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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…
Bright Funds has announced the successful closure of its Series Seed funding round. The financing was led by Aspiration Growth and featured participation from investors including 10K Investments, Bloomberg BETA, Mission & Market, and Wellspring Growth Partners. Individual investors Godfrey Sullivan and Frank Yeary were also involved. Bright Funds CEO and co-founder Ty Walrod said Read more…
TransferWise, a startup that prides itself on being a “clever new way to beat bank fees,” recently released a few stats. The company, whose product launched in 2011, is now enabling customers to transfer more than $760 million (£500 million) across the globe every month. At this volume, TransferWise has seized 2% of the market share in U.K.-based global remittances. Read more…
The so-called cardless ATM has been around for awhile. I remember seeing one at the Wincor Nixdorf booth at BAI Retail Delivery four or five years ago. I thought it was a good idea at the time, but not something that would change my behavior. I mean, how hard is it to swipe your card Read more…
Cloud-based enterprise platform Actiance has raised $28 million in funding from new and existing investors. The additional capital takes the company’s total to more than $43 million. Participating in the funding round were new investor, Golub Capital, alongside existing investors Credit Suisse NEXT Investors; JK&B Capital; Scale Venture Partners; and Sutter Hill Ventures. The new Read more…
The biggest surprise in our look at first-quarter funding is that the $677 million amassed by 29 Finovate alums was more than 20% of the $3.2 billion invested in the entire worldwide fintech sector. The $677 million raised was $85 million (+14%) above the same quarter a year ago, and more than triple the first Read more…
In a round led by Baird Capital, VantagePoint Capital Partners, and Nashville, Tennessee-area investors, edo Interactive has raised $20 million in new funding. The Series E round takes the company’s total capital to more than $93 million. In addition to the funding, edo Interactive announced a new president and CEO. Souheil Badran will take the Read more…
Global bitcoin-lending platform Bitbond today announced receipt of $670,000 (€600,000) in an angel funding round. Combined with its $220,000 (€200,000) seed round in August 2014, the startup’s funding now totals just under $900,000. Early investor, Point Nine Capital, led the round, and a host of angel investors also contributed. Business angels include: Florian Heinemann Uwe Read more…
Even if you don’t have young children, I’m sure you’ve noticed how even pre-teens these days are hunched over their smartphones. So, if you want to get your core customers’ kids engaged with the bank, your strategy pretty much must begin with, and can probably end with, mobile. Banks haven’t really been able to devote Read more…
Back in January, we speculated about a funding round for Ripple Labs. Today, the organization behind the Ripple Protocol officially announced it closed the venture round, which totals $28 million. Added to the three rounds the company received in 2013, the San Francisco-based company’s total funding stands at $37 million. Major investors in the new Read more…