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For the third time in that past four weeks a fintech funding record has fallen. This week it was number of companies, beating the total funded two weeks ago by one. As you may recall, last week we set the new mark (by a large margin) for the highest weekly dollar total with $2.7 billion. All told, last week 29 Read more…
Around the web: Nomis Solutions introduces new version of its Dynamic Pricing solution with behavioral attribute pricing and active recalibration. ReBusiness Online looks at Bazaarvoice and its move into new offices in Austin. Bank Innovation: Dwolla updates its API to facilitate better ACH transactions. Business Insider quotes itBit CEO Chad Cascarilla on banks and the Read more…
FinovateEurope is just weeks away, so we’ve been paying closer attention to European fintech. The sector not only achieved a banner year for innovation, but also scored a record amount of VC investments. To gauge the temperature of fintech innovation in Europe, we looked at Finovate alums in different regions: Aire.io in the United Kingdom, Read more…
Last week, we set the record for most fintech deals in a single week with 28. This week, we established a new mark (by a large margin) for the highest weekly dollar total with $2.7 billion. The previous record was $1.6 billion the third week of August 2015. These are mind-boggling numbers. Imagine this: Your Read more…
The year continues its blistering pace with 28 companies worldwide raising new funds this week, the biggest number since we began tracking in July 2014. In total, $332 million was invested with the majority being equity (only $19 million was identified as debt in public comments). Four Finovate alums made up 40% of the weekly total: Taulia raised $46 Read more…
The year is off to a big start with 24 companies raising $569 million in the first week of 2016. However, three-quarters of that ($425 million) was additional debt for three big alt-lenders: Finovate alum LoanNow ($50 million) along with CommonBond ($275 million) and Qredits ($100 million). The $138 million in new equity last week Read more…
As FinovateEurope draws near, we’ve been listening to the themes that will drive innovation in our industry in 2016. Our FinovateEurope 2016 Theme Word Cloud below is a representative sample of what we heard. From APIs and the blockchain to personalization and robo-advisory, the themes of FinovateEurope 2016 remind us how new technologies are helping Read more…
2015 was quite a year for the 800+ Finovate alumni. From acquisitions to IPOs, and everything in between, there was plenty to tweet about. Here are the highlights from the 2015 Best of Show winners: FinovateEurope 2015 Avoka demoed a three-minute loan application that delivers a fast onboarding experience. December: named one of the top-50 Read more…
In a round led by Pelion Venture Partners, blockchain technology specialist and FinDEVr alum Gem raised $7.1 million in funding. Also participating in the Series A were: Amplify.LA Blockchain Capital Danmar Capital Digital Currency Group Drummond Road Capital KEC Ventures RRE Ventures Tamarisk Global Tekton Ventures Angel investor James Joaquin also participated in the financing, Read more…
For just the fourth time this year, weekly fintech fundings fell below the $100-million mark with 15 companies raising a total of $51 million. The second-largest round of the week ($4 million), went to Finovate veteran Dana Bowers’ latest startup, Venminder. The Kentucky-based company has developed a vendor-management platform for banks and credit unions. Bowers Read more…
There may be a bubble in tech investing. But if there’s one in the fintech sector, the dozens of investors in these 23 companies didn’t get the memo. In the last full non-holiday week of the year, $685 million poured into fintech companies worldwide. The vast majority went into alt-lending, including NYC-based Pave, $300 million; Read more…
2015 was another big year for mergers and acquisitions in the fintech industry. And whether they were the acquirer or the acquired, Finovate alums were very much a part of the M&A action. Because terms of many deals were undisclosed, it is difficult to get a precise number on how much money was spent acquiring Read more…