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If you’re a startup with a ready-for-market solution that can be used by large FIs or scaled to millions of customers, then Columbus, Ohio’s newest fintech accelerator, Fintech 71, may be just what you’re looking for. But don’t just look. The application deadline for Fintech 71 is less than one week away on July 17th. For more Read more…
In a round led by Index Ventures and featuring participation from existing investors Balderton Capital and Ribbit Capital, Revolut has locked in $66 million in new funding. The investment takes Revolut’s total capital to more than $81 million raised since the London-based company was founded in 2015. “We will be using the investment raised to take Read more…
And now for some news out of Russia that includes nary a mention of Messrs Trump and Putin. Just a few weeks after their debut at our developers conference in London, CASHOFF has won a place in the first ever Innotribe Startup Challenge Russia. The company, which specializes in collecting and analyzing financial data for use in credit Read more…
Ayondo is taking its social trading revolution to Spain. “We are extremely excited to join the Spanish retail trading market,” ayondo co-founder and CEO Robert Lempka said. “We will introduce the new concept of Social Trading to Spanish investors.” The brokerage and social trading innovator is planning two new offices in Spain, one in Barcelona and another Read more…
Just in time for the weekend, your friendly neighborhood fintech blog has your back! First off, the presentation videos from FinDEVr London are up. If you missed our developers conference in the U.K. earlier this month, this is a great opportunity to see every minute of every presentation from the show. Want to know the Read more…
To prepare for our expanded FinovateFall conference on September 11 through 14, we’re taking a look at each of the six summit discussions that will take place on days 2 and 3 of the conference. Today, we’re previewing trends in Digital Lending. Summit #2: Digital Lending Lending is the foundation of banking. So it is little surprise that some of Read more…
The new CX Design for Banking solution from Avoka is geared to help financial institutions remove friction from their digital customer acquisition and onboarding processes. Through a combination of human design experts and analytic tools, CX Design for Banking helps decrease applicant abandonments, increase conversion rates, and make it easier and more engaging for customers to work Read more…
“My, what a fine, new banking license you have there, Klarna!” We don’t know if Klarna’s decision to obtain a banking license played a role in Visa’s decision to invest an undisclosed amount in the Swedish payments innovator. But the announcement today that Visa has bought a small stake in Klarna is a big vote of confidence Read more…
Call them two great biometric authentication innovators that innovate great together. In a newly-announced partnership, Finovate alums EyeVerify and Daon will work together to integrate EyeVerify’s Eyeprint ID into Daon’s IdentityX authentication platform. The integration marks the first time eye recognition-based biometric technology has been available on Daon’s flagship solution. “Daon has a long history of meeting Read more…
It may be money that makes the world go ’round but that only works if money goes ’round the world. Cross-border payment and receivables solution, Flywire (formerly peerTransfer) is seeking to facilitate that movement. Now, the Boston, Massachusetts-based company announced it has teamed up with PayPal to offer clients a new avenue for sending and receiving Read more…
In a round led by BlackRock, robo advisor Scalable Capital has raised $33 million (€30 million) in new capital. Also participating in the Series B were existing investors HV Holtzbrinck Ventures and Tengelmann Ventures. The company, with offices in London, U.K., and Munich, Germany, now has total funding of more than $45 million (€41 million). Read more…
As former Vice President Joe Biden might put it, today’s news that Klarna has been granted a full banking license is truly a BFD. “Big Fintech Deal,” that is. “We are now one of Europe’s largest banks with 60 million customers, 70,000 merchants, and working seamlessly across borders,” Klarna CEO Sebastian Siemiatkowski said (pictured). He Read more…