Tencent and DST Global Pump $115 Million into Qonto
- 5 years 5 months ago
- Wholesale Banking, FinTech StartUps
French neobank Qonto has raised $115 million in Series C funding from Tencent and DST Global to double down on existing markets, develop new features to tailor its products to specific markets, and grow staff numbers from 200 to 300 during 2020. The online-only bank for SMEs, freelancers, and startups offers expense management, company card issuing and cash flow services to 65,000 accounts internationally. Earlier this month, the bank announced... more
JPMorgan and UK Aid Pump $15 Million into Catalyst Fund
- 5 years 5 months ago
- FinTech StartUps
JPMorgan has joined UK Aid in providing $15 million in support for Boston-based accelerator Catalyst Fund, which aims to back 30 fintech startups in Kenya, Nigeria, South Africa, India, and Mexico over the next three years.
Australian Neobank Volt Makes Seamless Move From Series C to Series D Ahead of Planned IPO
- 5 years 5 months ago
- FinTech StartUps
With its sights set on an IPO later this year, Australian neobank Volt has closed a $70m Series C round and is now opening up a $50m Series D on a $285m valuation. The latest round lifts Volt’s total funding to $100 million in equity, and brings the challenger a step closer to a planned listing on the Australian Stock Exchange in late 2020. The neobanking startup, which recently launched its first deposit product, says the move to an immediate... more
Dubai Based Fintech to Launch OG Bank and OG Pay in UK and Germany
- 5 years 5 months ago
- FinTech StartUps
Dubai based fintech company specializing in payment processing is set to launch OG Bank and OG Pay (On the Go) a digital banking solution, chat based payment wallet and a digital point of sale (POS) all to be operated from mobile devices.
TemTum Launches World’s Fastest Payment Mobile Wallet on iOS and Android
- 5 years 5 months ago
- Blockchain, Payments, E-Wallets, Cryptocurrencies, FinTech StartUps
TemTum (temtum.com), the quantum-secure, ultra-
Kickstart the decade with Asia’s biggest disruptors at Money20/20 in Singapore
- 5 years 5 months ago
- Payments, Banking, FinTech StartUps, IT Innovations, Infrastructure
Money20/20. No, not the year 2020 but perfect, 20/20 vision. As in, see-into-the-future-of-money type vision. Money20/20 brings that future into crystal clear focus, so those in the industry can plan, create, collaborate – and take their businesses forward. With that goal in mind, the region’s biggest change-makers are joining the line-up in Singapore, with keynotes including:
Allevo exhibits at Startup Grind Global Conference 2020 in Silicon Valley
- 5 years 6 months ago
- FinTech StartUps, IT Innovations
Allevo, a Romanian financial software company, has been selected by Startup Grind, powered by Google for Startups, for the Startup Exhibition in the Grind category at the 2020 Startup Grind Global Conference held February 11-12th in Silicon Valley.
HSBC Joins OpenFin’s Series C Financing Round
- 5 years 6 months ago
- Banking, FinTech StartUps
OpenFin, the operating system (OS) of finance, announced today that HSBC has joined its Series C financing round, bringing the total amount raised in this round to $22 million and total funding to date to $45 million. OpenFin will use the latest round of financing to expand its product offering into Asian markets and to fund new product initiatives. Now used at more than 1,500 banks and buy-side firms across nearly 200,000 desktops in 60+... more
Google And Sage Partner Odgers Berndtson in Mentoring Initiative for Women in Tech
- 5 years 6 months ago
- FinTech StartUps
Odgers Berndtson, a leading global executive search firm, has added Google and Sage as lead partners on Rebus, an industry-wide mentoring initiative to fast-track senior women across the UK technology sector. Mentors from more than 50 leading UK technology companies have so far pledged support, including Vodafone, TalkTalk, ARM Holdings, NVIDIA, SAP and Blackberry. Rebus was launched in October with founding partners Odgers Berndtson, Avanade... more
Odoo Announces $90 Million Investment Led by Summit Partners
- 5 years 6 months ago
- FinTech StartUps
Odoo, a leader in open-source all-in-one business software, announced today that it has closed a $90 million minority investment led by global growth equity investor Summit Partners, with participation from Odoo’s executive management team and existing investor SRIW and its affiliate Noshaq. New investor Summit Partners joins management and current shareholders, including SRIW, Sofinnova and XAnge in supporting Odoo’s rapid product development... more
The future of money is being rewritten in Asia
- 5 years 7 months ago
- Payments, Banking, FinTech StartUps, IT Innovations
Disruptions that began with technological and business model innovations in other places are expressed in new ways in Asia. In banking, payments and retail, Asia is leading the wave of disruption. In each case, these changing models, as well as unique situations, are enabling consumer choice, shifting profit margins and creating new opportunities. Technology
Goldman Sachs Enlists Startup for Quantum Computing Push
- 5 years 7 months ago
- RegTech, FinTech StartUps
Wall Street giant Goldman Sachs is teaming up with Silicon Valley startup QC Ware to investigate the use of quantum algorithms in finance. As the promise of quantum computing inches nearer, Goldman has been working with QC Ware to explore how the technology will eventually outperform classical computers for finance applications. Goldman and QC Ware are investigating whether quantum computing can be used with the Monte Carlo algorithm, which is... more
YES Bank Launches API Marketplace
- 5 years 7 months ago
- Banking, FinTech StartUps
India's YES Bank has launched an online marketplace where startups from a host of sectors can pitch tools integrated with the lender's APIs. The YES Scale Marketplace already hosts more than 100 offerings from startups working in areas such as logistics, healthcare, agritech and edtech. The platform is designed to make it simple for startups to jointly go to market with YES Bank, offering their services, complete with banking integrations, to... more
USAM Group Adds Powerhouse Fintech Duo to Client Roster
- 5 years 7 months ago
- FinTech StartUps
USAM Group, a global team of enterprise sales and marketing professionals that matches financial institutions with best-of-breed solutions from advanced information and technology vendors, is pleased to announce the addition of two complementary offerings to its rapidly growing roster of fintech solutions: HeliumTM by Levyx is system-level data processing software that delivers unparalleled capacity, automatic persistence, and incredible speed... more
Nationwide Invests in Charity App Percent
- 5 years 7 months ago
- FinTech StartUps
Nationwide Building Society has dipped into its £50 million venture fund to take an undisclosed stake in app-based donations startup Percent. Percent offers users a card-linked app with the opportunity to donate a percentage of their spending at participating retailers to their chosen charity or local good cause. The Percent app, which has an initial focus on students and young people, is being rolled out in cities across the UK and has so far... more
