More than $1 billion has been invested in UK fintech companies this year; the first half of the year brought $564 million of VC investments, up 37% from the prior year period; according to the article, fintech is worth $9.25 billion to the economy and employs 60,000 people. Source
Point72 Ventures led a $3 million round in a company called Extend which was announced today; it allows for business owners to share credit cards with employees and freelancers without giving them physical cards; Point72 also recently invested in Imperative Execution, a dark pool trading platform, “Say” which aims to improve the proxy voting process and DriveWealth. Source
Plaid acquired competitor Quovo earlier this year and has just announced their first offering through the company, Investments; the new...
The new entity will work with businesses in a variety of ways; under “catalysts” internal consultants will help with problem solving and will include the eXellerator innovation lab; “Investments” will include their minority investments in a variety of companies; they have previously invested in Ripple and Paxata; “Ventures” will focus on their investments in new technology. Source
BBVA is well known for being a leader when it comes to adopting new technology; back in 2011 they sought...
Consumer behavior is changing as most purchases move online and in-store payments are increasingly contactless; many fintechs in the payments...