SoMoLend raises $1.17 in Seed Funding.
- TradeKing and Zecco announce agreement to merge.
- The Economist names CurrencyFair as an option for transferring money abroad.
- The Economist looks at how Wonga, Mint, SaveUp, and ReadyForZero use Big Data.
- Xconomy reports Kony Solutions receives $15 mil in Series C financing.
- Finextra reports SafetyPay takes e-commerce cash payment service global.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.