Global Payments & Mint Payments sign strategic partnership agreement
Mint Payments Limited (ASX: MNW) (Mint or the Company) and Global Payments Asia Pacific Limited, a subsidiary company of Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and merchant acquiring services, today announced a partnership agreement that will equip Mint and its licensed distribution partners with the ability to provide the Company’s integrated payment technology solutions with Global Payments as the acquirer, in the territories of Malaysia and Singapore with additional territories to follow. As part of the Agreement, Global Payments will also refer its merchants to adopt Mint’s range of integrated payment solutions in these two markets. In the Asia Pacific region, Global Payments Asia […]
Funding Circle: A $100m vote of confidence in the UK’s Peer-to-Peer Lending industry
The news that Funding Circle has raised another $100m from a group of well-respected institutional investors is welcome news for the peer-to-peer lending sector, which has been showing signs of vulnerability of late. The funding round, led by Accel, and supported by investors including Baillie Gifford, DST Global, Index Ventures, Ribbit Capital, Rocket Internet, Sands Capital Ventures, Temasek and Union Square Ventures, cements Funding Circle’s position as the leading online peer-to-peer marketplace in Europe. To coincide with the announcement, Funding Circle also said yesterday that its total lending to small businesses globally has now reached £2.5bn – including £1.1bn of advances made last year alone. The latest equity investment takes […]
Australian FinTech will exceed AUD $4 Billion by 2020
A new report has found that FinTech revenue in Australia is predicted to grow at a compound annual growth rate (CAGR) of 76.3 percent and exceed A$4 billion by 2020. The research, Australian Fintech, Forecast for 2020, found that this increase was down to a reduction in taxes on investments in startups, tech-savvy digital individuals, and a rise in mobile payments. According to Research and Markets, in 2015 the Australian FinTech market produced A$247.2 million with 2016 generating further growth and 2017 predicted to continue the upward trend. The research found that there are three areas that financial technology services are focusing on in Australia that will grow by 2020: […]
UK robo-advisor Munnypot goes live
Munnypot, a new service offering clear, affordable online financial advice to all is live from today. Munnypot’s founders aim to help close Britain’s financial advice gap, which affects 16 million people1, by making high quality advice available to everyone. Munnypot is an online savings and investment service giving anyone straightforward automated financial advice in a language they can understand, at a fraction of the cost of most financial advisers. The service requires a minimum investment of £25 per month and/or a £250 single investment amount. It provides an intuitive WhatsApp style ‘chat-based’ user-interface that advises people on their savings and investment decisions. Conversational and jargon-free questions, coupled with state of […]
With TravelersBox, turn foreign change at airports into digital currency and iTunes credit
It’s a dilemma that travelers have faced for decades: You’re heading home from a foreign country with a handful or two of spare change. It’s not enough to exchange or buy something at the airport, so what do you do with it? TravelersBox hopes to answer that question. The company has kiosks placed in 10 countries around the world, including Turkey, Georgia, Italy, the Philippines, Israel, and Japan. Users feed their spare change into the machine and can choose to have it converted into a number of useful digital items, from iTunes credit to Starbucks gift cards to PayPal deposits. TravelersBox machines aren’t the first of their kind. In 2015, […]
A Siri for Your Finances? Digit Says Trust Me
The fintech startup is working on algorithms to help you manage your money. Late last year, just in time for Christmas shopping, Rachel Rhoads got a nice surprise. One of her secret savings accounts had grown to $900 behind her back. Rhoads, a 37-year-old Los Angeles-based sales director for a jewelry line, has an account with Digit, a financial technology company with an algorithm that tracks users’ income and spending patterns. It painlessly spirits small amounts of money out of checking and into a savings account every two or three days. “I just thought it was such a good idea, to set it and forget it,” said Rhoads, who says […]
LandlordInvest gains ISA manager status from HMRC
LandlordInvest has been approved by HMRC as an ISA manager, paving the way for the launch of its Innovative Finance ISA (IFISA), Peer-to-Peer Finance News has learnt. The peer-to-peer lender, which specialises in buy-to-let mortgages, gained full authorisation from the Financial Conduct Authority in early December, following a 24-month application process. The platform will be making an official announcement regarding its HMRC approval later today. The IFISA is a tax-free wrapper around P2P investments heralded as a game-changer for the industry. It is hoped that the ISA brand will open the sector up to a wider range of retail investors, who might have not considered P2P before. At present, just […]
Octopus gets FCA authorisation
OCTOPUS Choice is the latest peer-to-peer lending platform to be granted full authorisation from the Financial Conduct Authority (FCA), just nine months after launch. The property lender has attracted almost £45m from lenders and funded 75 deals since it launched last April. Richard Wazacz, head of Octopus Choice, said authorisation now opens the door for the firm to launch its Innovative Finance ISA later this year. “The incredible demand we’ve witnessed in the nine months since launch underlines the level of interest for this sort of investment – and the authorisation that the FCA has now granted us will no doubt give renewed confidence to our fast-growing base of investors,” […]
