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Visa’s acquisition of Plaid for $5.3 billion at the beginning of the year set a high mark for mergers and acquisitions among Finovate alums in 2020. How have subsequent deals among our alums in the fintech space measured up? Unfortunately, many M&A deals keep their financials well under wraps, which makes comparisons difficult. But we Read more…
QR code payments may not inherit the earth. But they may be one of the key technologies developing countries can leverage in order to bring both untaxed merchants and underbanked consumers into their formal national economies. These are some of the top level conclusions reached in the report – QR Code Developments May Disrupt the Read more…
Two Finovate alums will be among the 12 startups selected to participate in Mastercard’s Start Path program. Thought Machine, a core banking technology provider, and Enveil, a data security firm specializing in protecting Data-in-Use, will join 10 fellow tech startups for the six-month virtual accelerator program. Amy Neal, SVP, Start Path and Fintech, Mastercard, suggested Read more…
The CEE region – Central and Eastern Europe – has been the source of some of the week’s most compelling international fintech headlines. Among them was news that digital alternative bank Revolut has gone live in Lithuania. The company said that it will passport its Lithuanian banking license – which it secured in 2018 – Read more…
Mambu, the cloud-based banking platform based in Germany, is partnering with U.K. business banking platform Tide to power the company’s revolving credit facilities and overdrafts for small businesses. “There is a need to be flexible, agile, and customer-centric in the design of financial products,” Managing Director of Mambu EMEA Eelco-Jan Boonstra explained. “Legacy technology constraints Read more…
The prospects for insurtech this year were bright. In February, financial services-based VC firm Anthemis announced that it was launching a new, $90 million fund focused on “fast-growing insurance technology startups.” The fund, which Anthemis anticipated would be fully-funded later this year, will target later-stage insurtechs with a proven track record in helping insurance companies Read more…
From sharing customer data to smart payments, a number of central banks around the world are turning to blockchain technology to make markets easier for new entrants and to improve processes in everything from payments to regulatory authorizations. In Argentina, the country’s central bank has embarked upon a pilot project with IOV Labs, which has Read more…
What have the companies that demonstrated their latest technologies at our west coast fintech conference last spring been up to in the months since then? We’ve moved the event later in the year in 2020 due to the public health concerns over the coronavirus pandemic. But we still wanted to check in on these innovators Read more…
Germany’s Trade Republic Raises $67 Million While mobile trading and investing app Robinhood rallies from a rough March toward a rumored $200+ million funding round, the company many are calling its European equivalent is making headlines of its own on the other side of the pond. Berlin-based Trade Republic, which offers a mobile app that Read more…
What a week it’s been for the challenger bank business in the Land Down Under! Australian small business challenger bank Judo just announced a major fundraising, securing an investment of $307 million (AUD 500 million) from a pair of Australian government agencies. The Australian Office of Financial Management (AOFM) and the Australian Structured Finance Support Read more…
Indian online financial products marketplace BankBazaar has boosted its current Series D round by $3.8 million. The capital comes from Amazon and Walden SKT Venture Fund, who have joined Sequoia, GUS Holdings, and Eight Roads Investments in the round. This week’s investment adds to the $30 million in Series D funds BankBazaar raised in 2017. Read more…
With a global pandemic reshaping the way we live and work, Finovate VP Greg Palmer and his Finovate Podcast turned to two of our industry’s most insightful observers this week to help put the current challenges to fintech in context. Ron Shevlin, Managing Director of Fintech Research at Cornerstone Advisors, is one of the world’s Read more…