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In a holiday-shortened week in the United States, 23 deals were announced that brought in a total of $527 million. Most ($449 million) went to Chinese payment and investment platform, Qufenqi. Four Finovate alums raised a total of $18 million during the week: Coinbase landed $10.5 million from Bank of Tokyo P2Binvestor raised $5.1 million StockTwits raised $2 million Read more…
Dwolla’s got a brand new Dash. Designed to help companies to better manage customer and transaction data, Dwolla’s new dashboard and administrative interface will save its white-label partners time and money while providing actionable insights into business activity and trends. The company hinted at its plans for the new interface in July 2016 when Product Manager James Read more…
Business Insider rounded up the 40 most exciting people in fintech in the United Kingdom. As it turns out, Brexit isn’t enough to shake the fintech scene in the U.K. In fact, according to KPMG, British fintech startups raised $962 million in 2015. Of that amount, London companies raised $743 million. The list includes these seven leaders from Finovate and FinDEVr Read more…
Second quarter 2016 closed with a frenzy of fintech fundings: 49 deals were announced the last week alone, 10 more than the previous weekly record. The total amount raised was $327 million across 34 fundings with announced amounts (15 deals had undisclosed amounts). Of the total, $61.5 million was debt. Four Finovate alums raised a total of Read more…
To give you a sense of the many new ideas at the upcoming FinovateFall conference in New York, we’ve launched our Sneak Peek series. Eight companies are featured each week leading up to the 8/9 September event (tickets now available). In the meantime, here is a quick summary of the 66 announced companies (six more are in stealth mode). It’s a lot to take Read more…
Today we unveil our fintech trends column, a look at trending topics of the past week or two, compiled by the Finovate research team. Trending highest: Pokemon Go Our inaugural post leads with the Pokemon Go phenomenon which has fintech innovators rethinking their strategies around not just mobile, but the power of gamification, location-based marketing, Read more…
Terms have not been disclosed, but today we learned that Blockstream has agreed to acquire bitcoin wallet software maker and FinDEVr alum, GreenAddress. Adam Back, Blockstream president, called GreenAddress a company with a “demonstrated track record of delivering an industry-leading product that prioritizes security, privacy, and convenience.” Back said the acquisition was key to Blockstream’s Read more…
It was a huge week in German fintech funding, coinciding with, but too soon to be caused by, Brexit. Eight of the 26 global deals were German with five out of Berlin, one from Frankfurt (Finovate alum ayondo), and one in Koln. The total raised by the eight was at least $60 million (although two raised undisclosed Read more…
We may be in the heart of summer, but for the Finovate team, the fall season is already on our mind. The application window for companies looking to demo their latest fintech innovations at FinovateAsia 2016 in Hong Kong this November is now open! And that’s a big deal for fintech players of all shapes and sizes Read more…
On Finovate.com Buzz Points Unveils New Online Dashboard, Buzz Insight Mudra Bank Chooses i-exceed’s Appzillion for Mobile Banking App Finovate Debuts: Student Loan Genius Gives Employers Tools To Help Millennial Workers Tackle Debt Around the web Bank of the Ozarks deploys instant card-issuance solution from Entrust Datacard. IBM unveils secure, online service to help businesses conduct Read more…
Summer is now in full effect which means it must be time to announce our presenting companies for FinovateFall 2016! This was our most competitive application pool in our 10-year history, and we spent weeks reviewing application after application. The innovations in those applications ranged from blockchain technology and biometrics to the latest in big-data solutions, investment Read more…
Blockchain-powered workflow-solutions company Stratumn recently launched a micro-insurance proof-of-concept for the sharing economy. It’s called LenderBot, and it was developed in a partnership with Deloitte and LemonWay. The aim of LenderBot is to facilitate the borrowing and lending of high-value items while offering a way for lenders to insure those items. The entire workflow takes place through Read more…