Finovate is part of the Informa Connect Division of Informa PLC
This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
We’ve asked our FinovateFall demo companies to use a Mad Libs fill-in-the blank format to describe themselves in order to get to the heart of the matter: What have they built? What problems are they solving and for whom? And, finally, how do they do it? The demoing companies that will take the stage this Read more…
With Pay by Bank, Mastercard and Worldpay are making it easy for shoppers in the U.K. to pay directly from their bank account when purchasing goods and services online. The technology, originally developed by Zapp (which was a division of VocaLink, a company Mastercard acquired in 2016) is expected to be available to customers of Read more…
In a round led by Franklin Templeton Investments, B2B robo advisor Bambu has raised $3 million in Series A funding. The capital will be used to fuel the Singapore-based fintech’s global expansion. “We are incredibly grateful for the support of all our existing and new investors and customers in helping us to build a leading Read more…
Now we know what happens when a global information solutions company with a talent for credit scoring and a small business financing specialist get together to help SMEs in Canada to better understand their credit profile and obtain the financing they need. Equifax Canada and Thinking Capital have launched a new solution, BillMarket, designed specifically Read more…
Strands and Mastercard are working together to provide issuing banks with an integrated platform of digital cash management and commercial payment tools designed for SMEs, reports Antony Peyton of FinTech Futures (Finovate’s sister publication). According to the duo, Strands’ business financial management (BFM) will use Mastercard’s digital payment technology to deliver solutions to these businesses Read more…
For international remittance platform Azimo, the world just became a bit more flat. That’s because the U.K.-based company recently expanded its services to allow customers to send money to 10 more countries. Azimo users in Denmark, Norway, and Sweden can now send funds to bank accounts in Thailand, Vietnam, Hong Kong, Singapore, Australia, New Zealand, Romania, Bulgaria, Croatia, Read more…
Best funding quarter for Finovate alums to date. There’s no other way to put it. With more than $1.5 billion raised by 37 alums, the second quarter of 2018 is twice as large as the previous year’s Q2. Not only that, but this year’s second quarter is also the biggest quarter for equity funding Read more…
Fortytwo Data, the London-based anti-money laundering (AML) and client screening platform provider, introduced an enhanced version of its Sanction Screening Augmentation platform this week. The upgrade means that the company’s entity screening technology is now capable of reducing false positives by up to 93%. In a press release, the company noted that false positives are Read more…
In a round led by MARCorp Financial, global money transfer platform Paysend has raised $20 million in new funding. The company said that the capital, which takes the company’s total to $23 million, will help it launch new services and expand globally. “Paysend has created the first integrated B2B and B2C global payments business Read more…
P2P lending platform Zopa not only announced its move back into profitability, it also released a handful of metrics suggesting growth sustainability in the P2P industry. After the U.K.-based company was founded in 2005, it reached profitability in 2011 and continued that momentum until 2012. Five years later, and after a bit of restructuring, Zopa Read more…
Just two months after announcing plans to acquire CallCredit for $1.4 billion, credit reporting agency and risk information provider TransUnion has finalized its purchase of device intelligence company iovation. TransUnion announced its plans to acquire iovation in May and received authorization from the FTC last month. The terms of the deal were not disclosed. Today’s Read more…
European robo advisor additiv its leveraging is relationship with Orange Business Services to make its cloud-based digital wealth management technology available to banks and other FIs. Offered as a SaaS solution, additiv’s wealth management as-a-service technology features out-of-the-box solutions including robo advisory, portfolio management, and client and advisory dashboards. “By partnering with Orange Business Services Read more…