Venture Capital

Mar
06

China & Japan lead Asian interest in FinTech

Asia is continuing to demonstrate its commitment to FinTech and is helping to fuel global investment in the sector, according to a report from Accenture. In 2016, the amount of venture capital funding increased 10 percent to $23.2 billion, which was largely assisted by investments in China and Japan, reports Fortune. Over the last year, […]

By Reposted by International FinTech | Bitcoin . Blockchain . FinTech . Investing . Venture Capital
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Mar
06

Ant Financial enters the Philippines with Mynt lifeline

Ant Financial Services Group (formerly Alipay) is making its first foray into the Philippines via partnership with Ayala and investing into Globe Telecom’s Fintech business unit Mynt. The fresh capital infusion will help Mynt achieve its vision of becoming a world-class online and offline payment provider as well as scale up its mobile wallet services […]

By Reposted by International FinTech | FinTech . Investing . Payments . Venture Capital
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Mar
03

Kraken buys out digital currency data portal Cryptowatch

Cryptocurrency exchange Kraken has announced the acquisition of market portal Cryptowatch, a site that provides real-time market information and trading services. The deal has been revealed to be an acqui-hire, with the exchange retaining Cryptowatch founder Artur Sapek to further develop the toolkit. As part of the news, Kraken has also debuted a new trading […]

By Cameron Dart | Currency . FinTech . Investing . Venture Capital
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Mar
03

After raising $17-million, Toronto fintech firm eyes global expansion

Sensibill Inc., a Toronto-based startup that offers digital receipt technology for banks, has raised $17.3-million to supercharge its global expansion and dig deeper into artificial intelligence. It’s one of the largest series A early-stage financing rounds for a Canadian technology startup and signals the growing quality and influence of financial technology (fintech) companies in the […]

By Reposted by International FinTech | Banking . FinTech . Investing . Venture Capital
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Mar
02

Lending startup RedCarpet raises $2.5 mn from Lightspeed

Gurgaon-based micro-lending startup RedCarpet Tech Pvt Ltd has secured $2.5 million (Rs 16 crores) in a funding round led by venture capital firm Lightspeed Venture Partners, according to a financial daily. The funds will be deployed for improving the technology used for risk evaluation, adding new student-lending features, appointing data scientists and increasing market penetration, […]

By Reposted by International FinTech | Borrowing . FinTech . Investing . Lending . Peer-to-Peer . Venture Capital
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Mar
02

App-only bank Monzo’s crowdfunding is almost three times oversubscribed after less than 24 hours

App-only startup bank Monzo has attracted enough initial interest in its £2.5 million ($US3.1 million) crowdfunding campaign to fill it close to three times over, after less than 24 hours of pre-registration. Monzo opened pre-registrations for its crowdfunding at 10 a.m. GMT (5.00 a.m ET) on Tuesday, allowing users of its app to register interest […]

By Reposted by International FinTech | Banking . FinTech . Investing . Venture Capital
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Mar
02

Peer-to-Peer Lender Prosper to sell $5 Billion in loans

Prosper Marketplace, America’s first peer-to-peer lending marketplace, announced on Monday that it had closed a deal to sell $5 billion of loans to a consortium of investors over the next two years. The consortium includes New Residential Investment Corp., Jefferies Group, and Third Point. “We’re very pleased to be working with this consortium of investors, […]

By Reposted by International FinTech | Borrowing . FinTech . Investing . Lending . Peer-to-Peer . Venture Capital
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Mar
02

FinTech investment swings from west to east, Accenture

Yet more research trumpeting Asia-Pacific’s rise to the top of the FinTech pile, this time from Accenture. It finds that global investment in FinTechs grew 10% in 2016, to $23.2 billion, driven primarily by a wave of blockbuster deals in China. Financing in Asia-Pacific in 2016 eclipsed that of North America for the first time, […]

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