Australia weathers fintech slump
Global investment in fintech companies almost halved last year as “froth” comes out of the burgeoning industry and investors wait to see if they can successfully disrupt incumbents such as banks and insurers, according to a new report. Fintech investment funding declined to $US24.7 billion ($32.17bn) last year from a bumper $US46.7bn in 2015, driven […]
LandlordInvest’s Innovative Finance ISA is now flexible
LandlordInvest, having recently launched the first residential mortgage-backed IFISA, has made its IFISA flexible. Flexible ISA means that an investor can replace, in whole or in part, cash the investor has withdrawn, without the replacement counting towards the investor’s subscription limit for a tax year. The flexible ISA was only introduced in the current year […]
Ant Financial invests $200 million in Kakao Pay to expand into South Korea
Alibaba’s financial services affiliate Ant Financial is aggressively pushing to expand its presence across the globe. Today, the company is making their way into Korea by driving a massive $200 million investment in Kakao Pay, the soon-to-launch fin-tech subsidiary of widely popular messaging service Kakao Talk. This capital infusion, as rightly put in the blog […]
Funding Circle hits £2bn milestone
Funding Circle became the second UK peer-to-peer lender to hit the £2bn milestone yesterday, as research showed that the sector had a strong start to the year. Funding Circle’s UK division has now lent £2bn to small businesses, the platform said on its Twitter account on Monday. The platform, which also has operations in the […]
This FinTech CEO is making money instantly available anywhere in the World
The consumer financial services industry currently boasts a $33.5 billion market cap globally, supplying consumers with various loans and lines of credit. For years, the most common and accurate way of indicating whether consumers qualify for an approved loan or credit line was by analyzing general online data and traditional credit intelligence metrics. Today, with […]
Mundi Ventures invests 1.5 Million CHF in Qumram to fuel global growth
Qumram, a leading global RegTech firm, providing digital compliance and risk management solutions, has announced further investment of 1.5 million Swiss Francs, from the technology-focused venture capital firm, Mundi Ventures. Headquartered in Madrid, Mundi Ventures has operational presence in Barcelona, London and Seattle. In addition to providing due diligence support, Mundi Ventures will boost Qumram’s […]
Asian Fintech Startups see a record $5.4 Billion VC Funding in 2016, driven by China
Fintech startups in Asia gained a record $5.4 billion in venture-capital funding last year, up from $4.8 billion in 2015. According to data from venture capital research firm CBInsights, Asia accounted for nearly 20 percent in the number of Fintech investments worldwide. Notably, however, the deals are far more substantial in the region with 43% […]
Breaking Paytm’s monopoly, Reliance Jio announces strategic partnership with Uber
If you were taking the suite of services Reliance launched with Jio, lightly — here is a wake up call for you. Reliance Jio Infocomm has announced a a strategic partnership with Uber that will enable users to pay for rides, through their Jio Money wallets. This breaks Paytm’s monopoly, which until now was the […]
