Latest Findex News: Finextra Research

SoFi moves beyond lending with acquisition of mobile banking startup Zenbanx

Online lender SoFi is stepping up its efforts to take on America's banks by buying fellow fintech player Zenbanx, enabling it to offer checking accounts, credit cards and international money transfers. Financial terms were not disclosed.

01 February 2017

Company update/Findex

Cambridge Blockchain raises $2 million to build out digital identity platform

Cambridge Blockchain, LLC announced the closing of a $2 million convertible note today, with participation from leading technology investors Partech Ventures and Digital Currency Group.

01 February 2017

Company update/Findex

JPX takes minority stake in OpenGamma

The Japan Exchange Group ("JPX") has taken a minority stake in OpenGamma, a leading provider of derivatives risk analytics.

01 February 2017

News/Findex

After raising $5m, Qvivr gears up to launch wallet-replacing card

Qvivr, a US startup promising to replace the credit, debit, gift and loyalty cards in customers' wallets with a single card and app combo, has raised $5 million in a Series A funding round led by Khosla Ventures.

01 February 2017

Company update/Findex

Crossflow Payments wins Calibrate Management investment

Crossflow Payments (Crossflow), the technology driven alternative finance platform delivering innovative supply chain finance solutions, has today announced a significant investment from Calibrate Management (Calibrate), a leading investor focused on early stage, high growth firms.

01 February 2017

Company update/Findex

Mastercard Q4 profits rise

Mastercard Incorporated (NYSE:MA) today announced financial results for the fourth quarter and full year 2016. The company reported net income of $933 million, an increase of 5%, or 4% on a currency-neutral basis and earnings per diluted share of $0.86, up 9%, or 7% on a currency-neutral basis, both versus the year-ago period.

31 January 2017

Company update/Findex

Earthport H1 sees revenue and transaction volume growth

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 2016 ("H1 FY17").

31 January 2017

News/Findex

Reinventure backs hospitality API Doshii to the tune of $1 million

Westpac-backed venture fund Reinventure has allocated $1 million in seed funding to Melbourne-based hospitality app Doshii.

30 January 2017

News/Findex

BNP Paribas takes stake in AI-based compliance startup

BNP Paribas Securities Services has taken a minority stake in Fortia Financial Solutions, a software company which uses artificial intelligence, machine learning and business process monitoring to help the fund industry meet rising compliance requirements and manage mounting volumes of data.

30 January 2017

Company update/Findex

Mobile payments boost PayPal Q4 revenue

Global technology platform and digital payments leader PayPal Holdings, Inc. (PYPL) today announced fourth quarter and full year results for the period ended December 31, 2016.

26 January 2017

News/Findex

Personal Finance bot Cleo arrives on Messenger

Cleo, a chatbot that is aiming to become the Siri of personal finance, has arrived on Facebook Messenger after picking up backing from a host of big names, including the founders of Skype and Wonga.

26 January 2017

News/Findex

China's Ant Financial agrees $880m deal to buy MoneyGram

China's Ant Financial is flexing its international muscle by agreeing to buy US money transfer service MoneyGram in a cash deal worth $880 million.

26 January 2017

Company update/Findex

Credit China FinTech enters into US$30 million deal with Bitfury Group

Leveraging Blockchain Technologies to Transform its FinTech Platforms (26 January 2017, Hong Kong) The board of directors (the “Board”) of Credit China Fintech Holdings Limited (“Credit China Fintech” or the “Company”, stock code: 8207) and its subsidiaries (the “Group”) announced today that it has entered into a US$30 million deal with BitFury Group Limited (“BitFury”).

26 January 2017

News/Findex

Raisin raises €30 million

European financial deposit marketplace Raisin has closed a €30 million Series C financing with a goal of expanding into new markets and broadening its product based beyond savings accounts to encompass new investment opportunities.

26 January 2017

Company update/Findex

Cachet Financial files for cash injection

Cachet Financial Solutions, Inc. (OTCQB: CAFN), a leading mobile FinTech provider of cloud-based remote deposit capture (RDC) and mobile prepaid card solutions announced today that on January 20, 2017 it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed public offering of its common stock.

25 January 2017

Company update/Findex

Welsh Government finances jobs growth at Monitise

The Welsh Government is supporting Monitise International Ltd as it expands its development and support centre in Nantgarw, creating and safeguarding a total of 60 jobs.

25 January 2017

Company update/Findex

Sentiment indicator Prattle completes $3.3 million seed round

Prattle, the leading provider of sentiment data solutions for research analysts, traders and other finance professionals, announces a $3.3m seed round of financing led by partners of GCM Grosvenor.

24 January 2017

Company update/Findex

Fingerprint Cards’ board member Lars Söderfjell taken into custody

The Swedish Economic Crime Authority has today taken Fingerprint Cards’ member of the Board Lars Söderfjell into custody for alleged market abuse in conjunction with the company’s profit warning in December 2016.

23 January 2017

Company update/Findex

Fifth Third Bank partners with QED Investors to shape fintech strategy

Fifth Third Bancorp (Nasdaq: FITB) today announced an innovative partnership between Fifth Third Capital Holdings, LLC and leading financial technology (fintech) venture capital firm QED Investors.

23 January 2017

News/Findex

Habito secures £5.5 million investment to shake up the mortgage industry

UK digital mortgage broker habito has raised £5.5m in Series A funding led by Silicon Valley-based Ribbit Capital, with participation from existing investor Mosaic Ventures.

23 January 2017