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On Finovate.com: “TickerTags Launches in Beta” Around the web Pymnts features BioCatch. Lendio launches new commercial real estate financing division. AcceptEmail announces first major reseller agreement since opening U.S. headquarters. Weinstein Company to use Cardlytics’ Box Office Purchase Data to engage with active moviegoers. TransferTo enables Xoom customers to instantly send airtime credit online from Read more…
This week, a wide variety of fintech companies raised money—from blockchain security (BitFury) to B2B payments (Karmic Labs). But once again the lending sector attracted the most cash, accounting for $95 million, or 64% of the $150 million total. The biggest round of the week was a partial Series C totaling $44 million to Finovate Read more…
On Finovate.com “PayPal’s Early Valuation Tops $44 Billion” “Monitise to Emphasize API, On-Site Solutions in Strategy Shift” Around the web Xero to offer foreign invoice payments via new partnership with Midpoint Holdings. Loop featured in profile of Samsung Pay. PYMNTS.com takes a look at PayPal CEO Dan Schulman’s conversation with the Financial Times. Gulf News Read more…
As folks in the U.S. headed for the beach, investors in the rest of the world unleashed a tsunami of cash into the fintech sector. Depending on the size of the undisclosed A round to Alibaba’s Ant Financial—a valuation rumored to be $45 to $50 billion—it was probably a record week. Even without counting Ant’s Read more…
BankBazaar, an India-based company that sells financial service products on behalf of third parties, raised $60 million in Series C funding today. The round was led by Amazon, which holds a minority stake, and marks the ecommerce giant’s second investment in BankBazaar. New investors include Fidelity Growth Partners and Mousse Partners. Existing investors Sequoia Capital Read more…
i-exceed, makers of the Appzillion mobile app development platform, have teamed up with Kris FinSoftware to speed mobile internet adoption in the Philippines. i-exceed made the announcement during the Philippine Bank Symposium in Manila earlier this month. “With mobile internet dominating a huge portion of internet traffic, the role of mobility in reshaping the digital Read more…
Naturally, we are always rooting for Finovate alums to make it big. And there are few fintech success stories bigger than 2008 alum, Credit Karma, which scored $175 million this week at a reported $3.5 billion valuation. That makes the credit-score provider the second most valuable alum (after Lending Club, currently trading at $6 billion). Read more…
After a slow start, the week finished strong, thanks largely to the $140 million raised by marketplace lenders Bond Street and LendInvest. Finovate alum, Azimo landed the fourth biggest round, $20 million at a $100 million valuation. All told, 17 fintech companies raised $253 million ($153 million equity, $100 million debt) this week. Year-to-date, $7.7 Read more…
On Finovate.com Klarna Hires former American Express Exec as New CCO Knox Payments Offers Free, Premium Options and Easier API Integration Finovate Debuts: A Look at Stratos’ Digital Card Issuance Platform Around the web Barron’s features LendingRobot. BizReport highlights Actiance’s new solution. PYMNTS.com looks at the launch of MasterCard’s MasterPass in Belgium. Benzinga’s Jim Probasco Read more…
On Finovate.com “PayPal’s Braintree Tapped to Turn Pinterest Browsers into Consumers” “EyeVerify’s Partnership with Turkish Reseller Yields Vodafone Contract” “U.K.-based TransferWise: Growth and Metrics Updates“ Around the web TradeHero updates mobile iOS app. WSJ features how Venmo helps users instantly move money more cheaply. Apple lists Xero among group of business apps Apple is using Read more…
The fintech sector scored its second consecutive under-$100 million week as the summertime slowdown hit the northern hemisphere. In total, 10 companies raised $83.3 million including one Finovate alum, mobile security specialist Tyfone ($6.6 million). So far this year, more than $7.3 billion has flowed into the sector worldwide. Here are the deals from 30 Read more…
On Finovate.com “Ask Finovate: Who’s Who in Voice Banking Technology?” Around the web American Banker talks with miiCard CEO James Varga on how miiCard creates “digital passports” for consumers to prove their identities without oversharing information. Pymnts considers Mitek’s latest acquisition. Canandaigua National Bank & Trust hires Insuritas to expand the bank’s existing insurance agency Read more…