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This week, small business software company IP Commerce landed its first round of funding since it was founded in 2007. The amount was undisclosed. Top-name investors contributed to the round: First Data Ventures Intel Capital Meritage Funds Camp One Ventures Augury Capital Partners Service Provider Capital The company’s flagship product, Commerce Sync, helps its 7,000+ Read more…
Password manager and digital wallet startup Dashlane launched a completely redesigned platform this week. Dashlane offers a freemium password manager that automatically logs in to your accounts with a single password. It also provides one-click autofill for web and mobile forms, and a digital wallet that saves payment information and receipts. Here’s the new look, a consistent user experience across all platforms and operating systems. The redesign Read more…
In a round led by Zouk Capital, financial supply-chain specialist Taulia has raised $46 million in new funding. A number of unnamed, new strategic and institutional investors participated in the round, as well as all of Taulia’s existing institutional investors. The new infusion of capital takes the company’s total to more than $130 million. Taulia Read more…
Global investment management firm, Invesco, has acquired Jemstep, a startup that provides digital financial planning resources for professional advisers. Terms of the purchase were not immediately available. “We believe investors are best served by partnering with a financial adviser to reach their unique investment goals,” says Martin L. Flanagan, Invessco CEO and president. “Jemstep’s proven Read more…
Mambu, creator of a cloud-based SaaS banking platform, raised $8.7 million (€8 million) this week. Combined with the $1.5 million the company picked up in February 2013, its funding now tops $10.6 million. The round was led by Acton Capital Partners and CommerzVentures; existing investors also contributed. Mambu CEO Eugene Danilkis speaks to the purpose Read more…
CUneXus, developer of sales and marketing technologies for lenders, raised $1 million in new equity funding from an unnamed strategic partner. Combined with a 2013 seed round, the company’s total funding stands at $1.7 million. The California-based company plans to use the funding to support a number of initiatives, including a product launch with newly signed partner, Edmunds.com, an online resource for car buyers and sellers. While Read more…
In a round led by Pelion Venture Partners, blockchain technology specialist and FinDEVr alum Gem raised $7.1 million in funding. Also participating in the Series A were: Amplify.LA Blockchain Capital Danmar Capital Digital Currency Group Drummond Road Capital KEC Ventures RRE Ventures Tamarisk Global Tekton Ventures Angel investor James Joaquin also participated in the financing, Read more…
Are you building new financial technology? Be sure to check out coverage from our recent developer conference in San Francisco. We’re taking the fintech developer tool showcase to New York on 29/30 March 2016. Stay tuned for details. The latest from FinDEVr San Francisco 2015 presenters Fortune: How Venmo plans to make money. PayPal and Read more…
There may be a bubble in tech investing. But if there’s one in the fintech sector, the dozens of investors in these 23 companies didn’t get the memo. In the last full non-holiday week of the year, $685 million poured into fintech companies worldwide. The vast majority went into alt-lending, including NYC-based Pave, $300 million; Read more…
After the Fed raised interest rates earlier this month, I received a lot of questions about what effect the move will have on the fintech industry. Peer-to-peer lending platform Lending Club [NYSE: LC] yesterday offered one answer. Lending Club, which went public late last year, announced Tuesday it will raise interest rates on new loans Read more…
In a bid to grow its fund accounting and business process services and capabilities, Bangalore-based IT consultancy Wipro has agreed to acquire Viteos Group. The Times of India reports a purchase price of $130 million. Viteos Group provides a proprietary platform built for cross-border, any asset class, any currency, post-trade operations for the U.S. alternative Read more…
Remember this spring when Ripple’s $28 million series A round overshadowed same-day news of the company’s expansion to Asia? This week we learned that distributed-ledger technology from Ripple is driving a blockchain-based invoice trading platform built by Standard Chartered Bank, DBS Bank, and the Infocomm Development Authority of Singapore. Ripple CEO Chris Larsen demonstrated the Read more…