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In a round led by New Enterprise Associates (NEA) and Wing Venture Capital, mobile identity scoring specialist Juvo raised $40 million in new funding. The Series B, which featured participation from SignalFire and other existing investors, takes the company’s total funding to $54 million. Juvo will use the funds to drive global expansion, especially in Read more…
Is there a fintech company having a more impressive summer than Klarna? The e-commerce innovator has forged strategic partnerships with and secured investments from Brightfolk, Visa, and Permira in the past two months. In June, the company added a full banking license to its assets, making Klarna “one of Europe’s largest banks” in the words of CEO Read more…
What’s in a name? Blockchain solutions company Ripple is about to find out. Today, the company has unveiled a new name for its existing global payments network, as well as a handful of new solutions. RippleNet, the global payments network, has more than 90 customers and is undergoing more than 75 commercial deployments. The network’s digital Read more…
Global payments company Worldpay released a handful of new features this week for its Worldpay Total platform, an API-based omni-channel payments solution for card-not-present (CNP) merchants. This comes just 10 months after the platform was launched. The new features are not only aimed at existing users, but Worldpay also hopes to leverage the tools to Read more…
Now, that’s brain power. Payment platform Braintree announced this week that it now processes more than one billion payment transactions per quarter. “This is another significant milestone in the Braintree story as we continue to prove how uniquely well-positioned we are – in partnership with the power and reach of PayPal’s global two-sided network – Read more…
Our expanded FinovateFall conference is coming up on September 11 through 14, and we’re taking a look at each of the six summit discussions that will take place after the demos. In the final segment of this series, we’re examining future technologies. Summit #6: Future technology The year was 2000. AOL and Timer Warner merged, Tate Modern and the London Eye Read more…
In the Quebec-based company’s first round of funding, data management platform TickSmith announced today it has raised $1.6 million ($2 million CAD) from Illuminate Financial. TickSmith will use the funds to further commercialize TickVault, its flagship product that works like a financial data lake for capital markets. Based on Hadoop technology, TickVault records, stores, and transforms Read more…
IoT technologies are on the rise– in fact, Gartner predicts that connected things will reach 20.4 billion by 2020. This flood of new capabilities comes with the need for enhanced security in a field where developers have hacked everything from self-driving cars to wifi-connected Crock Pots. That’s why IBM announced yesterday that its security arm is launching testing services for the internet Read more…
Adding to our stellar line up of leading women in fintech, we speak to Alex Foster about how she has become Head of Insurance & Finance Sector & Post Trade Services at BT, and what she would suggest if you were just starting out as a woman in tech. How did you start your career? I always Read more…
Less than a month after announcing strategic fundings from Visa and Brightfolk A/S, Klarna is back in the fintech headlines with news of a new strategic investment from a partnership advised by global investment firm, Permira. The partnership will acquire shares from a trio of existing shareholders – DST Global, General Atlantic, and Niklas Adalberth – in Read more…
Post updated to present Showcase sponsor, Fintech71 and latest Showcase addition, FinTech Innovation Lab. — To prepare for our expanded FinovateFall conference in September, we’re taking a look at some of the new additions during Discussion Days September 13 and 14. Today, we’re previewing our Showcase of Accelerators, Incubators, and Innovation Labs on the 14th. FinovateFall 2017’s showcase on Read more…
Consumer data contextualization company Flybits pulled in $6.5 million this week, bringing the Toronto-based company’s total funds to $14 million. The Series B funding was led by Information Venture Partners. New investor Portag3 Ventures LP also participated along with existing investors Robert Bosch Venture and Trellis Capital. As a part of the agreement, Information Venture Partners’ co-founders Read more…