25 October 2014

Startups and innovation

Asif Faruque - Finextra

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Fintech startups: A week in review

12 August 2014  |  1878 views  |  0

Under-the-radar startups

Bank Innovation, a banking innovation blog, has uncovered some fintech startups we should be keeping our eye on - a B2B payments system, an investment management tool, a debt collection startup and Ripple - the payment protocol which allows for cross-border payments.

Stripe improves their receipts

Stripe, the mobile and e-com payments people, have upgraded their receipts API - now the design is customisable, includes a receipt for every charge (not just saved customers) and provides receipts for every refund.

Seedcamp visualises their startups

Seedcamp have developed an infographic to visualise their growth since 2007. They tripled their investment in fintech from '07 to '11. It stayed flat for the next 2 years and then bumped again this year. Fintech only makes up a tenth of their investment budget but brings in 22% of total money raised. Bang for your buck, eh?

Spark Profit moves to London

The Spark Profit app, headed up by Nous, crowdsources FX predictions and rewards the best predictors. The data is then sold off to investors in the Spark Feed. The team was based in Japan. Now they're moving to London - 'the worlds financial centre'.

Banks are luring fintech with VC funds

A Wall Street Journal blog claims that big banks, Santander and HSBC, are pumping cash into venture funds to get a handle on the rapidly growing fintech startup market. Also in the fray are Sberbank, BBVA and UBS.

Seedcamp goes mini

A few days ago Seedcamp provided masterclasses, networking events and feedback opportunities for startups in the Edinburgh region.

Boston is rife with fintech startups

Bizjournals, in a moment of great timing with this year's Sibos event in Boston - have produced a report showcasing Boston's wealth of fintech startups. Big names include peerTransfer, Paydiant, Kensho and Loop. Not bad.

Bauer Media launches multi-million dollar startup fund

Gigaom have reported that German magazine publisher, Bauer Media, is branching out as an investor and have just sidelined $134 million on a fund for a decade's worth of investments. Nice local initiative.

TagsRetail bankingStart ups

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