Dan Scheinman, Zoom’s first angel investor, has a lot to feel proud of. Using his own capital, he has backed successful companies from the earlier investment stages which includes Zoom, Arista, SentinelOne and CyCognito. These companies are now collectively worth 10s of billions of dollars.
New research points to a resilient European Tech growth engine, however limited exit options beyond IPO for European Unicorns
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The new Claims Corner Series, produced by Reuters Events in partnership with Commerce Bank, will explore the critical challenges around Agile and some of the quick wins through a series of 1-2-1 interviews with Chief Claims Officers and Claims Disruptors.
Group Futurista, one of the leading tech-based event companies hosted its third webinar ' ‘Future of Contactless Payments post COVID-19’ 2.0 webinar. With over 150 delegates in attendance, this webinar was a huge success.
Franklin Templeton through its Singapore subsidiary, Templeton Asset Management, and Razer Fintech, the financial arm of Razer Inc, announced that they had signed a Memorandum of Understanding to foster a strategic collaboration in digital wealth management innovation, targeting youth and millennials.
Some of the UK's biggest banks have signed a government-backed pledge to improve collaboration with fintech firms.
The global fintech sector faces an "existential crisis", says McKinsey, as sources of funding dry up during the ongoing Covid pandemic.
FinTech startup Flaist has announced the launch of a new conversational AI tool EVA, that helps credit unions (CUs), community, and regional banks better serve their existing customers and compete for new customers with larger financial institutions.
Spanish multinational banking giant Santander has announced its fintech venture capital arm will now be managed more independently.
Tech Nation has received support from HM Treasury in its plan to drive growth in the UK fintech sector with its pioneering ‘Fintech Pledge’
Leading smart payments provider and fintech bank, Credorax and luxury cruise and tour merchant Scenic Group, have announced a partnership that will enable Scenic Group to accept and process payments from travel agencies around the world. Through this partnership, Credorax will provide its full suite of services to Scenic Group, allowing travel agents a seamless booking and payments process.
According to data compiled by Buy Shares, Grab is the most well-funded private fintech startup in the market with a total of US$9.65bn
The novel Coronavirus pandemic has put the banking system under stress. There is a need for personalizing digital solutions, a strong capital foundation, and visionary leadership to keep the businesses running.
A German fintech once backed by PayPal investor Peter Thiel, has filed for bankruptcy after failing to recover from the economic effects of the Coronavirus pandemic.
IDnow, a leading Identity verification specialist, welcomes that Germany’s 16 states have agreed to a transition period incorporating the new and upcoming legal framework by October 15th. This transition clarifies existing and new mandates including, and importantly, age verification requirements for online gambling. The new regime officially enters into effect in July of next year.
Klarna, the leading global payments and shopping service, is pleased to announce it has raised $650 million in an equity funding round, at a post money valuation of $10.65 billion, which ranks Klarna as the highest-valued private fintech in Europe and now the 4th highest worldwide.
Leading figures from the fintech industry have today launched an initiative aimed at tackling harassment and promoting diversity within the sector.
Europe’s fintech startups have continued raising vast amounts of capital over the lockdown period, attracting around €2.86bn ($3.4bn) in investment between March and mid-August, according to Dealroom data.
Venmo has become popular among peer-to-peer payment apps, mostly for its ease of use and the way it has smartly positioned itself on social media. The app publishes a record of transactions to its social feeds, making splitting dinner bills or evenings out with friends a fun experience. Venmo also makes it easy to move money into or out of your bank to pay friends or deposit funds.