Fintech Investments in Singapore Surged 69% from Previous Year to $735 Million Crowdfund Insider. : Investment in Fintech-related projects in Singapore increased significantly during the first nine months of this year. It was mainly led by fundraising rounds for payment companies and insurtech startups with a shift toward mature firms. As of October 2019, the combined value of Fintech deals increased 69% from the previous year ($435 million) to $735 million. Total investments this year have surpassed the $642 million generated during 2018, according Accenture's analysis of CB Insights' (Pitchbook and Tracxn) venture-finance data.
A new cohort of global fintech players are eyeing the Australian market, with UK open banking software player planning to launch in 2020, opening the door for its European clients to access to Australian consumers.
Brazilian financial technology start-up Nubank now has 15 million clients, the firm's chief executive said on Friday, a figure which underlines the rapid growth of the Sequoia Capital-backed venture in Latin America's largest economy.
Most claims in 2013-2015 that FinTech startups would "disrupt" incumbent financial institutions have been debunked. : The modern FinTech revolution that began circa 2010 hasn't resulted in massive disruption of incumbent financial institutions. The doomsday scenario for traditional financial companies, painted by high flying FinTech startup CEOs hasn't materialized. Last we checked, Morgan Stanley and Goldman Sachs on Wall Street, Fidelity Investments and Charles Schwab in wealth management, Citi and Bank of America in retail banking are all very much still here. Not much disruption seems to have taken place in finance.
China Digest: Fintech Startup Xtransfer, Supermarket Heli Chaoshi, Blockchain Firm Lingzhu Raise Funds
XTransfer, which provides cross-border financial services, has closed a $15 million Series B1 round led by Alibaba-backed Electronic World Trade Platform. The post China Digest: Fintech startup XTransfer, supermarket Heli Chaoshi, blockchain firm Lingzhu raise funds appeared first on DealStreetAsia.
Tide, the leading digital business banking platform, has today announced it has raised PS44.1 m...: Tide, the leading digital business banking platform, has today announced it has raised PS44.1 million (US$54.3 million) in a first-round of Series B funding. The round was led by specialist fintech investment companies, The SBI Group and Augmentum Fintech plc ("Augmentum"). Japan-based The SBI Group is one of the world's leading fintech investment companies, Augmentum is one of Europe's leading fintech VCs and the UK's only listed fund specialising in fintech.
Silicon Valley-based Rapyd has closed a $100 million Series C funding round led by Oak HC/FT and joined by previous investor Stripe, Rapyd announced in a press release on Tuesday (Oct. 1). Other investors included Tiger Global, Coatue, General Catalyst, Target Global and Entree Capital. Rapyd, a FinTech-as-a-service platform, raised $40 million in series B [...]
Rapyd Raises $100m For Its 'fintech As A Service' Api, Now Valued At Nearly A $1B Valuation - Techcrunch
The digital payments market is forecast to balloon to $3 trillion by 2023, and today a startup that lets businesses implement not just payments, but also the many other related (and necessary) services that go along with them, by way of a single API, has raised a big round of funding to meet that demand. Rapyd, [...]
Mumbai based LoanTap Financial Technologies, a digital platform that makes customised loans available to salaried professionals, has raised $12 million in a Series B round led by private equity firm Avaana Capital. The latest infusion takes the total capital raised by the company to $25 million. Returning investors in the Series B round include 3one4 Capital, India Quotient, Shunwei Capital and Kae Capital, the company said in a statement. LoanTap last raised $8 million in January this year in a round led by Bengaluru based venture capital firm 3one4 Capital.