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Just a few days after celebrating its fifth birthday, BRIDGEi2i Analytics Solutions landed its first round of funding, pulling in an undisclosed amount of Series A growth capital from India-based Edelweiss Private Equity. CEO Prithvijit Roy states the company will use the funds to, “accelerate the development of our machine-learning-based business applications along with significant expansion of our Read more…
Second quarter’s funding pace remained strong with 26 companies raising $267 million—$55 million of that was Debt—the first week of May. The deals were widely dispersed around the world, with only 4 of the 26 companies hanging their shingles in California, although those four did account for half the dollar value. The total number of deals YTD Read more…
Identity verification provider Trulioo has expanded the geographic coverage of its online electronic identity-verification service GlobalGateway to support Brazil, Russia, India, and China. This group of countries, known as BRIC, houses 41% of the global population and supports an emerging middle class of 1.2 billion people. In these markets, business-to-consumer ecommerce is estimated to grow faster than in Read more…
The month of April ended on busy note as 29 companies raised $427 million in the final week (ending April 29). That brought the total raised in April to $7.3 billion, which would have been a record year anytime before 2014. The previous weekly totals in April: 17 companies raise $4.8 billion week ending April 22 Read more…
Mobile technology solutions provider Tagit has raised $8.75 million (S$12 million) in funding from Japanese IT specialist, SRA Group. The investment will help both companies grow their market exposure in Asia. Tagit is headquartered in Singapore and was founded in 2004. Tagit CEO Sandeep Bagaria said the investment would help speed growth in sectors like Read more…
On Finovate.com Check out our latest FinovateSpring Sneak Peeks featuring: NuData Security ThreatMetrix Auvenir CRMNEXT Mitek NIIT Technologies “Zooz Raises $24 Million in its Largest Funding” “Fiserv and INETCO Team Up to Enhance ATM Management” On FinDEVr.com “What’s in a Name? Plaid Earns “Cool Vendor” Status from Gartner” Around the web U.K.’s oldest bank, C. Read more…
Due to the massive $4.5 billion funding at Alipay’s Ant Financial, we just set the one-week record for fintech venture funding with $4.79 billion (of which $125 million was debt). However, for the first time this year, there were fewer than 20 deals during the week. But with 39 deals last week and 17 this Read more…
For the third time this year, we broke the single-week record of number of deals. This week we hit 39, three more than the previous high of 36 (the week ending Mar 17). This week the total capital raised was a whopping $932 million (or $680 million not counting the $253-million Bats Global IPO). The total Read more…
On Finovate.com “BioCatch Appoints Eyal Goldwerger as CEO” Check out this week’s FinDEVr APIntelligence. “CUneXus to Power Digital FCU’s Mobile Lending Platform”— Come see a live demo from CUneXus at FinovateSpring next month. “Where Are They Now: FinovateSpring Alums Raise More Than $326 Million in a Year” On FinDEVr.com “EVO and Verifone Partner to Make Read more…
Update: See here for full-year 2016. Y Combinator (YC) continues to be the most important incubator in the general technology space with high-flying alums such as Airbnb, Dropbox and Instacart. YC is less well known, but equally successful in the fintech vertical with Stripe and Zenefits, along with two Finovate alums, ZenPayroll and Coinbase, all Read more…
Finovate alums Malauzai Software and Geezeo have teamed up this week to bring Geezeo’s PFM tools to community financial institutions using Malauzai’s SmartApps technology solutions. Six Malauzai clients, including Indiana-based Fort Financial Credit Union, have signed contracts to deploy Malauzai’s solution with the new PFM offering. The partnership enables financial institutions using Malauzai’s online banking Read more…
FinTechCity unveiled its new FinTech50 Hall of Fame this week at the Money 20/20 event in Copenhagen, Denmark. Finovate alums took six out of the ten spots. Currency Cloud – FinovateSpring 2015 eToro – FinovateEurope 2015 Klarna – FinovateSpring 2012 Nutmeg – FinovateEurope 2012 TransferWise – FinovateEurope 2013 Zopa – FinovateSpring 2008 The “founding ten members” Read more…