News by FinTech Collective

News by FinTech Collective

News by FinTech Collective Archive

A Missing Piece in China’s Economy: Consumer Credit Ratings

A lack of a single accepted standard, like FICO, is hampering access to credit for some 500 million potential Chinese borrowers.

That’s not good for China’s economy, as the government looks to consumer spending to provide more of the fuel for growth. And, as a rash...…

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The return of the stock picker

The FT's big read this week explores the return of the stock picker after a decade where Index funds have outperformed most equity managers.

But the skies are brightening. In the year to June 2017 over half of all US equity mutual funds outperformed their benchmarks, according...…

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SAP acquires Gigya

Germany based enterprise software giant SAP is reported to have purchased customer identity firm Gigya for a reported $350m. Gigya today...

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Chime raises $18m Series B

San Francisco based fee-less mobile bank Chime has raised $18m in Series B funding led by Cathay Innovation. Without monthly fees or...

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AICoin raises $3m ICO

Geneva based cryptocurrency investment vehicle AICoin has raised $3m through an initial coin offering. AICoin works as a collective...

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Utrust raises $3.5m ICO

Portugal based blockchain payments company Utrust has raised $3.5m in their Initial Coin Offering. UTRUST is the world’s first...

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Luno raises $9m Series B

London based cryptocurrency advisor Luno has raised $9m in Series B funding led by Balderton Capital. Luno makes it safe and easy for...

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Branch raises $2m

San Francisco based mobile lender for emerging markets Branch has raised $2m in debt financing from Nabo Capital. Branch eliminates the...

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Raise secures $50m Series C

Chicago based online gift card marketplace Raise, who acquired portfolio company Slide, has secured $50m in Series C funding led by Accel...

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Google "accepts" Bitcoin with payment API update

In theory, the new functionality allows anyone that uses Google's Payment Request API to now accept bitcoin in their online stores.

According to Gaundry, the new functionality that enables bitcoin payments is meant for accepting future payment methods that don’t fall...…

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PayJoy raises $6m funding

San Francisco based smartphone-enabled consumer financing platform PayJoy has raised $6m in an undisclosed financing round led by...

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Aventus raises $20m in ICO

London based blockchain ticketing platform Aventus has raised $20m through their Initial Coin Offering. Aventus, which has been dubbed...

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Neyber secures £100m

London based lending platform Neyber has received a £100m investment from Goldman Sachs. Neyber, founded in 2014 and launched in 2015,...

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Equifax CEO: ‘We will make changes’

Equifax's CEO and chairman Richard F. Smith has released a statement regarding the company's massive cybersecurity breach. 

Last Thursday evening we announced a cybersecurity breach potentially impacting 143 million U.S. consumers. It was a painful announcement...…

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SoFi CEO Cagney to step down

As the company attempts to move on from the allegations of inappropriate behavior towards women, Mike Cagney will step down as chairman...

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