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Topicus demonstrated its Force Business Lending solution in February at FinovateEurope 2015. The technology is a straight-through business process platform for loan origination for SMEs and corporate businesses. The idea was to help companies not able to take advantage of more sophisticated BPM solutions such as the self-serve loan origination technology that Topicus demonstrated in Read more…
This week, a wide variety of fintech companies raised money—from blockchain security (BitFury) to B2B payments (Karmic Labs). But once again the lending sector attracted the most cash, accounting for $95 million, or 64% of the $150 million total. The biggest round of the week was a partial Series C totaling $44 million to Finovate Read more…
As folks in the U.S. headed for the beach, investors in the rest of the world unleashed a tsunami of cash into the fintech sector. Depending on the size of the undisclosed A round to Alibaba’s Ant Financial—a valuation rumored to be $45 to $50 billion—it was probably a record week. Even without counting Ant’s Read more…
Naturally, we are always rooting for Finovate alums to make it big. And there are few fintech success stories bigger than 2008 alum, Credit Karma, which scored $175 million this week at a reported $3.5 billion valuation. That makes the credit-score provider the second most valuable alum (after Lending Club, currently trading at $6 billion). Read more…
Funding was up sharply this week with 18 companies raising a total of $232 million (includes $20 million in debt). The total included five Finovate alums: Cachet Financial Solutions (public: CAFN) raised $4.4 million in a private placement, bringing their market cap to $8.6 million Mobile POS provider SumUp added an undisclosed amount, bringing total Read more…
Last fall we held our first developer’s conference, FinDEVr San Francisco 2014, and saw an impressive showcase of APIs and SDKs from a dozens of companies. Since then, we’ve gathered feedback, tweaked the format, and recruited outstanding presenters for this year’s FinDEVr conference. Pre-sale tickets are now on sale through the end of this week, Read more…
While it wasn’t a unicorn week, 15 companies raised $125 million for a respectable annual run-rate of $6.5 billion. There were two jumbo rounds: $50 million to cryptocurrency startup Circle and $30 million to multiple Finovate Best of Show winner MX (formerly Money Desktop). Here are the deals listed by size from 25 to 30 Read more…
On Finovate.com Xero and ZenPayroll Win Honors at CPA Practice Advisor 2015 Reader’s Choice Awards Finovate Debuts: Using Financial Media Solutions’ MAPPS to Create Videographics Around the Web MasterQueue, powered by Intellaegis, partners with Whitepages Pro. ITProPortal profiles TransferWise. Bitpost lists Coinbase and Blockchain as 2 of the top 5 bitcoin wallets on Android. EVO Read more…
More than a quarter of the companies recognized in AlwaysOn’s first OnFinance Top 100 roster are Finovate alums. The OnFinance Top 100 is designed to recognize the Top 100 private companies in fintech. The list was chosen by the AlwaysOn editorial team, along with several venture capital firms and industry experts. The criteria included degree Read more…
It’s about this time every year that someone tells me there just isn’t that much new going on, at least not like the “old days” (which could be last year, 2007, or 1997). Usually, they want me to change their mind, offer up some crazy examples of how the world of financial services is about Read more…
The first quarter ended with a flourish of funding as 13 companies raised new funds ranging from $810,000 to $60 million. The total intake was $123 million, of which about half was the $60 million in debt raised by FinovateSpring15 presenter Yapstone. In addition, two Finovate crowd favorites were acquired this week: Toopher by SalesForce Read more…
It was a busy week as both Barclay’s Accelerator and YC announced their newly funded companies. In total, 19 companies announced new fundings bringing in a total of $181 million. Two of the top-3 deals involved Finovate alums with Ayadsi pulling in $55 million, Lendio $20.5 million, and Advanced Merchant Payments (undisclosed). In addition, two Finovate alums were acquired at Read more…