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FINTECH TINUBU SQUARE SECURES €53M INVESTMENT FROM LONG ARC CAPITAL & BPIFRANCE

Tinubu Square, a leading provider of trade credit risk management solutions, announces the investment of €53 million from Long Arc Capital and Bpifrance to accelerate the development of its technology solutions for credit and surety insurers, trade finance banks and export credit agencies.   With this capital injection, US-based investment firm Long Arc Capital takes a majority stake in Tinubu ... Read More »

SME Lending: Credibly Continues Growth with $500M Origination Milestone, BizFi Portfolio

Credibly’s products rely on data science and machine learning Leading “fin-data” SMB lender Credibly will now be servicing the portfolio of competitor lender BizFi, adding BizFi’s $250 million portfolio and 5,200 merchants to its platform.  Along with the BizFi decision, Credibly also announced today that it has hit $500 million in originations to tens of thousand of SMBs, a milestone for the company ... Read More »

CRIF Takes 33rd Place in the IDC FinTech Rankings 2017

  The most comprehensive classification of the top 100 global technology suppliers in the financial services industry. ​CRIF is ranked in 33rd place in the IDC FinTech 2017 classification, taking a further leap forward compared to the 2016 ranking. In its fourteenth edition, the IDC FinTech classification assesses the main global suppliers of financial technology based on revenues for the ... Read More »

Arvato Financial Solutions wins Continuity and Resilience Team Award at the BCI Asia Awards

The Business Continuity Institute, the world’s leading Institute for continuity and resilience, has awarded Arvato Financial Solutions the Continuity and Resilience Team Award at the BCI Asia Awards 2017.  The winners of the awards will be presented with their trophies at a ceremony to be held in Singapore later this year. Arvato Financial Solutions was recognised for the strong performance ... Read More »

Credit Karma Names Susannah Wright its First General Counsel

Former prosecutor and SolarCity and Tesla counsel joins rapidly expanding financial technology company Credit Karma, the top venture-backed personal finance company in the world, today announced it has named Susannah Wright its first general counsel. Previously head of compliance at SolarCity and Tesla, Wright also joins Credit Karma’s executive committee. As general counsel, Wright oversees all legal matters at Credit ... Read More »

Fintech Company Klarna Becomes a Bank

Klarna is the First Major European Fintech to Receive a Full Banking License When Klarna’s three founders presented their digital invoicing idea to the cream of Swedish industry and the country’s king in 2005, they suffered rejection.   “Look, this is never going to work; the banks are going to do this,” Klarna’s chief executive, Sebastian Siemiatkowski, remembers as the message of ... Read More »

Encompass Corporation in the News: Fintech Firm Swaps Bondi for Broomielaw

Encompass’s search for excellence brought it half-way round the world to Glasgow. It perhaps wouldn’t be the most obvious switch, but BIIA member Encompass Corporation have made the move from Sydney, Australia, to Glasgow, Scotland. One of the principle reasons for the move has been the support and assistance offered to encompass by Scotland’s Economic Development International. It is two ... Read More »

Ant Financial Appears to Becoming the World’s Top Consumer Bank – If Foreign Regulators Let It Happen

The biggest obstacle for the Alibaba affiliate are strict regulations abroad In a world that embraces disruptive technology, China’s most prominent financial technology company, Ant Financial Services Group, would probably have no problems morphing into a bank, even without licenses. Beginning as an online payment processor called Alipay supporting Alibaba Group Holding’s flagship e-commerce platform Taobao, Ant Financial has expanded ... Read More »

TransUnion: Five Questions on FinTech with Ibrahim Dusi of Payoff

As part of TransUnion’s “Five questions on FinTech” blog series, John Wirth sat down with Ibrahim Dusi, Chief Risk Officer at Payoff, to get his insights on the future of the FinTech industry, the importance of differentiation and innovation, and how they are saying yes to more consumers Q1: What do you see as critical milestones for the FinTech industry as it matures? ID: The ... Read More »

Blockchain Based SME Lending Platform Bitbond Receives €5 Million Debt Commitment

Global SME marketplace lender Bitbond today announced that it received a commitment from Obotritia Capital to fund loans worth €5 million through its platform. Additionally, Obotritia invested an undisclosed amount of equity to acquire a stake in Bitbond. Bitbond was founded in 2013 and shortly after its start the young company was able to win investors like Point Nine Capital. In 2015 we ... Read More »

Alibaba Makes Its First FinTech Investment In Hong Kong

Alibaba has expanded its investment portfolio in Hong Kong and has chosen Qupital to be its first FinTech investment in the city.  Qupital has just secured a seed investment round of $2 million, led by MindWorks Ventures and Alibaba Entrepreneurs Fund, with co-investment from DRL Capital, Aria Group and several other investors. The funding will be used to enhance its ... Read More »

Fintech Start-up Cloudcase Provides Lending Solution for New Zealand’s TSB Bank

TSB Bank in New Zealand is rolling out a new lending solution from Australia-based fintech start-up Cloudcase. The bank states the new system “substantially reduces the time to process a loan from application to contract with multiple business efficiencies and customer benefits”.  The project started in January last year and has been a collaborative effort of TSB Bank’s technology teams ... Read More »