibaba and Tencent, through affiliates, are already providing small-scale digital insurance such as drone accidents and flight delays....
UK based predictive analytics startup WePredict raised a $4m funding round led by Munich Re.
WePredict said its initial product targets the automotive industry, particularly original equipment manufacturers, but it will have wider...…
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...…
We are super proud of MoneyLion team's new product launch of MoneyLion Plus, a first-of-its-kind offering that combines guided saving,...
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...…
With over 1,100 digital currencies listed on various exchanges, Coinbase's GDAX has published a wide range of criteria that currencies...
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...…
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...…
Matt Burton (CEO) and Bill Ullman (CRO) have struck a deal to bring Orchard data and insights from the fast-growing online lending...
Bitcoin is predicted to fork again on November 16th, and CoinDesk has published a comprehensive guide to understanding the upcoming...
As Bitcoin prices pass $7k, Credit Suisse CEO Tidjane Thiam has said that the cryptocurrency market is clearly in a bubble. He...
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...…
$6b ride-hailing company Grab, with a strong presence in seven markets across Southeast Asia has announced a payments platform similar to...
In an effort to dutifully track Amazon's every move, several news outlets are speculating on the e-commerce giant's entry into...
The current likely Federal Reserve Governor pick, Jerome "Jay" Powell, looks to be a positive development for fintech and cryptocurrency,...
Financial services giant ING, #13 on the Fortune 500, has launched a €300m fund aimed at investing in fintech companies. The fund...
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...…
Seattle based international remittance company Remitly has raised a $115m Series D round led by PayU, a division of internet conglomerate...
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...…
In the latest trend towards full-stack fintech companies, UK prepaid card provider cashplus is seeking to receive a full banking license....
After originating £1.6bn in invoice financing for UK businesses, MarketInvoice is launched a standalone business loans service. The...
The Monetary Authority of Singapore has published a comprehensive plan to make Singapore a leading international financial center - with...
In anticipation of the broad employment changes in the financial industry, professionals are increasingly using platforms like Lynda...
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...…
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...…
The IMF has published a transcript from Ripple's "Central Bank Summit" discussing the IMF's thoughts on trends in fintech, and how...
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...…
A recent survey by Greenwich Associates indicates that as much as 75% of banks will explore or implement AI in their equity research...
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....…
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...…
As a free user, you can like posts.
To repost this post to your own Passle blog, you will need to upgrade your account.
For plans and pricing, please contact our sales team at sales@passle.net