PYMNTS

JULY 21, 2020

A panel established to grow the United Kingdom’s (UK) financial technology (FinTech) sector plans a review of the industry to identify opportunities for growth, the government announced Tuesday (July 21). Much is at stake when it comes to the country’s FinTech businesses. The sector has an estimated worth of 7 billion pounds ($8.9

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Fintech Ohio Financial Technology Innovation 174

PYMNTS

JANUARY 25, 2021

German neobank N26 hired Dr. Jan Kemper as its new chief financial officer (CFO) as the Berlin-headquartered FinTech looks toward a future initial public offering (IPO). In his eight years at the startup, he helped grow market capitalization to 11 billion euros from 2010 to 2017. Its most recent valuation was $3.5

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Fintech Operations Tools Capital 254

PYMNTS

JANUARY 17, 2019

General Electric ‘s divestiture of GE Capital assets continues as MUFG Union Bank announced plans to acquire GE Capital’s Trade Payable Services (TPS) operations. 16), MUFG Americas and GE Capital said MUFG Union Bank will acquire GE Capital’s supply chain finance platform for an undisclosed sum.

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Capital America blockchain Regulation 150

PYMNTS

JULY 24, 2020

Revolut is also backed by Index Ventures, the global venture capital firm with dual headquarters in San Francisco and London, and a half dozen others. Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. It boasts more than 12 million customers.

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San Francisco Fintech cryptocurrency New York 255

Bank Innovation

SEPTEMBER 27, 2016

Fintech is on pace to best venture capital 2015 fundraising by 36% this year as startups focus on transparency and ease-of-use to disrupt the incumbents. billion into the sector, Bruce Taragin, managing partner, Blumberg Capital, said at a recent gathering at Columbia Law School in Read More. Last year, VCs poured $11.9

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Fintech Capital Management 150

PYMNTS

NOVEMBER 9, 2020

FinTech Tide withdrew from the program citing inadequate funding, according to a report in The Guardian. . The FinTech lender Tide is scrambling to secure the funding necessary to offer BBL top-ups to its customers. Tide was founded by banker George Bevis in 2015; London venture capitalist Eileen Burbidge serves as the bank's chair.

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Fintech Lending Digital Banking Capital 177

PYMNTS

JANUARY 26, 2020

SoftBank has been looking at European FinTech startups, the source told The Telegraph. SoftBank’s future FinTech funding will likely come by way of its second Vision Fund, which started making investments last year. Monzo launched in 2015, and now serves an estimated 3.7 million U.K. offering limited services in Los Angeles.

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Los Angeles Capital Digital Banking Fintech 193

Bank Innovation

MARCH 7, 2019

Fresh off a $400 million funding led by SoftBank, fintech lender OakNorth is close to establishing its first bank partnership in the U.S., Founded in 2015, OakNorth is a digital-based SME […]. which will also serve as its entry into the country, Bank Innovation has learned.

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Fintech Innovation Operations Capital 186

PYMNTS

JUNE 1, 2018

Between 2015 and 2017, the amount of lending to small businesses by the five leading online lending providers increased 50 percent, according to a new report from NDP Analytics, a Washington, D.C.-based billion in 2015. But digital channels will help more small business gain capital, according to the statement. communities.”.

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Lending Online Community Washington 103

Chris Skinner

FEBRUARY 8, 2017

Innovate Finance, which represents 300 UK fintech companies, says venture capital investment fell from $1.2bn (£970m) in 2015, to $783m last year. There were 1,436 fintech deals globally, attracting $17.4bn in investment, Innovate Finance says, with China outpacing the US for the first time. Flight to safety?

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Fintech Capital Innovation US 150

PYMNTS

JANUARY 4, 2017

Canadian financial technology companies backed by venture capitalists reached a level not seen in nearly two decades, despite a slowdown of investment dollars flowing into FinTechs in the U.S. According to a report by Reuters , while FinTechs may not be red hot in the U.S., Reuters reported investments in FinTech in the U.S.

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Fintech Capital Financial Technology Report 159

Bank Innovation

SEPTEMBER 30, 2016

Image source The Daily Fintech founders are at SIBOS in Geneva; reporting every day, snippets of insights on the Fintech Genome. We held our breath for nearly 9 months after the $13m Sequoia Capital Seed round for Lemonade was announced at the end of 2015. Stay tuned on all SIBOS Insights conversations.

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Fintech Community Capital Report 150

PYMNTS

MAY 5, 2020

London-based FinTech Revolut is planning to tap the $500 million it got from investors to acquire competing technology firms suffering from the impact of the global coronavirus pandemic. Founded in 2015, Revolut began with a prepaid debit card that enables people to sidestep foreign exchange fees while traveling abroad.

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Fintech Cards cryptocurrency Capital 175

Gonzobanker

JANUARY 4, 2022

These fintech and banking trends should be on financial institutions’ radar in the year ahead. This list of top banking and fintech trends for 2022 won’t tell anyone anything they haven’t already heard about. For banks, crypto will be to 2022 what social media was to 2015. Trend #1: The Great Overdraft Overhaul.

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Trends Fintech social media Strategy 181

Gonzobanker

AUGUST 11, 2020

2020 is the wildest downward ride in the market since 1929, which, one would think, is taking its toll on the fintech ecosystem serving banks and credit unions. And the industry’s two largest fintech providers, FIS and Fiserv, reported organic revenue declines largely due to economic impact to the payments market. It’s one big sandbox.

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Lending Fintech Analytics UX 158

PYMNTS

JULY 15, 2019

Avidia Bank is embracing real-time payments as part of its push to promote collaboration with FinTechs, the financial institution announced Friday (July 12). Offering real-time payments as well as a range of APIs will enable Avidia to expand its offering to FinTechs that want to integrate faster payment capabilities into their own solutions.

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Fintech Payments Cards Compliance 115

PYMNTS

MARCH 4, 2020

TerraPay, a Dutch FinTech, has been acquired by a number of investors, including Prime Ventures, Partech Africa and management for an undisclosed amount. TerraPay was launched in 2015. TerraPay management said it developed the FinTech company to solve a problem that many countries faced when trying to execute cross-border payments.

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Fintech Mobile Regional Operations 168

PYMNTS

FEBRUARY 7, 2017

China is an emerging FinTech hotbed thanks to its expanding middle class, rapid digitization and electronic payments adoption. But a new report from Citi found that, while China may be the market to watch for FinTech investments, the U.S. continues to thrive at the top of the B2B FinTech mountain.

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Fintech US Capital Lending 100

PYMNTS

DECEMBER 19, 2019

Bangalore-based FinTech ZestMoney has raised $15 million in a Series B funding round led by Goldman Sachs and existing investors Naspers, Quona Capital, and Omidyar Network, TechCrunch reported on Thursday (Dec. ZestMoney was founded in 2015 by Chapman, Priya Sharma and Ashish Anantharaman in 2015.

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Fintech Millennials Online Lending 130

PYMNTS

MARCH 1, 2016

The tallies are in: Innovate Finance has calculated the state of investment in FinTech for 2015, and we have the numbers. Innovate Finance released The 2015 FinTech Investment Landscape this month, a report that offers a snapshot at how investors are placing their money among financial innovators. Global Breakdown.

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Fintech Lending Capital Innovation 100

CB Insights

SEPTEMBER 1, 2020

CB Insights has unveiled the third annual Fintech 250 — a list of 250 of the top private fintech companies using technology to transform financial services. The 2020 Fintech 250 cohort has raised approximately $49.2B 25+ winners will be presenting at our upcoming fully virtual Future of Fintech Conference (Nov.

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Fintech Company Lending Capital 101

PYMNTS

MAY 14, 2018

Taking a page from Goldman Sachs’ book, Morgan Stanley is beginning to lend to FinTech startups in Brazil as it seeks more of a return on its investments. The company is also reportedly in talks with international investors about raising $50 million via an equity round that QMS Capital is handling.

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Fintech Marketing America Report 116

PYMNTS

SEPTEMBER 21, 2017

Europe is on the path to entice FinTechs. European Union (EU) finance ministers met this week to discuss ways in which the EU can ensure its FinTech industry is solid and promotes growth, an initiative some policymakers view as critical, as the U.K., a global FinTech hub, prepares to leave the EU following Brexit.

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Fintech Regulation Innovation Trends 130

Bank Innovation

NOVEMBER 17, 2016

It’s all their fault that funding for fintechs continued to fall in the third quarter. (We’d We’d also add that the exuberance in the first part of 2015 was making some investors nervous.) Exhibits No. 1 and 2: Brexit. Presidential election. Now that we’ve gotten that out of the Read More.

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Fintech blockchain Capital Management 150

PYMNTS

APRIL 19, 2016

Capital One, Wells Fargo, Fifth Third, PNC and TD, along with Safeguard Scientifics, each contributed equally to the $30 million investment round, announced on Sunday (April 17), bringing Transactis’ total funding up to $70 million. are electronic. PNC Executive Vice President for Treasury Management James G.

Capital 100

Capital Payments Software Management 100

PYMNTS

OCTOBER 17, 2017

For all of the commotion about Brexit, it appears as though London’s reign over the world of FinTech may be secure — even after the U.K. London will maintain its FinTech influence if this landscape does not change,” said Early Metrics CEO Antoine Baschiera in a statement. FinTech startups in the first half of 2017 alone.

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Fintech Industry New York City New York 159

PYMNTS

APRIL 3, 2018

Lending FinTech GreenSky has confidentially filed paperwork for an initial public offering (IPO). In fact, since 2015, just six U.S.-listed In addition, shares in online lenders LendingClub and OnDeck Capital were recently down 86 percent and 77 percent, respectively, from their IPO prices. which valued the company at nearly $4.5

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Lending Fintech Atlanta Capital 116

Bank Innovation

MARCH 24, 2016

Just under 10% of the companies — 15 to be exact — were fintech-related. This is about average for a YC incubator class, with the 26% from Summer 2015 being an Read More. Y Combinator’s Winter 2016 Demo Days just wrapped up, with 159 startups taking the stage and making their play for funding.

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Fintech Meeting Company social media 150

PYMNTS

OCTOBER 7, 2016

It appears Manchester may be giving London a run for its money as the next great FinTech sector in the U.K. The city’s FinTech reputation and tech sector are on the rise. Manchester has a proven track record of supporting FinTech investments complemented by a high-caliber of talent,” he continued.

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Fintech Industry Big Data Trends 201

PYMNTS

MARCH 20, 2018

FinTechs and non-bank financial service providers are set to take over traditional banks as the preferred choice for small business (SMB) customers in Australia, a new report by Scottish Pacific found. FinTech offers include creating seamless online loan applications and software that analyzes financial data to deliver the best possible deal.

Fintech 118

Fintech Lending Survey Innovation 118

PYMNTS

JUNE 8, 2017

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. ”

Capital 108

Capital Mobile Security Examples 108

Bank Innovation

SEPTEMBER 27, 2016

Image source # 6 on our Fintech Predictions for 2016: The strange inversion we saw in 2015, when private companies were valued higher (on paper at least) than public companies, will end in 2016. The headlines will refer to Unicorpses. This is happening now. It is happening in private unless Read More.

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Fintech Company Capital Innovation 150

PYMNTS

OCTOBER 21, 2016

With a strong penetration of smartphones and mobile commerce, Spain is quickly gaining visibility in the FinTech world, and its capital city is leading the charge. Considered a “dark horse” in FinTech, Madrid is making strides to improve conditions for startups to flourish and boosting record venture rounds for its homegrown companies.

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Fintech San Francisco Big Data Capital 100

PYMNTS

JANUARY 13, 2017

In an effort to expand its digital offerings, Northwestern Mutual Life Insurance has reportedly created a $50 million corporate venture capital fund designed to back startups in the FinTech market. Larger financial companies are rushing to find ways to keep up with the changes coming to the industry thanks to digital offerings.

Fintech 100

Fintech Analytics Capital Report 100

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. Often the injection of new capital by the buyer can give a startup the resources needed to flourish.

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Fintech Report Innovation Trends 100

PYMNTS

MARCH 26, 2019

In 2015, news outlets ran articles about the “ gold mine ” of venture capital investments in the alternative finance sector. FinTech funding reached its highest level in five years in 2018, according to CB Insights data published last month, hitting $11.89 Further, GLI Finance revealed a $25.93

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Lending Capital Fintech Security 190

PYMNTS

JANUARY 27, 2017

is no longer the world’s largest market for FinTech investment, according to the latest report from Citigroup, released this week. Analysts found that, in the first nine months of 2016, China held the top spot for FinTech investment, with funding raised for that period doubling compared to the same period in 2015.

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Fintech Mobile Cards Capital 100