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Most of us know April 15 as Tax Day, but for three Finovate alums, today is about a different flow of money than a tax return. Aside from Betterment’s announcement of its $32 million round (see our post from this morning), LearnVest pulled in $28 million in Series D funding, while The Currency Cloud garnered $10 Read more…
Add one more bank to the hundreds of financial institutions in more than 20 countries currently relying on CRIF to manage their lending business. OTP Banka Slovakia announced this week that it was deploying the CRIF Credit Framework, replacing its old loan approval system with a technology that represents “global best practices in lending processes Read more…
Jacob K. Javits Center (Wikipedia) Bitcoin first passed the $200 mark a year ago (vs. $450 today). I didn’t know much about it then, figuring it was a fad best left to the speculators to debate. But I was wrong. Bitcoin, or something similar, appears to be here to stay. Case in point: There is Read more…
We’re still waiting to hear word from the company, but according to an SEC filing uncovered by Venture Beat, anti-cyberfraud specialist ThreatMetrix just raised $20 million in new funding. This rivals the company’s last round from two springs ago in 2012, and takes ThreatMetrix’s total capital to more than $56 million. In an interview with Read more…
Fresh off its announcement of a $25 million series D, global payments company Payoneer reports that it was chosen by Google to be a payments provider for Google Trusted Stores Program. Scott Galit, Payoneer CEO, said, “Payoneer provides a seamless, automated payment process that meets Google’s high standards for technology, security and service.” The Google Read more…
You know what kids love these days? Microfinance. At least that’s true of the kids at Yale University’s student-run micro finance program, the Elmseed Enterprise Fund. The fund supports local entrepreneurs with advice and micro loans. In 2013, the program provided consulting for 38 clients and provided more than $13,000 in loans to five. The Read more…
Fresh off their Finovate debut, Irish-based real-time ID verification innovator Trustev is the latest winner in the SXSW Accelerator awards in the Enterprise and Big Data category. “It couldn’t have come at a better time,”Trustev CEO Pat Phelan said in an interview with News At One. “I’m just moving to the U.S. to head up the Read more…
Australia-based P2P lending company SocietyOne announced earlier this week that it received its first round of funding, which totaled $8.5 million. This series A round comes from Reinventure, Global Founders Capital and private investor Justin Reizes. The most notable of these investors is Reinventure, which is a new venture capital manager funded by Westpac Banking Read more…
Talk about paying it forward. Alternative small business lender OnDeck announced today that it has raised $77 million from a team of investors led by Tiger Global Management. The total funding for OnDeck now stands at $180 million, with an additional $300 million in debt financing. Said OnDeck Chief Executive Noah Breslow about the process, Read more…
Cross border payments company, Payoneer, whose aim it is to simplify global commerce, announced yesterday that it received a $25 million boost. The funding round was led by new investor Susquehanna Growth Equity. Existing investors also contributed: Carmel Ventures Greylock IL Vintage Venture Partners The New York-based company plans to use the funds to: Accelerate Read more…
Further enforcing the trend of small business tools in fintech, online invoicing company Tradeshift announced a $75 million round of funding. The new installment comes from Singapore-based Scentan Ventures, which Tradeshift now claims as a partner. The San Francisco-based company has global offices in Copenhagen, London, and Suzhou and plans to use the funds to Read more…
Startupbootcamp is a 3-month accelerator program that aims to give startups exposure to key players in their industry, while connecting them to a community of top-level mentors and advisors. The organization recently launched a FinTech-exclusive accelerator in London, which will begin August 11. It is accepting applications from startups now through June 22, but the Read more…