Latest Findex News: Finextra Research

Investec takes stake in Australian fintech accelerator H2

International banking and asset management group Investec has acquired a stake in Australian fintech startup accelerator H2 for an undisclosed sum.

03 March 2016

Company update/Findex

Deposify raises €1.1million to fund US expansion

Dublin based financial technology start-up Deposify has raised €1.1million to fund its US expansion.

02 March 2016

Company update/Findex

ICE agrees to buy two data units from McGraw Hill

Intercontinental Exchange (ICE), a leading operator of global exchanges, clearing houses and data services, announced today that it has entered into a definitive agreement to acquire Standard & Poors Securities Evaluations, Inc. (SPSE), a leading provider of fixed income evaluated pricing, and Credit Market Analysis (CMA), a leading provider of independent data for the over-the-counter (OTC) markets, two assets under the S&P Global Market Intelligence business unit, from McGraw Hill Financial (NYSE (NYX): MHFI).

01 March 2016

Company update/Findex

Citi to acquire Costco co-brand card portfolio from AmEx

Citi today announced it has signed a definitive agreement with American Express to acquire Costco’s U.S. co-brand credit card portfolio.

29 February 2016

Company update/Findex

Ribbit.me raises $1.5 million seed round

Ribbit.me, a NY-based blockchain technology startup, announced that it closed a $1.5 million seed round, led by Hayaat Group, an investment company based in Dubai, with Privity FZ LLE acting as advisor.

26 February 2016

News/Findex

Spain's BME buys out Infobolsa partner Deutsche Bourse

Spanish exchange operator Bolsas y Mercados Españoles (BME) has paid partner Deutsche Bourse EUR8.2 million in cash to take full ownership of financial information outfit Infobolsa.

25 February 2016

Company update/Findex

ACI looks ahead to long-term growth on FY results

ACI Worldwide (ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced financial results for the quarter and full year ended December 31, 2015.

25 February 2016

News/Findex

Earthport warns of £5 million loss at FX subsidiary Baydonhill

UK payments processor Earthport is warning of a potential financial loss of £5 million at its wholly-owned foreign exchange subsidiary Baydonhill.

25 February 2016

Company update/Findex

Iress FY profits and revenue both increase

IRESS Limited today announced statutory net profit for the 12 months to 31 December 2015 of $55.4 million, up 9% over the prior year.

25 February 2016

News/Findex

Corporate venture investment behind 2015 surge in UK fintech deals

UK investment for financial technology firms increased by 35% to $901 million across 72 deals in 2015, with lower deal volume indicating a trend for larger funding rounds globally, according to statistics compiled by Innovate Finance.

24 February 2016

Company update/Findex

Borrowell pockets $6.4 million in operating and loan capital

Today, technology-driven marketplace lender and Canadian fintech leader Borrowell announced that Equitable Bank, along with Hedgewood, Power Financial Corporation and other investors, will invest $6.4 million of operating and loan capital in Borrowell’s platform.

23 February 2016

Company update/Findex

Oz fintech MoneyMe raises $30M

Consumer fintech firm, MoneyMe, has announced a $30 million capital raise after just two years in operation, signaling increasing confidence by the investment community in fintechs who demonstrate an ability to achieve their growth projections and deliver true consumer value.

22 February 2016

Company update/Findex

Qubit raises $40m in series C round led by Goldman Sachs

Qubit, the pioneer in delivering data-first customer experiences, today announces a $40m Series C investment led by Goldman Sachs Merchant Banking Division, with participation from Sapphire Ventures, and previous investors Accel and Salesforce Ventures.

22 February 2016

Company update/Findex

NFT launches fintech fund in Finland

NFT Ventures and Finnish media company MTV start a collaboration that aims at promoting activities of technology start-ups in the banking sector.

17 February 2016

Company update/Findex

B2B payments platform StoneEagle Services raises $76 million

StoneEagle Services (VPay), a leading turnkey B2B payments platform, today announced a $76 million investment led by FTV Capital, a growth equity investment firm with a strong track record in the payments industry.

17 February 2016

Company update/Findex

GLI Finance hires Andy Whelan as CEO, announces strategic Review and NAV Update

The Board of Directors is pleased to announce that Andy Whelan, GLI's Interim CEO, has been appointed as the Company's permanent Chief Executive.

16 February 2016

News/Findex

Goldman Sachs invests in big data insights firm Zoomdata

Goldman Sachs has led a $25 million Series C equity financing round in Zoomdata, a supplier of fast visual analytics for real-time streaming and historical data.

16 February 2016

Company update/Findex

Droplet heads back to Crowdcube for second funding bid

A fast growing mobile app that combines loyalty with payments is one of the first companies in the UK to return to Crowdcube to achieve its aim of being in 20 cities by the end of 2016.

16 February 2016

Company update/Findex

Temenos earnings up 23% in 2015

Temenos Group AG (SIX: TEMN), the market leading provider of mission-critical software to financial institutions globally, today reports its fourth quarter and full year 2015 results.