Archive for the ‘FinTech’ Category

Fintech Startup Cleo Raises $10M in Series A Funding

Cleo, a London, UK-based fintech startup that allows people to track spending, raised $10M in Series A funding. The round was led by Balderton Capital, with participation from Niklas Zennström, founder of Skype, Taavet Hinrikus, founder of TransferWise, and seed fund LocalGlobe. The company is using the funds to hire new people, continue to develop […]

Africa’s fintech startups are innovating out of need and global investors are backing them

A primary reason fintech startups remain prominent on investors’ radar is the sheer necessity of the work they do in plugging gaps in financial services in Africa. While in more developed economies, fintech startups focus on disrupting the already existing banking industry, in Africa, they are typically building technical infrastructure and systems from scratch. The fundamental […]

Chinese fintech company X Financial makes NYSE debut

X Financial, a Chinese tech-driven personal finance company, rang the NYSE opening bell on Wednesday in celebration of its IPO. The company, trading under the ticker symbol of “XYF”, announced its IPO of 11,000,000 American depositary shares (ADSs), each representing two Class A ordinary shares, at a price to the public of $9.5 per ADS for […]

Plug and Play Singapore Announces First Batch of Startups Selected For Its Fintech and Insurtech Program

After screening over 200 applicants, the final selection of 24 startups has been accepted into Fintech and Insurtech Singapore, which aims to facilitate pilots, POCs, and business development opportunities between the financial and insurance institutions and startups participating. Throughout the duration of the 12-week program, startups will be introduced to Plug and Play’s corporate partners and […]

Sydney fintech Frollo scores $65,000 grant to take “Fitbit for finance” app to the next level, and reduce stress for Australians

Fintech startup Frollo has taken home a $65,000 grant from the MetLife Foundation, having been named best financial solution for low- to moderate-income Australians at MetLife’s Inclusion Plus competition for its gamified personal finance solution. Frollo is a personal finance app that uses gamified features to help users identify and change bad spending habits. The startup […]

Fintech Trends – How Belgium and Japan Resemble & Differ

Numerous articles compare different European countries or compare Europe and the US when it comes to financial regulation, the IPO market or the types of FinTech applications that are easily adopted (or not) by the public. Simont Braun decided to take a look in a different direction and together with the Japanese law firm Keiwa […]

Don’t cut up your credit cards yet — or sell MasterCard, Visa and AmEx

The demise of the credit card is greatly exaggerated. Yes, companies like Square and PayPal, which owns Venmo, are red hot — especially with millennials. But the stocks of American Express, Visa and MasterCard have all hit record highs in the past week. It’s easy to dismiss these credit card companies as financial endangered species, […]

Irish fintech player PFS hits €50m revenues and eyes potential IPO

Fast-growing fintech company Prepaid Financial Services (PFS) has just recorded its 10th consecutive year of returning record profits. The company, which has operations in Navan and London, has reported that revenues have hit more than €50m and EBITDA (earnings before interest, taxes, depreciation and amortisation) of €6.2m. The company’s solutions include e-wallets, physical and virtual prepaid cards and […]

DifferentFunds Launches the First Platform Built for Investing in Venture Funds

DifferentFunds, Inc. announced the launch of their venture investing platform. The platform enables qualified investors to review a variety of available funds and make investments through the platform. The team at Different aims to make venture investing easier, more efficient, and more engaging for Accredited investors and large institutions alike. The Different team brings extensive experience […]

SA fintech JUMO closes $52m round led by Goldman Sachs

SA fintech JUMO announced the close of an equity funding round of $52-million led by Goldman Sachs. Also participating in the round were Proparco, the private sector financing arm of the French Development Agency, Finnfund, Vostok Emerging Finance, Gemcorp Capital, and LeapFrog Investments. The startup’s platform helps facilitates digital financial services such as credit and savings in […]