Line, the Asian messaging company majority owned by Naver, the South Korean Internet search company, is expanding its business into payments and other FinTech services. In an interview with the The Financial Times, Shin Jung-ho, the founder of the company said Line is expanding into...
Grab Financial Group, the Southeast Asia FinTech company, announced Tuesday (March 19) the rollout of SME lending and micro-insurance for drivers in Singapore as part of its “Grow with Grab” roadmap. In a press release, the company said its “Grow with Grab” roadmap is aimed...
The distinction between firms that offer financial technology and FinTechs needs to be clearer, according to Provenir Managing Director Paul Thomas, and agility and forward-thinking are among the key differentiators. Here’s how financial tech companies can do more than just “talk the talk” when it...
Brexit may dominate the headlines when it comes to the United Kingdom, but FinTech funding proceeds apace, and financial backers show a continued sanguine attitude about the space. In news that came from across the Pond, two U.K.-based FinTechs said they have garnered more than...
The U.K. FinTech market had a strong showing in 2018, with venture capital and private equity investments hitting $3.3 billion. According to Innovate Finance, that marked an 18 percent year-over-year gain. In a press release, the industry trade group said that private equity investments in...
Raisin, the pan-European FinTech that operates a marketplace for savings and investment products, announced Wednesday (February 6) that it raised $114 million in venture capital funding, bringing the total amount it has raised to $200 million. In a press release announcing the Series D round of...
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 Exchange Arca on Monday (February 4). It invests in equity securities of companies that ARK believes are shifting financial services and economic transactions to technology...
Financial technology startups were able to raise $39.57 billion in venture funding last year, marking a 120 percent increase from 2017. Reuters, citing data from CB Insights, reported the funding was on a global basis and was raised via 1,707 deals. The number of deals...
Investing and savings startup Acorns has announced a Series E funding round to bring its valuation to $860 million. The $105 million round included Comcast Ventures, NBCUniversal, Bain Capital Ventures, BlackRock, TPG’s Rise Fund, DST and Michael Dell’s MSD Capital. NBCUniversal, now Acorns’ largest shareholder, will...
