FinTech Startups

Feb
15

Singapore notches record US$229m fintech funding in ’17: KPMG

BUOYED by US$122.75 million of funding in the fourth quarter, Singapore achieved a record high of US$229.1 million of fintech funding in 2017, according to KPMG’s Pulse of Fintech report. The record was attained despite a dip in the number of deals done throughout the year – from 37 in 2016 to 29 in 2017. […]

By Reposted by International FinTech | FinTech . Investing . Venture Capital
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Feb
07

Malaysian company partners with Chinese Alipay in digital wallet

Malaysia has witnessed a growing mobile wallet sector since the entry of the Ant Financial’s mobile solution Alipay into the country. Many Malaysian players have hurried into the mobile payments bandwagon to step into Malaysian e-commerce market, including MOL Global Inc. The group has launched its owned mobile wallet One2pay in the last month, after […]

By Reposted by International FinTech | FinTech . Payments
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Feb
07

Belgium’s crowdfunding market doubles in size in one year

Belgium’s crowdfunding market has doubled in one year to over 22 million euros invested in 80 funding operations, according to the annual barometer of the FinTech Belgium Federation, which represents professionals in this sector (start-up, scale-up and investors). Look&Fin is the biggest lender in this sector, providing a total of 15.2 million euros for 46 […]

By Reposted by International FinTech | FinTech . Investing
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Feb
07

U.S. states join forces on fintech licenses

Banking regulators of seven U.S. states have agreed to simplify the way financial technology companies can apply for licenses, in a bid to make it easier for businesses to offer their services nationwide. The states of Georgia, Illinois, Kansas, Massachusetts, Tennessee, Texas and Washington, will recognize each other’s findings when assessing the suitability of companies […]

By Reposted by International FinTech | FinTech
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Feb
07

Cybersecurity dominates EU Fintech Action Plan

Cybersecurity takes top billing in the European Union’s upcoming Fintech Action Plan, with a draft emphasising efforts to improve cooperation and coordination between market participants and regulators. Recognising its potential threat to the stability of the financial sector, the European Parliament has called on the EC to make cybersecurity “the number one priority” in the […]

By Reposted by International FinTech | FinTech
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Feb
02

Alibaba is picking up 33% of Ant Financial, its fintech affiliate that’s valued at over $60B

Alibaba has added an additional angle to the announcement of its latest financial report today with news that it is taking a 33 percent stake in Ant Financial, its fintech affiliate that operates Alipay and other financial services. The deal, which both parties said stems from an agreement made in 2014, will see Alibaba pick […]

By Reposted by International FinTech | FinTech . Investing . Payments
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Feb
02

Paris is city of Fintech love for startups seeking hookups

The fintech dating game is on in Paris. Entrepreneurs in Europe’s financial-technology sector are pushing low-cost payments solutions to steal market share from banks, hoping the challenge they pose will spur the lenders to buy them or seek partnerships with them. Many startups are eyeing deals or potential backing as they converge on Paris this […]

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

Israel’s OurCrowd to hit $1 bln in assets from crowdfunding in ’18

Israel’s equity crowdfunding platform OurCrowd said on Wednesday it expects to surpass $1 billion in assets under management in funds raised through equity crowdfunding in 2018. Since its inception in 2013, OurCrowd has raised $650 million for 145 startup companies and 12 funds, it said at the outset of its annual investor summit. In 2017, […]

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