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Fintech has a brand new unicorn. Supply chain financing innovator Tradeshift has locked in $250 million in new capital courtesy of a just-completed Series E round. The investment was led by Goldman Sachs and the Public Sector Pension Investment Board, and featured participation from HSBC, H14, Bullhound, and a new venture firm founded by Tradeshift Read more…
With $4 million in new funding, BondIT has added to the Series B investment it announced last fall and taken the round’s total to $18.2 million. St. Louis Business Journal reported this week that the fixed income portfolio management platform provider plans to use the capital for product development among other initiatives. The company’s Series Read more…
Moving money with international money transfer platform PaySend just got a lot more secure. German KYC and anti-fraud technology solutions provider 4Stop has integrated its KYC, compliance and risk management technology with the company’s platform. “We have always been focused on solving and removing the complexities for businesses’ KYC, regulatory obligations and fraud prevention obstacles Read more…
Digital rewards-as-a-service platform Tango Card may be doing a little dance today. That’s because the Seattle-based company just closed a $35 million round of funding, bringing its total funding to $54.8 million. The growth equity investment comes from FTV Capital. Tango Card plans to use the funding to grow its Reward Delivery Platform and Rewards Read more…
Global payment and receivables solutions provider Flywire has added a new international invoicing service to its offerings. The solution, which has been delivering thousands of invoices worldwide every month as part of a six month beta with select customers, will be available free of charge and can be deployed as a stand-alone product or integrated Read more…
Social trading platform eToro is broadening its expertise this month, announcing its entrance into the cryptocurrency exchange market, the launch of a mobile wallet, as well as an expansion into the U.S. market. The exchange and wallet will be available across the globe, marking the company’s first availability in the U.S. market, where eToro will offer Read more…
Broke: Sending money to friends and family. Woke: Sending money to nearby strangers. Thanks to Revolut’s latest solution, Near Me, Revolut users will be able to send and request money from more than just the people they know well. The company’s latest feature leverages geolocation technology to enable users to split bills and send money Read more…
Equity crowdfunding platform OurCrowd recently reached a major milestone. The Israel-based company has surpassed $1 billion in assets under management. OurCrowd is currently backing 150 startups across the globe and has previously helped 20 startups successfully exit from funding since its launch in 2013. One of OurCrowd’s most notable investments is Hyperloop, which it backed Read more…
Blockchain-based identity solutions company Trusted Key pulled in $3 million this week. The seed funding was led by Founders Co-Op with participation from Pithia, the venture capital company of The RChain Cooperative. Combined with the company’s $1.1 million debt round last April, Trusted Key’s total funding stands at $4.1 million. Trusted Key will use the investment Read more…
The future [of banking] depends on the customer’s needs, says Alex Jimenez, Vice President Senior Strategist at Zions Bancorporation. Jimenez gives us a snapshot of his views on where the US banking industry is heading ahead of his session at FinovateSpring 2018 about “The platformification of banking, providing customers more choices“. A couple of years Read more…
Courtesy of a new partnership with FactSet, cloud-based algorithmic trading platform Quantopian is launching a new service, Quantopian Enterprise. The new paid offering gives quantitative finance professionals a flexible data science platform that combines Quantopian’s Python-based research environment with FactSet’s expertise in data aggregation and integration. “We believe you can be more successful with more markets and more Read more…
Revolut is fintech’s latest unicorn. An investment round of $250 million led by DST Global has boosted the company’s valuation to $1.7 billion and made Revolut the first U.K. digital bank to gain the lofty status among fintech’s most richly-financed startups. “Three years ago, Revolut was nothing more than a few coders with a crazy Read more…