Riskified Seeks to Raise $200M to Fight Online Fraudsters
On Our Radar: Deals we are paying attention to for their impact on industry.
Riskified, an Israeli-based fintech security startup, is seeking to raise as much as $200 million to ramp up expansion amid the explosive growth of the e-commerce fraud, Bloomberg News reports.
Riskified uses...
Report: Italy’s UniCredit Preparing Bid for Commerzbank
On Our Radar: Deals we are paying attention to for their impact on industry.
Foot-dragging to the altar has plagued many a wedding, especially when it’s one of convenience.
So while the government-sanctioned courtship of Deutsche Bank and its cross-town rival Commerzbank, Germany’s two biggest lenders, has...
Latest Funding Makes Liquid.com Japan’s Second Unicorn
On Our Radar: Deals we are paying attention to for their impact on industry.
Boston-based IDG Capital has led a Series C funding round for the Japanese cryptocurrency Liquid.com, contributing an undisclosed amount that has propelled the five-year-old startup to unicorn status. It’s the second Japanese company to...
Blackstone Group Raises Record Amount for Flagship Fund
On Our Radar: Deals we are paying attention to for their impact on industry.
Blackstone Group’s flagship buyout fund is the private equity firm’s largest ever -- and may grow even bigger.
The world’s largest alternative asset manager reportedly raised more than $22 billion. The New...
Goldman Sachs, Cerity Partners See Opportunities in Retirement Space
On Our Radar: Deals we are paying attention to for their impact on industry.
April 2 was a big day for investment in the retirement planning and financial services space.
Goldman Sachs Principal Strategic Investments led a $30 million Series Bfunding round in Vestwell, a retirement technology...
Warburg Pincus Plans to Expand Credit in Israel with $221M Investment
On Our Radar: Deals we are paying attention to for their impact on industry.
U.S. investment bank Warburg Pincus said Tuesday it will invest $221 million into the Israeli credit card business it purchased last month from Bank Leumi and Azrieli Group.
Daniel Zilberman, managing director...
PayPal Invests in Blockchain Technology with Digital Identity Startup
On Our Radar: Deals we are paying attention to for their impact on industry.
PayPal, the online payment services giant, made its first investment in blockchain technology, joining a Series A funding round in identity software startup Cambridge Blockchain, Inc.
Cambridge Blockchainwill use the new funds...
Branson, Thiel Investment TransferWise Seeks $300M for $4B Valuation
On Our Radar: Deals we are paying attention to for their impact on industry.
Money transfer startup TransferWise, which counts Virgin Group founder Richard Branson and PayPal founders Peter Thiel and Max Levchin among its investors, is preparing to sell a stake in itself for $300...
Bill.com Secures $88M for B2B Digital Payments
On Our Radar: Deals we are paying attention to for their impact on industry.
The cloud-based payments platform Bill.com has raised $88 million in a funding round led by Franklin Templeton. That puts the company’s overall valuation at above $1 billion, according to Forbes.
Other funders in the round...
Nikhil Kalghatgi on Crypto: “Liquidity has improved, but it’s consolidated onto a handful of players.”
Strategic Investors: Profiles of investors with strategies to consider.
Everyone involved in the busy, volatile space of blockchain and crypto can remember where they were when JP Morgan Chase boss Jamie Dimon derided cryptocurrencies as a “fraud” in 2017. And they tend to have the...
Rewire Raises $12 Million to Expand Fintech for Migrant Workers
On Our Radar: Deals we are paying attention to for their impact on industry.
Rewire, an Amsterdam-based startup that’s developed an international banking platform for expatriate workers, raised $12 million in Series A financing, led by venture fund Viola Fintech, which is owned by Israeli tech firm...
MineralTree Closes New Round Amid Growing Demand for AP Automation
On Our Radar: Deals we are paying attention to for their impact on industry.
MineralTree, a Cambridge, Massachusetts-based provider of accounts payable and payment automation services, closed a $50 million equity investment to allow the company to add new capabilities to its “invoice-to-pay” system and...
Michael Shaoul: “[Tech giants] are starting to get so large that they’re bumping into…wider issues in economies and within societies.”
Perspectives: Opinions from our network of advisors, investors, operators and analysts on the risks and opportunities they see.
Two large Sovereign Wealth Funds (SWFs), Saudi Arabia’s Public Investment Fund and Abu Dhabi’s Mubadala Investment Company, have reportedly raised questions about the high valuations of technology firms benefiting...
Truepic Offers Banks and Insurers Image Verification Solutions, with a Side of Social Impact
Sound Businesses: Profiles of companies and business models we are keeping an eye on.
At its core, Truepic is a free, consumer-facing app that allows anyone, anywhere to authenticate images. Recently celebrated by Fast Company magazine as the top startup in the social good category, Truepic certainly received a...
FIS Looks to Leverage Scale with Worldpay Inc. Acquisition
On Our Radar: Deals we are paying attention to for their impact on industry.
Fidelity National Information Services Inc. (FIS), a Florida-based fintech giant, announced its purchase of payment processing and technology provider Worldpay Inc. in a statement on Monday as the two companies pursue scale, synergies...
Alex Bojer: “I think technology definitely is an enabler these days.”
Perspectives: Opinions from our network of advisors, investors, operators and analysts on the risks and opportunities they see.
Working in the storied Swiss insurance space, Anivo 360 AG, a leading insurance tech player based in Switzerland, leverages insurtech algorithms to match customers with the right policies,...
OakNorth’s Valentina Kristensen: “We’re not coming to the United States to replicate what we’re doing in the United Kingdom.”
Sound Businesses: Profiles of companies and business models we are keeping an eye on.
U.K.-based digital bank OakNorth Holdings Ltd. received a total of $440 million last month, including a $390 million investment from the Vision Fund of Japan’s SoftBank Group Corp. and the rest from the...
David Garrity: “I will pay far more attention to what Jamie Dimon of J.P. Morgan is doing than I would Mark Zuckerberg of Facebook.”
Perspectives: Opinions from our network of advisors, investors, operators and analysts on the risks and opportunities they see.
David Garrity, a co-founder of blockchain consulting firm BTblock, is the man helping billion-dollar companies get comfortable with Blockchain and embrace other emerging digital solutions to cut costs...
Telcos’ Stronghold over African Mobile Payments
KEY TAKEAWAYS
Telco companies have helped mobile payments find a near $2.1 billion market in Africa.
However, as the market is maturing, traditional banks and fintechs are catching up to telcos to provide functions past purely convenience for mobile financial services.
Mobile payments on the...
Paga’s Plan to Boost Nigeria’s Banked Population
KEY TAKEAWAYS
African fintechs are growing in popularity due to high necessity for their services in the region.
One leader is Paga, an African digital payment platform with over 6 million customers.
Though African fintechs are on the rise, recent regulation, such as bank...
Are Consumers Ready for a Cashless Future?
KEY TAKEAWAYS
New financial technologies, such as digital wallets and commission-free investment platforms, are bring financial services to new, previously underserved demographics.
Key Market Movements
ICICI Bank, India’s largest private sector bank, reached a definitive agreement with ePayLater to acquire a 9.91% stake in the company...
Robinhood & Paytm: Cashing In on Mobile Payments
KEY TAKEAWAYS
New financial technologies, such as digital wallets and commission-free investment platforms, are bring financial services to new, previously underserved demographics.
Key Market Movements
ICICI Bank, India’s largest private sector bank, reached a definitive agreement with ePayLater to acquire a 9.91% stake in the company...
Consumer Demand Dictates the Future of Mobile Payments
KEY TAKEAWAYS
New financial technologies, such as digital wallets and commission-free investment platforms, are bring financial services to new, previously underserved demographics.
Key Market Movements
ICICI Bank, India’s largest private sector bank, reached a definitive agreement with ePayLater to acquire a 9.91% stake in the company...
How Fintech Startups Are Fueling Industry Innovation
KEY TAKEAWAYS
New financial technologies, such as digital wallets and commission-free investment platforms, are bring financial services to new, previously underserved demographics.
Key Market Movements
ICICI Bank, India’s largest private sector bank, reached a definitive agreement with ePayLater to acquire a 9.91% stake in the company...
Credit Risk in the Age of Mobile Banking
KEY TAKEAWAYS
The mobile money revolution is just getting started.
Some 1.7 billion people and 200 million businesses worldwide still lack access to savings and credit services at formal institutions, but the World Bank is pushing to get them banked by 2020.
The growing...
Startups Are Behind Modern Growth of Big Banks
KEY TAKEAWAYS
Impact investing is growing in popularity and a growing body of evidence suggests that the sector can deliver strong financial and social returns.
The impact sector lacks universally accepted definitions, criteria and models to help investors achieve their optimal mix of double-bottom...
A Lender’s Outlook on Emerging Markets
KEY TAKEAWAYS
The mobile money revolution is just getting started.
Some 1.7 billion people and 200 million businesses worldwide still lack access to savings and credit services at formal institutions, but the World Bank is pushing to get them banked by 2020.
The growing...
Investing in Fintech: The Risks and Opportunities
KEY TAKEAWAYS
The mobile money revolution is just getting started.
Some 1.7 billion people and 200 million businesses worldwide still lack access to savings and credit services at formal institutions, but the World Bank is pushing to get them banked by 2020.
The growing...
Regulation in Emerging Indian Fintech
KEY TAKEAWAYS
The mobile money revolution is just getting started.
Some 1.7 billion people and 200 million businesses worldwide still lack access to savings and credit services at formal institutions, but the World Bank is pushing to get them banked by 2020.
The growing...
The Smarter Opportunities in Emerging Markets
KEY TAKEAWAYS
The mobile money revolution is just getting started.
Some 1.7 billion people and 200 million businesses worldwide still lack access to savings and credit services at formal institutions, but the World Bank is pushing to get them banked by 2020.
The growing...
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