Startups

Apple Pay Available in an Estimated 652,000 Locations

Apple Pay Available in an Estimated 652,000 Locations

by January 28, 2015 at 11:33 am 0 comments

Apple Pay was launched last October and is now available in — brace yourself — approximately 652,000 North American locations, according to an estimate made public yesterday. Brian Roemmele, arguably one of the more well-versed payments experts in the nation, indicated that he made the estimate based on some difficult legwork,Read More

Transferwise has its billion-dollar unicorn headline

Transferwise has its billion-dollar unicorn headline

by January 27, 2015 at 5:15 am 1 comment

I did learn a few journalist skills and habits in my year as COO of ReadWriteWeb. One was to be wary of being spun. The other was to dig below the surface. Over two months ago, on November 10th, a couple of “news” sites reported something along these lines: “Sequoia Capital, the Silicon Valley venture…Read more Transferwise has their $ billion fintech unicorn headline two months after the teaser headline

Why the Wharton FinTech Initiative Matters

Why the Wharton FinTech Initiative Matters

by January 23, 2015 at 2:03 am 1 comment

Philadelphia was not on my radar screen until regular reader Steve Weiner reached out to tell me about Wharton FinTech, the “first student-led initiative dedicated to promoting ideas, innovation and investment in FinTech”. I think this is significant for 3 reasons: If you want one word to explain Silicon Valley success it is – Stanford.…Read more Fintech City Tour goes to Philadelphia to see Millenials creating Fintech close to Wall Street

Planwise Launches Connect to Unite Realtors with Buyers

Planwise Launches Connect to Unite Realtors with Buyers

by January 21, 2015 at 9:50 am 1 comment

PFM provider Planwise has launched a new service called Planwise Connect, Bank Innovation has learned. The new service promises to help real estate agents and mortgage brokers form a tighter relationship with potential buyers. Using the service, real estate professionals can provide buyers with the Planwise affordability calculator, which can be usedRead More

OnDeck Launches Marketplace for Institutional Investors

OnDeck Launches Marketplace for Institutional Investors

by January 21, 2015 at 9:30 am 1 comment

Small business lender OnDeck (NYSE: ONDK) announced the launch of a platform for institutional investors today. Properly speaking, the platform soft-launched a year ago, CFO Howard Katzenberg told Bank Innovation Tuesday, and a number of institutional investors — banks, insurance companies, hedge fund, mutual funds — have been piloting it. ButRead More

LendingRobot Scores $3M To Automate Investing On P2P Lending Platforms

by January 20, 2015 at 3:15 pm 0 comments

The Seattle, U.S.-based startup has just raised approximately $3 million in a Series A round led by European VC Runa Capital, money it’ll use to further develop its product and to ‘accelerate’ growth.

Google’s Plan to Catch Up with Apple Pay — Softcard?

Google’s Plan to Catch Up with Apple Pay — Softcard?

by January 20, 2015 at 11:53 am 0 comments

News broke last week that Softcard, formerly known as Isis, may have a suitor in mobile wallet competitor Google. What would be the price tag, considering the hundreds of millions — perhaps even billions — of dollars telcos poured into Isis/Softcard over the past five years? Try $50 to $100Read More

Moven Gives Bank Innovation an Exclusive Look at Its Bet on Wearables

Moven Gives Bank Innovation an Exclusive Look at Its Bet on Wearables

by January 13, 2015 at 10:12 am 3 comments

The bank account in your pocket can now be a bank account on your wrist. Bank Innovation got a sneak peak at the newest “watch bank,” developed by Moven, during a recent visit to the startup’s New York offices. And we were impressed. According to a recent survey of 170,000 internet users fromRead More

PeerTransfer’s $22M Round Will Take It to UK, Australia and Beyond

PeerTransfer’s $22M Round Will Take It to UK, Australia and Beyond

by January 13, 2015 at 10:03 am 2 comments

PeerTransfer, a payments startup enabling international students to pay tuition fees in the currency of their choice, announced it has received some currency of its own today — a cool $22 million in a round led by Bain Capital, and which also included Spark Capital, Devonshire Investors, Accel Partners, and QED Investments. ThisRead More

It’s Buy, Not Build, That Drives Capital One Acquisition of Level Money

It’s Buy, Not Build, That Drives Capital One Acquisition of Level Money

by January 12, 2015 at 12:37 pm 0 comments

The old buy-versus-build debate has been settled. At Capital One. Capital One Financial Corp. said today that it had acquired Level Money, a PFm solution targeting millennial users, for an undisclosed price. The acquisition brings a beautiful application into Capital One’s portfolio, which includes the former ING Direct. It alsoRead More

Fidor Bank License-as-a-Service Model Changes the Full-Stack Bank Debate

Fidor Bank License-as-a-Service Model Changes the Full-Stack Bank Debate

by January 12, 2015 at 2:28 am 2 comments

This tweet by Marc Andreessen in February ignited a debate: @cdixon @JackGavigan @Kwdmiller @aweissman I am dying to fund a disruptive bank. Marc Andreessen (@pmarca) February 9, 2014 “Disruptive Bank” is a vague term and that maybe deliberate phrasing from Marc Andreesseen (he does not want to pre-empt the innovation out there that is working).Read More