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London has cemented its place as the leading centre for financial technology startups in Europe, with 2017 set to be a record year for investment, despite fears that Brexit would harm the industry. Investors have pumped over £825m into UK fintech companies so far this year, according research from the Mayor of London’s official promotional agency, London & Partners.
Psychometric credit scoring company Entrepreneurial Finance Lab (EFL) announced today it has merged with alternative credit score provider Lenddo. The two companies have joined forces to offer a suite of credit scoring and identity verification products. Both companies share a mission of “providing financial inclusion for more than one billion new and underserved individuals across the Read more…
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Feedzai, an artificial intelligence (AI)-based fraud prevention company focused on helping enterprises manage risk and fight fraud in real time, announced Tuesday (Oct. 17) it had raised $50 million in funding. In a press release published by Business Wire, the company said it had recently closed a $50 million new funding round that included Series […]
Call it the 7 percent solution. Or rather, 7 percent … in need of a solution. Accounts payable (AP) remains a laggard when it comes to automating the cash flow cycle. Just 7 percent of U.S. firms automate that function, according to the Federal Reserve Bank of Minnesota. Other stats bear out just how far […]
JPMorgan Chase has demonstrated a number of different ways for banks and other FIs to keep up with the competition: investment, in the form of its capital infusion into Bill.com, partnership, as in the recently extended deal with OnDeck, and outright acquisition, as in today’s case of WePay. The bank has agreed to acquire the Palo Alto, California-based Read more…
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Since the dawn of social media, the notion of inserting commerce into social networks has seemed like the natural extension of having groups of friends share every detail of their day-to-day lives on those virtual networks. But what may have made sense in theory didn’t deliver in reality. People were much more interested in being social – looking at […]