article thumbnail

Fintech M&A: More Deals, Less Value

Bank Innovation

Over the past two years, the transaction volume in the financial technology and information technology sectors remained relatively flat. According to the investment bank Berkery Noyes, there were 870 financial technology and information industry M&A transactions from the beginning of 2015 through to the end of 2016.

Fintech 210
article thumbnail

FinTech Revolut’s Losses Triple As Customer Base Grows

PYMNTS

Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. The company posted a total loss of $139.6 million (£106.5

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FinTech Startup Revolut Raises $80M In New Funding, Now Valued At $5.5B

PYMNTS

Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking.

article thumbnail

Today In Digital-First Banking: German Neobank N26 Eyes IPO With New CFO; Goalsetter Lands $3.9 Million Seed Investment  

PYMNTS

Jan Kemper on board as its new CFO as the Germany-based financial technology firm eyes a future possible IPO. N26, which is backed by Li Ka-Shing and Peter Thiel, rolled out its first offerings in 2015 and is one of the most valuable non-listed FinTechs in Europe. Goalsetter, the financial technology upstart, has landed $3.9

Phoenix 187
article thumbnail

Understanding the FinTech Effect

Let's Talk Payments

Investments in financial technology have grown exponentially in the past decade – rising from $1.8 billion in 2010 to $19 billion in 2015. The global investments in financial technology ventures.

Fintech 111
article thumbnail

Independent Panel To Review UK’s FinTech Sector 

PYMNTS

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). billion) in venture capital and the market has been estimated to have grown by nearly 70 percent since 2015.

Fintech 174
article thumbnail

FinTechs In Canada Getting Lots Of VC Love

PYMNTS

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. Thomson Reuters data showed a close to 74 percent increase from 2015 to 2016 in terms of investments in Canadian FinTech startups.

Fintech 159