2016 Capital Financial Technology 
PYMNTS
DECEMBER 6, 2018
Cross River, a provider of banking services for financial technology companies, has raised about $100 million in a funding round, according to a report by the company. Other companies involved in the fundraising round are CreditEase and Lion Tree Partners, Battery Ventures, Andreessen Horowitz and Ribbit Capital.
Chris Skinner
JULY 21, 2017
Really easy to work with, the company is the chosen system for many other innovative companies including Kickstarter and Apple Pay, and valued at almost $10 billion by the end of 2016. They are very different to banks and are collectively known as FinTech, financial technology start-up companies.
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PYMNTS
FEBRUARY 16, 2017
Singapore is changing its rules on venture capital in an effort to support economic growth, reports said this week. Singapore’s central bank will no longer require venture capital managers to appoint directors that have at least five years of fund management experience as they have been.
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. Citing data from PitchBook, Reuters reported venture capital financing of Canadian FinTechs was $137.7 million in 2016.
PYMNTS
OCTOBER 4, 2016
27, 2016, Prosper will no longer offer the Folio Investing Note Trader platform, the secondary market for Prosper Notes. Specifically, the capital would improve funding sources. In the message to investors, which P2P-Banking obtained, it said: “We are writing to let you know that, as of Oct. Media reports said the privately held U.S.
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. Around 35 Innovate Finance members have reported a withdrawal or reduction in capital funding since the referendum, says Mr Wintermeyer.
PYMNTS
FEBRUARY 14, 2018
Its units include Distribution Finance Capital, Satago and Oxygen Finance, while it also owns a minority stake in peer-to-peer (P2P) lender Zopa. Many borrowers are neglected by banks and still face expensive funding and capital. reports noted.
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