Investing in FinTech — there’s a new index for that. Keefe, Bruyette & Woods said last week that it has struck a deal with stock exchange Nasdaq to debut a publicly traded index focused solely on financial services companies. Known as the KBW Nasdaq Financial...
London FinTech startup Revolut announced that it raised a $10 million (£7.75 million) Series A funding round to help improve the way people spend and send various types of currencies across the world. On Monday (July 11), TechCrunch reported that, of the £7.75 million funding...
It's a good time to be a retailing or tech giant — or a combination of both. Walmart says it’s found traction in mobile payments, Samsung grows profits ... but smaller and once nimbler players in FinTech are hitting air pockets, cutting staff and valuations.
Australian FinTech startup Airwallex secured $3 million in its pre-Series A funding round, led by Alibaba’s venture capital fund manager, Gobi Partners, ZDNet reported on Tuesday (July 5). The firm said its new capital will be used to grow its development teams in both Melbourne...
The week is getting off on just the right foot for the folks over at Plaid Technologies, who are announcing $44 million in new funding. San Francisco-based Plaid was founded in 2012 with the vision of making the world a better place for FinTech firms...
Capital Float, an India-based FinTech startup aimed at helping SMBs gain access to loans, announced on Thursday (May 12) that it closed a $25 million Series B funding round. The new injection of capital brings Capital Float’s total funding raised so far to about $42...
Down rounds are up, while mature firms are getting a bit more scrutiny. This is the world of the unicorn, according to recent data, even while some public peers crash and burn.
Getting millennials to embrace “traditional” financial services isn’t easy, particularly as a new crop of FinTech innovators has met more than halfway with apps that offer traditional financial services and transacting in an environment that they are most familiar with – digital and not physical...
Remitly, one of the fastest-growing remittance services, has hit a new milestone with over $1 billion in annual transfers. The startup’s fast-paced growth comes against intensifying competition among FinTech startups, like PayPal’s Xoom, TransferWise and WorldRemit, which are striving to cut themselves a bigger share of...
