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While there were no blockbuster fundings last week, five companies pulled in eight figures each: Marqeta, $25 million; TruMid, $25 mil; Knip, $15.7 mil; iSignThis, $10.5 mil; and Zebit, $10 mil. In total, 23 fintech companies raised more than $121 million including Finovate alums Spreedly which brought in $2.5 million for its marketplace payments platform Read more…
Hackers returned to the Money20/20 conference in Las Vegas this week, bringing an army of 625 developers, designers, and entrepreneurs with it. All were competing for top prizes, and one team won the grand prize, a “h-API” ending. First, a bit about the hackathon. Teams were given 24 hours to create a fintech solution that Read more…
Around the web mBank partners with PayU to bring mTransfer Mobile to Poland. Techcrunch profiles TransferTo. WS Integration awarded Little British Battler status by Techmarketview. BizEquity named one of the ‘Best Entrepreneurial Companies in America’ by Entrepreneur magazine’s Entrepreneur 360 Awards. Bluepoint Solutions partners with Gro Solutions for mobile account opening. Germany-based vaamo now enables Read more…
On Finovate.com “Digital Asset Holdings Acquires Blockchain-as-a-Service Innovator, Blockstack.io“ Around the web Let’s Talk Payments interviews John Dancu, IDology CEO. AlphaPoint unveils StreamCore to help banks take advantage of blockchain data. Fastacash partners with Xpress Money to launch XOPO, enabling cross-border money-transfers via social networks and messaging channels. Security solutions from Arxan Technologies now running Read more…
It was a blockbuster week in fintech with more than $6 billion in new funds flowing to the sector. The vast majority, $5.9 billion, was raised in the IPOs of two mega payment processors: FinDEVr alum Worldpay ($3.3 billion) and First Data ($2.6 billion), which went public for the second time in its 44-year history. Read more…
If you were at FinDEVr San Francisco last week, you experienced first-hand the high energy from 63 presenters and 500 attendees. As MC, I watched the presentations from backstage and saw a different side of FinDEVr, one of nervous presenters and whispered, last-minute conversations. You didn’t need to be backstage, however, to notice the trends Read more…
The fourth quarter began with a burst of funding: $585 million, including $254 million in debt, raised across 22 companies worldwide. The total included four Finovate and/or FinDEVr alums: CardFlight, $4.2 million; Ripple, $4 million; Praesidio, $3.1 million; and Spreedly, $500,000. Almost 40% of the total—$223 million—went to Chinese real estate marketplace FangDD which is Read more…
I suppose we should not be surprised when a company like Ripple Labs makes big waves. An innovator in the field of distributed ledgers and alternative currencies, the company has raised $4 million in funding from Santander InnoVentures. Santander InnoVentures is the venture capital arm of the Spanish financial services giant. The investment completes a Read more…
currencycloud.com | currencycloud.com/blog | @currency_cloud Develop and automate your product with the Currency Cloud Payment Engine. Benefit from real-time wholesale rates and a fast, secure payment network that can be tailored to your business using our next generation API. Currency Cloud API Rebuild by the Currency Cloud tech team is giving the audience an insider’s Read more…
From software architects and engineers to CTOs and CEOs, builders from around the country—and from more than a few far-flung corners of the world, as well—are getting ready for the premier event for fintech developers: FinDEVr 2015 San Francisco. The two-day conference begins Tuesday, 6 October, and continues through Wednesday. We have 64 innovative fintech Read more…
Fintech circles were abuzz this week as four massive fundings pushing several companies higher up the billion-dollar valuation ladder (yep, I can avoid the U-word if I really try). SoFi’s $1 billion received wide coverage this week, but we’d already covered it a month ago, so it’s not included in this week’s total. But even Read more…
On Finovate.com “Kreditech Raises 82 Million in Series C Investment Led by J.C. Flowers” “Ellevest Pulls in $10 Million from Morningstar” Around the web Ripple Labs and Coinbase are highlighted in this infographic on how banks are using blockchain technology. Let’s Talk Payments takes a look at Aire and its alternative approach to credit scoring. Read more…