Finovate

MAY 13, 2024

billion, the lowest level since 2018. Q1 2024 was also the first time since 2018 that there were no “mega-round deals” – investments of $100 million or more. CB Insights noted that quarterly funding for Q1 of this year was only $0.9 The insurance business is ripe for innovation.

AI 119

AI Federal Reserve Underwriting Risk 119

Fintech News

APRIL 1, 2024

According to the report, VC funding in CCA reached US$110 million in 2023, up by 450% from a mere US$20 million in 2018. Since 2018, the country’s VC market has increased considerably, growing by 6.6 times to US$80 million in 2023. Meanwhile, average deal size grew 3.8

FinTech 88

FinTech Web 3.0 Security Non-Bank 88

PYMNTS

SEPTEMBER 3, 2018

Since we would hate for anyone to go into the end of 2018 behind the eight ball, we decided to pay tribute to both a great bit and a great deal of news with our own top 10 list of the biggest news of summer 2018. It is not an exaggeration to say that 2018 has been the summer of movie subscription service MoviePass ’ discontent.

PayPal 40

PayPal Zelle Online and Mobile Banking P2P 40

The Fintech Times

SEPTEMBER 18, 2024

Originally created in 2018 by the global messaging platform Telegram, the TON network — then known as Gram — was poised for success. Research from Bitget shows that the TON ecosystem has seen a 12-times increase in daily transaction volume, rising from 100,000 to 1.2 million over the past year.

Cryptocurrency 64

Cryptocurrency Blockchain Volume On-Demand 64

PYMNTS

JUNE 18, 2020

.” France emerged from a list of potential countries for the trial because AXA is based there and because of the volume of the remittance transactions sent from the country. Fellahi said Western Union is testing the insurance product with a small number of participating countries before scaling it for broader use.

Wire 84

Wire Wires Origination Volume 84

Fintech News

FEBRUARY 15, 2024

Among the key trends outlined in the reports, the companies note a sizable decline in tech investment volumes, adjustments in valuations and a shift towards earlier stage startups. In H1 2023, Southeast Asia recorded a substantial 54% year-on-year (YoY) decline in tech investment volume which reached US$3.1 billion for the period.

FinTech 81

FinTech Adjustments Volume Continuity 81

PYMNTS

AUGUST 26, 2019

The US Federal Trade Commission announced that the promoters of recruitment-based cryptocurrency schemes have been permanently banned from operating or participating in any multi-level marketing program. As part of their proposed settlements with the FTC, Dluca will pay $453,932, and Chandler will pay $31,000. And a hacker from the U.K.

FTC 55

FTC Bitcoin Federal Trade Commission Transactions 55

PYMNTS

JANUARY 8, 2020

billion in 522 deals, a 30 percent growth over 2018, ZAG law firm announced Tuesday (Jan. The number of deals with VC [venture capital] participation captured 60 percent of the total number of deals in 2019,” Zysman said. The dollar volume of deals in which VCs took part captured 77 percent of the total raised in 2019.”.

AI 64

AI Caps Cybersecurity Laws 64

PYMNTS

JANUARY 31, 2019

PayPal kept its 2018 earnings beat streak alive, notching its fourth consecutive earnings beat with its Q4 results announcement yesterday (Jan. billion during the final quarter of 2018, slightly below analysts’ estimates of $4.24 Revenue, however, was a slight miss for both the quarter and the year. PayPal posted $4.23

Venmo 58

Venmo PayPal Volume Zelle 58

Fintech Review

AUGUST 29, 2024

Additionally, the Analytics Dashboard offers a comprehensive view of key indicators like trading volume, PnL, WBT Holding, and VIP Levels, while displaying actual fees based on account status, thereby enhancing the overall trading experience. It offers over 580+ trading pairs, 270+ digital assets, and supports 10 national currencies.

Blockchain 52

Blockchain Innovation Multi-Currency NFTs 52

PYMNTS

FEBRUARY 20, 2020

Decentraland , a startup founded in the heart of the cryptocurrency boom, has emerged as a somewhat unexpected financial success for participants. The token has more than doubled in value this year, though it’s still down from the high of 2018. The plan was always to incorporate cryptocurrency as a form of payment for flights.

Cryptocurrency 73

Cryptocurrency Bitcoin Digital Currency Blocks 73

PYMNTS

DECEMBER 16, 2019

. “Google has been a successful market participant in India’s use of UPI, and Google Pay provides one of the three leading mobile applications that use UPI, as measured by transaction volume,” the letter said. Monthly users of Google Pay hit 67 million in September, an increase of 45 million over September 2018.

FedNow 57

FedNow Real Time Gross Settlement (RTGS) Federal Reserve Payment APIs and Integration 57

PYMNTS

JANUARY 30, 2020

Participating buyers and financial institutions can also facilitate payment automation with access to BPN’s supplier directory, a transparent listing of supplier payment preferences,” the release said. We’ve long recognized CSI as an AP innovator that continually increases volume to suppliers in our network,” Babinsky said.

Automation 60

Automation B2B Payments Payment Networks 60

PYMNTS

NOVEMBER 10, 2020

In early 2018, goodr grew from a small community of runners buying its products to appeal to a larger fanbase. Goodr also participated in A/B testing that showed increases in RPV (revenue per visit) from 12 percent – 15 percent in just over a month. Online sales have risen by 10 percent for products that are try-on-enabled.

Technology 104

Technology On-Demand Use Case Product 104

PYMNTS

OCTOBER 23, 2018

23), Zelle — the P2P service backed by Bank of America , JPMorgan Chase and other financial institutions (FIs) — said in its Q3 results that transaction volume increased 16 percent year over year, and that the total amount of money moved increased 13 percent during that same time frame. On Tuesday (Oct. Zelle Enrollment Boost. million U.S.

Zelle 58

Zelle Venmo P2P PayPal 58

PYMNTS

MARCH 21, 2019

The Series E round is $3.8908 a share and the valuation is a large leap from 2018’s number, which was $545 million. The company works with other FinTechs like Square, Affirm, Klarna and Kabbage, and it said that last year in October its volume for payments grew 100 percent.

Funds Transfer 63

Funds Transfer Payments Volume Participant 63

PYMNTS

FEBRUARY 5, 2020

Clear , a startup that wants to build blockchain for huge-volume transaction systems like telecommunications companies, has announced a $13 million Series A funding round, according to reports. ”

Bitcoin 57

Bitcoin Blockchain Laws Volume 57

PYMNTS

AUGUST 10, 2020

When B2B order-to-cash technology provider Billtrust announced the launch of its Business Payments Network (BPN) in late-2018, it was a solution designed to tackle one of the largest hurdles in B2B payments that remains today: managing all of the data and workflows required to achieve transaction success.

Wire 49

Wire Wires ACH Payment Networks 49

PYMNTS

AUGUST 16, 2018

“But Zelle has leapfrogged the early stages of adoption by having the benefit of being embedded into the already existing apps of participating banks.”. Overall, eMarketer said that users of P2P mobile payment products will rise 30 percent in 2018 to encompass 82.5

Zelle 50

Zelle Small Business Business Payments P2P 50

PYMNTS

NOVEMBER 4, 2019

There are so many new apps, technologies and other solutions on the market that sifting through the sheer volume is becoming a problem all its own — and consumers are dealing with it by being more selective about which eCommerce shopping solutions they choose to download and use. Each year, we survey thousands of U.S. percent to 34 percent.

Consumer 43

Consumer Use Case Volume Participant 43

PYMNTS

AUGUST 7, 2019

Lithuania is aiming to become a regional FinTech hub by creating favorable conditions for financial market participants,” said Bank of Lithuania Director of the Supervision Service Vytautas Valvonis in a statement. SatchelPay received its electronic money institution license in March of 2018, reports noted.

Central Bank 40

Central Bank Bots Audit Participant 40

PYMNTS

DECEMBER 24, 2018

Moreover, Adobe projects that voice-assisted retail will prove to be a big hit during the 2018 holiday shopping season — and that consumers already devoted to the technology will buy even more gear for themselves and others. #3: The 2018 holiday shopping season has been more than kind so far to PayPal. 3: Via Automatic Payments.

Consumer 83

Consumer Online and Mobile Banking Debit Card Volume 83

PYMNTS

FEBRUARY 14, 2020

Additional participation came from ERA, 645 Ventures, Stage 2 Capital and Green Visor Capital. Additional participation came from Partech and Bpifrance Digital. Trade volumes between the regions was worth more than $320 billion in 2018. Negotiatus.

Small Business 52

Small Business Cross-Border Risk Management AI 52

PYMNTS

DECEMBER 17, 2019

percent from the 178 million units shipped in 2018. Total volumes for smartwatches will hit 109.2 IDC also sees a continued downward trend in smartwatch pricing, with companies like Apple participating and playing a crucial role in lower price pressure. The wearables global market is on track to ship 305.2

Volume 53

Volume Participant Continuity Research 53

PYMNTS

FEBRUARY 28, 2019

In a press release , the company said the round of funding was led by Scale Venture Partners and included participation from existing investors Commerce Ventures, Flint Capital, Two Sigma Ventures and Synchrony. The funding comes on the back of a good year for Socure in 2018. 28) it raised $30 million in Series C funding.

Fraud Detection 47

Fraud Detection Verification Fraud Prevention Volume 47

PYMNTS

MARCH 27, 2019

Other investors participating in the round include existing investors.406 MineralTree said it is planning to build on the revenue growth of 80 percent it saw in 2018. MineralTree, an accounts payable and payment automation company, announced Wednesday (March 27) it closed a $50 million growth equity investment fundraising round.

Automation 46

Automation Commercial Card On-Demand Accounts 46

PYMNTS

FEBRUARY 20, 2020

Existing investors NEA, Highland Capital Partners, Redline Capital Management, Hercules Capital and Core Capital also participated in the funding round. In 2018, cybercriminals made off with half a billion personal records, a 126 percent jump from the previous year.

Phishing 52

Phishing Cybersecurity Compromise Risk 52

CB Insights

FEBRUARY 13, 2020

In 2009, a decade after PayPal started offering online payments, San Francisco-based startup Square brought payments innovation to the point-of-sale , allowing businesses with smaller transaction volumes to accept card payments with its card reader and mobile phone card reader. on payment volume. Get the full report.

Payment APIs and Integration 98

Payment APIs and Integration Online and Mobile Banking Payments Push-to-Card 98

PYMNTS

FEBRUARY 7, 2019

The biggest hurdle in the area of supply chain compliance is the volume of paperwork and documents that must exchange hands to prove that a company and its entire supply chain is compliant with these U.S. billion by the end of Q2 2018. percent participation rate — do you [think] the problem is technology, or is it people? .

Compliance 65

Compliance Due Diligence Audit Blockchain 65

PYMNTS

NOVEMBER 9, 2018

The company expects efficiencies that will result in $30 million of expense reductions in 2018 and, upon completion, $45 million on an annualized basis. CEO Alexander Holmes told conference call participants that the impact to the top line came amid “deliberate decisions to stop doing business with certain customers in certain corridors.”

Compliance 64

Compliance Federal Trade Commission Due Diligence Volume 64

PYMNTS

JUNE 1, 2018

Additional participation came from a series of investors that included HSBC and Gray Swan, among others. The capital raised will be used for what Tradeshift termed “core strategic initiatives” with an eye on global expansion into Europe and Asia, and growth in transaction volumes.

B2B 48

B2B Blocks Volume Participant 48

PYMNTS

JULY 20, 2017

We have been overwhelmed by the volume and quality of entrants for the Open Up Challenge,” said Nesta Challenge Prize Lead Chris Gorst in a statement. Those standards will go live in January 2018. The companies participating in the challenge are as follows: Beyond Labs. The Open Up Challenge is backed by the U.K.’s Fractal Labs.

FinTech 62

FinTech Small Business API Innovation 62

PYMNTS

JULY 31, 2018

All major existing investors also participated in the round, the company said. The company’s total funded volume since inception is expected to top $1 billion in 2018. According to VentureBeat, BlueVine has raised about $590 million since its inception, with about three-quarters coming during 2018.

Small Business 40

Small Business Volume FinTech Participant 40

CB Insights

APRIL 17, 2019

2018 wasn’t a great year for blockchain companies. When the price of Bitcoin was hovering at roughly one-fifth of its peak, top VCs participated in rounds tallying $465M across 11 deals in Q4’18. Smart money deals took a noticeable pause between May and July 2018, when crypto enthusiasm first began cooling.

Blockchain 70

Blockchain Bitcoin Cryptocurrency Correspondent 70

PYMNTS

JUNE 3, 2019

Between 2016 and 2018, the volume of orders placed through mobile apps grew by 130 percent, according to PYMNTS’ Mobile Order-Ahead Tracker. Dunkin’ CEO David Hoffmann said in a Q4 2018 earnings conference call that mobile orders make up 3 percent of transactions.

Volume 65

Volume Participant Consumer Technology 65

PYMNTS

OCTOBER 23, 2018

23), Zelle, the P2P service backed by Bank of America, JPMorgan Chase and other financial institutions, said in its Q3 results that transaction volume increased 16 percent year over year, and that the total amount of money moved increased 13 percent during that same time frame. Total Q3 payment volume for Venmo, meanwhile, hit $17 billion.

Zelle 43

Zelle Venmo P2P PayPal 43

PYMNTS

MARCH 2, 2018

Toward the start of 2018, analysts began to highlight the potential for venture capital (VC) to embrace the B2B business model. This week, a breakdown of B2B venture capital funding rounds offers support that the growing interest in the B2B business model continues into 2018. For markets like the U.K., Alternative Lending. ZenBusiness.

B2B 47

B2B Continuity FinTech Blockchain 47