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First quarter closed with a bang as 21 companies raised a total of nearly a half-billion of new funding ($458 million), all equity as far as we know. The total number of deals in first quarter was 334, double last year’s 171. Total dollars raised in Q1 stands at $6.7 billion, also double the $3.3 billion raised in Q1 Read more…
On Finovate.com Check out today’s FinovateSpring 2016 Sneak Peek posts: BanQu Empyr OutsideIQ TransCard Payments Neustar Around the web Wipro names PayPal executive Patrick Dupuis at its latest board member. Tradeshift announces partnership with Chinese taxation services provider, Baiwang. Bank of Ceylon upgrades core accounting processing platform and front-end teller system with technology from Fiserv. Read more…
For the 12th consecutive week, there were 20+ fintech fundings worldwide. Total dollar value was $218 million, which includes $29 million of debt. YTD, the total number of deals stands at 313, double last year’s 158. Total dollars raised, $6.2 billion YTD, is also double the $3.2 billion at this point last year. The number of deals was Read more…
With the launch of FinDEVr’s East Coast conference next week, excitement is at an all-time high. Not only is the event generating great buzz in the U.S., it’s also attracting technologists from around the fintech world: Japan, Honk Kong, China, India, Australia, United Kingdom, France, Spain, Germany, Poland, Belgium, The Netherlands, Norway, Finland, Denmark, Israel, Serbia, UAE, Africa, Read more…
Arizona-based Emailage announced this week it has received an investment from Wipro Ventures, Wipro’s investment arm. The $4.8 million round is an extension of its Series A round originally made in November 2014. Wipro, the India-based information technology giant, becomes the eighth investor in Emailage. In addition to the funding, the two companies have formed a partnership through which Wipro Read more…
At Finovate, we are all about the next new thing. That’s why we love compiling the weekly funding report. Money (usually) flows to the best ideas (or at least the best execution). And if that holds true, 2016 is going to be a banner year as total deals are running double the pace of 2015—285 vs. 139 last year. Read more…
On Finovate.com “CBANC Launches New Features to Further Engage Network of Professionals” On FinDEVr.com Check out our latest round of FinDEVr New York previews featuring: Craft Silicon PokitDok Quovo & Betterment ScientiaMobile Streamdata.io Around the web MX inks multi-year data-aggregation deal with USAA. Feedzai opens new offices in the U.K.; hires new head of international Read more…
Last week, 22 fintech companies raised a total of $159 million, of which at least $5 million was debt. It was the tenth week in a row with 20 or more fintech deals. By comparison, in 2015 we hit that mark 13 times during the entire year. The year-to-date total raised is $5.5 billion, more than double Read more…
While we continued the streak of 20 or more weekly deals (now = 9), we had a sub-$100 million week for the first time this year. The $76 million raised was the lowest total in a non-holiday week since the first week of March a year ago (who knew the 9th week was so slow?). However, there were Read more…
On Finovate.com “Brunon Bartkiewicz Named New CEO at ING Bank Slaski” On FinDEVr.com “Celebrating International Women’s Day with Les Femmes de FinDEVr“ Check out previews from FinDEVr New York presenters: Solace Systems FairCom DigiByte Holdings Limited Praesidio Nostrum Group Around the web Xignite announces its XigniteGlobalCurrencies API is now available in the Oracle Cloud Marketplace. Join Read more…
Anyone saying funding to the fintech sector is slowing, isn’t looking at the same data we are. For the eighth straight week, more than 20 fintech companies raised new rounds. Two months into the new year, the total raised is $5.3 billion, more than double the $2.4 billion invested during the same period last year. Read more…
In its second partnership of 2016, TransferWise has teamed up with Berlin-based Number26, a mobile-first bank. Through the collaboration, TransferWise will power an international money-transfer option to Number26 account holders. The functionality is already in place with updated Number26 apps available for both iOS and Android. “We’re very excited that Number26 customers can now access Read more…