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Set to scale, Koho wants to avoid the common FinTech hype cycle.
STACK RECOMMENDS: Exclusive: Royal Bank of Canada using blockchain for U.S./Canada payments – executive(REUTERS)
“Great to see Canadian financial institutions acknowledging the opportunity in blockchain.”
– Miro Pavletic, CEO and co-founder of STACK
HSBC said the app will be heavily targeted at millennials and is designed to simplify the process of managing savings.
Onfido, which mainly serves banks and FinTech companies, raised the funds from Crane Venture Partners, Microsoft Ventures, Salesforce Ventures, and others.
Stockpile raised the Series B funding from Fidelity-backed Eight Roads Ventures.
Kyriba, which provides cloud treasury and financial management solutions, raised the funds from Sumeru Equity Partners, with participation from existing investors.
Dubai Economy preps digital currency (FINEXTRA)
Government-backed development agency Dubai Economy has signed an MoU with UK-based smart ID firm Objet Tech to help create and implement emCash. The encrypted digital currency will allow people to pay for various government and non-government services.
With all the buzz around FinTech as an industry set to revolutionize financial services, banking, payments, and other segments, it may be surprising to hear that many companies within it are also struggling to make it.