The fintech world has been going through a sort of an IPO freeze recently. The headwinds created by certain fintechs this year (looking at you, LendingClub) didn’t help much either. Venture capital funding continued to fall in the third quarter, according to data from KPMG Enterprise and CB Insights. Global financingRead More
Post Tagged with: "TransferWise"
Fintech funding is growing scarce? Maybe, but there are still plenty of big raises to speak of. The five biggest fintech raises this week range from a certain money transfer service in London, to microfinance in Mexico, to the first ecommerce platform developed solely for the sale and distribution ofRead More
In a stunning vote, British citizens decided to leave the European Union, and the so-called Brexit has not just profound implications for fintech, but creates massive uncertainty for global financial services. “How can we be so stupid?” tweeted Eileen Burbidge, a partner at Passion Capital and FinTech Envoy of HMRead More
London-based money movement startup TransferWise announced it has received a further $26 million in funding to expand into the small business market. TransferWise’s valuation now stands at $1.1 billion, according to TechCrunch — so the birth of a fintech unicorns is not a thing of the past. TransferWise allows users to sendRead More
KlickEx is headed to one of the world’s largest markets. The currency exchange service KlickEx, which won SWIFT’s Innotribe Startup Challenge in Sept. 2013, has increased its market penetration in the South Pacific, and is looking to enter a number of major new markets in 2015, said UK-based CEO RobertRead More
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
Financial technology startups are taking over, and people are starting to notice. 12 fintech companies made it to CNBC’s Disruptor 50, the second year that the business network signed out companies upending traditional industries.
The bank of the future probably won’t be made of brick or stone, and may not be much to look at. It’s easier to say what it will do. Entrepreneur and startup mentor Jack Gavigan, who traded tweets with Marc Andreessen and others on the subject back in February, elaborated onRead More