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Quandl raises $12 million Series B to expand its financial data platform(BETAKIT)
Quandl will use the funding to expand its coverage of alternative data, which offers predictive insights for capital markets, but has not been previously used in the finance industry.
Building a collaborative global FinTech ecosystem(BETAKIT)
Matteo Rizzi says that Canada is rapidly evolving from a connected into an organized FinTech ecosystem. (sponsored)
Facebook Messenger now allows payments in its 30,000 chat bots(TECHCRUNCH)
Messenger bots can accept payments natively without sending users to an external website, Facebook’s head of Messenger David Marcus announced onstage at TechCrunch Disrupt SF 2016.
5,300 Former Thinking Capital CTO Pat Forgione joins Lendful(BETAKIT)
Before joining Lendful, Forgione spent three years as CTO of Thinking Capital, and acted as VP of technology at Peak Financial Services and senior manager of infrastructure operations and development at Penson Financial Services.
Blockchain startup Ripple raises $55M for partnership, growth push(BIZ JOURNALS)
New investors Standard Chartered, Accenture Ventures and SCB Digital Ventures (the investment arm of Thailand’s Siam Commercial Bank) participated in the Series B round along with Santander Innoventures and Venture 51.
FinTech backed by European Commission to unite capital markets(CBR)
The European Commission is aiming to push a ‘capital markets union’ and believes that FinTech could play an important role.
Financeit and Concentra acquire TD Bank’s indirect home improvement financing assets(BETAKIT)
This is Financeit’s first major acquisition since its launch in 2011. The company says that businesses focused in the areas of HVAC, pools and spas, windows and doors, roofing, decks and plumbing have been among the largest Financeit adopters.
The FinTech honeymoon is over — now what?(AMERICAN BANKER)
Young FinTech companies are facing a harsh new reality. After years of unbounded growth fueled by billions in venture capital, the market dynamics that made it all possible have changed.
Banks rushing to collaborate with FinTech startups(FINEXTRA)
Collaboration with FinTech startups is seen as a critical element in bank digital transformation strategies, according to a survey of financial executives conducted by IDC.
Information Venture Partners raises $96M fund for early stage FinTech and enterprise software companies(BETAKIT)
Information Venture Partners announced the close of $96 million for its second investment fund, Fund II, which is dedicated to early stage financial technology and enterprise software companies in North America.