Findex

4073 articles tagged with this keyword

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Credit scoring startup Aire raises $5m; wins Zopa deal

AI-based credit scoring startup Aire has raised $5 million in a Series A funding round and won deals to work with P2P lending pioneer Zopa and the UK arm of Toyota Financial Services.

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Visa posts Q3 results

Visa Inc. (NYSE:V) today announced financial results for the Company’s fiscal third quarter 2017, ended June 30, 2017.

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LendKey closes Series C round

LendKey, the leading lending-as-a-service solution for banks and credit unions, today announced $13 million in Series C funding, $8 million in equity and $5 million in debt financing.

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Blockchain startup Billion pockets EUR2 million EU grant

The EU’s biggest Research and Innovation programme, Horizon 2020, announced that it granted funding of almost EUR 2M to Billon Group, under the SME Instrument programme, to expand its innovative DLT solutions beyond instant corporate payments, into eCommerce and content monetization solutions.

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Boost for UK fintech as ReceiptBank raises $50 million

Receipt Bank, the award-winning bookkeeping automation platform and one of Europe’s fastest-growing businesses, has raised US$50 million in Series B funding from Insight Venture Partners.

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Finstar commits $150m to fintech investment

Private equity outfit Finstar Financial Group is planning to pump $150 million into fintech startups over the next five years.

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Abacus Group receives minority investment from WestView

Abacus Group LLC, a provider of managed IT solutions and infrastructure to the financial services industry, announces that it has received a minority growth investment from WestView Capital Partners, a Boston-based private equity firm focused on middle market growth companies.

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Diebold turns in Q2 loss

Diebold Nixdorf today reported its second quarter 2017 financial results.

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Urban FT buys iParse

Urban FT, Inc. today announced it has completed the acquisition of iParse LLC, an Oregon-based tech firm and holder of a number of mobile banking-related patents.

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Contextual engine Flybits raises $6.5 million

Flybits, Inc., a context-as-a-service company that enables enterprises to leverage data intelligence with minimal complexity, today announced that it has raised $6.5 million in Series B funding.

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Pillar Token sale raises $21 million for personal data locker

The 60-hour Pillar Token sale, (which closed at about 9:00 PM UK-time on Monday July 17) run by Twenty Thirty), the Swiss blockchain innovation company, has raised 113,674 Ether, valued at $21.21 million with 13,446 transactions, making the average transaction 8.45 Ether (about $1,500).

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Maven leads £3.5 million investment in Contego

Maven Capital Partners (“Maven”), one of the UK’s leading private equity houses, has led the £3.5 million investment in Contego Fraud Solutions (“Contego”), to support the continued growth of the business.

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Barclays rides payments-as-a-service wave with investment in Form3

Barclays Bank has joined Angel Co-Fund and individual investors in a $5 million funding round for Form3, a provider of an API-based single point of access to the full universe of payment schemes.

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Mastercard to buy AI outfit Brighterion

Mastercard is looking to boost its fraud detection capabilities through the acquisition of artificial intelligence specialist Brighterion. Financial terms of the deal were not disclosed.

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Former Credit Suisse board member de Boissard backs credit risk AI startup

Former Credit Suisse board member Gaël de Boissard and ex-Deutsche Bank COO Henry Ritchotte have invested in James, a startup using artificial intelligence to tackle credit risk.

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Investing app Stash raises $40m

Stash, a New York startup bidding to bring app-based investing to the masses, has raised $40 million in a Series C funding round led by Coatue Management.

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Fixed income algo provider Quantitative Brokers scores $24m investment from Centana

Quantitative Brokers (QB), an independent, global financial technology company providing advanced algorithms and data-driven analytics to clients in the futures and US cash treasury markets, today announced a $24 million strategic investment from Centana Growth Partners.

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Revolut scores bumper $66 million investment round

Money transfer outfit Revolut has scored a bumper $66 million investment round and announced plans for a £4 million crowdfunding campaign as it looks beyond Europe's borders to Asia and the US and builds on its progression into a fully-fledged banking-as-a-service platform.

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NEX Group issues trading statement

NEX Group plc (“NEX”) (NXG.L), a financial technology company at the centre of global markets, announces its trading statement for the period from 1 April 2017 to 30 June 2017 ahead of its Annual General Meeting today.

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Santander InnoVentures steps up fintech spending

Santander InnoVentures, the venture capital fund of Santander Group, is moving ever deeper into the fintech ecosystem with strategic investments in the UK startups Pixoneye and Curve and US based Gridspace.