FinTech

Financial technology, also known as FinTech, is a line of business based on using software to provide financial services. Financial technology companies are generally startups founded with the purpose of disrupting incumbent financial systems and corporations that rely less on software.

Investors Commit Staggering $735m into Singapore Fintech Deals
October 15th, 2019

The fintech industry is booming as shown by investors in Singapore who poured a record $735 million into financial-technology deals representing a 69% surge from the prior-year period that had $435 million.

Samsung Joins Forces with Ripple’s Partner Finablr to Introduce International Payments
October 11th, 2019

Samsung has officially announced that it will collaborate with the Finably fintech firm, a Ripple’s partner, to launch an international money transfer service on the Samsung Pay app targeting US users.

Southeast Asia Set to Dominate Global Fintech Market to Serve Unbanked Population
October 9th, 2019

The need for fintech solutions is very present in Southeast Asia as many are still without access to financial services. However, at the current rate of growth, there’s a good chance the region will outshine others, in the sector.

 

InsurTech Startup Next Insurance Bags $250M Hitting $1B Valuation
October 7th, 2019

Palo Alto California insurance startup for digital businesses Next Insurance raises about $250 Million in Series C funding from a single investor MunichRe. The startup is now valued at around $1 Billion.

Broadridge Adds Cryptos and Exchange-Traded Derivatives to Its Portfolio
October 2nd, 2019

Broadridge Financial Solutions plans to offer post-trade services for cryptocurrency after acquiring fintech company Shadow Financial Systems. The company invested in blockchain projects, but the Shadow deal will be its foray into cryptocurrency.

$100 Million Raised By Stripe-Backed Rapyd For Its ‘Fintech as a Service’ API
October 2nd, 2019

A Fintech as a service Rapyd network, that allows consumers and businesses to transact however they opt for cross-border and local eCommerce transactions, raised a whopping $100M financing round spearheaded by Oak HC/FT together with Stripe.

Online Challenger Bank ‘Bunq’ Has Now Expanded Throughout the EU
October 1st, 2019

A challenger bank based in the Netherlands has increased its coverage area to cater to the European Union. Bunq also offers extra services including an affordable Travel Card, on which there are no charges.

Tencent Acquires Almost a Third of Computer Games Developer Funcom
September 30th, 2019

Tencent has agreed to acquire all the shares belonging to the Norway-based KGJ Capital AS, which is currently the largest shareholder in Funcom.

Ripple Makes Inroads into Europe by Making Yet Another Acquisition
September 30th, 2019

Ripple Labs Inc has made a little-known but significant acquisition – Iceland-based of Algrim, which is a cryptocurrency trading firm with small but mighty talent pool.

Chinese Fintech Stock is Rising in Anticipation of PBoC’s Digital Currency
September 27th, 2019

China’s fintech stocks are starting to soar ahead of the expected launch if its CBDC. This is driven by the possibility that the digital currency will provide a need for security and payment services.