PYMNTS

DECEMBER 17, 2020

N26 , a German FinTech, is looking to do at least one more funding round before going public in 2023 at the earliest, and eyeing breaking even on an operating level in 2021, Reuters reported. N26 was valued at $3.6

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Fintech Meeting Report Capital 183

PYMNTS

JUNE 15, 2018

In addition, corporate clients will be able to apply for working capital loans and make vendor and salary payments. In Africa, the biggest private bank in Kenya, CBA, has cemented a partnership with a FinTech there, Ennovative Capital, a Kenyan firm that licenses software to boost payments speeds.

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Fintech Compliance Software Taxes 115

PYMNTS

APRIL 30, 2018

In an interview in 2013 , Founder and then-CEO Renaud Laplanche boasted that incumbent banks like Chase were “like Blockbuster Video” in a world in which tech and new lending models like LendingClub’s would bury them. Take Goldman Sachs and Marcus. Marcus is a digital consumer platform that includes lending and deposit-taking.

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Fintech blockchain Lending Digital Banking 183

PYMNTS

SEPTEMBER 13, 2019

The FinTech Northmill, which offers cloud-based financial services, was awarded a banking license from the Swedish Financial Supervisory Authority (SFSA) on Friday (Sept. As part of the deal, Northmill must maintain a capital minimum of €5 million. There is a number of cloud-operated FinTechs offering the same services as Northmill.

cryptocurrency 156

cryptocurrency Fintech Innovation Operations 156

Celent Banking

NOVEMBER 30, 2015

Fintech is booming. In 2013, according to a report by Accenture and CB Insights , total investment into Fintech was just less than $4 billion. They need to start looking at Fintech startups as an opportunity, not a threat. By 2014 it ballooned to more than $12 billion globally, with 750 deals.

Fintech 100

Fintech Report Innovation Trends 100

PYMNTS

APRIL 18, 2018

Australia’s adoption of alternative finance and FinTech is outpacing that of the U.S., according to OnDeck Capital Chief Executive Noah Breslow. These numbers are from KPMG in 2013, and in 2016 that had grown to $220 million.”. We are looking at an industry that did $10 million of annual volume,” he said.

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Fintech US Lending Industry 108

CB Insights

OCTOBER 21, 2018

CB Insights unveiled the second annual Fintech 250 — a list of 250 of the most promising private companies applying a mix of software and technology to transform the financial services industry. THE FINTECH 250 STORY. CB Insights clients can view the full Fintech 250 story by clicking the button below. Please click to enlarge.

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Fintech Lending Capital Analytics 78

PYMNTS

JULY 28, 2019

The Brazil-based FinTech Nubank raised $400 million in a Series F round of funding led by TCV , making it the first major Latin American investment by the Menlo Park, California fund. . Nubank was founded in 2013 as a small startup aimed at giving people control over their financial lives.

America 134

America Capital California Fintech 134

PYMNTS

FEBRUARY 11, 2020

To improve the financial lives of millions of Americans, speed matters — especially for FinTechs seeking to bring new products to market digitally and to target consumers underserved by traditional banking models. As Choubey told Webster, the FinTech traces its roots to providing financial access to 90 million Americans.

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Fintech Innovation Digital Banking Course 152

PYMNTS

MARCH 7, 2017

Aiming to back and support FinTech startups focused on the underserved, Accion International and VC Quona Capital raised $141 million in funding. The Accion Frontier Inclusion Fund is setting its sights on emerging markets in Sub-Saharan Africa, Latin America and Asia that have shown the most potential for inclusive FinTech.

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FDIC Capital Fintech Analytics 100

PYMNTS

MAY 4, 2020

Robinhood Markets, coming off a new $280 million funding round backed by Sequoia Capital, has seen its value and services expand during the coronavirus pandemic, according to a Reuters report. The company, launched in 2013, is now valued at $8.3 FinTech startups like Robinhood have been popular lately, attracting numerous new backers.

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PYMNTS

MARCH 24, 2017

Their integration comes at a time when the world of FinTech is pleading for B2B payments to ditch paper (that includes checks) and get on board with, at the very least, cards and ACH. In fact, he said, many FinTech innovators often push for solutions in B2B payments that might ignore the paper check altogether.

Fintech 101

Fintech Fraud Mobile Innovation 101

PYMNTS

DECEMBER 3, 2019

Founded in 2013, Mexico’s Konfio will use the funds to expand working-capital loans to SMBs, and introduce new products, according to Director of Corporate Strategy & Investor Relations Gregorio Tomassi. Konfio previously raised around $300 million in capital and credit lines.

America 111

America Capital Analysis Groups 111

Bank Innovation

NOVEMBER 8, 2017

WeLab was founded in 2013, and now has over […]. The round included big names like Chinese e-commerce giant Alibaba, Credit Suisse and World Bank’s International Finance Corporation. This latest round of funding brings WeLab’s total to $425 million.

Mobile 150

Mobile Lending Capital Online 150

PYMNTS

MARCH 3, 2020

The FinTech has raised $820 million through seven investment rounds and has almost 22 million Brazilian customers. The company’s CEO, David Vélez, started the bank in 2013, having previously worked at Sequoia Capital as a partner in charge of the company’s investments in Latin America. .

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Cards America Lending Digital Banking 130

CB Insights

AUGUST 8, 2019

In 2013, less than $100M was invested in venture capital-backed fintech companies in India. The post Market Map: The Evolution of India’s Growing Fintech Landscape appeared first on CB Insights Research. A lot has changed in 6 years. Want the full post? Become a CB Insights customer.

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Fintech Marketing Capital Company 54

PYMNTS

SEPTEMBER 9, 2019

Goldman Sachs Group is giving a $100 million loan to Konfio, marking the first time the lender’s structured finance, investment and lending business has provided a credit facility to a Latin American FinTech. I lived through the subprime crisis,” said Arana, who worked at Deutsche Bank AG in New York from 2006 to 2013. “In

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New York Lending Conference America 123

PYMNTS

MAY 9, 2019

cash deposit platform developer Flagstone notched £11m in funding from investors such as VentureFounders and Kindred Capital, according to reports. The company, which was started in 2013, offers individuals, along with their wealth managers, charities and SME corporates, access to deposit accounts. In other news, U.K. Flagstone Co?Founder

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Capital Apple Report Management 108

PYMNTS

AUGUST 26, 2016

That couldn’t ring truer for the state’s capital, which many consider to have a tech scene bursting with potential and growth. Last year, 147 companies in Austin’s digital tech ecosystem raised more than $966 million in new capital, with more than $3.9 You know what they say, everything is bigger in Texas. billion in exits.

Austin 100

Austin Fintech New York City Community 100

PYMNTS

JULY 31, 2018

BlueVine, the FinTech startup that recently announced a $60 million round of financing, has added $12 million to its Series E round of funding from M12, Microsoft’s venture capital fund. Founded in 2013, BlueVine is one of the leading FinTech players in online small business lending.

Lending 100

Lending Capital Fintech Online 100

PYMNTS

APRIL 6, 2020

The FinTech firm is taking meetings with new strategic and financial partners. Voyager Innovations, which was founded in 2013, provides mobile money and payments under the PayMaya brand, as well as mobile-based remittances under its Smart Padala brand. “In The money will be used to help Voyager’s expansion efforts in the Philippines.

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Payments Innovation Branding Fintech 136

PYMNTS

DECEMBER 19, 2018

For small- and medium-sized businesses (SMBs) in need of capital, bank loans are undoubtedly the first place they look. For smaller companies that have traditionally relied on bank loans, private equity and venture capital funding, it links them to another source of capital.

Marketing 134

Marketing Capital Security Trends 134

PYMNTS

FEBRUARY 20, 2019

And both of those big firms have a stake in China International Capital Corp. billion in capital via 924 funding rounds last year. Mobile banking also has recently attracted investment from Tencent – in this case, via a company called N26 that launched in Germany in 2013. Tencent was part of that action.

Mobile 129

Mobile America Fintech Capital 129

Abrigo

MAY 5, 2022

Breaking Banks Breaking Banks , billed as the #1 global fintech podcast and radio show, began in 2013 and is hosted by media firm Provoke.fm. Some recent episode titles: “Secret Sauce for Deeper Relationships & What’s So Nifty About NFTs” and “Fintech Investment and Growth Opportunities.” keep me informed. Whitepaper.

Community 195

Community Lending Maine Resources 195

PYMNTS

JUNE 10, 2019

According to a report , the Chinese startup PingPong, a FinTech company, will invest €100 million ($113 million) in Luxembourg. PingPong and Luxembourg’s relationship goes back to 2017, when the FinTech startup got a payments license in the region, which allowed it to operate between Chinese outfits and customers in Europe.

blockchain 116

blockchain Security Fintech Regional 116

PYMNTS

AUGUST 24, 2018

Well, for starters, as bankingtech.com reported this week, the bank was bought by Latvian FinTech entrepreneurs Marks Moskvins and Maksims Jarosevskis. The site Baltic-course.com noted that the two new co-owners put two million Euros in the bank to boost its capital position. Who were the buyers? And how come so … cheap?

Colorado 101

Colorado Leadership Fintech Operations 101

PYMNTS

AUGUST 6, 2019

Asian FinTech firm CompareAsiaGroup has raised $20 million in a B1 funding round, it was reported on Tuesday (Aug. Experian has been investing in Asian FinTech startups, including $28 million in a Series C investment to Lender C88, which operates Indonesia’s CekAja.com and Philippines’s eCompareMo.com. million that year.

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Fintech Groups Software Tools 108

PYMNTS

MARCH 11, 2020

In a report detailing consumer credit origination, TransUnion estimated that the share of personal loan balances held by FinTechs was 38 percent of a total of $138 billion, up from a 5 percent stake in 2013. The FinTechs take in capital, the capital makes loans, which, though well above benchmark rates, is below credit card rates.

Digital Banking 130

Digital Banking Lending Capital Fintech 130

PYMNTS

MAY 16, 2018

Worse, soon after, the ADP released a report that found FinTech – and that expansive market of alternative trade finance players – has yet to make a meaningful impact on the lack of capital available to global traders. Late last year, the Asia Development Bank calculated a $1.5 trillion trade finance gap in existence today.

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Survey Capital Fraud Payments 124

PYMNTS

FEBRUARY 16, 2017

Traditional financial institutions have been forced to look inward as they continue to face competition from alternative lenders and FinTech providers. According to BCG, about 70 percent of the units surveyed in Western Europe reported improvements during the 2013–2015 period, despite economic challenges.

Survey 109

Survey Regional America Innovation 109

Jessica Ellerm

MAY 20, 2017

To give you some idea of what these issues are, here are just a few startling superannuation stats for the uninitiated, that are well worth putting your fintech opportunity hat on and considering. In 2013/2014 men, on average, retired with $292,500 while women ended up with $138,150. Fees & Charges.

Fintech 89

Fintech Management Industry Trends 89

PYMNTS

JANUARY 17, 2017

“It’s the golden age to be in the bitcoin market, because it’s imperfect,” said Zhou Shuoji , a former IBM technology consultant whose firm, Fintech Blockchain Group, runs a bitcoin hedge fund and venture capital fund. Chinese banks officially said no to bitcoin in 2013, and various capital control rules keep foreign presence small.

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Bitcoin Capital National Marketing 100

PYMNTS

JUNE 10, 2016

. “We need to be open to discussing it and working through it,” said Comptroller of the Currency Thomas Curry, referring generally to bank charters for FinTech companies. And I think that’s the sea change in attitude here at the OCC.”. The OCC would not comment on Circle or any other firm’s charter acquisition efforts.

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Regulation National Austin Fintech 100

PYMNTS

MARCH 10, 2017

Athens, Greece’s capital, has a population of just over 665,000. The European Investment Fund (EIF) via the JERMIE (Joint European Resources for Micro to Medium Enterprises) initiative allocated around €50 million to four programs between 2013 and 2015. PYMNTS: What is Greece’s FinTech sector like?

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Industry Los Angeles Technology Fintech 118

NCR

MARCH 23, 2017

Countries like the UK, China and the US are traditionally seen as the powerhouses of the fintech world, but it’s testament to the expanding global presence of this market that the Middle East and North Africa (MENA) region could be its next big growth engine. The post MENA: The next fintech hotspot?

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Fintech Regional Innovation Lending 45

PYMNTS

OCTOBER 14, 2016

With a big government backing, bold entrepreneurial spirit and increasing FinTech interest, the country’s tech scene is quickly becoming a global force to be reckoned with. The government has pledged nearly $2 billion per year since 2013 to support the local startup landscape. Establishing The FinTech Bridge.

Fintech 100

Fintech Innovation Mobile Seattle 100

PYMNTS

JULY 1, 2016

But outside of a drive to take the smarty city concept to a nationwide level, Singapore has also gained recognition for its advancement in innovation-driven entrepreneurship and becoming a startup capital of the world. With an estimated population of just 5.47 million, an unemployment rate of 3 percent and an adult literacy rate of about 96.54

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National Training Bitcoin Samsung 133