Uber rival Go-Jek drives payments push with acquisition of three fintech start-ups
Indonesia's answer to Alibaba and Tencent, ride hailing startup Go-Jek has announced that it is acquiring three startups to expand into...
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Fintech Startups Seek to Shake Up Money Transfer Industry
WSJ profiles newer remittance FinTechs such as TransferWise, WorldRemit, and Remitly, as well as incumbents such as MoneyGram and Western...
Lemonade Announces $120 Million in Funding Led by the SoftBank Group
New York based AI powered homeowners and renter's insurance startup Lemonade has raised a $120m funding round led by SoftBank.
{
The company began offering homeowners and renters insurance in New York in late 2016, and is now licensed by 25 states, home to...…
Bitcoin futures trading starts on the CME exchange
Bitcoin trading has begun on the Chicago Mercantile Exchange, following closely behind the Chicago Board Options exchange. Whereas...
Reonomy competitor Xceligent shuts down, will liquidate amid legal battle with CoStar
The Board for Missouri based CRE data provider, Xceligent, has filed Chapter 7 after completing its annual strategic review. We are...
Vanguard will use blockchain to share index data
The $4.8tn asset manager is launching its blockchain, developed in partnership with CRSP and Symbiont, will enable data to move instantly...
Vestwell visits D.C. to talk 401(k) and tax reform with Congress
Aaron Schumm, CEO of Vestwell, is rightfully concerned about the potential for lawmakers to limit individual 401(k) deductions as a way...
Matt Miller of Embroker - a better way for startups to get insurance
Kruze Consulting features Embroker's CEO, Matt Miller, and a robust discussion about his efforts to automate insurance for startups....
Self-driving finance could turn into a runaway train
While the majority of equity and derivatives trading is no longer conducted by humans, the FT explores some of the pros (e.g. improved...
Property Data Firm Xceligent Files for Chapter 7 Protection
Xceligent, one of the largest commercial real-estate data firms in the U.S., has filed for chapter 7 liquidation following a year-long...
What Conversations About Bitcoin Sound Like to Me
Just a brilliant article from Matt's Yale classmate - well done Ethan!
“Where do bitcoin come from? Easy: computers use a process...
Indiegogo Goes Where Few Companies Dare: Into Initial Coin Offerings
Indiegogo helped take crowdfunding mainstream. Now the company is hoping it can do the same for ICOs (initial coin offerings). Indiegogo...
Avoka Completes $12 Million Capital Raising to Support Growth Plans
Sydney based financial services customer acquisition software provider Avoka has raised a $12m funding round from existing investors.
{
Funds raised will be used to support growth plans now underway in Australia, North America and Europe, with a focus on investment and...…
Veritas Finance raises Rs 120 Cr Series B funding from CDC and Lok Capital
India based micro and small business lender Veritas Finance has raised a Rs 120 crore ($18.7m) Series B led by Lok Capital and CDC Group.
{
Veritas had raised its first institutional funding in April 2016 from Lok Fund II (Sarva Capital) and Caspian Impact Investment Adviser. ...…
CrossBorder Solutions lands $6 mln Series A
New York based corporate tax software provider CrossBorder Solutions has raised a $6m Series A round led by Kennet Partners.
{
The founders of CrossBorder Solutions, Donald Scherer and David Bukovac, already made their mark in the New York tech community and were...…
Cryptocurrency market now worth $500 billion, more than Warren Buffett's Berkshire Hathaway
At the all-time high of $506b at 7:40am on Wednesday, the total market cap of all cryptocurrencies exceeded the market capitalization of...
Europe's banks look to boot out PayPal
In response to the competitive threat in the payments industry from the likes of PayPal and Transferwise (and the upcoming EU second...
Japan's GMO Internet Group Will Pay Thousands of Workers in Bitcoin
Japanese internet service provider GMO is introducing a system for 4,700+ employees to receive a part of their salary in Bitcoin, a move...
QuanTemplate Raises Seed Funding with Anthemis Group and Existing Investors
London based insurance analytics startup QuanTemplate has raised a £2.5m Seed Round led by Anthemis Group.
{
The global insurance market is worth £2.8 trillion globally, representing around 7% of global GDP. Despite spending an estimated £95...…
Commerce platform iZettle raises $47M at a $950M valuation
Stockholm based mobile POS payment provider iZettle has raised a €40m Series D at a $950m valuation led by Dawn Capital and Fourth...
Pimco Goes Small to Get Big in Private Equity
Artivest has entered into a partnership with PIMCO enabling financial advisors to pool client funds into PIMCO's suite of alternative...
Will 2018 Be the Year of the Bank of Amazon? Experts Weigh In
Industry experts from Bain Capital Ventures, General Catalyst, Menlo Ventures, and more weigh in on key fintech trends to watch in 2018....
Brazilian startup Creditas is revolutionizing credit in the world’s third largest lending market
São Paulo based online secured lending platform Creditas has raised a $50m Series C round led by Vostok Emerging Finance.
{
So far, the company has originated about $100 million in collateralized loans. Furio’s company charges anywhere from 17 percent to 25...…
BitGo Raises $42.5M, Without An ICO, For Crypto Security
Palo Alto based Bitcoin security platform BitGo raised a $42.5m Series B round led by Valor Equity Partners at a $42.5m valuation, up...
U.S. Bitcoin Futures Climb in First Day of Trade
A major milestone in crypto occurred earlier this week - the first U.S. Bitcoin futures began trading on an exchange run by Cboe. ...
Startup Affirm Gets Investment from GIC and a Valuation Nearing $2 Billion
San Francisco based consumer lending company Affirm has raised a $200m funding round led by GIC at a valuation between $1.5b-$2b, from...
Building a Delightful Consumer Experience
Diwakar Choubey, Founder and CEO of MoneyLion talks about how fintech platforms such as MoneyLion are built to focus on consumers first...
Ebay is 'seriously considering' accepting bitcoin
Weeks after Square rolled out crypto transactions to more users, another large retailer appears to be eying an entry into the burgeoning...
Maxwell Closes New Funding Round to Accelerate Pace of Mortgage Innovation
Denver based B2B digital mortgage software provider Maxwell Financial Labs has raised a $3m funding round led by Anthemis Group.
{
According to the Mortgage Bankers Association, the costs to originate a mortgage have skyrocketed 80% in the last 7 years. The national...…
LUX Fund Technology and Solutions Inks $6M Series A
New York based alternative asset industry technology solutions provider LUX Fund Technology and Solutions has raised a $6m Series A round...
Make your money roar with Tim Hong and Moneylion
After launching MoneyLion Plus a new solution that gives consumers ongoing access to a 5.99% APR loan plus helps them grow their savings...
Not all account aggregation service providers are created equal. Here are 5 questions you should be asking providers before choosing.
Lowell Putnam, CEO of Quovo highlights 5 questions you should ask your aggregation partner including: Do you aggregate all of your data...
What happens when bitcoin’s market cap overtakes world GDP?
A thought provoking piece by the FT - Unlike any other market in the world, there are no natural sellers in bitcoin. Even the miners who...
MishiPay raises £1.6M led by Nauta Capital for its mobile self-checkout technology
London based mobile self-checkout startup MishiPay has raised a £1.65m Seed Round led by Nauta Capital.
{
The tech itself has been two years in the making and has been successfully trialled in four countries, and Khanwala says the startup is...…
Yale Professors Race Google and IBM to the First Quantum Computer
NYTimes profiles Robert Schoelkopf and Quantum Circuits, as well as quantum research being conducted at Google, Microsoft, and IBM....
Happay Raises $10 Mn Funding From Sequoia, Axiom Capital, Others
Bengaluru based business expense management startup Happay has raised a $10.1m Series B round led by Sequoia Capital India.
{
As per filings with the Ministry of Corporate Affairs (MCA), the investment was raised last month, against the allocation of 6,294...…
Coinsquare Raises $10.5 Million Series A
Toronto based crypto trading platform Coinsquare has raised a $10.5m Series A led by an undisclosed global asset manager.
{
goNumerical-owned Coinsquare, a Toronto-based cryptocurrency platform for buying and selling bitcoin, has raised a $10.5 million Series A...…
Earny, The Automated Consumer Advocate Service, Raises $9 Million In Series A Funding
Santa Monica based personal finance startup Earny has raised a $9m Series A led by Mayfield with participation from Comcast Ventures.
{
As a leading consumer advocate service, Earny automatically gets hundreds of thousands of shoppers money back on almost every item they...…
Compass gets $450M from SoftBank; real estate portal now valued at $2.2B
New York based real estate platform Compass has raised a $450m funding round from SoftBank.
{
New York-based Compass is now valued at $2.2 billion post-money, up from $1.8 billion just four weeks ago, with $775 million raised to...…
Mswipe raises $10 million from DSG Consumer, B Capital
Mumbai based mobile POS startup Mswipe has raised a $10m Series D round led by B Capital Group and DSG Consumer Partners.
{
Mswipe is an independent merchant acquirer and payment services provider based out of Mumbai. It makes mobile PoS (mPOS) devices for...…
Design a stock option plan with benchmarks for every role
What a useful tool! Thank you Index Ventures who analyzed over 4,000 option grants from more than 200 startups across the US and Europe -...
Are You a Credit Risk? Indian Banks Dig Deep in Your Phone to Find Out
Lenders are mining data on customers’ smartphones to help assess their risk for loans in a potentially huge market. Portfolio company...
The Trump Treasury’s Disturbing Regulatory Turn
It would give The FSOC, a Dodd-Frank agency, powers that even the Obama administration thought too dangerous.
{
The FSOC—a council of federal financial regulators chaired by the Treasury secretary—was in many ways the heart of Dodd-Frank. The...…
Hank Greenberg backs funding round for AI underwriting start-up
Former AIG CEO Hank Greenberg, has backed a funding round for Cytora, a start-up aiming to revolutionise the industry by using artificial...
Lending Club shares plumb new depths
Shares in Lending Club dropped to a record low this week as it cut guidance for profits, overshadowing the company’s first investor day...
ASX Says Yes: Stock Market to Settle Trades with DLT
The Australian Securities Exchange is set to be the first mainstream exchange in the world to adopt a blockchain-based system as it will...
Affirm Is Said to Be Raising Funding at $1.5 Billion Valuation
The San Francisco-based startup is discussing an investment of about $150 million. The deal would value the company at $1.5 billion,...
Uber Really Wants You to Use Its Credit Card
Uber's new credit card features higher cash back and rewards than many premium offerings from banks - and a privacy policy stating that...
Square is unleashing crypto onto more of its Cash App users
In a step that brings Square closer to competing with the likes of Coinbase, the company is expanding the number of users who are...
BitPay to raise $30M for its bitcoin payments platform
Atlanta based merchant bitcoin payments processor BitPay has raised a $30m funding round led by Aquiline Capital Partners.
{
For consumers, BitPay introduced a prepaid Visa debit card in 2016 that allows users to load its balance with bitcoins from any wallet....…
Zego picks up £6M Series A led by Balderton for its gig economy worker insurance
London based gig economy insurance startup Zego has raised a £6m Series A led by Balderton Capital.
{
Unlike traditional insurance, which can work out prohibitively expensive as a proportion of income for food delivery drivers who may only...…
Aruba Looks to Ethereum to Boost Tourism
Aruba is working with Swiss startup Winding Tree on a blockchain solution to disintermediate travel agencies such as Expedia and...
WorldRemit raises $40 million to push its money-transfer service into new markets
London based money transfer startup WorldRemit has raised a $40M Series C round led by LeapFrog Investments.
{
This takes the company’s total funding to $220 million, including a $100 million round in early 2015 and a $45 million debt round a year...…
Morgan Stanley is using a robo to attract younger customers
Morgan Stanley's hybrid robo offering is priced at a 35 bps annual fee, below Merrill's 45 bps but higher than Betterment and Wealthfront...
NYC Emerges As The Capital Of Insurtech
Forbes discusses the ways NYC has differentiated itself as a hub for insurance technology. Key advantages include the city being...
Revolut merges mobile banking with cryptocurrency trading
The $90m-funded digital first bank is trying to erase the divide between merging traditional banking and cryptocurrency by letting its...
Bitcoin miner: 'I haven't paid for heat in three years'
With the price of BTC continuing to explode, some experimenters are choosing to buy equipment from Chinese based Bitmain to mine the...
CBOE to start trading BTC futures next week
CBOE will be the first to start trading in Bitcoin futures on December 10th, giving the venue a week of exclusivity before CME contracts...
Nations best places to work
Congrats to Chris Grewe and the APDS team for being named one of the most admired company cultures by its employees.
{
All week Comparably, a compensation, culture and career monitoring website, has exclusively published "Best of" lists with USA TODAY,...…
Future Proofing Your Practice
Lowell Putnam, CEO of Quovo, was featured on Folio Institutional's Expert Interview series discussing the importance of account...
Carson, Duran, Kitces on the Biggest Tech Stories of 2017 (and Beyond)
Quovo has been named the "Most impressive development of 2017" by Ron Carson in a ThinkAdvisor feature on the year's biggest FinTech...
Tools to tackle your own savings crisis
CNN recently featured portfolio company MoneyLion in a profile of tools that help people take control of their own savings. The...
The Private Tech Board Crisis and What to Do About It
Whilst the author does not recommend building 20-person boards, adding a few directors with experience in other boardrooms, who are...
Most Big Private Tech Firms Fall Far Short on Governance
The Information released a ranking of board governance practices of 30 private tech companies based on board makeup, shareholders rights,...
Chinese AI Facial Recognition Firm CloudWalk Technology Raises 75M Series B Round
China based AI facial recognition firm CloudWalk Technology Co. raised a $75m Series B led by Shunwei Capital and Oriza Holdings.
{
China’s AI facial recognition sector has seen a flurry of investment deals recently. Less than a week ago, CloudWalk Technology’s...…
Digix gets $1.3m seed funding to turn gold into cryptocurrency
Singapore based platform for trading gold-backed digital tokens Digix raised a $1.3m seed round led by Global Brain and Fenbushi Capital.
{
By tokenizing gold bullion, Digix is aiming to create a cryptocurrency that can provide more stability for investors. Unlike the majority...…
PayStand Secures $6M Series A Funding to Disrupt B2B Financial Services Industry
California based B2B payment platform PayStand raised a $6m Series A led by BlueRun Ventures.
{
PayStand will use this new round of funding to scale its account receivable systems, and launch a new free accounts payable product line,...…
Libra Raises $7.8 Million in Series A Round
New York based blockchain technology provider Libra has raised a $7.8m Series A led by a family office.
{
“Libra’s vision is to be the premier provider of next generation accounting, audit, and tax software and data services for the blockchain...…
Uber Signs First Southeast Asian e-Wallet Deal With Vietnam's MoMo
The deal is Uber's first e-wallet partnership in Southeast Asia, home to 600 million people, and could help the firm catch up with main...
The Taxman Cometh -Coinbase ordered to give the IRS data on users trading more than $20,000
The IRS requests cover around 10,000 Coinbase accounts with court documents noting that only 800 to 900 taxpayers reported gains related...
Bitcoin Futures Set to Start Trading as Regulator Gives Thumbs Up
The U.S. Commodity Futures Trading Commission (CFTC) said it would allow the CME and CBOE, two major Chicago exchanges, to launch bitcoin...
Ireland’s stock exchange sold for the same amount as a Wall Street banker’s salary
As pointed out by Quartz, making money by running a stock exchange, is more difficult than it used to be. The investment banking industry...
Global Crypto-Currency Crackdown Sparks Search for Safe Havens
In response to national regulators that are scrutinizing initial coin offerings, many blockchain entrepreneurs hoping to raise funds in...
China fintech lending boom fuels risks of data theft
As lending apps require users to grant them access to contacts, location, stored files, and other mobile data as part of their T&Cs,...
TechCrunch founder Arrington raising $100m XRP fund
One of the highlights of the CoinDesk's Invest Conference was the announcement of Arrington XRP Capital, the first crypto fund that will...
Building a Modern Retirement Plan Offering
Aaron Schumm, Founder & CEO of portfolio company Vestwell recently spoke with the Institute for Innovation Development about...
How a Small Bet on Tencent Made an African Firm One of the World’s Most Valuable
Naspers, the little known media and internet firm based in South Africa, is now the 65th most valuable company in the world. It's...
Finance Pros Say You’ll Have to Pry Excel Out of Their Cold, Dead Hands
Finance pros fluent the language of Excel's formulas, macros, and general functionality rely on the software so heavily that separating...
RBS to shut 259 more branches amid shift to digital
Royal Bank of Scotland announced it is also cutting 680 jobs and will use the savings to invest heavily in its smartphone offering, which...
U.S. regulator says it will allow CME Group, CBOE to list bitcoin futures
The CFTC has allowed the CME and CBOE to list bitcoin exchanges by year end after they were able to show their proposed contracts and...
Coinbase has more users than stock brokerage Schwab
Coinbase has more than doubled its number of users in just 12 months, adding 300k users in the last week alone. At the...
Finance Pros Say You’ll Have to Pry Excel Out of Their Cold, Dead Hands
An article about executives threatening to drop the spreadsheet software stirred up a tempest soliciting tweets like "You can have my...
Fintech company Deposit Solutions raises $20 million from existing investors
Hamburg based open banking platform provider Deposit Solutions has raised a $20m funding round led by e.Ventures and Greycroft.
{
The new funds will be used to grow the Hamburg-based company’s Open Banking platform for savings deposits for both B2B and B2C services,...…
APEXX reels in $4 mln
London based global payments marketplace APEXX has raised a $4m seed round led by Forward Partners.
{
The global APEXX network is made up of payment service providers and banks which helps merchants to reduce the cost of cross border...…
Forbes recognizes Yale affiliates in ‘30 Under 30’ issue
Jason Guss, cofounder of portfolio company Octane Lending has been recognized in Forbes Magazine's latest "30 Under 30 Finance" edition....
State Street veterans launch cryptocurrency trading platform
The cyrptocurrency trading platform for institutional investors will aim to work with exchanges, OTC venues, and fund accountants to fill...
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