Latest Findex News: Finextra Research

ING invests in Asian marketplace lender WeLab

Fresh from its investment in US marketplace lender Kabbage, Dutch bank ING has taken a stake in WeLab, a non-bank provider of consumer loans in China and Hong Kong.

20 January 2016

Company update/Findex

Verifone to acquire AJB Software Design

Verifone (NYSE: PAY) today announced it has signed an agreement to acquire AJB Software Design, Inc., a Toronto-based provider of payment gateway and switching solutions for large merchants in the U.S. and Canada.

20 January 2016

Company update/Findex

VC funding slowed drastically in Q4

After a remarkable three calendar quarters of Unicorns, mega-rounds, and tech bubble chatter in 2015, overall market concerns around valuations, burn rates, and over-funding put the brakes on investment in venture capital (VC)-backed companies in Q4'15, according to Venture Pulse, the quarterly global report on VC trends published jointly by KPMG International and CB Insights.

19 January 2016

News/Findex

Chinese e-commerce outfit JD.com raises $1.1 billion to grow financial arm

Chinese e-commerce company JD.com has raised RMB6.56 billion ($1.1 billion) to grow its financial services arm, JD Finance.

18 January 2016

Company update/Findex

Verifone agrees acquisition of AJB Software Design

Verifone (PAY) today announced it has signed an agreement to acquire AJB Software Design, Inc., a Toronto-based provider of payment gateway and switching solutions for large merchants in the U.S. and Canada.

15 January 2016

Company update/Findex

IBM buys Iris Analytics

IBM (NYSE: IBM) today announced that it has acquired IRIS Analytics, a privately held company specializing in real-time analytics to help combat payment fraud.

15 January 2016

News/Findex

Digital savings startup Moneybox raises $3 million

Moneybox, a digital savings and investment app that rounds up spare change from card transactions into a stocks and shares ISA, has raised $3 million from Betfair and Ocado investor Samos Investments and a group of angel investors.

13 January 2016

News/Findex

Markit to buy Loan/SERV position reconciliation tech assets

Financial data outfit Markit has agreed to buy the position reconciliation technology assets of Loan/Serv from the Depository Trust & Clearing Corporation (DTCC). Financial terms have not been disclosed.

11 January 2016

News/Findex

Mambu raises EUR8m

Commerzbank's venture capital fund has joined a EUR8 million funding round for SaaS banking platform provider Mambu.

11 January 2016

Company update/Findex

Capita buys PayPoint online payments business

Capita has added to its payments capability with the acquisition of the online payments business of PayPoint.

08 January 2016

News/Findex

Thiel joins EUR6.5 million round in European startup Deposit Solutions

PayPal founder Peter Thiel has joined a EUR6.5 million funding round in Hamburg-based startup Deposit Solutions, which is building a B2B-based open architecture platform for retail deposits across Europe.

08 January 2016

Company update/Findex

UK tech firms smash venture capital funding record

The UK’s technology sector is continuing to attract record levels of venture capital funding, with companies raising more than $3.6 billion in 2015, according to figures compiled by London & Partners, the Mayor of London’s promotional company.

07 January 2016

Company update/Findex

Indian bitcoin firm Zebpay raises $1m

Zebpay, India’s first bitcoin company announces $1 million in series A funding, led by private equity investors. The funding is aimed at further escalating the company’s already impressive growth and customer service success.

06 January 2016

Company update/Findex

Gem leads blockchain investment for 2016 securing $7.1M in series A funding

Gem, a leading blockchain platform provider, announces today that it has closed $7.1 million in Series A funding, led by Pelion Venture Partners and participated in by KEC Ventures, Blockchain Capital, Digital Currency Group, RRE Ventures and more.

06 January 2016

Company update/Findex

Restaurant POS outfit Toast closes $30m Series B funding round

Toast, the leading all-in-one restaurant point-of-sale company, announced today that it has closed $30 million in Series B funding to further accelerate the company's impressive growth and customer success.

06 January 2016

Company update/Findex

EchoSat acquires SmartLink division of Heartland Payment Systems

EchoSat, Inc., a leading provider of payments security, managed firewall and network solutions, announced today that it has acquired the SmartLink division of Heartland Payment Systems (NYSE: HPY), one of the nation’s largest payment processors.

05 January 2016

Company update/Findex

FinTech Ventures Fund announces acquisition of shares of IOU Financial Inc

FinTech Ventures Fund, LLLP ("FinTech"), announced today pursuant to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues that it has acquired ownership of 8,878,905 common shares ("Common Shares") of IOU Financial Inc. ("IOU"), pursuant to a Share Purchase Agreement dated December 31, 2015, between FinTech and Qwave Capital LLC ("Qwave").

05 January 2016

Company update/Findex

Paypro closes a €310,000 funding round

The PayPro is a FinTech based in the City of London and it just closed the private investment of a funding round with 310,000 Euros led by IDODI Venture Capital, fund managed by Marc Vidal, Daniel Lacalle, Carlos Blanco and Carlos Guerrero, among others, and Lanta Capital, including Ángel García, Tomás Diago (Softonic), Mauricio Prieto (eDreams), Dídac Lee and other participants.

22 December 2015

Company update/Findex

BorsadelCredito raises €1m from P101

BorsadelCredito.it, a Milan, Italy-based online SME peer-to-peer lending marketplace, raised €1m in venture capital funding from the leading Venture Capital firm P101.

22 December 2015

News/Findex

Mobile-first US bank Bee joins AXA startup portfolio

AXA's $250M venture capital fund dedicated to emerging strategic innovations in insurance and financial services has added four new companies to its portfolio, marking a total of $6 million in seven US startups since the fund was launched in February of this year.

22 December 2015