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2016 Innovators to Watch: 1 to 5

Bank Innovation

Launched in 2014, Ant Financial Read More. Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world.

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Bolt Nets $75 Million In Funding Round For eCommerce Innovation

PYMNTS

The round was led by General Atlantic and WestCap , and existing investors Activant Capital and Tribe Capital also participated. Bolt was founded in 2014 in San Francisco and works on tools to streamline web transactions. The round saw the company's valuation hit over $215 million.

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Why Invisible Will Make 2020’s Payments Innovation Roar

PYMNTS

Two hundred and seventy-four years later, those words are the perfect framework for understanding what will define the next decade of innovation in payments and any ecosystem that touches it. Sometimes those innovations disrupted old models and players; other times they made them better and more efficient. The Invisible Innovators .

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Mexican Startup ePesos Gets $6M from Santander InnoVentures

Bank Innovation

Santander InnoVentures, the venture capital arm of Santander Bank, has invested $6 million in Mexican fintech ePesos. The fund was launched in 2014 and has […]. InnoVentures was the leader in the round, though VilCap Investments, Finlab, and Pomona Impact also invested.

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Banks Push Back On Possible Banking Charters For Big Techs Like Amazon And Facebook

PYMNTS

Co-signed by the American Bankers Association, Bank Policy Institute, Independent Community Bankers of America and The Clearing House, the letter argues that banks and non-bank technology firms are both already embracing innovation in customer service offerings. FDIC), the states and the courts.

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PayPal Working Capital Cites Growth In U.K. Volume

PYMNTS

unit is offering an update on the progress made by PayPal Working Capital. The company revealed Monday (June 19) that it has facilitated more than $500 million (£400 million) in working capital to U.K. small businesses via its financing solution, which launched in 2014. PayPal U.K. They’re the linchpin of the British economy.

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Amazon Eyes Zoox Acquisition For Autonomous Cars

PYMNTS

Zoox was founded in 2014 and has been working to develop electric-powered robot taxis. Meeting all three of these goals would require vast capital, and Zoox lacks the automotive partners that facilitate other startups like Cruise (GM) or Argo AI (Volkswagen and Ford).

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