FinTech

Digital payments alone could become a $100 trillion industry, according to PwC. And that’s just one component of the global Fintech industry. This channel tackles the lenders and buyers, the obstacles and achievements, and the trends and trend makers leading the ongoing technological evolution in global finance.

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FinTech: Aussie NeoBank Xinja “Inundated” With Deposits

Australian digital bank Xinja launched Stash, its high interest savings account, on January 15. The remarkably successful product garnered deposits of $30 million within a week, jumped to $100 million in three weeks, and thereafter doubled to $200 million by the end of the month.

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Softbank-Backed Brazilian Fintech Looks to Boost Resources and Innovation
August 15, 2019

São Paulo-based secured lending platform Creditas announced a $231 million funding round on July 10 that values the fintech at $750 million. The funding round is led by SoftBank Group….

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P2P lending platform Mintos Clocks Over €3 Billion in Loans Given
August 15, 2019

Mintos is stepping up the pace on its lending activities with over €1 billion in loans advanced since April of this year The platform provides a large cross-section of loans…

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Gerardus Vos Leaves Barclays to Run BAML Fintech Team
August 12, 2019

Bank of America Merrill Lynch continues its global expansion Fintech analyst Gerardus Vos is heading to Bank of America Merrill Lynch. The U.S. bank has hired Vos to lead head…

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Fintech 2020: Reflections from Fortune’s Brainstorm Finance conference
August 7, 2019

A summary of the fintech soundbites from the event on the foggy shores of Montauk Key trends: Facebook’s Libra, bank fortunes, Amazon, and millennials’ wallets.

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IBM Unveils “Trust Your Provider” Blockchain Project
August 7, 2019

The new project aims to reduce time-consuming manual processes The new IBM blockchain project “Trust Your Supplier” (TYS) debuted this week. In a press release, IBM said TYS is “designed…

Klarna payments platform hits $5.5 billion valuation
August 7, 2019

The darling of Scandanavia just became the largest private fintech startup in Europe. It didn’t take long for the Klarna payments platform to hit a valuation of $5.5 billion. Ahead…

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Challenger bank Monzo boosts valuation north of £2B after funding round
August 1, 2019

A recent £113 million investment by Y Combinator in digital challenger bank Monzo has ratcheted up the latter’s valuation to over £2 billion, double what it was just eight months…

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German Fintech and Digital Bank N26 Gets a $3.5 Billion Valuation
July 25, 2019

The kind of valuations European fintechs are getting these days is calling into question the belief that Silicon Valley alone is the birthplace of the most promising startups. The recent…

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Revolut Valuation: Is $10 billion on tap?
July 25, 2019

Revolut, the digital challenger bank, and fintech poster child may soon amass a worth of $10 billion, according to Simon Cook, investor, and board member.

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Marquee Private Equity Investor Henry Kravis invests in alternative fund
July 25, 2019

Henry Kravis is said to have invested in San Francisco-based ParaFi, an alternative investment fund with a special focus on the fintech and blockchain ecosystem. ParaFi is led by founder…

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