Plaid acquired competitor Quovo earlier this year and has just announced their first offering through the company, Investments; the new...
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...
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
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
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