Startups

Fastacash Deal Will Let Visa Power Payments on Facebook

Fastacash Deal Will Let Visa Power Payments on Facebook

by February 27, 2015 at 10:35 am 0 comments

It seems Visa will soon make it very easy to pay people on Facebook. Earlier this week Visa Europe announced a partnership with Singapore-based Fastacash, a social payments service. Most of the announcement focused on the rebranding of Visa Europe’s peer-to-peer payment service from Visa Personal Payments to Visa Direct,Read More

Big Win for … Who?

Big Win for … Who?

by February 18, 2015 at 2:18 pm 0 comments

Alkami Technology scored a big win today, recording a sale of its digital banking platform to Patelco Credit Union. Alka-who? Off-the-radar Alkami was launched in 2009 and has secured $43 million of venture funding to date. The company offers the ORB (online relationship builder) digital banking service, which is what Patelco purchased. Patelco appearsRead More

A portion of GuardVest's sample portfolio report card

GuardVest Aims to Shine a Light on Investment Fees

by February 16, 2015 at 2:54 pm 0 comments

How much do you pay your financial advisor? Most investors have no idea — and neither do their advisors. And what return do you get on your portfolio? That’s another question most investors and again, advisors, can’t answer. These are problems. GuardVest is a new Dallas-based startup looking to solve themRead More

5 FinTech Startups Worth $1 Billion or More

5 FinTech Startups Worth $1 Billion or More

by February 16, 2015 at 10:32 am 2 comments

Five fintech startups are now in the billion-dollar club — meaning they are valued at more than $1 billion. Here are the billion-dollar fintech companies and their last valuations, according to data recently released by Dow Jones VentureSource (in $millions):  Rank Startup Current Valuation Raised to Date 1 Square $6,000 $495Read More

Robocoin Will Offer Bitcoin and Remittance Services to All ATMs

Robocoin Will Offer Bitcoin and Remittance Services to All ATMs

by February 13, 2015 at 11:52 am 0 comments

Robocoin, known for opening the world’s first bitcoin ATM in Vancouver, Canada, in October 2013, told investors yesterday that it has launched a public bitcoin wallet and will offer a software development kit that adds Robocoin’s functionality to traditional ATMs. The company has diversified its offerings since it started as a hardwareRead More

Xignite APIs Now Powering +50 FinTech Ventures

Xignite APIs Now Powering +50 FinTech Ventures

by February 11, 2015 at 11:55 am 1 comment

APIs from Xignite, which provides back-end data integration much as Stripe provides payments integration, are powering, well, a lot of financial services ventures. Today, blogger Jim Bruene (@netbanker) tweeted that Xignite APIs are used by 40 startups that have previously presented at Finovate. Xignite lists a total of 55 companiesRead More

6 Demos of Biometric Verification Tools

by February 11, 2015 at 11:46 am 0 comments

Biometric ID verification seems to be approaching a tipping point. That is not just because Digital Insight made public today that it has adopted EyeVerify’s Eyeprint ID v2.0 for its mobile banking platform. It just seems that biometric ID verification and security seems to be the hot thing. USAA’s mostRead More

Loan Volume at Elevate, Alt-Subprime Startup, Hits $442 Million

Loan Volume at Elevate, Alt-Subprime Startup, Hits $442 Million

by February 10, 2015 at 12:30 pm 0 comments

Welcome to the newest innovation sector: alternative subprime lending. Fort Worth, Texas-based Elevate appears to be leading the charge in this new sector, announcing today that its total loan originations has hit $442 million. Elevate launched in 2014 and offers three products: RISE, a personal loan, Elastic, a paycheck advance, andRead More

Announcing the Fintech 1000

Announcing the Fintech 1000

by February 10, 2015 at 1:42 am 0 comments

How many Fintech ventures are there globally? About 6 months ago, I started to ask that question, thinking that maybe 100 was about the right number – at the time I worried that there would not be enough happening in Fintech to give me the material to write a daily blog -:) When a couple…Read more Announcing the Fintech 1,000

5 Startups Win the 2015 DEMOvation Challenge

5 Startups Win the 2015 DEMOvation Challenge

by February 6, 2015 at 10:51 am 1 comment

Five startups today have won the 2015 DEMOvation Challenge, a competition that is a component of Bank Innovation 2015.

Paris, Where Credit Cards Were Pioneered, Sprouts Noteworthy Fintech Startups

Paris, Where Credit Cards Were Pioneered, Sprouts Noteworthy Fintech Startups

by February 6, 2015 at 3:13 am 1 comment

That headline contradicts the usual Anglo Saxon narrative about France – socialism, high taxes, bureaucracy and lack of innovation. For a contrary view, consider this bit of history: 1960: mag stripe credit cards invented in America 1992: chip and pin credit cards invented in France 2015: America scheduled to introduceRead More