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Remember this spring when Ripple’s $28 million series A round overshadowed same-day news of the company’s expansion to Asia? This week we learned that distributed-ledger technology from Ripple is driving a blockchain-based invoice trading platform built by Standard Chartered Bank, DBS Bank, and the Infocomm Development Authority of Singapore. Ripple CEO Chris Larsen demonstrated the Read more…
A look at the companies demoing live to 1,500 fintech professionals. Get your tickets to join us in London! Ledger Blue is a personal handheld device that secures payments and smart contracts for bitcoin and blockchain-based applications. Features: Secure: based on banking standards with a trusted screen—what you see is what you sign Open: API Read more…
One of the challenges facing broader adoption of bitcoin is having a safe, ready, and convenient way to store, send and receive your cryptocurrency. ArcBit founder and former Blockchain.info developer Tim Lee has a solution: a full-featured, secure, and easy-to-use bitcoin wallet app with built-in email and help support. And while the wallet is built Read more…
Buoyed by 7 Startupbootcamp Insurance entrants—each grabbing $17,000—a record 30 fintech companies raised money this week for a total of just under $100 million ($95.8 million). Only two companies topped 7 figures: real estate specialist EasyProperty ($37.6 million) and Lemonade, a P2P insurance play ($13 million). Four Finovate alums were among the bunch: CBANC Network Read more…
On Finovate.com “CAN Capital’s CAN Connect APIs Now Offer iPayment Merchants Access to Funds” “Lenny Loves Dwolla: Digital Payment Network Helps Bring Microloans to Millennials” “BankersLab Closes on Undisclosed Amount in Angel Funding Round” Come to FinovateEurope 2016 to see their live demo. Around the web TransferWise chooses UP Framework from ACI Worldwide to enhance Read more…
As we head into the final four weeks of 2015, private investment into the fintech sector is just under $18 billion for the year—or $24 billion including the First Data, Worldpay and Square IPOs. Two Finovate alums were among the 13 companies raising money this week: ThetaRay: The Israeli fintech security company raised $5 million Read more…
Large swaths of cash flowed into the global fintech sector last week. All told, 26 companies brought in $1.06 billion. A quarter of the total was Square’s IPO ($243 million), another $330 million was debt, with the remaining $479 million being VC/angel funding. In addition to Square, two companies topped $100 million: student and personal Read more…
It may be fashionable these days to praise the blockchain while dismissing bitcoin. But the news today that Coinbase is launching a new bitcoin debit card in the United States is a reminder that bitcoin is alive, well, and working its way closer to the mainstream economy. Coinbase’s new The Shift Card is the product Read more…
For weeks we’ve been sifting through applications from companies vying to present their latest at FinovateEurope on 9/10 February 2016. Today, we’re excited to announce 59 of the 72 companies that will take the stage in London. To watch all 70+ companies demo live, be sure to register soon. This is the final week to Read more…
On Finovate.com “VATBox Wins Spot in Inaugural Global MasterCard Start Path Class” “Finovate Debuts: Persistent Systems Introduces Social Payments Solution, BuddyPay“ Around the web Billhighway ranked number 398 fastest growing company in North America on Deloittes 2015 Technology Fast 500. Inspirus Credit Union replaces its existing digital banking system with Alkami Technology’s ORB platform. Corezoid–powered Read more…
Last week, 20 companies raised $175 million, including $25 million in debt. It was the sixth week in a row that the number of fintech fundings topped 20. And the dollar total has hit 9-figures ($100 mil) or more 12 weeks in a row now. Both of the streaks will likely stop during the holidays, Read more…
Are you building new financial technology? Be sure to check out coverage from our recent developers conference in San Francisco. We’re taking the fintech developer tool showcase to New York on 29/30 March 2016. Stay tuned for details. Developer news “The Next Web: How to Design with Developers” “Money20/20 Hackathon: A H-API Ending” The latest Read more…