FinTech startup Bread, which offers consumer financing on large online purchases, has raised $126 million in a Series B venture capital (VC) funding round. Forbes reported news that Bread is one of the FinTech startups that wants consumers to ditch their credit cards and instead...
In activity seen through the very beginning of June, the latest period for which PYMNTS has data, the week that ended on June 9 saw a lag in activity with no reported transactions. But the previous week, which ended the month of May, saw $262.6...
The Hong Kong Securities and Futures Commission (SFC) and ASIC in Australia announced Tuesday (June 13) that they signed a cooperation agreement that provides a framework to support and understand financial innovation in each economy. According to a report covering the announcement, the agreement builds...
As traditional financial services firms find themselves challenged by FinTech and other upstarts, the choice, when it comes to products, services and even culture, is to change or steer the course. But, as John Epperson, principal at Crowe Horwath LLP, and Jason Henrichs, MD at...
Mobile money messaging app Plynk has secured €25 million in a new venture capital funding round — one of the largest Series A funding rounds in Irish history. According to RTE, the new venture capital round was led by private investment trust Swiss Privée Ltd. Dublin-based...
Startup Stem has raised $8 million in a venture capital funding round that it will use to build tools to enable music artists to get paid for their work in an easier and more efficient way. TechCrunch reports that the funding round was led by...
Mizuho Financial Group, the Japanese financial company, is gearing up to launch a venture in June to create new businesses with FinTech. According to a report in Reuters, Daisuke Yamada, Mizuho’s chief digital innovation officer, said in an interview the company already has around 20...
Equiniti Group PLC, a FTSE-listed FinTech and regulatory services business, announced the opening of its latest regional technology hub — Ada House. According to Finextra, the new hub is located in Exeter’s Pynes Hill business park and expands the company’s footprint in the South West...
On Tuesday, Dubai FinTech company OneGram announced it would offer a gold-backed digital currency called OneGramCoin with the hopes of raising over $500 million in capital. If reached, this target would be the largest raised during an initial coin sale, OneGram CEO Ibrahim Mohammed told...
