FinTech

Financial technology, often shortened to fintech, is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance.

Permira Acquires 10 Percent Stake In Klarna
Permira Acquires 10 Percent Stake In Klarna
July 21, 2017  |  Payment Methods

Private equity group Permira has acquired a 10 percent take in Swedish FinTech company Klarna. According to a report in the Financial Times, the stake cost the...

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Nesta Chooses 20 FinTechs For SME Banking Competition
Nesta Chooses 20 FinTechs For SME Banking Competition
July 20, 2017  |  B2B Payments

Innovation foundation Nesta has announced the 20 FinTechs chosen to compete for a $6.5 million prize as the company looks to boost innovation in the...

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TransferWise Co-Founders Switch CEO Role
TransferWise Co-Founders Switch CEO Role
July 19, 2017  |  Personnel

TransferWise, the U.K. FinTech startup, announced news on Tuesday (July 18) that the two co-founders have switch the CEO role. According to a blog post...

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Worthy Closes Seed Round Of Funding For Its Mobile App
Worthy Closes Seed Round Of Funding For Its Mobile App
July 18, 2017  |  Investments

Worthy Financial, a digital investment app, announced Monday (July 17) the successful closing of its venture capital (VC) seed financing round. In a press release announcing...

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Renaud Laplanche’s Second Act
Renaud Laplanche’s Second Act
July 18, 2017  |  Alternative Finances

F. Scott Fitzgerald is often quoted as the source behind the phrase, “there are no second acts in American life.” But as we all know...

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In Land Of Free Banking Apps, Red Ink And Investor Support Only Go So Far
In Land Of Free Banking Apps, Red Ink And Investor Support Only Go So Far
July 14, 2017  |  Banking

Upstarts are trying to eat traditional banks’ lunch, especially in Europe. But the field is a crowded one, awash in red ink. Will the capital pie...

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ACH Becoming The Mediator Between Conflicting AR, AP Needs
ACH Becoming The Mediator Between Conflicting AR, AP Needs
July 14, 2017  |  B2B Payments

Just a few weeks ago, the Global Payments Innovation Jury – a group of 70 payments executives across 37 countries – published a new report...

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Cybersecurity, AltFin And A Surprise Startup Prove B2B FinTech Funding Heats Up
Cybersecurity, AltFin And A Surprise Startup Prove B2B FinTech Funding Heats Up
July 14, 2017  |  B2B Payments

B2B FinTech venture capitalists are finally in the full swing of summer, with one of the hottest weeks in the industry so far. More than...

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$66M Investment Round Logged for Revolut
$66M Investment Round Logged for Revolut
July 13, 2017  |  What's Hot

The financial services firm Revolut has garnered a $66-million funding round via Series B financing, TechCrunch reports, with a series of new and existing investors....

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