Posts Tagged ‘startup’

Fintech startup Hnry extends oversubscribed pre-seed capital raise

Wellington-based fintech startup Hnry’s pre-seed capital raise was so popular that it was oversubscribed by $100,000 within days of launch. The company’s initial target of $550,000 exceeded expectations when it reached $650,000 – and now they’re looking to expand that target to $850,000 by November. According to Hnry cofounder and CEO James Fuller, the huge response […]

Sixty startups to showcase their wares at Singapore Fintech Festival

The Monetary Authority of Singapore (MAS) announced the 60 finalists that will vie for the Global FinTech Hackcelerator and FinTech Awards at this year’s Singapore FinTech Festival. This year’s finalists were selected from 514 submissions from over 40 countries, representing a cross-section of the growing FinTech community, including in insurance, digital payments, and cybersecurity. More than […]

Brex Seals $125M Round For Unicorn Valuation

Business credit card startup Brex closed a $125 million Series C funding round, valuing the company at $1.1 billion just a little over three months after launch. The funding, led by Greenoaks Capital, DST Global and IVP, will be used to enhance its existing feature set, with plans to launch a rewards program in the coming […]

AICPA seeks startup candidates for accelerator

The Association of International CPAs (AICPA) and its technology arm, CPA.com, are now seeking candidates for their joint startup accelerator program, designed to encourage innovation in accounting and finance. Applications are due Nov. 30, 2018. Selections will be made by early 2019, and the program will last approximately six months. Companies who are chosen will be […]

Ethereum Cofounder Invests US$6.5 Million in a Blockchain FinTech Startup

Joseph Lubin, Co-Founder of Ethereum and Founder and CEO of ConsenSys, has invested US$6.5-million as part of the Series A funding raised by a blockchain-based fintech startup DrumG Technologies, founded by several senior-level executives from R3, an enterprise blockchain software company, and Ethereum’s competitor. DrumG is working on building enterprise distributed ledger applications for the […]

Société Générale Acquires Fintech Startup Treezor

Société Générale, France’s third-largest bank, has acquired French fintech startup, Treezor. Founded in 2015, Treezor is described as one of France’s pioneering Banking-as-a-Service platforms, providing services across the entire payment chain through API to many innovative financial-sector companies. Read more

Vietnam’s Tima raises US$3M in Series B funding round, nearing US$20M valuation

Vietnamese fintech startup Tima has raised a US$3 million Series B funding round from private equity fund Belt Road Capital Management, pushing the company’s valuation close to US$20 million. The funding will be used to support Tima’s expansion to 63 cities in Vietnam, as well as to invest more in tech development and talent acquisition. Founded in […]

BBVA unveils match-making platform for fintech startups

Banco Bilbao Vizcaya Argentaria (BBVA) has launched a match-making platform that helps fintech startups get in touch with business units at the Spanish bank that might benefit from their products and services. The Open Marketplace already has 150 members, which can use a search tool, a directory of profiles and a smart match-making system to connect […]

Fintech startup OptaCredit in early talks to raise $8-10 million

Alternative-lending firm OptaCredit is reportedly in early talks to raise around $8-10 million to fund its expansion and growth plans. The fintech startup had earlier raised an undisclosed amount as part of its Pre-Series A. Using its proprietary scoring techniques, OptaCredit focuses on exploring unique, alternative mechanisms to create new ways for a more defined […]

U.S. fintech startup Stripe valued at $20 bln in latest funding round

Payments startup Stripe has raised $245 million in funding, better positioning the company to expand to new markets globally and attract bigger customers. The new funding round values San Francisco-based Stripe, whose products make it easier for companies to accept online payments and bill customers, at $20.25 billion, a dramatic surge from its most recent $9.2 […]