Search for 2017 Fintech 100 innovators kicks off
Nominations are now open for the 2017 KPMG & H2 Ventures Fintech 100, the annual list designed to recognize leading fintech innovators. Visit www.fintechinnovators.com by Thursday, 31 August 2017 and nominate your company, or any fintech you think should be considered for the Fintech 100. The Fintech100, available at www.fintechinnovators.com, is compiled by fintech investment firm, H2 Ventures in collaboration with KPMG’s Global Fintech practice. The annual Fintech 100 includes both the leading 50 established fintechs, and the most intriguing 50 “emerging stars.” How to nominate and the judging process: Nominations for the Fintech 100 can be made at www.fintechinnovators.com website by Thursday, 31 August 2017. […]
Global VC fintech investment attracts $6.5 Billion in H1 2017
Global VC investment for FinTech in H1 2017 attracted $6.5 billion of VC investment with 787 deals, a 45% decrease year on year, according to statistics compiled through Pitchbook by Innovate Finance, the not-for-profit membership association for global FinTech. While total global investment dropped, UK VC investment for FinTech firms increased by 37% to $564 million, despite Brexit and the future uncertainty between European markets and the UK’s financial services sector. Both Q1 17 and Q2 17 were higher than Q1 16 and Q2 16 by 45% and 22% respectively. The US attracted the most investment both in deal value, which topped $3.3 billion, and deal volume, with 357 investments […]
Investment in UK Fintech tops pre-Brexit levels in First Half of 2017
Over half a billion dollars were poured into British financial technology companies in the first half of 2017, over a third more than the same period last year, trade body Innovate Finance said on Wednesday, in the latest sign the fast-growing sector is so far weathering Brexit. UK-based fintech startups pulled in $564 million of venture capital investment in the first six months of the year, more than half of which came from outside Britain. That was up 37 percent from the first half of 2016, and put Britain in third place globally for fintech investment, behind the United States and China. Some had worried that Britain’s vote last June […]
Temenos a leader in Gartner’s Magic Quadrant
For the 8th consecutive time Temenos recognized as a Leader in the Gartner Magic Quadrant for Global Retail Core Banking 2017. Temenos, the software specialist for banking and finance, announced that industry analyst firm Gartner, Inc., has positioned Temenos as a Leader for the eighth consecutive time in the 2017 report ‘Magic Quadrant for Global Retail Core Banking’ (GRCB). This report assessed 11 vendors based on the multicurrency products they offer in support of a bank’s financial transaction management in the retail banking market. Temenos is positioned furthest for completeness of vision based on the company’s market understanding, sales strategy, product strategy, vertical/industry strategy, geographic strategy and innovation evidenced through […]
GO-PAY driving the cashless society in the largest southeast Asia population
GO-PAY powered by GO-JEK proved itself as one of the leading e-wallets in Indonesia, the largest Southeast Asia country, as it has just recently received an Award from the Central Bank of Indonesia in Jakarta. GO-PAY won the award for its success in promoting cashless society, financial inclusion and small-medium enterprise (SME) empowerment. The award was handed over by the Governor of Bank Indonesia Agus D.W. Martowardojo. GO-JEK is the first unicorn startup in Indonesia. Through the Bank’s official media release, Agus Martowardojo stated that the awards reflect the synergy between Bank Indonesia, Indonesia’s Financial Services Authority (OJK), and Deposit Insurance Corporation (LPS), to facilitate the acceleration of economic growth […]
FINTQ expands digital partnerships to become biggest fintech firm in Philippines
FINTQ, the financial technology arm of PLDT and Smart’s Voyager Innovations, on Thursday announced a string of new digital partnerships with banks and non-banking institutions for a variety of financial technology products and services, making it the biggest fintech firm operating in the Philippines today. Among its newly signed partners for Lendr, its pioneering and award-winning digital lending platform, include the Development Bank of the Philippines, EastWest Bank, the Philippine Bank of Communications, Philippine Veterans Bank, Cebuana Lhuillier Bank, Insular Bank, Philippine Business Bank, Card Bank Inc., Card SME Bank Inc., Rizal Bank Inc., Radiowealth Finance Company, Asialink Finance Corporation, Filidian Rural Bank, JK Capital, Esquire Financing, Algo Leasing, FINEX, […]
Praise the lord: Pushpay shares rise after $33m placement
Pushpay, an ASX-listed fintech seeking to convert United States church goers to donating via their mobile phones, has raised $US25 million ($33 million) in an oversubscribed placement as it targets a doubling of revenue next year. Fifteen new institutional investors in Australia and New Zealand, where Pushpay is also listed, backed the private placement at $NZ1.51 per share, 26 per cent below the price when it raised $54 million ahead of its ASX float last October. The latest fundraising was managed and underwritten by Deutsche Craigs and Ord Minnett and initially reported by Street Talk. When the Seattle-based company resumed trading on the ASX on Thursday, shares rose 6.9 per […]
UK fintech start-up Revolut raises $66 million, adds bitcoin
The “global banking alternative” Revolut has raised $66 million in a fund-raising round, the start-up said on Wednesday, in the latest sign that London is so far weathering Brexit to remain a global financial-technology center. Led by Europe- and San Francisco-based venture capital fund Index Ventures, the fund-raising round was one of the biggest ever Series B rounds in Europe. It should provide some comfort to the British capitol as it jostles to hold onto its reputation as Europe’s leading hub for the nascent fintech sector. The investment dwarfs the 19.5 million pounds ($25 million) raised by London-based rival Monzo in its Series B round earlier this year. Revolut, which […]
