9/28/2018 9:27:06 PM Covr Financial Technologies raises $10MM Series A from leading technology venture firms including Al By Sean Lippel Idaho based multi-carrier life insurance platform for financial institutions has raised $10m in Series A funding led by Allianz Life...
9/28/2018 8:50:37 PM Payment for Order Flow By FinTech Collective Bloomberg describes how the practice of payment-for-order flow works, who the key players are, and how regulators currently view the...
9/28/2018 8:43:54 PM Amazon Will Consider Opening Up to 3,000 Cashierless Stores by 2021 By Gareth Jones Shoppers use a smartphone app to enter the store. Once they scan their phones at a turnstile, they can grab what they want and then walk...
9/28/2018 8:34:22 PM Robinhood’s Exceptionally Clever Business Model = Arbitraging Privacy By FinTech Collective Though Robinhood does make revenue from interest on deposits and its premium subscriptions, most of its revenue appears to come from...
9/28/2018 8:27:11 PM P2P lender Funding Circle closes flat in London By Gareth Jones It was a positive, if not stratospheric, debut. After raising £300 million in its IPO, Funding Circle’s stock (trading under FNIG.L)...
9/28/2018 8:21:56 PM Insurance startups have raised billions as industry players fight tech disruptors By Gareth Jones A survey by Willis Tower Watson Securities showed that in Q2 insurance technology investments totaled $527 million in 71 deals. As...
9/28/2018 8:13:39 PM India Strikes Uncomfortable Balance on Biometrics By Gareth Jones India's supreme court has ruled that the private sector can not use Aadhaar, the govt. controlled biometric database, blowing up the...
9/28/2018 8:04:21 PM Robinhood releases an official statement, says they do not sell customer information By FinTech Collective Robinhood felt the need to clarify that exchanges and liquidity providers must compete to fill orders at the best price, which ultimately...
9/28/2018 7:49:07 PM New funds from Revolut and Plum will appeal to smartphone generation By Gareth Jones Revolut and Plum have their sights set on disrupting the wealth management industry with cheap and easy-to-use investments that suit...
9/28/2018 7:44:49 PM JPMorgan’s $11bn fintech bazooka - Scale of bank’s spending on fintech has spooked some rivals By Gareth Jones Good FT interview with Marianne Lake at Chase. This is also smashing news for start-ups as Celent forecasts that spending on technology...
9/28/2018 4:14:22 AM SEC, CFTC charge Bitcoin Futures firm 1Broker with Securities Law violation By Sean Lippel 1Broker, as well as its CEO Patrick Brunner, has been charged with selling security based swaps to US and international investors without...
9/28/2018 3:48:10 AM Bitmain by the numbers: an insider look at a Bitcoin Mining Empire By Sean Lippel The 438 page prospectus for Bitmain's Hong Kong IPO shows that while revenue has exploded to $2.8b in 2018 alone so far, margins have...
9/28/2018 3:31:53 AM Funding Circle cuts price range for London IPO By Sean Lippel The p2p lending platform's float is testing public investors current appetite for alternative finance. This week, the UK SMB lender has...
9/27/2018 2:03:02 PM Vestwell Works with Dimensional Fund Advisors to Optimize Retirement Income Planning By FinTech Collective Portfolio company Vestwell has integrated Dimensional's My Retirement Income Calculator into its advisor and participant portals. The...
9/27/2018 1:48:35 PM Real estate platform Compass raises $400 million from SoftBank, others, at $4.4 billion valuation By FinTech Collective NYC based real estate brokerage platform has raised $400m in venture financing at a $4.4b valuation from SoftBank's Vision Fund, Qatar...
9/27/2018 1:33:16 PM Stripe is now valued at $20B after raising another $245M led by Tiger By FinTech Collective San Francisco based payment processor raised a $245m venture financing from Tiger Global, valuing the startup at $20b.