Blockchain firm Conio closes Series A2 with $3m of funding
Takes total valuation of firm to over $40 million.
North America
US Bank partners with Optum360 to help hospitals’ money management
Brings support in revenue cycle management at receivables at hospitals.
Investment marketplace Newchip lands $2m in funding
Participants in round include JadeValue Fintech, Yeoman’s Capital and Polymath.
Biometrics firm Veridium touched by $150,000 grant
The grant is funded by the Bill and Melinda Gates Foundation.
PayPal gets anti-fraud ability with $120m acquisition of Simility
Buys fraud prevention and risk management platform.
National Bank brings NFC mobile terminals to Canada
Canadian Mobeewave provided security and encryption.
Better Fintech launches for financial equality
Former Green Dot employee wants to foster financial literacy and equality in the US.
KeyBank acquisition Bolstr-s digital lending dream
US-based bank buys digital lending platform for small businesses.
Luxoft smashes it with Smashing Ideas acquisition
Smashing, lovely, super. Purchase bolsters digital research, strategy and design.
Banking and financial services jobs: mobility at an all-time high
AI is a new corporate site selection driver
Canada’s Interac Lab gets in on innovation hub act
Based within the Communitech tech hub in Ontario.
US financial planner Grove gets groovy with $8m funding
It publicly launched four months ago.
Square acquires crypto licence in NYC
Gearing up for launch of Cash App, which includes crypto exchange services.
Webinar: How to automate critical processes with compliance in mind
Are your processes compliant by design?
NYC fines Deutsche Bank $205m for FX up
New York State Department of Financial Services is FX-ed off.
SmartAsset scoops up $28m in new funding
Series C round takes company’s total equity capital to more than $51 million.
Billshark and Payrailz go bill busting
Billshark negotiates with service providers to find the best possible terms for monthly bills.
Hyperactive PayPal acquires Hyperwallet for $400m
Gives it more payment solutions to e-commerce platforms and marketplaces.
Fiserv signs up two new credit unions to core account processing platform Portico
The duo is Sioux Valley Community and Coulee Dam Federal.
Wealthtech robo-advisor SigFig raises $50m
Series E funding round led by growth equity firm General Atlantic.
NorthOne launches free invoice app
An app for small business owners, entrepreneurs and freelancers.
Brex unveils corporate card for start-ups
It also now has a total of $57 million in funding.
The Fintech Station has now arrived in Montreal
Finance Montreal’s new hub gets support from government of Quebec
Baker Hill brings cloud lending thrills to First Bank
North Carolina-based bank will use online loan application solution.
Finastra acquires banking app provider Malauzai
Deal strengthens its involvement in US retail and business banking sectors.
Fiserv on the money for Dollar’s retail and business banking
Architect to be used as single platform.
US insurer Lemonade takes wefox to court for IP infringement
Lemonade says German firm copied its presentation and business model.
AlphaPoint raises $15m in Series A funding round
The Series A round was led by Galaxy Digital Ventures.
RBC boss predicts CA$3.2bn tech spend in 2018
There is a focus on reducing operational costs through tech investment.
Famous faces bring funding to US insurtech Ethos
Robert Downey Jr. and Will Smith add a touch of glamour… and money.
Visa Canada puts finishing touch on Finn AI’s chatbot banking
“Where is the closest ATM?” or “Please cancel my card”.
Fintech funding round-up: 15 June 2018
USA! USA! Features Strangeworks, Eventador.io, SeriesX, Unchained Capital and ALTR.
AI Foundry revamps Agile Mortgages solution
Data insights company AI Foundry has been doing a bit of spring cleaning.
PayStand expands to Canada
Its digital platform will support domestic B2B commercial payments.
Data insights firm Kinetica taps Dell for hardware
Will help clients gather actionable insights from raw data.
Luge Capital goes huge with $75m fintech funding
Canadian VC fund looking at fintech, financial services and AI.
InvestCloud acquires rplan for $20m in asset management advance
Deal extends its direct-to-consumer (D2C) offering for asset managers.
Wells Fargo under fire from USAA over remote deposit capture patent
USAA claims it is the original inventor of the technology.
US Department of Homeland Security awards contract to iProov
iProov’s tech to support border security for the US Customs and Border Protection (CBP).
Debt restructuring company Lendstreet receives $7m funding
Lendstreet just closed a $7m investment round to fix Americans’ debt.
