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Behavioral analytics company Featurespace has raised $21.9 million today. The round was led by Highland Europe and supported by Worldpay, Touchstone Innovations, Invoke Capital, and existing investors. Today’s investment brings the company’s total funding to $38.3 million. Global payments company Worldpay will play a strategic role in the investment as well, forming a technology partnership with Read more…
Equity crowdfunding platform OurCrowd has furthered its global expansion by opening an office in Spain this week. The company’s founder and CEO Jon Medved has identified Spain and the Iberian region as one of OurCrowd’s “priority markets,” considering Madrid is in the “heart of Europe” and a “gateway into South America.” The Jerusalem-based company has established a Read more…
Software development services company Luxoft has bolstered its skillset recently. The Switzerland-based firm announced last week it acquired fellow Swiss company UNAFORTIS, a wealth management consultancy. UNAFORTIS is a leading implementation provider of Avaloq, a popular software package that offers fully integrated banking software for the back, middle, and front office. This addition is expected Read more…
Data security specialist Vera announced a massive new client today. The California-based company will offer its data security services to help General Electric (GE) protect product designs, intellectual property, and proprietary data. Specifically, Vera is responsible for helping GE automatically secure intellectual property and control how third parties use and access sensitive documents. Vera will also Read more…
Blockchain solutions company Ripple is bolstering its presence in Asia this week with the launch of an office in Singapore. In a blog post, Ripple said that it selected Singapore to support its growing Asia Pacific customers, including Standard Chartered. The company also notes it favored Singapore because of its “publicly stated ambitions to be the Read more…
Digital gifting platform Swych has closed its Series A round with a “major strategic capital investment” from UAE Exchange Group. The amount of the investment was undisclosed. “Swych’s global gifting technology and vision fits well with our strategy to foster purpose-based money transfers,” UAE Exchange Group CEO Promoth Manghat said. “As a group, we are Read more…
In a round led by Wildcat Venture Partners and featuring participation from current investors Mohr Davidow Ventures and MassMutual Ventures, student loan repayment assistance platform Tuition.io has raised $7 million in new funding. The Series B round brings the company’s total capital to more than $15 million. “We are committed to expanding our student loan Read more…
Client lifecycle management (CLM) software vendor Fenergo has landed a deal with Santander Global Corporate Banking to revamp its client onboarding process, reports Tanya Andreasyan of Banking Technology (Finovate’s sister publication). Fenergo CLM will be rolled out to Santander’s operations in Europe, Asia, and the Americas, across multiple business lines. The first site will be in Read more…
Fintech innovation is experiencing its highest-ever interest levels, and 2017 has seen some revolutionary new ways of doing business emerge. With the stage set for an explosive 2018, what are some of the top innovations to watch out for next year? Hear what global industry leaders predict for the future of fintech. Nick Ogden Read more…
According to Google Trends, the search term “fintech” only began its upward swing in search popularity in January 2015, hitting its peak in May 2017. This rapid increase in search prevalence came as a result of the world’s collective interest and investment in financial innovation and disruption. While the evolution of financial technologies and innovation Read more…
ABN AMRO’s venture capital fund, the Digital Impact Fund (DIF) has made an investment in Cloud Lending Solutions this week. The amount of the funding was not disclosed. “We are excited for the long-term support of ABN AMRO’s Digital Impact Fund with this investment,” Cloud Lending Solutions CEO Snehal Fulzele said in a statement. “We Read more…
Singapore-based B2B roboadvisor Bambu has completed a funding round that featured a strategic investment from Franklin Templeton Investments and venture capital funding from Wavemaker Partners, part of the Draper Venture Network. Also participating in the round was fintech and global robo advisor investor and advocate, Robby Hilkowitz. “Bambu is now a growth stage company in the rapidly changing Read more…