Finovate is part of the Informa Connect Division of Informa PLC
This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
Onovative, which introduced its Core iQ bank marketing software at FinovateSpring earlier this year, has raised $1.2 million in a second round of funding. The investment takes the company’s total funding to more than $1.6 million. “We’re very excited by the early reception of Core iQ in the marketplace,” said Onovative co-founder and CEO Michael Browning. “[We] Read more…
Around the web Financial Times talks with Zopa CEO Giles Andrews and his plan to disrupt banks. Wipro acquires Cellent in 73 million euro deal. Actimize from NICE Systems reaches 150 million customer milestone with its anti-fraud, cybercrime protections. Radius launches improvements to its Global Payroll tool by introducing a way for employers to consolidate Read more…
It was a quiet week over the U.S. Thanksgiving holiday, but it still surpassed the $100-million mark, thanks entirely to U.K.-based Atom Bank’s $128 million raise. BBVA was lead investor, contributing $68 million for a 30% stake in the not-yet-launched mobile bank. In total, 12 fintech companies raised $152 million, although 5 of the 12 Read more…
Large swaths of cash flowed into the global fintech sector last week. All told, 26 companies brought in $1.06 billion. A quarter of the total was Square’s IPO ($243 million), another $330 million was debt, with the remaining $479 million being VC/angel funding. In addition to Square, two companies topped $100 million: student and personal Read more…
For the majority of people living in the developing world, it is easier to buy a pair of Nike shoes than it is to buy a share of Nike stock. DriveWealth is changing this dynamic through its retail investing platform, designed to give consumers around the globe access to the U.S. stock market. DriveWealth calls Read more…
Persistent Systems made its Finovate debut in May with a new solution called BuddyPay. The technology makes it easy for one person to pay for goods or services purchased online by someone else. Think about a parent helping a son or daughter pay for expenses while away at school. Or a caregiver paying for a Read more…
It was a quieter week in fintech fundings. Other than Blackstone’s $820 million bet on NCR — founded in 1884 as National Cash Register, NCR is likely the oldest financial technology company on the planet — just $85 million flowed to the under-100-year-old crowd. And we are not sure if the NCR inflow should even Read more…
Last week, 20 companies raised $175 million, including $25 million in debt. It was the sixth week in a row that the number of fintech fundings topped 20. And the dollar total has hit 9-figures ($100 mil) or more 12 weeks in a row now. Both of the streaks will likely stop during the holidays, Read more…
I spent the majority of last week at Money20/20 catching up with Finovate and FinDEVr alums. With 5 tracks of panel discussions and product announcements, plus an exhibit hall floor, it was impossible to parcel out all of the themes buzzing around. However, from the slice of the mega-conference that I attended, the overarching theme Read more…
While there were no blockbuster fundings last week, five companies pulled in eight figures each: Marqeta, $25 million; TruMid, $25 mil; Knip, $15.7 mil; iSignThis, $10.5 mil; and Zebit, $10 mil. In total, 23 fintech companies raised more than $121 million including Finovate alums Spreedly which brought in $2.5 million for its marketplace payments platform Read more…
There was a little of everything this week in what continues to be a strong month in funding (already over $1 billion). Worldwide, 28 companies raised about $420 million ($417 million not including funds from 4 undisclosed rounds). Two blockbuster deals contributed over half the total: $170 million to German marketplace lender Auxmoney and $81 Read more…
On Finovate.com Finovate Alums earn top honors at U.K.’s Emerging Payments Awards. Around the web PhotoPay has rebranded as MicroBLINK. NPR’s Morning Edition features Greg Smith, president of Blooom, in a segment on robo-advisory. Diebold and SimplyTapp team up to introduce a white-label mobile wallet. Trulioo now provides real-time ID-verification coverage in India. INTECH licenses Read more…