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Last week was surprisingly busy given how close it was to the year-end holiday freeze. But two blockbuster deals, $250 million to Swedish payment company Adyen and $200 million raised in an IPO from Finovate alum OnDeck, made it one of the biggest weeks of the year. In total, $512 million was raised by 17 Read more…
The Tech Bulletin profiles Heckyl Technologies. Sonavation announces acquisition of assets of Arkami. Chelsea State Bank launches Larky-powered mobile app. EVRY announces a four-bank, $160 million payments partnership. Kashoo unveils version 4.1 of its cloud accounting and bookkeeping app for iOS. Walmart to distribute GreenDot prepaid products in 2015. BMO Financial Group’s deployment of Xignite Enterprise wins Read more…
Malauzai Software announces launch of its SmartMarketing program to promote mobile banking. Azimo extends £1 money transfer service to India, Pakistan, Bangladesh, and Sri Lanka. Information Week takes a look at mobile payment apps including Flint. Mortgage Harmony rebrands as Rate Reset. Bank Innovation features CUneXus. The Wharton Journal profiles Kabbage. Contact Solutions, IDology, and Read more…
The Finovate Debuts series introduces new Finovate alums. CrowdFlower won Best of Show in its Finovate debut last September at FinovateFall 2014. The company’s platform automates the management of online data workers, making it easier and faster for data scientists to maintain quality control over both the process and the result. CrowdFlower is a data-enrichment platform Read more…
It was a short week in the United States with many on holiday Thursday and Friday, so U.S.-based activity was slowed. But the rest of the world more than made up for it. Of the total $167 million raised ($152 million equity, $15 million debt), only $28 million (17%), was to US-based companies. And most Read more…
For the most part, Fintech investors took a small breather this week. Other than the VCs sending a cool tenth-of-a-billion-dollars off to POS provider Revel Systems, the rest of the sector pulled in about $50 million. Two of the 10 newly funded are Finovate alums: Austin, TX-based SimplyTapp attracted $6 million to expand its NFC mobile Read more…
The blistering $1 billion-per-month funding pace continued into early November, with more than $236 million raised globally across 19 fintech companies. Five Finovate alums recorded multi-million rounds including Trustly ($30 million), MX ($8.3 million), Kofax ($2.8 million), InvoiceASAP ($700,000) and Gremln ($500,000). The deals by size recorded on Nov. 1 through Nov. 8, 2014: Powa Read more…
It’s beginning to sound like a broken record — another monster week for fintech investments. Finovate alums alone pulled more than $200 million: Cardlytics ($70 mil), Wealthfront ($64 mil), Personal Capital ($50 mil), Segmint ($9 mil), Linkable Networks ($8 mil), and Socure ($2.5 mil). In total, 17 companies raised more than $349 million this week. Read more…
You can tell the market is frenzied when fintech companies raise only $101 million this week. That still works out to a $5+ billion annual run rate, which isn’t too shabby. Much of the money went into a Series-D to India’s Financial Software Systems, a 23-year old fintech veteran. In terms of startups, the big winner Read more…
This post is part of our live coverage of FinovateFall 2014. Our next presenter is CR2, demoing the Cash Send application of its BankWorld Money Voucher platform. “CR2 is demonstrating the BankWorld Cash Send application at Finovate. Cash Send is a truly omnichannel product recently deployed. It allows people to instantly send cash to any Read more…
This post is part of our live coverage of FinovateFall 2014. Knox Payments is our next presenting company. Knox leverages the ACH network to facilitate transactions online. “Knox Payments facilitates payments for merchants online, allowing them to transact with their customers/users, who never have to create accounts or enter their bank routing and account numbers, let Read more…
In the weeks ahead of FinDEVr San Francisco, we’re taking a closer look at the companies that will share their technology through presentations and workshops on September 30 and October 1. Today, we have two installments. In the first, we looked a Avoka, Financial App, Incomm, and Xero. In part two, we’re featuring: Eshtapay EVO Read more…