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: Grandmother-inspired Quick Checkout Startup Fast Adds $20M In Series A

Fast announced Thursday its Series A funding round worth $ 20 million. The round was led by Stripe though existing investors Index Ventures and Susa Ventures also chipped in. Fast is a San Francisco-based start-up aiming to make online shopping a wholly ‘one-click’ experience. It’s ‘Fast Login,’ a free to use one-click login tool, is already available to consumers.

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Real Estate: Are Home Sellers Complacent? Palm Off Your Property to an iBuyer NOW
March 17, 2020

Wall Street is wasting no time discounting the economic effect from the deadly coronavirus, as seen from the very sharp cut in stock prices. It appears, however, that the real…

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FinTech: Lifetise, A Financial Planning Platform, is Crowdfunding on Seedrs
March 16, 2020

Caroline Hughes was recently crowned a “Standout 35 Star” by Innovate Finance and included in its annual Women in Fintech Powerlist. Her Lifeties startup is raising £250,001 on crowdfunding platform…

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Digital Assets: The Celo Foundation Plans Cryptocurrency for Billions of Smartphone Users
March 13, 2020

The Celo Foundation announced the Alliance for Prosperity with 50 founding members. They share a common mission to make digital assets available to everyone through Celo’s decentralized, open-source blockchain platform….

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FinTech: Revolut Adds Gold To Its App
March 13, 2020

Revolut has partnered for gold custody services with the London Bullion Market Association. Gold purchased by a customer via the Revolut App will be held by this firm. The customer…

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FinTech: Robinhood’s Outages on Two Historic Trading Days – Lawsuits Emerge
March 12, 2020

Robinhood, the broking startup that amassed millions of users through its offers of commission-free, no-minimum-balance trading, has been slapped with a lawsuit. The lawsuit relates to Robinhood’s system outage on…

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FinTech: Loans at Figure Tech Jump 300% after Last Week’s Rate Cut by the Fed
March 11, 2020

Figure Tech, which operates a blockchain-based lending platform, announced its aggregate loans funded had shot above $1 billion. Loan applications soared by 300% after last week’s rate cut by the…

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FinTech: Payments Startup Finix Gains $21M as Investor Sequoia Walks Away
March 10, 2020

In a somewhat dramatic turn of events Sequoia has bailed from its Finix investment, on grounds of conflict of interest with its investment in payment processor Stripe. Sequoia’s action is…

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FinTech: Challenger Bank Chime’s Latest Raising Stands at $700 Million
March 9, 2020

Neo, or ‘app-only’ bank Chime is a new breed of ‘zero-fees’ fintechs that are giving traditional banks a run for their money. Branchless, fintech startup Chime is enjoying startling growth…

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FinTech: Cannabis Cash Spells Opportunity for Fintechs
March 6, 2020

The regulation-strapped but cash-rich weed industry is fertile ground for fintech innovation. Legalization of marijuana, for medical or recreational use, has not addressed a very basic need of the industry…

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FinTech: Ant Financial Beefs Up Ties With Klarna; Buys Minority Stake
March 5, 2020

Ant Financial, which owns the Chinese Alipay payments platform and is an affiliate of e-commerce giant Alibaba (NYSE: BABA), has acquired a small stake in Swedish fintech Klarna. Klarna, along…

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