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Fintech Investments
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2.6KAnt Financial Ramps Up SEA Capital With $1B Fund
China’s Alibaba affiliate Ant Financial is drumming up $1 billion to fund startups in Southeast Asia and India, Bloomberg reported on Tuesday...
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3.3KAspiration Bank Struggles To Raise More Capital
A digital bank that raised $110 million from investors — including celebrities Leonardo DiCaprio and Orlando Bloom — is suddenly struggling to...
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2.2KAfrica Gains Global FinTech Investor Favor
The potential to bring electronic payments to the continent of Africa, home to 1.2 billion unbanked and underbanked individuals, has been enough...
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2.0KIn India, Digital Payments Firms, Digital Lenders Grab VC Dollars
FinTech investment in India proceeds apace through the last few weeks of the year, with funding rounds extended to digital payments firms...
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2.9KFinTech Rapyd Raises $100M In Series C Led By Oak HC/FT, Stripe
Silicon Valley-based Rapyd has closed a $100 million Series C funding round led by Oak HC/FT and joined by previous investor Stripe,...
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4.3KReport: YTD India FinTech Investments Top $722M
Alt lending, and, of course, digital payments, were top of mind for investors targeting India FinTechs these past few weeks. We take...
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8.5KMonzo’s Valuation Now At £2 Billion
Monzo, a London-based digital bank, has raised £113m in new funding as of this week, bringing the firm’s total valuation to £2...
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3.2KRobinhood Nearing A Valuation Of At Least $7 Billion
Robinhood Markets, the operator of a free mobile trading app, is close to garnering a valuation of $7 billion or more. CNBC,...
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5.4KSureswipe Acquisition Aims To Cash In On Card Machine Growth
A group of investors has acquired Sureswipe, a South African payments company, for an undisclosed amount. The investors were led by Apis...
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4.2KTransferWise Becomes Europe’s Most Valuable FinTech
TransferWise, the U.K. money transfer startup, has raised $292 million in a round of funding, giving it a valuation of $3.5 billion....
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2.4KKOHO FinTech Raises $42M To Fund Growth
KOHO, the Canadian FinTech, announced on Wednesday (May 15) that is has closed a $42 million round of fundraising. In a press...
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7.8KTransferWise Seeks To Raise Up To $300M
Cross-border money transfer startup TransferWise is looking to raise funds and will sell a stake in itself to do so, according to...
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13.0KGrab Talks To Ant, PayPal About Spinning Out FinTech Unit
Grab, the ride-hailing startup, is in discussions with Ant Financial, the payment affiliate of Alibaba and PayPal, about spinning out Grab Financial...
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7.6KLine To Expand Into Payments, FinTech To Avoid Complacency
Line, the Asian messaging company majority owned by Naver, the South Korean Internet search company, is expanding its business into payments and...
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4.3KGrab Financial Gets In SME Lending, Insurance
Grab Financial Group, the Southeast Asia FinTech company, announced Tuesday (March 19) the rollout of SME lending and micro-insurance for drivers in...
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13.2KWhy Not All FinTech Providers Are FinTech Firms
The distinction between firms that offer financial technology and FinTechs needs to be clearer, according to Provenir Managing Director Paul Thomas, and...
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5.5KIn UK, FinTech Fundraising Gathers Steam
Brexit may dominate the headlines when it comes to the United Kingdom, but FinTech funding proceeds apace, and financial backers show a...
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3.9KUK FinTechs Garnered Record VC, PE Investments In 2018
The U.K. FinTech market had a strong showing in 2018, with venture capital and private equity investments hitting $3.3 billion. According to...
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4.2KRaisin Raises $114M To Make Strategic Buys, Expand Internationally
Raisin, the pan-European FinTech that operates a marketplace for savings and investment products, announced Wednesday (February 6) that it raised $114 million in...
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4.6KARK Investment FinTech ETF Tracks Amazon, Square, PayPal
ARK Investment Management has launched its first FinTech-focused exchange-traded fund. The ARK FinTech Innovation ETF (ARKF) began trading publicly on the New York Stock...
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4.6KFinTechs Raised A Record $39.57B In VC Funding Last Year
Financial technology startups were able to raise $39.57 billion in venture funding last year, marking a 120 percent increase from 2017. Reuters,...
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6.2KFinTech Acorns Hits $860M Valuation
Investing and savings startup Acorns has announced a Series E funding round to bring its valuation to $860 million. The $105 million round...
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8.4KWhat’s Behind Plaid’s $2.65B Valuation
One in every four consumers in the U.S. has touched this product. Some of them do so when they register their bank...
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3.9KAnt Financial Fancies Itself As A Technology Services Company
Ant Financial, the Alibaba affiliate, expects its core business will be technology services down the road as it expands beyond only payments....
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6.5KJPMorgan To Open FinTech Office In Silicon Valley
JPMorgan Chase is doubling down with its FinTech aspirations, gearing up to start development of a new FinTech corporate campus in the...
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4.0KEuropeans Trust Mobile Banks Over Traditional FIs
Millions of customers across Europe are placing their money with challenger banks over traditional financial institutions. According to The New York Times,...
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ZestMoney Raises $13.4M, Led By Xiaomi
ZestMoney, a FinTech startup out of India, recently landed a $13.4 million investment led by Xiaomi, the Chinese tech company. According to...
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5.6KMonzo To Reach Unicorn Status With Fresh Round Of Funding
Monzo, the U.K. digital bank, is on track to become the next European FinTech startup to reach unicorn status. According to a...
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4.2KInvestors Have Eyes For B2B FinTech With Gusto, Judo Investment Rounds
Two small business FinTech startups announced Tuesday (July 31) that they have secured big venture capital funding rounds this week. U.S. payroll...
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8.5KKlarna Eyes Expansion, Banking Products As Next Areas Of Growth
Klarna — the Swedish FinTech that gives consumers 30 days to pay for their purchases, letting them return them before actually shelling out...
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3.2KFinTech N26 Metal Card Gets An Update
N26, the FinTech bank startup, is upgrading its N26 Metal card, with a launch happening Wednesday (June 13). According to a report in TechCrunch,...
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4.5KAnt Financial Now Worth More Than Goldman Sachs, Morgan Stanley Or Amex
There are big fundraising rounds, massive fundraising rounds and incredible fundraising rounds. And then there’s raising so much money in a single...
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6.5KWhite Star Capital Pulls In $180M For ‘Transatlantic’ FinTechs
Global venture capital firm White Star Capital has pulled in a second fund of $180 million. According to TechCrunch, the company plans...
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7.8KMorgan Stanley Goes After Brazilian FinTech Market
Taking a page from Goldman Sachs’ book, Morgan Stanley is beginning to lend to FinTech startups in Brazil as it seeks more of...
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5.8KBaidu’s New Firm Gets $1.9B Investment To Compete In China’s FinTech Market
Baidu’s new firm has received $1.9 billion in funding that will enable it to better compete in China’s growing FinTech space. According...
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7.8KGoldman Sachs Buys Personal Finance App Clarity Money
Goldman Sachs Bank USA announced Sunday (April 15) that it has acquired Clarity Money, the personal finance app, for an undisclosed sum....
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7.6KVisa Invests In solarisBank — And Banking-As-A-Service
solarisBank, the first FinTech with a full banking license, raised EUR 56.6 million in a round of funding that included Visa among...
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5.5KJPMC’s FinLab Launches $3M Contest For FinTech Startups
To help identify FinTech products that may improve the financial health of underserved populations in the U.S., the Financial Solutions Lab (FinLab)...
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3.1KUK’s Regulator Warns Banks That Security Won’t Cut It As Excuse To Fend Off Competition
Andrew Bailey, chief executive of the Financial Conduct Authority (FCA), the UK’s financial regulatory watchdog, warned UK banks on Wednesday (Feb. 7)...
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5.2KPetal Launches No-Fee Credit Card For Those With No Credit Score
In a new financing round led by Valar Ventures, Petal raised $13 million in its mission to make credit cards accessible to those...
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7.4KCongress To Turn Up Heat On FinTech Regulation In 2018
A Democrat has some serious advice for Congress when it comes to FinTech. “If we fail to act on FinTech, we are...
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7.7KEx-SoFi CEO Raising $25M For His Next FinTech Move
Mike Cagney, the SoFi founder who was ousted from the company three months ago after allegations of sexual harassment, is already working...
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4.4KSoftBank Plows $120M Into Alt Insurer Lemonade
Japanese tech giant SoftBank is leading a $120 million investment round in home insurance startup Lemonade. According to Bloomberg Technology, New York-based...
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6.7KRevolut To Enable Cryptocurrency Trading
Revolut, the mobile banking startup, announced Tuesday at TechCrunch’s Disrupt Berlin event that it is combining its traditional banking business with cryptocurrency...
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5.3KStock Market Takes To Banks, Retreats From Tech
Merely a rotation – or something more? The tech-heavy NASDAQ slipped in its biggest single-day drop in more than three months on...
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5.8KQuant Taps JPMorgan, Morgan Stanley For U.S. IPO
Quant, a FinTech that has backing from movie stars in China, has tapped JPMorgan Chase & Co. and Morgan Stanley to serve...
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6.7KStartup Bread Raises Funds To Offer Consumers Financing On Big Purchases
FinTech startup Bread, which offers consumer financing on large online purchases, has raised $126 million in a Series B venture capital (VC)...
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4.3KChinese Investments Activity In FinTech, Payments Firms Increases Into May’s End
In activity seen through the very beginning of June, the latest period for which PYMNTS has data, the week that ended on...
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2.9KHong Kong SFC, ASIC In Australia Sign Agreement To Collaborate On FinTech
The Hong Kong Securities and Futures Commission (SFC) and ASIC in Australia announced Tuesday (June 13) that they signed a cooperation agreement...
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8.4KFinancial Services Innovation/Inertia Tug of War
As traditional financial services firms find themselves challenged by FinTech and other upstarts, the choice, when it comes to products, services and...
