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Do VC investors slow down in the summer? Not this year. Since 1 June 2015, we’ve seen 189 fintech deals globally raising a total of $3.1 billion. And this week was no different, with the highest number of funded companies since we began tracking a year ago. In total, 27 companies raised $345 million ($257 Read more…
Following one of the biggest weeks ever ($580 million), new fundings to the fintech sector cooled to under $100 million this week. More than half (55%) of the funds went to companies outside the United States including India’s mPOS provider Ezetap ($23.5 million) and Germany’s deposit brokerage SavingsGlobal ($21.8 million). In total, 11 companies raised Read more…
Another monster week in fintech. Depending on how much Stripe received in its round (at a $5 billion valuation), something north of $600 million flowed to 17 fintech companies worldwide. That closes out the month at just under $2 billion raised ($1.65 billion equity; $250 million debt), more than double the $900 million raised a Read more…
Meet the new Appzillon. i-exceed technologies announced the release of Appzillon 3.1 this week. The company’s flagship mobile application development platform now comes equipped with a number of new enhancements designed to make it easier to create “fully functional, omnichannel apps.” New widgets, style editors, additional default themes, and over-the-air (OTA) support have been added Read more…
On Finovate.com “Expensify Tallies Up $17.5 Million in Funding to Support its New Fintech Investment Fund” Around the web AcceptEmail partners with PayWithMyBank to make bill pay convenient and less costly. SocietyOne hires former Lending Club executive as its new chief marketing officer. Spend Matters highlights Tradeshift as a company to watch in 2015. Pindrop Read more…
On Finovate.com “Behalf Closes $119 Million Series D” “Neon Release Adds Touch ID and Enhanced Notifications to Oink 2.0″ “ShopKeep Rings Up $60 Million Investment” Around the web Citibank India and MasterCard launch digital wallet, Citi MasterPass, in India. This is Money features TransferWise in a look at the lack of transparency in exchange fees. Read more…
While the week got off to a slow start, the money arrived in buckets the past 48 hours. Counting the $250 million in new debt to alt-small-biz lender LiftForward, the weekly total was $454 million. But the more widely tracked equity total was still a sizable $204 million across 20 companies including three Finovate alums: Read more…
CoreIQ is a marketing automation system developed by Onovative that speeds onboarding and broadens cross-selling opportunities for community banks and credit unions. The platform leverages the data in the banks’s core banking system to automatically distribute marketing content in a variety of formats, from email and SMS to phone calls and postcards. “We are a Read more…
On Finovate.com “Dashlane Integrates Samsung Biometric Technology in Android App Upgrade” “Revolut Launches to Public, Announces $2.3 Million in Funding” Around the web PYMNTS looks at OnDeck’s record-breaking quarter. Red Herring names Kabbage a Top 100 Private Company. Geezeo to power BankMobile’s PFM. Alpha Payments Cloud using Snapcard to enable AlphaHub users to accept Bitcoin Read more…
The Wall Street Journal reported yesterday that venture fundings of $19.2 billion in Q2 were just shy of the peak dot-c0m era (see inset). While the data wasn’t broken out by sector, I’d wager that last quarter’s $5 billion in fintech-startup funding was 5x to 10x more than in 1999/2000. Is there too much being Read more…
In one of the largest Series B rounds to date for a Singapore-based financial technology company, the social payments specialist Fastacash raised $15 million in new funding. The investment was led by Rising Dragon Singapore, UVM 2 Venture Investments, and frequent Finovate sponsor Life.SREDA, along with additional unnamed existing investors. The funding takes Fastacash’s total Read more…
On Finovate.com “Redesigning the Value Chain: Q&A with Michiel Schipper of Topicus” Around the web Trustly appoints CCO from Société Générale and director of sales from Klarna Group. Swiss Re partners with Backbase to develop a new digital platform for selling and servicing life and health products online. Come see Backbase at FinDEVr on 6/7 Read more…