The U.K. FinTech market had a strong showing in 2018, with venture capital and private equity investments hitting $3.3 billion. According to Innovate Finance, that marked an 18 percent year-over-year gain. In a press release, the industry trade group said that private equity investments in...
Raisin, the pan-European FinTech that operates a marketplace for savings and investment products, announced Wednesday (February 6) that it raised $114 million in venture capital funding, bringing the total amount it has raised to $200 million. In a press release announcing the Series D round of...
ARK Investment Management has launched its first FinTech-focused exchange-traded fund. The ARK FinTech Innovation ETF (ARKF) began trading publicly on the New York Stock Exchange Arca on Monday (February 4). It invests in equity securities of companies that ARK believes are shifting financial services and economic transactions to technology...
Financial technology startups were able to raise $39.57 billion in venture funding last year, marking a 120 percent increase from 2017. Reuters, citing data from CB Insights, reported the funding was on a global basis and was raised via 1,707 deals. The number of deals...
Investing and savings startup Acorns has announced a Series E funding round to bring its valuation to $860 million. The $105 million round included Comcast Ventures, NBCUniversal, Bain Capital Ventures, BlackRock, TPG’s Rise Fund, DST and Michael Dell’s MSD Capital. NBCUniversal, now Acorns’ largest shareholder, will...
One in every four consumers in the U.S. has touched this product. Some of them do so when they register their bank account credentials to their Venmo accounts, or set up an investment account with Robinhood, savings account with Acorns or loan repayment details with LendingClub....
Ant Financial, the Alibaba affiliate, expects its core business will be technology services down the road as it expands beyond only payments. In an interview with CNBC, Ant Financial chief executive Eric Jing said Ant Financial views itself as a technology company, and that Alipay...
JPMorgan Chase is doubling down with its FinTech aspirations, gearing up to start development of a new FinTech corporate campus in the early part of 2019. CNBC reported that the campus in Palo Alto, California will be home to more than 1,000 employees. The campus...
Millions of customers across Europe are placing their money with challenger banks over traditional financial institutions. According to The New York Times, favorable regulations in the region and a rise in investor funding have helped boost business for mobile banking companies like Monzo, a British...
