Unusual Ventures Leads $4M Seed Round For Kloud.io

Organizations have invested billions into collecting and extracting value from data, yet the IDC recently found that 73% of an organization’s time-to-insight is spent searching for and preparing data, while only 27% is spent on actual analysis. Read more »

Westpac's Reinventure Invests In Indonesia's Kredivo

Westpac-backed venture fund Reinventure has stepped up its push into Asia’s fintech scene, joining a US$90 million funding round for the owner of Kredivo, Indonesia’s fast-growing "buy now, pay later" (BNPL) platform. Asia Growth Fund and Square Peg led the round for FinAccel, the parent of Kredivo, which provides Indonesians with instant credit financing with an interest-free 30-day payback option, or three, six and 12-month instalments with a... more Read more »

CaixaBank Partners Plug and Play to Back Spanish Fintech Startups

CaixaBank has teamed up with Silicon Valley-based innovation platform Plug and Play on a Spanish fintech startup programme. The Barcelona Engagement Programme will see the partners work with startups to promote new banking and insurance services. A committee will select promising Spanish fintech startups, which will then get support from CaixaBank Payments and Consumer, imaginBank and Plug and Play to help develop proof-of-concepts. Read more »

Tencent and DST Global Pump $115 Million into Qonto

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 Read more »

JPMorgan and UK Aid Pump $15 Million into Catalyst Fund

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. Managed by BFA Global and Rockefeller Philanthropy Advisors (RPA), Catalyst Fund supports the growth of startups serving the underbanked segment in emerging markets. Read more »

Australian Neobank Volt Makes Seamless Move From Series C to Series D Ahead of Planned IPO

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 Read more »

Dubai Based Fintech to Launch OG Bank and OG Pay in UK and Germany

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. Read more »

TemTum Launches World’s Fastest Payment Mobile Wallet on iOS and Android

TemTum (temtum.com), the quantum-secure, ultra-fast, carbon-neutral cryptocurrency network, today announced the launch of its iOS and Android mobile wallet application. Read more »

Kickstart the decade with Asia’s biggest disruptors at Money20/20 in Singapore

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: Read more »

Allevo exhibits at Startup Grind Global Conference 2020 in Silicon Valley

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. Read more »

HSBC Joins OpenFin’s Series C Financing Round

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 Read more »

Google And Sage Partner Odgers Berndtson in Mentoring Initiative for Women in Tech

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 Read more »

Odoo Announces $90 Million Investment Led by Summit Partners

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 Read more »

The future of money is being rewritten in Asia

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 Read more »

Goldman Sachs Enlists Startup for Quantum Computing Push

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 Read more »

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