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The round was led by Information Venture Partners and OpenText Enterprise Apps Fund, with participation from San Francisco-based Operative Capital, Mistral Venture Partners, and existing investor Impression Ventures.
SoFi, an online lending platform, has entered into an agreement to raise $500 million in Series F financing led by Silver Lake.
When banks and FinTech companies decide to collaborate on new ways to share their mutual customers’ data, all three parties come out ahead.
At Mobile World Congress 2017, Mastercard announced plans to expand Qkr! with Masterpass to several new markets.
Will financial institutions become more vulnerable to the new nascent FinTech companies? Will FinTech companies ever be ready to compete with the well-established and trustworthy institutions?.
A number of FinTech startups are knocking it out of the park and rising to the top. Here are the top 12 FinTech companies to watch this year.
In a report by IDC, RBC and Scotiabank scored the highest overall ranking in areas such as their willingness to tackle FinTech issues, and establishing digital development hubs.
The partnership will provide clients of Credit Suisse’s digital private banking platform with a single portfolio view of their holdings across multiple institutions and asset classes.
The funding was led by US-based VC firm, Quona Capital. Existing investors IDG Ventures, Newid Capital, and Elevar Equity also participated in the funding round.
Restaurant owners across Canada that use TouchBistro’s POS system can now apply for financing from Thinking Capital through their TouchBistro account portal.
Insurtech startup PolicyPal has secured an undisclosed seed funding from 500 Startups and a cohort of undisclosed angel investors. It plans to use the funds to accelerate product development and level up its marketing.
WealthBar, which provides online investment portfolios and financial planning services, says this marks the first time a robo-advisor has joined the organization.
Opening up APIs to third parties can benefit challenger banks by allowing them to offer a broader product suite to their customers, but there are also risks attached to this strategy.
The idea, the company explains, is to offer a type of banking product for “every type of relationship from romantic to roommate.” Users can switch to a shared account to track combined expenses and transactions and set combined budget goals.
The new integration will allow small businesses to get paid faster, improve access to capital, gather analytics, and better manage their cash flow.