FinTech

Nov
06

Big VC deals will delay Mexico’s first Fintech IPO

No need for startups to hurry into the public market when giants like SoftBank and General Atlantic are pumping in private capital. Investments in Mexican fintechs by large firms such as SoftBank and General Atlantic have added liquidity to the market and will likely delay the sector’s first initial public offering, two industry executives and […]

By Reposted by International FinTech | FinTech . Investing . Venture Capital
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Nov
06

P2P lender KoinWorks bags $1.4m from Japan’s Saison Capital

Indonesian peer-to-peer lending platform KoinWorks has received around US$1.4 million in additional funding from Saison Capital, the venture arm of Japanese financial services firm Credit Saison, as part of its series B round. The new funds bring KoinWorks’ total series B and B2 raise to about US$13.6 million. It raised US$12.2 million in June in […]

By Reposted by International FinTech | Borrowing . FinTech . Investing . Lending . Peer-to-Peer . Venture Capital
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Nov
06

GrabPay rated most popular e-wallet in Singapore

Grabpay has emerged as the most popular e-wallet in Singapore over the past two years, as e-payment systems catch on in the city-state. It was followed by e-wallets DBS PayLah!, FavePay, EZ-Link app and Alipay. A report by meta-search website iPrice Group, in collaboration with mobile data and analytics platform App Annie Intelligence, said the […]

By Reposted by International FinTech | FinTech . Payments
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Nov
05

How this young entrepreneur turned her hobby into a fintech startup powered by blockchain

Making money is hard but managing it is not as tough, says 23-year-old Smriti Tomar, who started InvestoAsia, a fintech startup based on blockchain technology this year. Gurugram- and Hong Kong-based InvestoAsia aims to help retail investors to easily invest in international markets, especially in China and South Korea, which Smriti feels is currently a […]

By Reposted by International FinTech | Blockchain . FinTech
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Nov
05

Japanese fintech firm Paidy raises $143m from PayPal, others

Japanese fintech firm Paidy has raised a total of US$143 million in series C funding and debt financing from new and existing investors. PayPal Ventures, Soros Capital Management, JS Capital Management, Tybourne Capital Management, and an undisclosed company invested in Paidy as part of the firm’s US$83 million series C round, according to the statement. […]

By Reposted by International FinTech | FinTech . Investing
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Nov
05

Santander takes big stake in UK FinTech

Spanish bank Banco Santander is acquiring just over 50 percent of the U.K. payments platform Ebury for £350 million ($453 million), Ebury announced in a press release on Monday (Nov. 4). The Ebury payments platform gives small and medium-size companies the ability to trade internationally. The acquisition is scheduled to close in the first quarter […]

By Reposted by International FinTech | Banking . FinTech . Investing
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Nov
05

Amica Financial Technologies raises $24 million in funding

Amica Financial Technologies, an upcoming digital retail bank founded by Citrus Pay cofounder Jitendra Gupta, has received $24 million in its maiden funding round. The funding is backed by a long list of institutional investors including Greyhound Capital, 3One4 Capital, Germany’s Rocket Internet, venture capital funds Matrix Partners and Sequoia Capital. Gupta, a former PayU […]

By Reposted by International FinTech | Banking . FinTech . Investing . Venture Capital
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Nov
04

Dutch fintech to bring mobile payments to South America’s smallest country

Dutch fintech Move4Mobile has developed a mobile payments app for Hakrinbank, bringing online payments to Suriname, the smallest country in South America. The app, named Mopé, will enable anyone with a smartphone to make purchases and transfer money electronically in a country where the majority of transactions are performed using cash. Mopé provides a mobile […]

By Reposted by International FinTech | FinTech . Payments
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