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Singapore-based fintech Hashstacs Pte Ltd (STACS) announced today it has raised $3.6 The company develops blockchain platforms that can work with financial institutions’ existing infrastructure, and its core technology is also used in GreenSTACS for environmental, social and governance (ESG) investments.
Consumer credit reporting agency TransUnion recently announced it had invested an undisclosed sum in Spring Labs, which is building out a blockchain-based data-sharing platform. A number of fintechs have popped up as of late aiming to disrupt the traditional model of evaluating an individual’s creditworthiness.
Over 90% of the world’s leading banks are either exploring, experimenting (PoCs), or formulating a strategy for leveraging blockchaintechnology, says an Accenture survey. Since its inception ten years ago, there has been plenty of hype around blockchain. An overview of Blockchain in Business Process Management (BPM).
It used to be that if you were a fintech startup or, for lack of a better term, a digitally native financial services business, you might be eyeing an acquisition from an incumbent in the industry. But lately, fintech upstarts are the ones doing the acquiring. Oh, how the tables have turned. So what’s going on here?
The Middle East is rapidly evolving into a global hub for technological innovation, with 2025 set to be a pivotal year in the regions digital landscape. Looking ahead to 2025, Lalchandani identifies several technological trends that will define the Middle Easts digital landscape.
Disrupt will have six industry tracks , each with its own stage, including AI , fintech , hardware , SaaS , security and sustainability. On the Fintech Stage we will have some of the biggest industry players discussing some of the hottest topics in the industry. Come join us !
By Katherine Maslova This has been a year of rapid progress and high expectations for the fintech sector. So, despite being a sector with a strong concentration of AI leaders, fintech like 74% of companies across industries struggles to scale value. There’s also been lots of buzz and hard, painful truths learned.
Tenderly, a startup that aims to make it easier for web3 developers “of all skill sets” to build blockchain products, has raised $40 million in a Series B round of funding – just months after closing on its Series A. It now covers a whole range of blockchains such as Ethereum, Avalanche, Fantom, Optimism and Arbitrum.
The Scotts Valley, California-based company is using cloud technology and the Ethereum blockchain as the engine for its Paystand Bank Network that enables business-to-business payments with zero fees. She told TechCrunch that while the venture firm is a generalist, it is rooted in fintech and fintech infrastructure.
Pezesha solves this through our robust API driven credit scoring technology,” Moraa, also the CEO, told TechCrunch. The fintech works with partner companies such as Twiga and MarketForce, which integrate its credit scoring APIs in their platforms to enable their customers to get real-time loan offers. Image Credits: Pezesha.
This is where fintech can step in. As more and more retailers make this move, partnering and collaborating with fintechs can help them build, scale and secure their financial offerings. And if they want some crypto, fintech startups can source liquidity and convert fiat to crypto. It needs to be both effective and secure.
Exactly six months after raising $80 million at a $505 million valuation, blockchain and Web3 development SaaS startup Alchemy has raised $250 million in a Series C funding round that values the company at $3.5 For one, it represents one of a16z’s largest Web3/blockchain investments to date. In June, the firm revealed its $2.2
Looking ahead to 2025, what do you see as the key technology trends that will shape the Middle Easts digital landscape? By 2025, several key technology trends will shape the Middle Easts digital landscape. Investments in healthcare technologies will grow, driven by national health strategies and pandemic-driven innovation.
Much of the world’s attention around blockchain is on the highs and lows of cryptocurrency values. Startups like FlexID remind us that distributed ledger technology has the potential to play other roles, including offering trusted records of identities without the need for a centralized authority.
Welcome to my weekly fintech-focused column. Fintech M&A hasn’t been as robust as one might expect in recent months. So when Goldman Sachs announced this week it was buying NextCapital – a fintech company that provides automated advice to corporate retirement plan participants – my ears perked up. Will Holland resign?
Andy Bromberg, CEO of the a16z-backed startup Eco, is claiming that Pebble , another fintech startup that came out of stealth this morning, “plagiarized” Eco’s materials and business model. Bromberg posted a Twitter thread this afternoon saying Pebble engaged in “copy-and-pasting, immaturity, lying, and espionage.”
There’s been a massive proliferation of fintech services in the past few years, during which fintech companies competed to develop new products more quickly than their competitors. seed round to help other fintechs wrangle data. “We’re really a bet on adoption. ” Proper raises $4.3M
Biggs explored the potential for blockchaintechnology to help solve humanitarian challenges through her venture, Proof of Purpose, in 2017, and her TEDx speech on BlockchainTechnology that year is considered by many in the blockchain space to be one of the best in the genre.
As the UAE strengthens its position as a global technology hub, 2025 will be a year filled with cutting-edge events that cater to tech leaders across various industries. Topics will include cloud computing, the Internet of Things (IoT), big data analytics, and other technologies that are driving digital change in businesses and governments.
Every week, I’ll take a look at the hottest fintech news of the previous week. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann. Meanwhile, Li provided her thoughts on why embedded fintech will remain hot. million Series B raise.
Fintech Portabl announced the closing of a $2.5 Harlem Capital Partner Brandon Bryant said what initially drew the fund to Portabl was the idea that the verification of identity in fintech is still unsolved. Fintech app Portabl raises $2.5M million seed round today led by Harlem Capital Partners.
Bfree , a Nigerian credit management fintech, has embarked on global expansion after raising $1.7 The duo will be part of the team that will steer the startup’s new business as it works to disrupt traditional finance by leveraging blockchaintechnology for secondary debt markets. Lenders in the U.S.
Welcome to The Interchange, a take on this week’s fintech news and trends. Rather than rehash all that here, I’ll point you to some of our recent articles on the topic and just summarize: The two fintech startups have recently grown (much) more competitive. ” But not all fintechs are laying off. Zip lines up $43M at a $1.2B
8 fintech VCs discuss the shifting investing landscape and how to pitch them in Q3 2022. What are fintech investors willing to bet on in this climate? Michael Gilroy, general partner and co-head of fintech, Coatue. Nik Milanovic, general partner, the Fintech Fund. Image Credits: James Osmond / Getty Images.
Welcome to my new weekly fintech focused column. It felt like there was wayyyy too much fintech news this past week than there normally is – and there’s always tons – so I’ll just cover the highlights here. blockchain infrastructure startup Alchemy had closed on a $200 million Series C extension that valued the company at $10.2
Read Shaan Ray explain how data aggregators are using blockchain in the financial sector on Inc42 : People know their banks and their favorite fintech applications. Blockchaintechnology […].
The Kenyan fintech Kwara was launched in 2019 to help credit unions (savings and credit cooperatives societies, SACCOs) in the East African country shift to digital platforms by providing them with its proprietary Back-end-as-a-service (BaaS) software. last year to reach $5.6
According to a statement, the company seeks to “disrupt traditional centralized credit infrastructure by providing individuals, businesses and developers with the tools to access credit” via blockchaintechnology. The core principle for blockchain centers on the ownership of assets, including money and financial data.
It’s one reason why the region is home to many fintech businesses born elsewhere that need proximity to a large banking ecosystem, as well as the blockchain/crypto crowd, which have found a highly amenable regulatory environment in Zug, right next door to Zurich. Maximilian Spelmeyer , partner, SIX Fintech Ventures.
About three-fourths of the teams are focusing on NFTs, infrastructure or decentralized finance (DeFi), while the majority of the teams are building on layer-1 blockchains Ethereum, Polygon and Solana. channels like Twitter or Discord onto blockchains. While 24 teams were admitted into the cohort, only 16 teams graduated. Stage: Seed.
With technology reshaping the global business landscape, many companies will be pushed to fundamentally reconsider their ways of doing international business, diversifying into new product categories and adopting a “borderless” expansion model. Undoubtedly, this is putting added pressure on FinTech executives.
Blockchain startup XREX was launched to help cross-border businesses in emerging markets perform faster transactions with products like a payment escrow service and crypto-fiat exchange platform. Huang sold his previous startup , anti-malware SaaS developer Armorize Technologies, to Proofpoint in 2013.
The company was founded in 2018 by Shamir Karkal, Angela Angelovska, Isaac Hines and Alex Lipton to simplify digital payments and storage in a regulatory compliant way and build on blockchaintechnology. He thought consumers expected a different level of service, which is why many flock to fintechs.
Customer experience and security But as in most industries, customer expectations and security challenges continue to grow along with technological advances. Banks continue investing in technologies that make the customer experience seamless, including mobile apps and peer-to-peer payments.
The new fund will have a strong focus on (although not limited to) fintech and insurtech companies. Breega’s new fund has also now backed Keebo (fintech), UKIO (proptech) and Mila (insurtech). The new fund doubles its assets under management to half a billion euros. This is Breega’s fourth fundraise in seven years.
With today’s funding round, the company plans to improve its product, especially for global financial firms and other fintech companies. It differentiates Anchorage from many custodian products out there. Customers can also expect more features with more integrations with DeFi products. “As
From lithium battery chemical recycling to smart media, blockchain infrastructure to student-centric educational software, and Sub-Saharan African fintech to cultured-meat production, this batch of companies is sure to wow the investors and the audience. Verdi , EyeGage , Animal Alternative Technologies , RoboDeck , Adventr.
Granted, much of that capital was probably raised before the crypto markets started tanking, but we unpacked the storied firm’s strategy and discussed a somewhat questionable investment it just made in a well-known grifter’s new blockchain startup (hint: he kinda looks like Jared Leto). DeFi personal finance app Pebble raised a $6.2
The financial services industry has traditionally been a slow adopter of modern technology. But with the rise of FinTech, consumer expectations, and government pressures being felt throughout the industry, the pressure is on. The finance industry has always been one of the first to use modern technologies. Cloud Computing.
Siam Commercial bank, for example, is using the company’s infrastructure to transform into a blockchain-based bank. Coinbase’s direct listing alters the landscape for fintech and crypto startups. Basically all the complicated stuff you need to do as a business when you want to start working with this new technology.
” Crowdz claims to be the only non-bank fintech that is offering both invoice-based and recurring revenue financing. With this latest investment, Crowdz and Citi plan to collaborate based on that goal of giving SMEs “rapid and efficient access to the working capital needed to keep their businesses running.”
Hummingbird , which sells anti-money laundering software to banks and fintechs, announced today that it raised a $30 million Series B led by new investor Battery Ventures. Battery Ventures’ Michael Brown, who has invested in several fintech companies including MX Technologies, AuditBoard, and Next Insurance, led the investment in Hummingbird.
billion announced in February that will go into enterprise technology companies, Marakovic said. It has 40 investment professionals investing in areas including enterprise SaaS, infrastructure software, fintech, healthcare IT and crypto-infrastructure. In all, Sapphire has brought in $3.7 Nino Marakovic, CEO of Sapphire Ventures.
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