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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FinTech: Crystal Ball for 2020 (KPMG’s Report)
March 2, 2020

Fintech in 2020 will ride to new heights based on key trends identified by KPMG in their biannual Pulse of FinTech H2’19 report.

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FinTech: South African Fintech Jumo Secures US$55M in Goldman Sachs-Led Round
February 28, 2020

Jumo secures US$55M in Goldman Sachs-led round. It will use the funds to expand into new markets and launch in Africa and Asia. Odey Asset Management and Leapfrog Investments participated…

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FinTech: Aussie NeoBank Xinja “Inundated” With Deposits
February 27, 2020

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…

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Digital Assets: First Digital Trust Flags Off Asia’s First Rapid Settlement and Clearing Network (RSCN)
February 26, 2020

Instant settlement 24/7. Irrevocable. No counterparty risk. No middlemen. That’s the promise from First Digital Trust’s Rapid Settlement and Clearing Network (RSCN) currently in testing but due to launch in…

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FinTech: Revolut’s Valuation Surges to $5.5B in Latest $500M ‘D’ Round
February 26, 2020

Mobile-based neobank and a digital provider of financial services, Revolut just raised $500 million in its ‘D’ round led by TCV. Though it is yet to report a profit, Revolut…

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FinTech: QCash Signs Up Tropical Financial Credit Union For Small Loans
February 25, 2020

QCash Financial, the US fintech and digital loan marketplace gained a major new client in Tropical Financial Credit Union (TFCU). TFCU has $700 million in assets and 65,000 members. QCash…

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FinTech: JPMorgan Plans Foray Into UK Digital Banking
February 24, 2020

JPMorgan Chase & Co (NYSE: JPM), the largest bank in the US and the sixth-largest bank in the world by total assets, is planning to throw its hat in the…

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Fintech: Intuit Looks to Buy Credit Karma for About $7 Billion, Says WSJ
February 24, 2020

Intuit (NASDAQ: INTU) – the firm behind Turbo Tax and QuickBooks – is buying tech portal Credit Karma. The Wall Street Journal reported Sunday that the two companies could announce…

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FinTech: Ralph Hamers is ING’s Loss, UBS’ Gain
February 21, 2020

UBS, the world’s biggest wealth manager, has appointed Ralph Hamers to succeed Sergio Ermotti as its chief executive. Hamers is currently CEO of ING, having worked for 29 years at…

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FinTech: Singapore’s Grab To Get $700M Investment From Mitsubishi UFG-Reports
February 20, 2020

Grab, one of the largest fintech apps used by millions of users to hail rides, order food and make payments, will receive a $700 million investment from Mitsubishi UFJ Financial…

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