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The number of deals this week (12) didn’t set any records. But there were some doozies including three greater than $30 million, two of which are Finovate alums: Betterment ($60 mil) and Pindrop Security ($35 mil). The total amount raised was $236 million. There was one major exit this week: Finovate alum LoopPay was purchased Read more…
It was another blockbuster week with 13 companies raising a total of $695 million. However, $500 million of that was not a pure fintech play, as China’s Ant Financial (which runs Alipay) took at 25% stake in Indian mobile payments and ecommerce hub, One97, which runs Paytm. Even without that gargantuan deal, there was still Read more…
This post is part of our live coverage of FinovateEurope 2015. Wipro debuted ngGenie myAdvisor: Wipro ngGenie™ myAdvisor truly provides the ‘Next Generation Banking Experience’ for customers. The Wipro ngGenie™ myAdvisor can have an interactive conversation with you in natural language using voice and gestures. Wipro ngGenie™ myAdvisor learns from your spend patterns, banking transactions, Read more…
This post is part of our live coverage of FinovateEurope 2015. IDmission is presenting its cloud-based solution for identity-initiated customer onboarding and engagement. INFORM is a fully configurable Enterprise forms product that enables building of sophisticated user experiences without any programming. You can build your own forms with KYC, document management, image processing, biometrics, online Read more…
It was a big week for marketplace lenders with SoFi landing $200 million; CommonBond, $150 million (an undisclosed portion of that was commitment to purchase loans); Fundera, $12 million (debt). In addition, Chinese online lender U51 pulled in $50 million. In total, 13 companies—including Finovate alum, SimplyTapp‘s $2.5 million—raised $533 million, which includes at least $12 million Read more…
ProfitStars adds Banno Mobile solutions to the Independent Community Bankers of America (ICBA) Preferred Service Provider program. Lending Club to serve as exclusive POS financing for Alibaba.com’s U.S. business buyers. Visa CEO selects NBCUniversal’s Vasant M. Prabhu as CFO. On Finovate.com: “Fidelity Investments Acquires eMoney Advisor for Reported $250 Million” The Philippine National Bank deploys Read more…
Harland Clarke to use CUneXus’ cplXpress to enable automated, pre-approved lending to its customers. With grant from Bill & Melinda Gates Foundation, Social Money to pilot CorePro in India to help underbanked. Spreedly crossed the $50 million credit card transactions per month milestone in December. TechCrunch: Prosper purchases American Healthcare Lending for $21 million. Cachet Read more…
TransferWise is starting off the year with a funding bang: the company has raised $58 million in a Series C round led by Andreessen Horowitz. The investment takes TransferWise’s total capital to more than $90 million. Existing investors Richard Branson, IA Ventures, Index Ventures, Valar Ventures, and Seedcamp also participated in the round. Taavet Hinrikus, Read more…
Linedata Capitalstream to offer e-SignLive by Silanis. 13 Finovate alums win 2015 Paybefore Awards. Payment Services Provider Anderson Zaks teams up with card-linked offers specialist, Birdback. EZBOB launches scratch card promotion. MarketWatch’s Your Digital Self column looks at Jingit. Baseline magazine features a recent study by Arxan Technologies on the state of mobile app security. Read more…
Less than a month away from its Finovate debut, online transaction authenticator iSignthis has announced raising more than $3 million. iSignthis specializes in verifying online transactions for financial institutions ranging from banks to insurance groups to online betting companies. The company’s Merchant Protect solution authentications credit and debut card transactions regardless of originating card scheme Read more…
The new year started strong with $81 million raised across 14 fintech companies. It was a very international week with all but $6 million of the total headed outside the United States. The group included soon-to-be-Finovate-alum, iSignThis, an Australian payment security startup appearing at FinovateEurope next month. Here are the deals from Jan 1 though Read more…
As expected with the holidays, just $21 million was invested in the fintech sector last week. It was the smallest week since we began tracking in August. The total included one Finovate alum, Bellevue, Washington-based Finsphere, which added nearly $2 million for its mobile identification technology. The deals from 20 Dec to 26 Dec 2014, Read more…