Latest Findex News: Finextra Research

Company update/Findex

Social payments startup Pay By Group raises $3.4 million seed round

Pay By Group, a white-label e-commerce conversion tool that allows friends or family to collaborate and split the cost of any purchase, announced a $3.4 million seed round led by SparkLabs Global Ventures.

18 October 2016

Company update/Findex

PayCommerce raises $22m

PayCommerce, the leading enterprise cross-border payments network for payments disbursement and acceptance, today announced a $22 million investment from Tritium Partners.

18 October 2016

News/Findex

Banking-as-a-service platform IbanFirst raises EUR10 million

SME currency transfer operator FX4Biz has raised EUR10 million and performed a business pivot to rebrand as IbanFirst, offering an online multi-currency platform in banking-as-a-service mode

18 October 2016

Company update/Findex

P3V closes fintech venture fund

Adam Felesky and Paul Desmarais III today announced the closing of a new fund, Portag3 Ventures ("Portag3"), focused on the financial technology sector.

17 October 2016

News/Findex

Brexit jitters hit Misys IPO

The forthcoming IPO of UK-based core banking supplier Misys is running into strong Brexit headwinds as its equity backers prepare to shear £1 billion off the anticipated value of the firm in response to volatile trading conditions.

17 October 2016

Company update/Findex

Snapsheet raises $20m to license virtual claims processing tech to insurance carriers

Snapsheet, the prominent provider of virtual claims technology and services, today announced the closing of a $20 million series C investment round, led by F-Prime Capital and IA Capital Group, with strategic participation from Liberty Mutual Strategic Ventures, Intact Ventures Inc. and a USAA subsidiary.

14 October 2016

News/Findex

RegTech startup ComplyAdvantage raises $8.2m

ComplyAdvantage, a London-based regtech startup which uses artificial intelligence and machine learning to help firms meet AML and terrorst financing rules, has raised $8.2 million in a Series A funding round led by Balderton Capital.

13 October 2016

News/Findex

Funderbeam raises $2.6 million to propel startup financing

A blockchain-based startup for trading in growth companies founded by former Nasdaq Tallin stock exchange head Kaidi Ruusalepp has raised $2.6 million in a funding round led by Draper Associates, Thomson Reuters, and IQ Capital.

12 October 2016

News/Findex

JPMorgan leads $30m funding round for Cloud9

JPMorgan Chase, Icap and Barclays are among the big names that have joined a $30 million Series A funding round for cloud-based trading communications provider Cloud9 Technologies.

12 October 2016

Company update/Findex

Salaryfits raises EUR1.2 million

SalaryFits , the Level39 member company which makes sustainable credit a reality, has today announced a fundraise of €1.25 million from Portugal2020, the partnership body between Portugal and the European Commission.

11 October 2016

Company update/Findex

Intuit QuickBooks buys Bankstream

Intuit QuickBooks, the world’s leading online accounting software, today announced its acquisition of Bankstream, a company that provides direct connections between banks and accountants, and their clients’ data.

10 October 2016

Company update/Findex

Euronet Worldwide buys UK ATM operator YourCash

Euronet Worldwide, Inc. (EEFT), a leading global electronic payments provider, today announced it has completed the acquisition of U.K.-based ATM operator, YourCash Europe Limited. The acquisition includes approximately 5,000 ATMs across the U.K., Netherlands, Belgium and Ireland.

10 October 2016

Company update/Findex

Interswitch buys Nigeria's Vanso

Value Added Network Solutions (“Vanso”), a market leading mobile and security focused financial technology provider has today announced the acquisition of 100% of the equity in the company by Interswitch Limited (“Interswitch”), the leading pan-African digital payments and commerce company.

06 October 2016

Company update/Findex

Financeit scores $17 million investment for TD financing acquisition

Financeit, a leading point-of-sale financing provider, today announced a new round of equity financing led by new investors--Pritzker family business interests advised by The Pritzker Organization, L.L.C. ("TPO") and DNS Capital, LLC ("DNS")-- as well as existing investors.

06 October 2016

News/Findex

Misys to float in early November

UK-based core banking supplier Misys is to sell £500 million of stock in an intitial public offering on the London Stock Exchange.

06 October 2016

News/Findex

OpenGamma raises $13.3m

OpenGamma has raised $13 million in a funding round led by Accel and Icap. The open source risk management outfit has also promoted COO Peter Rippon to CEO.

05 October 2016

Company update/Findex

Payoneer raises $180m

Payoneer, an innovative digital payments company transforming the way businesses send and receive cross-border payments, announced today that it has completed the first closing of a significant growth equity financing.

05 October 2016

News/Findex

ING to spend EUR800 million on digital integration; shed 7000 jobs

ING is to invest EUR800 million in digital transformation initiatives over the next five years while shedding 7000 jobs says bank CEO Ralph Hammers at an investor day in the Netherlands.

03 October 2016

Company update/Findex

Remitly secures $38 million in new financing

Today Remitly, the largest independent mobile remittance company in the United States, announced it received $38 million in new equity and debt financing from IFC, a member of the World Bank Group, and Silicon Valley Bank, the bank of the world’s most innovative companies and their investors.

30 September 2016

Company update/Findex

Kyriba scores $23 million fund raise

Kyriba Corp., the global leader in cloud treasury management solutions, has raised $23 million (USD) in a Series D funding round led by Bpifrance, with additional capital from existing investors HSBC (NYSE: HSBC) and Daher Capital.

30 September 2016