Latest Findex News: Finextra Research

Company update/Findex

Ally Financial agrees TradeKing acquisition

Ally Financial Inc. (ALLY) today announced that it has signed an agreement to acquire TradeKing Group, Inc., a digital wealth management company.

05 April 2016

News/Findex

Goldman Sachs leads $30m investment round in digital marketing outfit Persado

Persado, a self-styled "cognitive content generation platform" for digital marketing, has raised $30 million in a Series C funding round led by Goldman Sachs.

05 April 2016

Company update/Findex

Restaurant reservation firm Reserve buys POS outfit dash

As Reserve has grown, we’ve attracted great people and great investors. Today our network is expanding in two significant ways — we’re announcing a strategic investment from Diageo, the global leader in beverage alcohol, and we’re acquiring Dash, a payments and data technology company with sophisticated Point of Sale integration capabilities.

04 April 2016

Company update/Findex

Overstock.com invests $4 million in Caribbean digital currency startup Bitt

Overstock.com, Inc. (NASDAQ:OSTK) announced a strategic investment in Bitt.com, a Caribbean-based financial technology firm working to move island nations in that region to adopt digital national currencies. Overstock.com is investing $4 million in Bitt initially.

04 April 2016

Company update/Findex

First Derivatives says 'comfortably ahead' of concensus forecasts for H2

FD (AIM: FDP.L, ESM: FDP.I), a leading provider of software and consulting services, announces continued strong trading in the second half of its financial year to 29 February 2016.

04 April 2016

Company update/Findex

Tsys closes TransFirst acquisition

Tsys (TSS) today announced it has completed its acquisition of TransFirst, a leading U.S. merchant solutions provider. TransFirst and TSYS’ existing merchant businesses will be combined under the TSYS brand to create the 6th largest merchant acquirer in the U.S. based on revenue and the 3rd largest integrated payments provider in the U.S.

01 April 2016

Company update/Findex

Orc and CameronTec combine as Itiviti

Orc Group Holding AB (under name change to, and hereafter referred to as Itiviti Group Holding AB) today announced the completion of the combination with CameronTec Intressenter Top Holding AB. Orc and CameronTec on 2 February 2016 announced the establishment of the new combined company Itiviti.

01 April 2016

News/Findex

Branch raises $9.2m to bring mobile-based lending to developing markets

Branch, a startup promising to bring lending to people in developing nations by using data stored on their mobile phones to make credit decisions, has raised $9.2 million in a Series A funding round led by Andreessen Horowitz.

31 March 2016

Company update/Findex

Diebold commences $500m senior notes offering

Diebold, Incorporated (DBD) today announced that it has commenced, subject to market conditions, an offering of $500 million of senior notes due 2024 in an offering exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act") in connection with the proposed acquisition of Wincor Nixdorf Aktiengesellschaft ("Wincor Nixdorf").

30 March 2016

News/Findex

Robo-advisor Betterment raises $100m

Betterment has raised $100 million in a funding round led by Swedish investment firm Kinnevik which values the American robo-advisor at $700 million.

29 March 2016

Company update/Findex

Bluefin Payment Systems scores $6m growth equity financing

Bluefin Payment Systems announced today that Financial Partners, the private equity group of Napier Park Global Capital (US) LP (“Napier Park”), and Camden Partners have led a $6 million growth equity financing for the company.

29 March 2016

Company update/Findex

Payment Data Systems posts Q4 results

Payment Data Systems, Inc. (PYDS), an integrated payment solutions provider, today announced financial results for the fourth quarter and year ended December 31, 2015.

24 March 2016

News/Findex

Ingenico on acquisition trail

Ingenico is projecting a $500 million revenue boost from 'targeted acquisitions' in the payment space as it sets out a 2020 turnover objective of EUR4 billion.

24 March 2016

Company update/Findex

Fintex Capital completes first investment in German P2P marketplace

Fintex Capital, an institutional investor dedicated to established P2P-lending platforms in Europe, successfully completed its first investment on a P2P marketplace earlier this month.

23 March 2016

News/Findex

UniCredit sets up $200 million fintech fund

Italy's UniCredit is the latest bank to join the fintech funding arena, committing to a $200 million war chest in partnership with London VC firm Anthemis.

23 March 2016

News/Findex

GoCardless to expand globally on back of new $13 million funding round

London-based Direct Debit network GoCardless has raised a $13 million funding round from Notion Capital to extend its online bank-to-bank payment service to new geographies.

23 March 2016

Company update/Findex

Hockeystick raises $600k seed round to solve data collection problem for PE funds

Hockeystick.co has raised a $600k seed round from US and Canadian investors including LaunchPad Venture Group, BDC Capital, York Angels and Spark Angels.

22 March 2016

Company update/Findex

Earthport - interim results statement

Earthport (AIM: EPO.L), the cross-border payments company, is pleased to announce its unaudited interim results for the six month period ended 31 December 2015.

21 March 2016

News/Findex

Blockchain intelligence outfit Elliptic raises $5m

Startup Elliptic has closed a $5 million Series A funding round led by Paladin Capital Group, as it seeks to cash in on the distributed ledger craze with its technology for identifying illicit activity on the blockchain.

21 March 2016

News/Findex

Standard Chartered PE arm and Goldman Sachs invest $28m in Vietnamese mobile money firm

M_Service, the operator of Vietnamese mobile money outfit MoMo, has raised $28 million in funding from Goldman Sachs and the private equity arm of Standard Chartered.

17 March 2016