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Robinhood, the commission-free trading application, is coming out with a UK-based division after the FCA has given them the go-ahead to do so. The US-based app was founded back in 2013 by Vladimir Tenev and Baiju Bhatt. Their goal was to become an accessible platform for day trading stocks, shares, and eventually cryptocurrencies. As of…
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Klarna, a platform that allows users to buy products and pay for them over time, just came out of a funding round that put it at $5.5 billion in value. This puts it as the top private fintech firm in all of Europe, and one of the biggest ones on the entire planet. Based in…
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Payments giant MasterCard recently agreed to buy Denmark-based payments platform called Nets for 2.85 billion euros ($3.19 billion). This is the largest acquisition in the history of the company. Faster payments MasterCard bought Nets to bring faster payments to its userbase and help push it further in the dynamic world of online payments, now populated…
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American broadcast company Fox Corp agreed to buy Credible Labs Inc., a fintech company, in a $397 million deal. The online finance broker could be Rupert Murdoch’s way of fueling the growth of his company as he sold its film and TV assets to Disney. What are Credible Labs all about? The San Francisco based…
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FinTech innovators have taken the mobile banking phenomenon mainstream in Europe, with the likes of Revolut, Monzo and N26 acquiring millions of customers over the past couple of years. The process is simple. Download the mobile app, go through a seamless registration process, take a quick snapshot of your passport, and you’ve just got yourself…
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There can be no denying that the traditional banking space is currently going through a major sea-change. Long gone are the days where you need to visit a local branch to open an account, hand over countless documents, and wait days, if not weeks on-end before your account is ready to use. Instead, digital-only banks…
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Robinhood – the US-based stock trading application that allows investors to trade on a fee-free basis, has just raised a further $323 million in Series E funding. The latest funding round now gives the company a current valuation of $7.6 billion. The series E funding process includes a range of venture capital firms, including the…
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Since bitcoin’s humble beginning over a decade ago, it has evolved into a flourishing ecosystem. To a great extent, the world perceives it as a store of value. But it also fits the definition of an asset. And like any other asset, you can use it to secure a loan. Getting a bitcoin loan is…
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An oversubscribed funding round led by EV Growth and Quona Capital helped Indonesian P2P lending platform KoinWorks raises S$16.5 million recently. The recent investment shows confidence in the P2P lending sector’s future growth. KoinWorks receives a great response The recent Series B funding round was supervised by OJK and brought about IDR 170 billion (approx….
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The strict regulatory environment in China is pushing several homegrown fintech and P2P lending companies to look for more lenient jurisdictions in Southeast Asia. China’s crackdown leads to an ouster In the past year, Chinese authorities have cracked down on risky financial practices in the country. Consequently, over 50% of Chinese P2P lending platforms were…
