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Lendsmart, which took home Best of Show honors in its FinovateFall debut last year, announced a new partnership with Freddie Mac this week. The digital lending platform has integrated with Freddie Mac Loan Product Advisor, the firm’s automated underwriting system, to improve the loan origination process for both lenders and borrowers by reducing processing time. Read more…
Six years after its launch, Danish fintech Pleo has become Europe’s latest fintech unicorn. The smart company card provider announced early this week that it had raised $150 million in Series C funding – the largest Series C round for a Danish company to date – earning a valuation of $1.7 billion in the process. Read more…
Barcelona, Spain-based Strands and Singapore’s credolab announced a partnership this week that will give banks a new solution to help their customers make better decisions with their finances. The collaboration will embed credolab’s credit scoring technology into Strands personal finance management platform, giving banks the real-time ability to obtain relevant customer insights with embedded risk Read more…
Eighteen months after the U.S. Justice Department blocked Visa’s attempt to acquire Plaid, the company is back at the counter with a similarly ambitious acquisition: the purchase of European open banking platform Tink for $2.1. billion (€ 1.8 billion). “Visa is committed to doing all we can to foster innovation and empower consumers in support Read more…
FinovateAsia Digital is in the books! A big thank you to our sponsors – DreamQuark, InterSystems, and CleverTap – our demoing companies – Amber, Crayon Data, Dreams, FinBit.io, QuickFi, and Strands – our speakers and, of course, our attendees. Your innovations and insights helped make our second, all-digital FinovateAsia conference a great success. What did Read more…
The fact that venture capital has been pouring into Latin America of late has been hard to ignore. This week’s news that Kredi, a Mexican company that hopes to become the “Rocket Mortgage” of Latin America, had raised $3.1 million in funding was a reminder that fintech funding in the region is as diverse as Read more…
This is a guest post from Adam Goulston, copywriter, editor, marketer, and researcher with Scize Group. Asia is the global leader in fintech, according to a survey of 27,000+ digitally active consumers in 27 markets. And in Asia, China and India are big leaders – over half their active adult consumers use fintech services regularly. Read more…
With companies hailing from Singapore, Australia, and India, as well as Europe and the U.S., FinovateAsia Digital is a great opportunity to find out more about fintech innovation in the APAC region. Our all-digital fintech conference – June 22 and June 23 – is also a good way to learn how companies outside of Asia Read more…
Two of the biggest news items in international fintech this week also reflect two of the biggest trends in the industry in recent years: interest-free retail financing and the rise of digital assets. With regard to the first, Stockholm, Sweden-based Klarna announced this week that it hauled in a whopping $639 million in new funding Read more…
It’s a good week to be a fintech in Latin America. Uruguay-based fintech dLocal made its Nasdaq debut, raising more than $617 million in an IPO that gave the firm a valuation of $6 billion. The company, founded five years ago, offers a payments platform that enhances the ability of global merchants to operate in Read more…
“China-backed and Africa-focused” is a way to describe much of the investment that has poured into sub-Saharan Africa in recent years. This week’s news that African-based fintech platform OPay is in the process of raising $400 million in new funding – giving the firm a valuation of $1.5 billion – is the latest example of Read more…
Finovate Global extends a special thanks to the demoing companies, keynote speakers, and attendees that joined us for FinovateSpring this week via our digital platform. On Demand video from the conference will be available soon. And for Finovate Global readers with an interest in innovators from outside of the U.S., here are some of the Read more…