Getting millennials to embrace “traditional” financial services isn’t easy, particularly as a new crop of FinTech innovators has met more than halfway with apps that offer traditional financial services and transacting in an environment that they are most familiar with – digital and not physical...
Remitly, one of the fastest-growing remittance services, has hit a new milestone with over $1 billion in annual transfers. The startup’s fast-paced growth comes against intensifying competition among FinTech startups, like PayPal’s Xoom, TransferWise and WorldRemit, which are striving to cut themselves a bigger share of...
Chinese Internet giant Tencent Holdings Ltd. is raising about $2 billion in a syndicated loan for expanding its business in financial services and powering new acquisitions. Tencent’s move toward acquiring new funds comes as its race to outpace its top competitor, Alibaba Group, tightens. The two eCommerce giants...
In the latest sign that Silicon Valley still can attract attention, and funding, even amid the continued worries about startups, tech valuations and unicorns, Peter Thiel and his colleagues have scooped up a tidy $1.3 billion to close Founders Fund VI. The newest addition to...
The FinTech world can be divided between public and private companies. Publicly traded companies have had a tough time the last several months. Key fallen stars have included Lending Club and OnDeck Capital, which Bloomberg noted have fallen by more than 40 percent since their debuts...
Mintos, a Latvian P2P lending startup, which provides a platform for investors to finance nonbank lender loans, has raised $2.2 million in a seed funding round led by Riga, Latvia-based VC Skillion Ventures. The year-old company helps its investors find loans they can fund or buy from alt-lenders...
LinkedIn’s dismal guidance set the stage for a massive selloff in tech stocks on Friday. But there are other clouds gathering on the horizon for momentum-propelled stocks — and not just social media companies.
FinTech firm Spotcap, based in Berlin and founded and backed by Rocket International, focuses on small business lending and has just grabbed €31.5 million ($34.4 million) in its latest funding round. TechCrunch reported on Tuesday (Feb. 2) that the round is being led by Finstar...
The Iowa caucus dust may be barely settled, but one force may continue to be a powerful one, regardless of the eventual nominees of either U.S. political party: Wall Street. The Wall Street Journal reported Monday (Feb. 1) that campaign finance reports newly filed with...
