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The fintech funding slowdown is officially a myth. In first quarter, both the money raised and the number of deals increased sequentially and year-over-year. In fact, Q1 was the biggest quarter in both number (334) and value ($6.7 billion) since we began tracking in mid-2014. And it was probably the biggest ever, since things really started heating Read more…
A new partnership between Santander U.K and Atlanta, Georgia-based small business lender, Kabbage, brings same-day funding to SMEs in the United Kingdom. As explained during a media briefing at the Money 20/20 event in Copenhagen, Denmark, small business owners will use Kabbage’s platform to apply for Santander-financed lines of credit between £500 and £100,000. The process is 100% online, available Read more…
Come for the $100 million Series E. Stay for the $700 million valuation. Betterment, one of the largest robo-advisers in the U.S., has raised $100 million in a Series E round led by Sweden’s Kinnevik, boosting the company’s valuation to $700 million. Also participating in the round were current investors Anthemis Group, Bessemer Venture Partners, Francisco Read more…
Mitek has hired Stephen Ritter as its new chief technology officer (CTO). Ritter joins the company after serving as SVP of engineering and research for Emotient, which was acquired by Apple in January. “I am excited to lead the Mitek Labs and engineering teams, and help create the future of mobile commerce,” Ritter said. As Read more…
Last week, 22 fintech companies raised a total of $159 million, of which at least $5 million was debt. It was the tenth week in a row with 20 or more fintech deals. By comparison, in 2015 we hit that mark 13 times during the entire year. The year-to-date total raised is $5.5 billion, more than double Read more…
Stock market research platform Stockviews has raised £250,000 ($355,000 USD) in seed funding. Participating in the round were angel network Craigie Capital, the London Co-Investment Fund, and former head of Fidelity International, Thomas Balk, who will join Stockviews’ board of directors as chairman. Stockviews CEO Tom Beevers called Balk’s decision to join the company “a Read more…
Fintech veteran Pamela Joseph has been chosen by TSYS to serve as the company’s new president and chief operating officer. The move comes less than a year after Joseph retired from her position as vice chair of U.S. Bancorp’s payment services division. M. Troy Woods, TSYS CEO and chairman, called Joseph “immensely respected” among payments Read more…
We’re taking our FinDEVr developer showcase to New York on March 29 & 30, 2016. Register today. Developer news Google Cast gets an analytics tool for developers. RingCentral opens its WebRTC API to developers. The latest from upcoming FinDEVr New York 2015 presenters Check out our FinDEVr New York preview series featuring: Solace Systems FairCom DigiByte Holdings Limited Praesidio Nostrum Read more…
One question I’m always asked during a Finovate networking session is, “Why don’t you put more women on stage?” My answer: we don’t dictate the gender of the company’s presenter. We leave that decision up to the company. This post is to celebrate the fintech industry’s growth of female inclusion. At the first Finovate conference in 2007, Read more…
After spending two years as ING Bank’s Chief Innovation Officer—as well as time as ING Direct’s General Manager—Brunon Bartkiewicz (circle picture) will once again be CEO of ING Bank Śląski. The change comes amid a flurry of activity for the Polish division of the innovative Dutch bank. Current ING Bank Śląski CEO Małgorzata Kołakowska will Read more…
Here’s some investment news we missed when it broke in late December: WorkFusion, a company that combines machine learning and crowdsourcing to automate business processes, raised $14 million in Series C investment. The round was led by Nokia Growth Partners, and featured participation from existing investors Greycroft Partners, iNovia Capital, Mohr Davidow Ventures, and RTP Ventures. The Read more…
We’re taking our FinDEVr developer showcase to New York on March 29 & 30, 2016. Register today. Developer news Emirates NBD Group and the Open Bank Project launch a global competition for fintech startups. The latest from upcoming FinDEVr New York 2015 presenters:a Check out our FinDEVr New York Preview series featuring: ZeroDB Fidor Mambu OnDeck Markit to deploy smart Read more…