Latest Findex News: Finextra Research

Company update/Findex

Online lending platform Credibly receives $70 million credit facility

Credibly, a tech and data-inspired lending platform that makes access to capital for small businesses simple and intuitive, announces the closing of a $70 million credit facility with SunTrust Bank, one of the nation’s largest financial services firms, and AloStar Bank of Commerce, a specialty provider of asset-based loans.

02 February 2016

Company update/Findex

TradeRocket strikes working capital pact with Hitachi Capital

TradeRocket, a next generation FinTech company, has entered into an agreement with Hitachi Capital America Corp. to provide working capital to the mid-market through an innovative supply chain financing program.

02 February 2016

News/Findex

Business lending startup Spotcap raises EUR31.5 million

Berlin-based online business lending platform Spotcap has secured EUR31.5 million in third round financing as it prepares to expand its operations globally.

02 February 2016

News/Findex

FTV Capital invests in UK wealth management outfit True Potential

British investor and wealth management technology platform True Potential has sold a "significant minority" stake to US private equity firm FTV Capital in a deal that values the fintech outfit at more than £150 million.

02 February 2016

Company update/Findex

Dopay secures $2.4 million funding

dopay, the Level39 member which uses payroll to reach the largest untapped sector in retail banking, has secured US$2.4 million in pre-series A funding in a round led by Techstars Ventures and Force Over Mass Capital.

29 January 2016

Company update/Findex

MasterCard posts 11% fourth quarter net income rise

MasterCard Incorporated (MA) today announced financial results for the fourth quarter of 2015. The company reported net income of $890 million, an increase of 11%, or 18% after adjusting for currency, and earnings per diluted share of $0.79, up 14%, or 22% when adjusted for currency, versus the year-ago period.

29 January 2016

Company update/Findex

Rakuten Ventures establishes Yen10 million Japanese startup fund

Rakuten Ventures today announced the launch of the Rakuten Ventures Japan Fund, a 10 billion yen (approx. US$84 million) venture capital fund targeting investments in startups in Japan.

29 January 2016

News/Findex

Citi Ventures invests in C2FO

Citi Ventures has made a strategic investment in Kansas City-based working capital marketplace C2FO. Terms of the arrangement have not been disclosed.

28 January 2016

Company update/Findex

DTS Systemts beats analysts estimates; cautions on 2016 growth prospects

DST Systems, Inc. (DST) reported consolidated net income attributable to DST ("DST Earnings") of $67.8 million ($1.94 per diluted share) for the fourth quarter 2015 compared to $255.1 million ($6.65 per diluted share) for the fourth quarter 2014.

28 January 2016

Company update/Findex

Nasdaq reports Q4 profits uplift

Nasdaq, Inc. ( NDAQ ) today reported record results for the fourth quarter and full year of 2015.

28 January 2016

Company update/Findex

Morningstar invests $10m in PitchBook Data

PitchBook Data, Inc., a trusted resource for research, data, and technology for professionals in the private equity, venture capital, and M&A markets, has raised $10 million in financing from existing investor Morningstar, Inc., nearly doubling the strength of PitchBook’s balance sheet and bringing Morningstar’s ownership stake to about 20%.

27 January 2016

News/Findex

Tsys agrees $2.35bn TransFirst acquisition

Tsys has struck a $2.35 billion cash deal to buy fellow payments firm TransFirst from Vista Equity Partners.

27 January 2016

Company update/Findex

Wincor Nixdorf revises guidance upwards as restructuring yields rewards

Wincor Nixdorf AG saw net sales rise by 14% year on year in the first quarter of the current fiscal year 2015/2016, while operating profit (EBITA) before restructuring expenses increased by 78%.

25 January 2016

Company update/Findex

Restructuring dampens Earthport revenues

Earthport (AIM: EPO.L), the leading payment network for cross-border payments, is pleased to provide an unaudited trading update for the six month period ended 31 December 2015 ("H1 FY16").

25 January 2016

News/Findex

HSBC invests in cognitive computing firm CustomerMatrix

HSBC has led a $10.5 million Series B funding round for New York-headquartered cognitive computing startup CustomerMatrix.

25 January 2016

News/Findex

Financial industry giants join $50m Digital Asset Holdings funding round

Digital Asset Holdings, the blockchain startup helmed by former JP Morgan luminary Blythe Masters, has raised more than $50 million in a funding round joined by some of the biggest names in financial services, including Citi, Deutsche Börse and Santander InnoVentures. One of the investors, the ASX, has also handed Digital Asset a contract to design a post-trade settlement system using distributed ledger technology.

21 January 2016

Company update/Findex

American Express Q4 net income falls

American Express Company (AXP) today reported fourth-quarter net income of $899 million, down from $1.4 billion a year ago. The current and year-ago quarters included a number of significant items that affected year-over-year comparisons.

21 January 2016

Company update/Findex

Working capital startup BlueVine raises $40 million funding round

BlueVine, a leading online provider of working capital financing to small businesses, announced today it has closed $40 million in funding, bringing the company’s total funding to $64 million to date.

21 January 2016

Company update/Findex

BlueVine raises $40m

BlueVine, a leading online provider of working capital financing to small businesses, announced today it has closed $40 million in funding, bringing the company’s total funding to $64 million to date.

20 January 2016

Company update/Findex

LendUp raises $150 million

As it positions itself for further growth, LendUp has raised $150 million in a combination of Series B round financing and an expanded credit facility.

20 January 2016