fintech startup

Swiss Fintech Gets an Investment from a Large Bank

Swiss Fintech Gets an Investment from a Large Bank

Another major bank has understood the value in investing in fintech, this time in Switzerland. Swiss-based private bank Julius Baer announced its investment in Nectar on Tuesday. The investment is the second big name to invest in the wealth management provider.   The latest investment in Nectar   The details of the new investment remain unknown. Nectar made the announcement [...]

Banks Are Trying to Keep Up with Fintech Startups

Banks Are Trying to Keep Up with Fintech Startups

Fintech startups are changing the face of the financial industry. People are adopting technology at an increasing pace, which is creating new opportunities for startups to come and disrupt the traditional system. Banks have had to take notice. So, how are major banks trying to keep up with fintech startups?   Increasing technology budgets   Traditional banks have realised that [...]

Brexit Fears Defied by Fintech Startup Yoyo

Brexit Fears Defied by Fintech Startup Yoyo

The British mobile payment app has defied Brexit fears by fundraising an impressive £12 million. The successful fundraising round also highlights the strength in venture capital investment, according to the Financial Times who broke the story on Monday. The fundraising will be aimed at supporting the firm’s European and US expansion.   Big fundraising news for Brexit Britain   There [...]

Australia & Japan to Increase Fintech Cooperation

Australia & Japan to Increase Fintech ...

Australian financial authorities have announced a completion of a framework that will see them start cooperating with their Japanese counterparts. The framework is aimed at promoting innovation in the financial services sector, bringing the fintech sector in both countries ever closer to each other.   Details of the cooperation agreement   The Australian Securities and Investments Commission (ASIC) announced the [...]

How Are European Banks Investing in Fintech?

How Are European Banks Investing in Fintech?

CB Insights’ research in European banks investment in fintech makes an interesting read. The research company analysed private market fintech investments by assets under management all the way from 2012 to the current year and noticed banks are keen on fintech investments. With the current rate of investing, funding in European-based fintech firms might surpass $2.6 billion this year.   [...]

Plynk Raises €25m and Plans to Expand Outside Ireland

Plynk Raises €25m and Plans to Expand Outside ...

Irish money messaging app Plynk has secured €25 million in its recent Series A round. The investment round was led by Swiss Privée Ltd, which is a private investment trust. The fintech firm’s next step is to launch the product in the UK and Europe.   The fundraising round   The €25 million investment round was led by the Swizz [...]

Malaysia Opens a Fintech Sandbox

Malaysia Opens a Fintech Sandbox

Malaysia is ramping up its forces in the global race for the newest fintech innovation. The Asian country has launched its first fintech sandbox with the help of the central bank. The regulatory sandbox will be open to both foreign and local startups.   Enhancing its fintech sector   Bank Negara Malaysia (BNM) had earlier started focusing its efforts in [...]

TransferWise’s Bold Move into Financial Services

TransferWise’s Bold Move into Financial Services

TransferWise has announced it will be introducing a new foreign exchange account. The new ‘Borderless’ account will mark the fintech startup’s first step into financial services and showcases the divergence between disruptive fintech and traditional financial firms.   TransferWise has so far attracted over $116 million in venture capital funding and last May, the fintech startup received a valuation of [...]

Indian Fintech Startup Raises $5.3m

Indian Fintech Startup Raises $5.3m

Fintech startup PaySense has raised $5.3m in a Series A round, adding to its impressive fundraising efforts. The latest round was led by Jungle Ventures and it also featured Naspers Group and Nexus Venture Partners. The investment round is a clear example of the strength and attractions of the Indian fintech sector.   PaySense’s strong fundraising efforts continue   The [...]