Fintech funding makes big comeback in 2016 following Q4’15 pullback
Following a 'significant pullback' in the final quarter of 2015, fintech funding in 2016 got off to a very strong start, buoyed by several massive Chinese deals.
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UK challenger bank Tandem hits £1m crowdfunding target
UK challenger bank Tandem is launching a £1m crowdfunding campaign tomorrow as it looks to turbo charge interest among future customers ahead of a planned launch later this year
Azimo scores $15m from Rakuten for Asia push
There’s more good news for UK remittance firm Azimo this week as the company announces $15m in new funding in a round led by Japan’s Rakuten as it looks to carve off a bigger chunk of the $600bn global remittance market.
Silicon Valley neobank hooks $27m
There’s more funding for the so-called neo-banking space this week with news San Francisco-based Varo Money has pulled in $27m in fresh investment.
Ant Financial just closed the biggest funding round in the world
The Alibaba affiliate Ant Financial, which runs Alipay, the largest payment online payments service in China, has confirmed reports suggesting it closed a private fundraising round worth $4.5 billion. The company is now valued at $60 billion, just two shy of Uber.
French Blockchain startup Stratumn scores €600,000
There’s more funding for Blockchain related startups this week as Stratumn scores €600,000 for its development platform, designed to provide the infrastructure to help ideas take flight. The company says it wants to remove barriers to building, deploying and running blockchain apps.
What is the future of fintech? (Infographic)
Oh, what we wouldn't do to know the future! Like Biff and the Almanac in Back to the Future, all we need is a guide. Luckily the team over at Pivotl is on hand to give us one for the future of fintech.
London fintech startup GoCardless raises USD13m to reshape global direct debit
London fintech startup GoCardless has raised USD13m in new funding to continue building out its global bank-to-bank network and reshape the way direct debit moves around the world. The company says it is now processing £1bn in payments annually for 16,000 merchants in Europe.
Blockchain technology continues to appeal as Elliptic raises $5m Series A
Interest and investment in Blockchain technology continues to remain strong as Blockchain intelligence firm Elliptic today announced a $5 million Series A funding round in the same week as an IBM VP says the technology is now "inherently more secure than traditional systems".
Hitachi sets up fintech innovation lab in Silicon Valley to explore Blockchain potential
The Japanese conglomerate Hitachi has set up a fintech innovation lab in California and it will work together with CSI-NA in areas such as research & development of blockchain technology.
