CompareAsiaGroup wins $40m in Series A round led by Goldman Sachs
Hong Kong-based financial comparison startup CompareAsiaGroup raised $40 million in a Series A round led by the Goldman Sachs Investment Partners team.
Lucy England
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RBI backs e-commerce and banking partnerships in India
The Reserve Bank of India is open to banks and e-commerce companies forming joint ventures, and allowing ecommerce firms to act as banking correspondents
US tech startup launches IndieGoGo campaign for charitable mobile payments app
US tech startup Full Society has launched an IndieGoGo compaign to fund the latest stages of a mobile payments app that allows diners to pay for their restaurant bill at their table using their phone, and donate to charities fighting hunger at the same time.
Mt Gox bitcoin theft began in 2011, latest report claims
The theft of bitcoins from Mt Gox started as early as 2011, long before the exchange collapsed in February 2014, according to a new report probing further into the exchange’s collapse.
Google Wallet balances now FDIC insured
Google Wallet users will feel a lot safer now that funds left in Google Wallet will be insured by the Federal Deposit Insurance Corporation.
Flipkart plans to close online site in favour of mobile app
Indian online marketplace Flipkart has decided to move to an app-only format after mobile visits increased ten-fold over 18 months.
China’s payment system delays knock yuan usage
China must start its cross-border payment system soon if it hopes for the yuan to be added to the IMF’s basket of four reserve currencies, feedback from a new industry survey has revealed.
Wonga reports £35m loss as FCA cracks down on payday lenders
The UK’s biggest payday lender Wonga will report collapsing revenues and spiraling losses later this week in response to a slew of scandals, along with regulation changes that threaten the very existence of the payday loan industry.
FinTech Innovation Awards: we hear from our sponsors
London has developed from a financial hub to a major player in the burgeoning FinTech industry, a move the FinTech Innovation Awards celebrated. Our sponsors Treasury Xpress, Yodlee Interactive and Investec share their reasons for getting involved.
Etsy stocks jump 86% after IPO
Online marketplace Etsy closed its first day of trading at $30 per share after going public yesterday, up 86 per cent from its initial price.
