Bank Innovation

DECEMBER 21, 2018

Ben Savage, partner at the Los Angeles-based Clocktower Technology Ventures, told Bank Innovation that the flourishing fintech ecosystem holds both risks and opportunities for banks, […]. Luckily for the banks, there are many more of the latter than the former.

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Los Angeles Fintech Software Innovation 210

PYMNTS

SEPTEMBER 30, 2020

The FinTech Capify has pulled in an additional $10 million in an equity round of funding and is banking on continued support from the Goldman Sachs Merchant Banking Division for its lending platform, which is geared to small to medium-sized businesses (SMBs). The FinTech has been operating in those markets for over 12 years. “It

Fintech 210

Fintech New York Capital Lending 210

PYMNTS

AUGUST 11, 2020

million) in 2019 — up from £32.9 Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. While we still have some way to go, we are pleased with our progress in 2019,” Revolut Founder and CEO Nik Storonsky said in the CNBC report. million (£106.5

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San Francisco Fintech Digital Banking California 239

PYMNTS

DECEMBER 11, 2020

A new funding round for the Stockholm-based FinTech Tink boosted the startup’s valuation over 60 percent to €680 million ($825 million), according to a CNBC report on Friday (Dec. The new funding round of €85 million was co-led by French private equity firm Eurazeo and Dawn Capital. 11), citing sources.

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Fintech Capital Data Regulation 216

PYMNTS

DECEMBER 28, 2018

One of the biggest shifts in banking that FinTech newcomers ushered into the market is the demand among customers for advisory services. What some financial institutions have come to realize is that collaborating with FinTechs can enable them to offer cutting-edge solutions while reserving resources to invest in meeting those advisory needs.

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Fintech Customer Experience Tools Technology 177

PYMNTS

AUGUST 7, 2020

Talk of a venture capital plummet continues to grow, particularly in Europe, where new data from Consultancy Europe revealed that the number of venture capital deals for startups across the continent has declined every quarter since Q1 2019. with total funding nearly reaching $391.25 million this week. Volante Technologies.

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Fintech Capital New Jersey Lending 251

PYMNTS

JANUARY 6, 2020

In venture capital, funding can start as a trickle and then wind up as a flood. InnoVen also reported that early-stage startups saw a 22 percent jump in 2019 in the deals they attracted. Tracxn reported that the number of FinTech deals came in at 160. Drilling Down Into FinTech. billion last year, better than the $10.6

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Fintech Capital Strategy Report 132

CB Insights

MAY 27, 2020

Fintech saw its worst quarter in 2 years in Q1’20, as investors pulled back from deals amid the coronavirus pandemic. The quarter saw fintech activity fall to $6.1B across 404 deals, marking the worst Q1 since 2016 for fintech deals and the worst Q1 for funding since 2017. REGISTER NOW: FINTECH WEBINAR. First name.

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Fintech FDIC Trends Capital 92

PYMNTS

MARCH 31, 2020

Tokyo, Japan’s digital banking startup Kyash has closed a $45 million Series C funding deal co-led by Greenspring Associates and Goodwater Capital, Kyash said in a statement on Sunday (March 30). Goodwater Capital also invested in Kyash’s Series B Round. growth equity investment firm Greyhound Capital; U.S.

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Fintech Capital Groups ATM 201

PYMNTS

APRIL 24, 2020

With social distancing and an economic downturn the new reality for many markets around the world, venture capital is expected to slow significantly. Yet demand for contactless payments and digital, automated financial solutions means FinTech funding may not take as hard of a hit as other startup segments. In the U.S., KarbonCard.

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Fintech Capital Security Digital Banking 193

PYMNTS

FEBRUARY 16, 2020

SoftBank will add $1 billion this year to its $5 billion Latin America Fund introduced in 2019, adding to last year’s $1.6 Its investment in Latin America this year will target eCommerce, healthcare, FinTech and other industries, as it looks at about 650 firms in the region. billion, Bloomberg reported on Friday (Feb.

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Fintech America Regional Capital 174

Accenture

AUGUST 20, 2019

For the third straight quarter, Chase, Capital One and Synchrony led all issuers in purchase volume growth (over 10 percent YoY). 3 After-Tax ROA of issuers that publicly report – Citigroup, Capital One, Synchrony and Discover 4 YoY = Year-over-year change versus 2Q18. Issuer scorecard ($billions)—Q2 2019.

US 150

US Cards Capital Apple 150

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

JUNE 10, 2020

A high-powered slate of investors led by BlackRock is buying a stake in Trustly , the fast-growing Swedish FinTech, its new investment partners announced in a press release. Trustly had revenue of more than $147 million in 2019, according to Nordic Capital’s website.

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Capital Groups California Online 131

PYMNTS

FEBRUARY 19, 2019

Brexit may dominate the headlines when it comes to the United Kingdom, but FinTech funding proceeds apace, and financial backers show a continued sanguine attitude about the space. based FinTechs said they have garnered more than 200 million pounds. Tim Levene, the CEO of Augmentum Capital, told Yahoo Finance that the U.K.

Fintech 187

Fintech Lending Capital Regional 187

PYMNTS

JANUARY 7, 2021

Online FinTech startup SoFi announced Thursday (Jan. 7) that it was merging with publicly-traded Social Capital in an $8.6 The FinTech IPO Market. billion deal that brings it instant liquidity and avoids the uncertainty of the initial public offering (IPO) process, while leaving it better positioned to take on legacy banks.

Capital 150

Capital Los Angeles Boston Lending 150

PYMNTS

FEBRUARY 5, 2020

FinTechs are keeping an eye on emerging technologies at the beginning of the year — and predicting how they will impact business-to-business (B2B) payments in 2020. Praeger said it was forecast that the industry would see a decline in merger and acquisition activity in 2019. FinTech and Bank Collaborations. Blockchain.

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Fintech Innovation Payments blockchain 238

Bank Innovation

JANUARY 2, 2019

It's the beginning of a new year, and naturally new trends will take shape. The seed for some trends like voice banking and contactless payments were already planted last year, while others such like core overhauls went relatively untouched last year.

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Trends Fintech cryptocurrency Payments 218

Bank Innovation

DECEMBER 26, 2018

This year the financial services industry saw a lot of fintech M&A activity. Here are five deals, in no particular order, that Bank Innovation's editors think will most significantly impact the landscape in 2019. iZettle is […].

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Fintech Innovation Industry Payments 218

PYMNTS

NOVEMBER 10, 2020

The FinTech also has eCurrency licenses in Lithuania and the U.K. Last year the company was awarded a $371 million loan backed by Goldman Sachs Private Credit and Bain Capital Credit to finance its growth into 31 markets. In July of 2019, SumUp had 151 million users and posted an annual revenue of €200 million.

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Fintech Regulation Cards Google 245

Bank Innovation

DECEMBER 6, 2019

Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, December 6, 2019.

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Video Fintech Capital Customer Experience 243

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.

Lending 158

Lending Fintech Analytics UX 158

PYMNTS

NOVEMBER 10, 2020

Indonesian FinTech LinkAja closed a series B funding round led by Singapore super app Grab, with participation from Telkomsel, BRI Ventura Investama and Mandiri Capital Indonesia. . “We LinkAja is among the only FinTech startups created by BUMN. We are very enthusiastic about joining Grab as one of our shareholders.

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Fintech Maine Course Management 203

PYMNTS

APRIL 30, 2019

Investing on the part of venture capitalists in financial technology startups — otherwise known as FinTechs — declined during the first quarter of 2019, with China feeling the most pain. In the first quarter of 2018 venture funding going toward FinTechs stood at $6.2 It has a valuation of $2.7 It has a valuation of $2.7

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Fintech Millennials Regional Financial Technology 176

PYMNTS

JANUARY 29, 2019

On Monday (January 28) Acorns , the FinTech that helps users invest spare change, announced a Series E found of funding that gives it a valuation of $860 million, pushing it nearer to unicorn status. FinTechs brought in $11.89 There were 659 investment deals with FinTechs in 2018. Asian FinTech startups raised a record $22.65

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Fintech Capital Report Financial Technology 184

Gonzobanker

DECEMBER 20, 2019

GonzoBankers, 2019 was a year of extremes. There is an understanding that technology and fintech are going to cause radical change, but the how, how big and when are still very unclear. Third, read and enjoy the 2019 edition of the GonzoBanker Awards, our 18 th. annual list. We may not be good, but we’re persistent!

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Idaho Conference Data Marketing 148

PYMNTS

AUGUST 9, 2019

Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. GPS Capital Markets, founded by Al Manbeian and Ryan Gibbon, posts between $20 million and $30 million earnings before interest, taxes, depreciation and amortization (EBITDA), one source told the publication.

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Capital Marketing Utah Taxes 108

PYMNTS

FEBRUARY 17, 2020

FinTech startup EasyEuro — based in both Paris, France and Shenzhen, China — has closed a $4 million pre-funding deal to launch a Neobank (a 100 percent digital bank) that will target Europe and China simultaneously, the company announced in a recent blog post.

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Fintech Capital Regional Digital Banking 176

PYMNTS

MARCH 31, 2020

FinTech firm MatchMove has struck a deal to acquire a “strategic stake” in eCommerce solutions company Shopmatic, according to reports. MatchMove’s LightSpeed solution won top honors in the category “Best Payments Innovation of the Year” in the 4th Payments and Cards Awards 2019 held in Mumbai, India.

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Fintech Regional Security Lending 168

BankInovation

MARCH 9, 2021

Zeni, a fintech that automates accounting and bookkeeping processes for startups, raised $13.5 The round was led by Saama Capital, with participation from Silicon Valley Bank Financial Group, Sierra Ventures and former Google SVP Amit Singhal, among others. Palo Alto-based Zeni launched in 2019 and secured its […].

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Fintech Google Capital Groups 97

Bank Innovation

FEBRUARY 5, 2019

Time is running out to apply for Bank Innovation’s DEMOvation Challenge, in which fintech startups demo before a crowd of conference attendees in hopes of earning their vote and walking away with prizes. The application deadline is Friday, February 8. Apply here.

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Conference Fintech social media Operations 170

PYMNTS

OCTOBER 8, 2019

In terms of the total amount invested to date in FinTechs, as tracked by PYMNTS via the India FinTech Tracker, the year to date tally stands at just under $3.7 Taking the pulse of where we stand coming into the last few months of 2019, deal activity has seemingly been concentrated within the alternative finance and investment arenas.

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Fintech Capital United States Groups 144

PYMNTS

DECEMBER 12, 2018

Financial institutions are in the midst of becoming more mobile, with many of those legacy operations opting to — or at least considering — working more closely with FinTech providers to upgrade services, retain customers and acquire new ones. The debut of 5G promises to add another tool that can aid such efforts. Latency Advantages.

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Fintech Mobile Analysis Technology 211

PYMNTS

JANUARY 6, 2020

where new research has found that fewer invoices were paid late to small businesses (SMBs) in 2019 than in 2018. FinTech innovation has taken steps to address the late payments challenge in construction and beyond. small business waited to receive payment on a past-due invoice in 2019. The good news stems from the U.K.,

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Fintech Payments Data National 161

PYMNTS

JANUARY 8, 2020

And one question worth posing is: What will happen to FinTech ? Specifically, what will happen to London’s standing as a FinTech hub? The data for all of 2019 may not be in yet as of this writing, but by all accounts – and no matter where you look – it was a banner year for London. and to the EU. Just kidding.

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Fintech San Francisco Course New York 145

PYMNTS

JANUARY 3, 2020

With the holiday season wrapped, venture capitalists are gradually returning from a bit of a break in the B2B FinTech funding front. billion in technology startup funding in 2019, a new record for the market and almost $4 billion higher than it saw in 2018. In all, B2B FinTechs secured more than $33.5 revealed a $6.3

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Fintech Security Capital Lending 142

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