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Cashless Societies

Cashless Societies-Good For Some, Not So Good For Others

Cash is so overrated. Get rid of it. Cashless societies are getting pretty much to be the norm with countries like Sweden, Russia, India...
Startups

7 Startups that Have Since Died After Raising Nearly $1.5B Collectively

WHAT?! Not everything and idea works? That's hard to believe (sarcasm). Now, armed with that revelation here are 7 startups that raised a ton...
Amazon

After Whole Foods, Amazon Poised to Grow Further in Fintech

So, if you might have thought Amazon would stop expanding after it bought Whole Foods.............forget about it. Amazon is just getting warmed up. Ernst...

Galaxy Group expands global start-up service network with US$ 30 million investment in IP...

LONDON, June 13, 2017 /PRNewswire/ -- Beijing Galaxy World Group (Galaxy Group) announced a US$ 30 million strategic investment in IP Group (LSE: IPO), a...
Fintech Unicorns

Pre IPO FinTech Companies Kabbage, SoFi, Stripe Over $1B Valuations

It's always interesting to see which companies cut through the clutter and make it to the unicorn club, with valuations exceeding $1B.  CB Insights...
Chinese Fintech

Chinese Fintech Advancing Under PBOC Directives

China is stepping up the pace of the innovation "revolution". The  (Peoples Bank of China) is setting up committee that will focus on fintech's...
Alipay

Alipay & Ant Financial Coming to the US

From across the Pacific in China, the U.S looks like a big picnic area, and with that, here come ants. OK, specifically Ant Financial....
Tencent

Tencent to Open AI Research Facility in Seattle

Here's a twist. China based Tencent, which just happens to be Asia's most valuable company (market cap $300 billion), is going big into AI...
Social Commerce Site

Ex-Google Engineer’s 21 Month Old Social Commerce Site Valued at $1.5B

We at FintekNews are just fascinated with the valuation game. Another company (Rubrik) just got a valuation of $1.3 Billion after raising a total...
Ant Financial

China’s Ant Financial Really Wants MoneyGram

Oh snap. First robots and now ants. So much to fear. But wait, its China's Ant Financial (not those pesky picnic pests) that just...

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