Finovate is part of the Informa Connect Division of Informa PLC
This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
In one of the largest Series B rounds to date for a Singapore-based financial technology company, the social payments specialist Fastacash raised $15 million in new funding. The investment was led by Rising Dragon Singapore, UVM 2 Venture Investments, and frequent Finovate sponsor Life.SREDA, along with additional unnamed existing investors. The funding takes Fastacash’s total Read more…
What’s the most efficient way to understand the growth of a company? Look at the data, of course! P2P lending granddaddy, Prosper, recently published some facts and stats about its history, performance, and future plans. We dissected the key pieces: Prosper launched in 2006, and six years later, in 2012, the company had closed $150 Read more…
Was it good karma? San Francisco-based Karmic Labs, a company whose APIs offer payment and SaaS solutions to enterprises, pulled in $5 million in a Series A funding round today. The funds come from Greycroft Partners, who led the round, with participation from Trusted Ventures, Accelerator Ventures, Pipeline VC, Correlation Ventures and individual investor Iqram Read more…
Are you building new financial technology? Be sure to register now for the only event exclusively for fintech developers, FinDEVr 2015, 6/7 October in San Francisco. The latest from FinDEVr 2015 presenters Money Under 30 features personal finance apps from Personal Capital and Credit Karma. Bank Investment Consultant mentions Personal Capital in its look at Read more…
Naturally, we are always rooting for Finovate alums to make it big. And there are few fintech success stories bigger than 2008 alum, Credit Karma, which scored $175 million this week at a reported $3.5 billion valuation. That makes the credit-score provider the second most valuable alum (after Lending Club, currently trading at $6 billion). Read more…
An investment of $175 million has boosted Credit Karma’s total capital to $368.5 million and given the company a valuation of $3.5 billion. Participating in the Series D round were Tiger Global Management, Valinor Management, and Viking Global Investors. Credit Karma said the new funding will help them add new features to the platform. “Today, Read more…
Three Finovate alums, SizeUp, Token, and Pendo Systems won in their respective categories at the Innotribe 2015 New York showcase today in Manhattan. The three will join fellow New York showcase winners, Payfirma and Hyperledger—and 15 other finalists from showcases in London, Singapore, and Capetown—at the final competition at the Sibos conference in Singapore in Read more…
Happy International Family Remittance Day! And one international money-transfer startup is celebrating in style. London-based Azimo has just secured a $20 million investment from a team of new and existing investors. The funding takes Azimo’s total capital to $31 million, and puts the company’s valuation at an estimated $100 million. Frog Capital led the round, Read more…
According to Narrative Science, wealth managers today are challenged to provide better results for their clients, at a faster rate, and under tighter regulatory scrutiny than ever before. Fortunately, help is on the way in the form of Quill Portfolio Review, a new solution from Narrative Science made available this week. Quill Portfolio Review leverages Read more…
Updated: Former American Express executive Michael Rouse will be joining Klarna as the company’s chief commercial officer. In his new position, Rouse will be responsible for new business development, revenue management, and global partnerships and solutions. In a statement, CEO and Klarna co-founder Sebastian Siemiatkowski called Rouse a “perfect addition” as the company looks to Read more…
Funding was up sharply this week with 18 companies raising a total of $232 million (includes $20 million in debt). The total included five Finovate alums: Cachet Financial Solutions (public: CAFN) raised $4.4 million in a private placement, bringing their market cap to $8.6 million Mobile POS provider SumUp added an undisclosed amount, bringing total Read more…
Last fall we held our first developer’s conference, FinDEVr San Francisco 2014, and saw an impressive showcase of APIs and SDKs from a dozens of companies. Since then, we’ve gathered feedback, tweaked the format, and recruited outstanding presenters for this year’s FinDEVr conference. Pre-sale tickets are now on sale through the end of this week, Read more…