Posts Tagged ‘startup’

Australia’s fintech startups are starting to make profits

Australian fintech revenues are up 2.25 times and more of the startups have hit profitability as the local sector matures, according to the latest EY Census released at the FinTech Australia Intersekt conference. Almost one in five (19%) fintech companies are now profitable with those aged three years or older now making up 43% of […]

Ibibo Founder Launches AI-based FinTech Startup INDwealth; Raises $30 Mn from Steadview Capital

INDWealth, an AI and machine learning-based wealth management and advisory platform, will offer a slew of services to high net worth and ultra high net worth individuals. Its a full stack personal finance platform that aims to provide solutions to investors ranging from wealth management, investments, micro-savings, taxation, lending, expense management, and portfolio management.  The […]

Meet The 11 Fintech Startups From Financial Inclusion Lab

The Financial Inclusion Lab, a part of IIMA-CIIE’s Bharat Inclusion Initiative, has selected 11 fintech innovators for its first intake to the lab, where they will receive mentorship and guidance. The 11 selected startups are: Easyplan ExpressMojo Finlok GramCover Jai Kisan Kaarva MunshiG Navaana Tech SureClaim WonderLend Hubs XtraCap Read more

India startup funding: Fintech, Foodtech find favour with investors as of September 2018

Fintech and Financial Services have cornered a huge chunk of the funding raised this year. Fintech startups accounted for 99 of the 660 deals made this year — $1.60 billion of the total equity funding raised ($9.14 billion). Financial services accounted for $248 million across 16 deals. Other sectors that found favour with investors in the […]

Goldman-backed fintech startup Marqeta launches in Europe

Marqeta, a U.S. financial technology startup that helps young companies including digital-only banks issue payment cards, has expanded into Europe. The company will service the region from London, where it has hired at team of five and signed up new clients. Founded in 2010, Marqeta has raised a total of $116 million in venture capital, most recently […]

The SEC Is Setting Up a New Division to Talk to ICO Startups

The U.S. SEC is launching a new division with the goal of making it simpler for fintech startups – including those launching ICOs – to navigate the legal implications of their products. The Strategic Hub for Innovation and Financial Technology will act as a central point for the securities regulator to interact with entrepreneurs and […]

GREE Ventures backs seed round for Indonesian fintech startup CROWDE

Indonesian agriculture-focused fintech startup CROWDE has announced the closing of an undisclosed seed funding round led by GREE Ventures and joined by CREVISSE Partners and local prominent angels. The company will use the capital to accelerate the development of its fintech platform targeted at Indonesia’s agriculture sector. CROWDE allocates capital raised through its platform to […]

Univ. of Washington launches fintech incubator with BECU in Seattle, unveils initial startups

The University of Washington’s innovation arm is partnering with the state’s largest non-profit credit union to launch a new fintech incubator. BECU and CoMotion this week will open the BECU Fintech Incubator, a new group housed inside Startup Hall near the UW campus in Seattle. The first two startups joining the incubator include Noonum, a Seattle […]

THE BUX STOPS HERE: How a Perth fintech that raised $65 million ended up in liquidation

A Perth-based startup Bux Global with an app promising cheap international money transfers has been put into liquidation. The Federal Court of Australia was told that Bux Global raised at least $65 million. Evidence was given to the court that cash raised went to fund the private expenses of those associated with the startup and that the app […]

Penta, the German challenger bank account for SMEs, raises €7M Series A

Penta, the German fintech startup that offers a digital bank account targeting SMEs, has raised €7 million in Series A funding. Backing the company once again is Inception Capital, with total funding now at €10 million since Penta was founded in May 2016. Read more