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Payments companies, especially mobile, have dominated the fintech news cycle for much of the past four years. But as those well-funded payments companies vie to become global standards, attention has turned to the lending arena. At least six alt-lending startups (not including China) have now passed the billion-dollar valuation mark: 1. LendingClub: $7.2 billion (public: Read more…
Mobile payments innovator Paydiant has been acquired by PayPal in a deal believed to be worth $280 million. The acquisition, announced in March, closed today. A specialist in white-label, cloud-based mobile payment, cardless ATM access, and offer-redemption and -loyalty solutions, Paydiant gives merchants, FIs, and processors the ability to provide and run their own mobile Read more…
San Francisco-based debt-management platform ReadyForZero has been acquired by newly rebranded Avant, a direct personal lender out of Chicago. Terms of the deal were not disclosed. A FinovateFall 2011 alum, ReadyForZero specializes in helping people pay down personal debt, and includes debt from credit cards, student loans, and mortgages. The company’s platform aggregates the user’s debts, and then recommends a Read more…
Cloud-based app-innovation platform Yodlee unveiled its Business Cash Flow with Forecasting FinApp today. The technology gives businesses the ability to see and analyze current cash flow, as well as read a forecast of cash flow for the coming three months. The final app includes three main features: Cash Flow Chart and Table: Provides graphic and Read more…
NFC and EMV compatible point of sale (POS) terminals used to be called future-proof. With Apple Pay, Samsung Pay, and the liability shift coming later this year in the U.S., the future is now. Handpoint, a U.K.-based company that offers its EMV (Chip & PIN) solution to merchants in Europe and South Africa, announced today it is Read more…
Kofax creates mobile and web solutions made to simplify customer interactions. The California-based company announced today it has been acquired by Kentucky-based Lexmark International, a global corporation with approximately $3.8 billion in revenue. Kofax’s Board of Directors, which accounts for 25% of the company’s shareholders, unanimously voted in favor of the merger. Lexmark will pay $11 per share in Read more…
London-based Aire.io, the startup that is democratizing credit scores for people with thin or no credit files announced a $1.1 million round of funding today. While Aire received the new installment in January, it has not been made public until now. The funding comes from existing investor SparkLabs Global Ventures, with additional contributions from: Andrew Mullinger Peter Jackson Tom Read more…
Finovate Debuts: AlphaPoint Powers Digital Currency Exchanges Around the World Temenos partners with Microsoft to launch T24 country model bank for Mexico. Coinbase adds support for FIX protocol for trade-order management. Q2 Holdings Completes $116 Million Follow-On Stock Offering CardNotPresent.com reports: Zooz to Expand Globally, Opens London Office MasterCard and Kabbage partner to make Kabbage’s Read more…
I’ll admit it: the only thing better than both Rippleshot and BioCatch making the finals in the MRC METAwards is the possibility that, since they are in different categories, there’s a chance both Finovate alums will take home the gold. Big-data anti-fraud specialist Rippleshot, and biometric authentication innovator BioCatch, will join four other fintech companies Read more…
Irish Independent reports on Fenergo and its plan to raise at least €10 million by fall. Lifehacker reviews elder financial abuse-prevention technology, EverSafe. ETF Trends takes a look at Wealthfront, Betterment, FutureAdvisor, and Motif Investing in a column on “robo-advice.” Silanis Technology to bring eSignLive’s esignature technology to Xpertdoc’s CCM platform. BodeTree launches Cash Tracker Read more…
While all lenders have ways to determine the creditworthiness of borrowers, not all have an efficient and effective process to do so. CRIF’s technology helps lenders maintain growth and agility while managing risk. CRIF is a global company focused on credit management, credit reporting, scoring, loan decisioning, and loan processing. Its modular solutions integrate with Read more…
How many Xero’s are there in $110 million dollars? The cloud accounting specialist reported Tuesday that Accel Partners will invest NZ$132.9 million by way of a share purchase valued at NZ$20 per share. Along with Matrix Capital Management, which will invest NZ$14.3 million, the investment will bring Xero’s total cash to NZ$285 million, or $213 million Read more…