Creditas Soluções Financeiras, a Brazilian FinTech firm focused on low-interest secured consumer loans, has obtained $19 million in funding that will allow it to provide borrowers with funds for one-fourth of what they pay to domestic lenders. This new round of Series B funding comes...
While much has been said and written about the power of technology and its its power to build a better world, clearcut examples in the wild are harder to find. FinTech has the power to do a lot of good — no one argues that....
IoT’s slow adoption by consumers is not deterring investment in industry startups. Sigfox has established partners and clients in 24 markets. Its scale advantages and innovative network has attracted investors, and the latest funding round could reach $200 million with a valuation of Sigfox of...
An uptick in technology IPOs is expected after recent cyber security attacks have followed a period of dearth in technology investment. Carbon Black, Inc. privately filed with the SEC with Morgan Stanley and J.P. Morgan Chase as lead investors.
The crowdfunding platform OurCrowd announces that it has raised $72 million but expects the final amount to be close to $100 million. According to Crowdnetic, this is the largest pure equity investment in a crowdfunding company.
Investor appetite for fintech start-ups has waned recently while concern for cybersecurity is growing. While PwC reports cybersecurity as the fourth greatest health issue in 2016, the KPMG Fintech reports for Q2 shows investment to VC-backed fintech deal activity fell to a five-quarter low in...
TechCrunch reports that, while the accelerator investment model has been used in tandem with other strategies (by marquee names, such as Barclays), as an adjunct to “main” investment initiatives by tech firms, a London-based company is “taking a different tack.” Octopus Investments is debuting its Octopus...
Banks and financial firms are forging ahead in the FinTech market, with many either partnering with startups or creating their own businesses from scratch. One financial company that is expanding its FinTech efforts is USAA, the insurance, banking and investment firm geared toward the military,...
In looking ahead at the near-term emergence of FinTech markets, the U.S. Department of Commerce’s International Trade Administration said in its “2016 Top Markets Report Financial Technology” that Asia will hold sway over other regions. According to the report, China will be the biggest export market for...
