Author: hjenkins42
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Revolut’s $33B bank app hits a roadblock in Britain
Nikolay Storonsky, once a championship swimmer in his native Russia, doesn’t like to hang around in the slow lane. His $33 billion fintech Revolut Inc. has a neon sign in the office telling staff to “Get Shit Done.” Nikolay Storonsky, chief executive officer of Revolut Ltd. Photo by Luke MacGregor/Bloomberg Mercury It was in this…
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This Week in Fintech ending 6th May
This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives. Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder & CEO at Kryptonio a “keyless” non-custodial bitcoin and cryptocurrency wallet, that lets users manage bitcoin and crypto, without private keys or passwords and Weekly Columnist at Daily Fintech) @iliashatzis…
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Alt Lending week ending 6th May 2022
When you’re looking for a long term relationship you shouldn’t go on first impressions. This was the strapline from an advertisement from an asset management company that proudly stated that “ No one knows Smaller Companies like we do”. I couldn’t let this pass me by as they also mention that they have a large…
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TD Bank makes embedded finance play, eyes expanded automation capabilities
TD Bank will soon automate enterprise resource and cash management processes for its commercial customers in an embedded finance move. The Cherry Hill, N.J.-based TD Bank, a subsidiary of the $1.73 trillion TD Bank Group, has selected enterprise resource management fintech FISPAN to embed TD Commercial digital banking products into an automated digital platform, according…
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Neo Financial Lands $145 Million to Build its Canadian Challenger Bank
Canada’s Neo Financial closed $145 million ($185 million CAD) in funding. The round brings the three-year-old company’s total funding to almost $240 million ($299 CAD) and boosts its valuation past $785 million ($1 billion CAD). Neo is now one of only a few Alberta-based tech companies to become a unicorn. Canada-based Neo Financial’s newest funding…
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Meet the Startups: Investor Meetings at FinovateSpring This Month
New to FinovateSpring this year, we’re connecting startups raising early-stage capital with investors who can make it happen. And there’s still room at the table. If you’re a startup raising pre-seed/seed/series A funding, apply now. Interested investors should reach out to Heather Stowell. To shed a little more light on our Advanced Startup Booster program…
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Fintech’s Role in Retail Investing’s Knowledge Gap
In a world full of inequalities, it is no surprise to see an imbalance when it comes to finances, and investing in particular. For more insight into this industry conundrum, we spoke with Rukayyat Kolawole, CFA. Kolawole is familiar with inequities in the financial world, given her role as Founder and CEO of PaceUP Invest,…
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Mobile bank N26 increases app store releases by 200%
Mobile bank N26 reduced its app build and testing times significantly after moving to a cloud-based platform that helps automate aspects of mobile app development. The Berlin-based bank’s development team increased app store releases by 200% while decreasing testing time by 80% and build times by 50%, Dama Damjanovic, principal engineer at N26, told Bank…
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Cryptocurrency Accounting Company Tactic Secures $2.6 Million in Seed Funding
Cryptocurrency accounting firm Tactic raised $2.6 million in funding. Leading the investment round were Founders Fund and finance automation company Ramp. The new capital will help the company add talent and continue to build out its platform. With more and more companies seeking to diversify their finances with cryptocurrencies, a new U.S.-based startup has arrived…
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FinovateSpring 2022 Sneak Peek: Lendisoft
A look at the companies demoing at FinovateSpring in San Francisco on May 18 and 19. Register today and save your spot. Lendisoft transforms the end-to-end loan management process with a SaaS suite integrating risk management and compliance IQ. Machine learning and AI automation result in workflow and performance differentiation. Features Workflow and process design with integrated…
