The startup entered the unicorn club when it closed its $110 million Series B round led by IDG Capital Partners and SIG Asia in 2015 The post Chinese fintech startup 9f Group closes $65m Series D round appeared first on DealStreetAsia.
Adyen's IPO will value the firm at $8.3 billion making it one Europe's biggest technology listings in recent times. : Adyen shares will begin trading on Wednesday in what will be one of Europe's largest technology initial public offerings (IPOs). But you'd be forgiven for not knowing much about the Dutch financial technology or fintech firm as it has flown under the radar for many years. Adyen was founded in 2006 in the Netherlands. Its current CEO, Pieter van der Does, was one of the co-founders.
Beijing-based fintech company 9f Group announced that it has raised a US$65 million series D round from industrial funds Famous Group and Plentiful International, according to 9f Group's announcement. Previously known as 9fbank.com, 9f Group was founded in 2006. Two of its co-founders Sun Lei and Liu Lei, both had working experience in micro loans from China Minsheng Bank. Another co-founder Yang Xiaojun worked for both China Securities Regulatory Commission and China Banking Regulatory Commission, overseeing fintech development. Based on ... Beijing-based Fintech Firm 9f Group Raises $65M Series D Round appeared first on China Money Network.
Index Ventures is enjoying a windfall reaching into the billions from early fintech investments in startups like iZettle and Adyen. But how did Index Ventures cofounder Neil Rimer spot the fintech trend, and what does he think is coming next?
Nigerian fintech startup Piggybank.ng continues to impress with its growth, earning the company $1.1 million in seed funding. The savings startup attracted the $1.1 million from a group of investors led by LeadPath Nigeria, with international and Pan-African investors Village Capital and Ventures Platform providing some of the investment, according to Techmoran. Nigeria's Piggybank.ng is an [...] The post Nigerian Fintech Startup Secures $1.1M Seed Funding After Impressive Growth appeared first on Moguldom.
Chinese online media firm Sina Corporation (NASDAQ:SINA) has joined Hong Kong-based venture capital firm Mandra Capital to lead a US$103 million financing round in Pintec, a Chinese fintech platform. STI Financial Group, Shunwei Capital Partners and ZHONG Capital Holding Group and others also participated in the round, according to Pintec's announcement. Pintec offers end-to-end solutions based on artificial intelligence, big data and blockchain. It analyzes elements in retail financial services, including user cases, traffic, data, risk management, capital and products, ... Sina, Mandra Capital Lead $103M Round In Chinese Fintech Firm Pintec appeared first on China Money Network.
Chinese Fintech Firm Cgtz.com Raises $358m Series D Round Led By Geo-jade Petroleum - China Money Network
Hangzhou-based fintech platform CGTZ.com has raised a RMB2.3 billion (US$357.8 million) series D round led by Shanghai-listed Geo-Jade Petroleum, a Chinese real estate development and oil exploration and production firm. The firm said Geo-Jade Petroleum's industrial fund and other existing investors also participated in the round, but did not identify the investors. Geo-Jade Petroleum said it will invest no more than RMB500 million in the firm, according to its security filing. Founded in 2013, Caogen Touzi means grassroots investments in ... Chinese Fintech Firm CGTZ.com Raises $358M Series D Round Led By Geo-Jade Petroleum appeared first on China Money Network.
The David and Goliath nature of the struggle between up-and-coming fintechs and the established bank...: The David and Goliath nature of the struggle between up-and-coming fintechs and the established banking world has been brought into sharp relief by Citi CEO Michael Corbat, who has revealed that his firm spent $8 billion on tech last year - a sum greater than that invested by VCs across the entire US financial technology startup scene during the same period.
The US is a market leader in the fintech space, accounting for 57% of the global fintech market. According to KPMG, fintech investment in the US accounted for almost two-thirds of global fintech investment in Q4'17. New York and Silicon Valley are the indisputable top fintech hubs in the US and amongst the largest ones in [...]
The latest round brings the total funding raised by Azimo to over $50 million. The post Japan's Rakuten Capital leads $20m Series C in fintech startup Azimo appeared first on DealStreetAsia.