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Are you building new financial technology? Be sure to register soon for the only event exclusive for fintech developers, FinDEVr 2015, Oct 6-7 (fewer than 6 weeks away!) in San Francisco. Developer news Royal Bank of Scotland to host hackathon in partnership with Open Bank Project. The latest from upcoming FinDEVr 2015 presenters PayPal’s One Read more…
Do VC investors slow down in the summer? Not this year. Since 1 June 2015, we’ve seen 189 fintech deals globally raising a total of $3.1 billion. And this week was no different, with the highest number of funded companies since we began tracking a year ago. In total, 27 companies raised $345 million ($257 Read more…
Courtesy of an investment from Texas Ventures and featuring additional participation from angel investors in the U.S., Digital Retail Apps is C$1 million (US$770,000) closer to its goal of going global. Digital Retail Apps is the company behind SelfPay, the mobile payments technology that alleviates the most overlooked pain point of the in-person payment process: the queue. “We Read more…
Following one of the biggest weeks ever ($580 million), new fundings to the fintech sector cooled to under $100 million this week. More than half (55%) of the funds went to companies outside the United States including India’s mPOS provider Ezetap ($23.5 million) and Germany’s deposit brokerage SavingsGlobal ($21.8 million). In total, 11 companies raised Read more…
A $15 million Series D round led by FTV Capital has boosted to $50 million the total capital of prepaid solutions provider CashStar. New investor Mosaik Partners and current investors, Passport Capital, Intel Capital, and North Hill Ventures also participated. The additional capital will help CashStar invest in product innovation, sales, and “client success.” Founder Read more…
Are you building new financial technology? Be sure to register soon for the only event exclusively for fintech developers, FinDEVr 2015, on 6/7 October in San Francisco. Industry news SETL uses blockchain to help facilitate settlement of market transactions. PaymentsViews interviews Doug Yeager, inventor of Host Card Emulation (HCE) Let’s Talk Payments looks at how Read more…
Are you building new financial technology? Be sure to register soon for the only event exclusively for fintech developers, FinDEVr 2015, on 6/7 October in San Francisco. Industry news Let’s Talk Payments highlights 29 APIs to consider before building any fintech product; many are FinDEVr alums. New Y Combinator program for “very, very early stage Read more…
At the upcoming FinDEVr, 60 leading fintech companies will present their developer-friendly APIs, SDKs, and other solutions to an audience of financial builders and their technical colleagues. It’s the one place to gather tips and techniques from a wide cross-section of fintech players in just two days, all at an affordable price. For a personal Read more…
Last week I received new credit cards from US Bank and Capital One, both containing microchips to support EMV terminals, the global standard finally rolling out in the United States over the next few years. Given the world’s obsession with tech, it’s a good time for issuers to toot their own horns a bit. The Read more…
In partnership with HomeSend, a global remittance hub jointly developed by MasterCard, eServGlobal, and BICS, Azimo has added ten countries in Africa and the Asia-Pacific to the roster of nearly 200 countries its European customers can send money to. HomeSend CEO Stephen Doyle credited Azimo’s “convenience, security, competitive pricing, and near-instant delivery” in explaining why Read more…
Today, Revolut is publicly launching its money-remittance platform and multicurrency card that lets users spend and exchange money at interbank rates in real-time. The London-based company is also announcing $2.3 million of new funding from a Venture Round led by Balderton Capital, with participation from SeedCamp. This brings the startup’s total funding to $2.8 million. Read more…
The Wall Street Journal reported yesterday that venture fundings of $19.2 billion in Q2 were just shy of the peak dot-c0m era (see inset). While the data wasn’t broken out by sector, I’d wager that last quarter’s $5 billion in fintech-startup funding was 5x to 10x more than in 1999/2000. Is there too much being Read more…