FTB News Desk - FinTecBuzz

Yuanben blockchain and Hakuhodo work together to help consumers fall in love with advertising

FTB News DeskFebruary 11, 20197 min

Emerging technologies such as blockchain, AI, and big data are driving development and innovation in the advertising industry. Japanese advertising giant Hakuhodo released a message on their official website on January 31, indicating the company would now be working with a Chinese blockchain technology service provider, Yuanben, and a famous Japanese company United, to develop a new form of digital advertising based on the blockchain business model, Collectable AD. In a recent industry report, Group M,...

Investment Platforms

Motive Partners Completes Significant Investment in Dun & Bradstreet

FTB News DeskFebruary 11, 20197 min

Motive Partners announced the completion of the previously announced acquisition of Dun & Bradstreet (the “Company”) as part of an investor group led by CC Capital, Cannae Holdings, Bilcar, LLC, Black Knight, Inc., and funds affiliated with Thomas H. Lee Partners, L.P. In connection with Motive Partners’ investment in Dunn & Bradstreet, Stephen C. Daffron, Co-Founder and Industry Partner of Motive Partners and former President & Chief Executive Officer of Interactive Data Corporation, has been appointed...

Biometrics Security

Wirecard and Oney Bank Implement the First Biometric Payment System in Romania

FTB News DeskFebruary 7, 20198 min

Wirecard, the global innovation leader in digital financial technology, is working with Oney Bank to implement Well.com, a unique and innovative mobile application in Romania, which allows biometric authentication payment by fingerprint. Oney Bank is the banking and financial arm of Auchan Retail Romania which has annual turnovers of over 1.2 billion euros. Consumers will be able to pay with the app in over 30 Auchan stores throughout Romania. A future expansion is planned to offer it as a payment method in...

Asset Management Investments

BizEquity Partners With Orion Advisor Services

FTB News DeskFebruary 7, 20199 min

BizEquity, the world’s leading online provider of business valuation big data has partnered with Orion Advisor Services, LLC (“Orion”), the premier portfolio management solution provider for registered investment advisors, to increase the service and support that advisors can offer to small business owners, including the ability to determine the true value of their businesses. Advisors can also use the tool to learn the valuation of their own practice, a vital piece of information as M&A activity i...

Investments Real Estate Investment

Jetty Raises $25 Million In Series B Funding Led By Khosla Ventures

FTB News DeskFebruary 7, 20197 min

Jetty, a fintech startup that empowers everyday renters with tools to access rental homes nationwide, today announced a $25 million Series B funding round led by Keith Rabois of Khosla Ventures, who will join the Company’s Board of Directors. Existing investors, including Valar Ventures and Ribbit Capital, will also join the round. The investment brings the Company’s total funding to more than $40 million. The new investment will be used to continue to build and improve upon Jetty’s mission of...

Investments

Pivot Investment Partners Ties-Up with Alexandria Capital

FTB News DeskFebruary 7, 20197 min

Pivot Investment Partners had entered into a strategic tie-up with Alexandria Capital in 2018 to provide its clients with access to early growth equity investments in transformative FinTech companies. Pivot was started in 2014 by CEO-level operating executives who had grown tech-enabled financial services businesses for global financial institutions, with a view to identifying promising growth investment opportunities in FinTech. Pivot’s offering will allow Alexandria Capital to provide a broader array of select investment opportunities...

Payment Platform Payments

Fintech Modo Announces Ryan Lee, Formerly with Apple and Visa, as Chief Product Officer

FTB News DeskFebruary 7, 20197 min

Modo, the market for payment services, today announced Ryan Lee, formerly with Apple and Visa, has joined their leadership team. Lee is serving as Modo’s Chief Product Officer, and is bringing a wealth of payments and strategy knowledge from work on groundbreaking payments technology. As Modo expands their product offerings, Lee’s experience and leadership will allow Modo to deliver even better and simpler value propositions to merchants, banks, and their partners. Before joining Modo, Lee shaped...

Crypto Currencies

Aave Launches Bitcoin on Its Ethereum-based Crypto Lending Marketplace ETHLend

FTB News DeskFebruary 6, 20195 min

ETHLend is the first Ethereum-based application that Integrates Blockchain Interoperability with Bitcoin AAVE, a UK-based FinTech Startup, today announced a new release for its crypto lending marketplace ETHLend. The release introduces the capability for the ETHLend users to use their Bitcoin holdings as a collateral to borrow funds for spending. (Logo: https://mma.prnewswire.com/media/814855/Aave_Logo.jpg ) ETHLend is part of the so called decentralised financial products, which are developed using blockchain technology and smart contracts to promote transparency and decentralisation within financial applications. ETHLend...

Asset Management

Personal Capital Raises $50M in Series F Funding

FTB News DeskFebruary 6, 201910 min

Personal Capital, a leading digital wealth management company, today announced that it has raised $50 million in a Series F funding round led by IGM Financial Inc., the largest investor and member of the Power Financial Corporation group of companies, at a higher valuation than prior rounds. The additional investment comes amidst a flurry of development and growth for the business and reflects IGM Financial’s confidence in the business. Personal Capital has recently surpassed $8.5 billion in assets under...

Mobile Payments

Wirecard Enables Mobile Payments Via Alipay at Stockmann

FTB News DeskFebruary 6, 201911 min

Wirecard, the global innovation leader for digital financial technology, together with Cimple Marketing, a specialist in marketing towards the Chinese market, has integrated Alipay as a payment method in the department stores in the Baltics operated by Stockmann. The Stockmann Group offers a wide range of fashion, beauty, home products and food in its eight department stores in Finland and the Baltics as well as an online store in Finland. It also consists of Lindex, an international fashion chain...

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