Edition:
India

Anna Irrera

TransferWise closes $292 million secondary funding round at $3.5 billion valuation

23 May 2019

Money transfer startup TransferWise has closed a $292 million secondary funding round which doubles its valuation to $3.5 billion, the company said on Wednesday.

U.S. smartphone financing tech startup PayJoy raises $20 million

23 May 2019

NEW YORK PayJoy, a startup that has developed smartphone technology to facilitate access to credit in emerging markets, has raised $20 million from venture capital firm Greylock Partners, the company said on Thursday.

Exclusive: Banks to invest around $50 million in digital cash settlement project - sources

17 May 2019

NEW YORK Several of the world's largest banks are in the process of investing around $50 million to create a digital cash system using blockchain technology to settle financial transactions, according to people familiar with the plans.

Wells Fargo and Barclays back fintech company OpenFin

16 May 2019

NEW YORK Financial services software startup OpenFin has raised $17 million in a funding round led by Wells Fargo & Co with participation from Barclays, the company said on Thursday.

Wells Fargo and Barclays back fintech company OpenFin

16 May 2019

NEW YORK, May 16 Financial services software startup OpenFin has raised $17 million in a funding round led by Wells Fargo & Co with participation from Barclays , the company said on Thursday.

Digital banking startup Aspiration seeks new funding round

17 Apr 2019

NEW YORK Aspiration, a digital banking startup that allows customers to choose whether to pay fees, is embarking on its largest ever fundraising round, its chief executive, Andrei Cherny, told Reuters.

Crypto compliance startup Chainalysis raises funding from MUFG, Sozo Ventures

16 Apr 2019

NEW YORK New York-based cryptocurrency compliance startup Chainalysis has raised $6 million in funding from Japanese financial group Mitsubishi UFJ Financial Group Inc and venture capital firm Sozo Ventures, the company said on Tuesday.

RPT-FOCUS-Worried a recession is coming, U.S. online lenders reduce risk

15 Apr 2019

NEW YORK, April 15 U.S. online lenders such as LendingClub Corp, Kabbage Inc and Avant LLC are scrutinizing loan quality, securing long-term financing and cutting costs, as executives prepare for what they fear could be the sector's first economic downturn.

Worried a recession is coming, U.S. online lenders reduce risk

15 Apr 2019

NEW YORK U.S. online lenders such as LendingClub Corp, Kabbage Inc and Avant LLC are scrutinizing loan quality, securing long-term financing and cutting costs, as executives prepare for what they fear could be the sector's first economic downturn.

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