Latest Findex News: Finextra Research

Company update/Findex

ID Finance and Da Vinci Capital launch $200m fintech fund

ID Finance, the emerging markets fintech company, has joined forces with former Elbrus Capital fund manager Yuri Popov and asset management company Da Vinci Capital to launch FinTech Credit Fund, a $200m debt finance fund aimed at financial technology companies with a focus on alternative lending.

02 August 2017

Company update/Findex

'Financial wellbeing' startup Neyber raises £21 million

London-headquartered Neyber, the sector leading financial wellbeing provider, has raised £21M of new equity at the closure of its series C funding round.

02 August 2017

News/Findex

Mobile ID scoring startup Juvo raises $40 million

Mobile identity scoring startup Juvo has raised a $40 million Series B funding round led by New Enterprise Associates (NEA) and Wing Venture Capital.

01 August 2017

Company update/Findex

Fiserv buys assets of PCLender

Fiserv, Inc. (NASDAQ:FISV), a leading global provider of financial services technology solutions, announced today it has acquired the assets of PCLender, LLC, a leader in next generation enterprise internet-based mortgage software and mortgage lending technology solutions.

01 August 2017

News/Findex

Blockchain book author launches $20m digital asset investment vehicle

The author of a book on blockchain is launching a digital asset investment firm with $20 million in backing.

31 July 2017

Company update/Findex

PayPal joins £4 million Cloud IQ round

Today Cloud IQ, the commerce optimisation platform, announces that it has raised a £4m round, including an investment from PayPal (NASDAQ: PYPL).

31 July 2017

Company update/Findex

BNI Europea invests EUR15 million in Creditshelf

In Banco BNI Europa (“BNI Europa”), Creditshelf has succeeded in acquiring another strategic partner to help it provide financing to small and medium-sized undertakings (SMEs).

31 July 2017

News/Findex

Invoice financing startup DueCourse flops

DueCourse, a fintech startup in the crowded invoice financing space has gone into administration less than a year after pulling in a £6.5 million funding round.

31 July 2017

News/Findex

Andy Murray joins Revolut crowdfunding round

Tennis champ Andy Murray is one of tens of thousands of investors to have pledged to join a multi-million pound crowdfunding round for digital banking outfit Revolut.

31 July 2017

Company update/Findex

Branch-focused Metro Bank turns in profit as customer accounts surpass one million

Metro Bank PLC (LSE: MTRO), the revolution in British banking, has delivered another strong trading performance in Q2 and H1 2017.

27 July 2017

News/Findex

Overstock's Medici Ventures takes stake in Symbiont

Medici Ventures, the blockchain roll-up platform of e-commerce retailer Overstock, has made an undisclosed investment in Symbiont.

27 July 2017

Company update/Findex

PayPal quarterly revenues exceed $3 billion for the first time

Three years ago, we embarked on a bold mission to transform PayPal from a product to a platform.

27 July 2017

Company update/Findex

Ingenico reports net income rise

Ingenico Group, (Euronext: FR0000125346 - ING), global leader in seamless payment, announced today its revised results for the six months period end as of June 30, 2017.

26 July 2017

Company update/Findex

Stripe buys tax reporting outfit Payable

We’re excited to announce that Stripe has acquired Payable to help make it easier for platforms and marketplaces on Stripe Connect to meet their tax reporting obligations worldwide.

26 July 2017

Company update/Findex

ItzCash parent commits $100 million for investment and acquisitions

With the recent investment in ItzCash of $120 million in May 2017, World’s Largest Insurance Exchange, Ebix Inc. further commits $100 million fund to steer the next level growth path for ItzCash.

26 July 2017

Company update/Findex

Nasdaq posts Q2 revenue rise

Nasdaq, Inc. (Nasdaq:NDAQ) today reported financial results for the second quarter of 2017. Second quarter 2017 net revenues were $602 million, up $43 million or 8% from $559 million in the prior year period.

26 July 2017

Company update/Findex

Global VC fintech investment attracts $6.5 Billion in H1 2017

Global VC investment for FinTech in H1 2017 attracted $6.5 billion of VC investment with 787 deals, a 45% decrease year on year, according to statistics compiled through Pitchbook by Innovate Finance, the not-for-profit membership association for global FinTech.

26 July 2017

News/Findex

Personal Finance bot Cleo raises £2m

British AI-based personal finance chatbot Cleo has raised £2 million in a funding round led by Robin Klein at VC firm LocalGlobe and joined by Skype founder Niklas Zennström

26 July 2017

News/Findex

Betterment eyes profits, IPO on $70 million round

Online financial advisory firm Betterment has raised $70 million, valuing the robo-advisory hybrid at $800 million.

24 July 2017

Company update/Findex

Earthport posts H1 trading update

Earthport (AIM: EPO.L), the leading payment network for cross-border payments, is pleased to provide an unaudited trading update for the fiscal year ended 30 June 2017 (“FY 2017”).

24 July 2017