Latest Findex News: Finextra Research

Citi Ventures leads $11 million round in AI-based personal finance advocate Clarity Money

Personal finance app Clarity Money has raised a further $11 million in venture capital financing in a Series B round led by RRE Ventures and Citi Ventures.

23 March 2017

Company update/Findex

Ayondo to list in Singapore at a valuation of $158 million

Corrected: ayondo is a FinTech company within social trading with CFD and Spread Betting as a part of its offering.

23 March 2017

News/Findex

Revolut to undertake £4 million crowdfund raise; launches subscription service

Revolut is taking a leaf out of Amazon's playbook, launching a Prime-like subscription account that gives members cheaper deals and the opportunity to participate in a forthcoming crowdfunding raise.

23 March 2017

News/Findex

Gemalto shares in freefall as US switch to chip slows

Shares in Gemalto have taken a tumble after the French firm revised revenue forecasts sharply downwards due to a sluggish take-up of EMV cards in the US.

22 March 2017

Company update/Findex

Big data firm RavenPack scores $5 million funding

RavenPack, the big data analytics provider for financial services, is today excited to announce it has secured $5 million backing from Draper Esprit (AIM:GROW, ESM: GRW), a leading venture firm involved in the creation, funding and development of high-growth technology businesses.

21 March 2017

Company update/Findex

Earthport H1 "enouraging"

Earthport (AIM: EPO.L), the leading network for cross¬border payments, is pleased to announce its unaudited interim results for the six month period ended 31 December 2016.

21 March 2017

News/Findex

Tandem rocked by £29 million funding halt

Digital challenger bank Tandem has been rocked by news that Sanpower, the Chinese conglomerate which owns House of Fraser, has been forced to cancel a £29 million cash injection intended to help the startup meet regulatory capital requirements.

20 March 2017

News/Findex

Chinese fintech fund makes US startup investments

CreditEase, a $1 billion fintech investment fund operating out of China, has announced a series of investments in US-based financial technology startups.

17 March 2017

News/Findex

UK competition watchdog tells Diebold Nixdorf to sell off some business

The UK's Competition and Markets Authority (CMA) has ordered Diebold Nixdorf to sell one of its customer-operated ATM businesses.

16 March 2017

News/Findex

First Data boosts e-commerce biz through Acculynk acquisition

US fintech giant First Data is strengthening its e-commerce hand through the acquisition of Atlanta-based Acculynk. Financial terms of the deal were not disclosed.

16 March 2017

News/Findex

Middle East and North Africa braces for fintech boom

The Middle East and North Africa (Mena) is set to experience a boom in fintech innovation over the next three years, propelled by a large unbanked population, VC inflows and the rapid emergence of a host of new startups, according to a state of the nation report prepared by local payment services outfit Payfort and entrepreneurial platform Wamda.

16 March 2017

Company update/Findex

Gresham looks ahead to 2017 following solid progress in FY16

Gresham Technologies plc (LSE: “GHT”, “Gresham” or the “Group”), the leading software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions, is pleased to announce its results for the financial year ended 31 December 2016.

14 March 2017

Company update/Findex

App-only stockbroker Freetrade raises £1.1 million on Crowdcube

Freetrade, an app-only stockbroker service designed to democratise access to the stock market by offering zero commission on global transactions, or account minimums, has raised £1.1 million within 12 days of its second Crowdcube, crowd fundraising campaign.

14 March 2017

News/Findex

SolarisBank raises EUR26.3 million

German banking-as-a-service platform solarisBank has confirmed a EUR26.3 million funding round from a cohort of international investors, including Arvato Financial Solutions - the financial services subsidiary of local media outfit Bertlesmann - and Japan's SBI Group.

14 March 2017

News/Findex

PayPal invests in South Korean P2P payments app Toss

PayPal has joined a $48 million Series C funding round for Viva Republic, the South Korean firm behind a Venmo-like money transfer app.

09 March 2017

Company update/Findex

Online bank PayQix secures $11 million investment

PayQix, Inc., a revolutionary online bank (BankQix) with a built-in business and transaction management platform that bridges the gaps between social media, sales, marketing, and business automation tools, as well as legacy transaction management tools like PayPal and QuickBooks, today announced it closed an $11 million dollar investment with an international multi-strategy focused family office.

09 March 2017

Company update/Findex

Cashless payments growth helps to keep SIX on track in 2016

SIX remained on track in 2016, continuing to hold its position in an increasingly challenging market environment.

09 March 2017

News/Findex

CurrencyCloud secures £20 million funding to fuel expansion

Fast-growing fintech startup CurrencyCloud has raised £20 million in Series D funding with a new investment from Google's GV and additional capital from existing investors – Notion Capital, Sapphire Ventures, Rakuten FinTech Fund, and Anthemis.

09 March 2017

News/Findex

NAB Ventures leads $24m funding round for cross-border payments startup Veem

Blockchain-based cross border business payments startup Align Commerce has rebranded as Veem and raised $24 million in a Series B funding round led by the new venture arm of National Australia Bank.

09 March 2017

Company update/Findex

Dream Payments raises $10m

Dream Payments (Dream), a leading financial technology (fintech) company that operates a payments cloud that powers commerce and payments across mobile devices and the Internet of Things (IoT), today announced the closing of a $10 million Series A financing round.

08 March 2017