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Allianz has announced plans to acquire a majority stake in Singapore’s Income Insurance through its subsidiary, Allianz Europe B.V. These are distributed through agents, financial advisors, bancassurance, and direct channels. Allianz ‘s offer of S$ 40.58 per share values the 51 percent stake at approximately SG$ 2.2
They use alternative credit scoring methods and automated underwriting. Wealthtech Wealthtech includes robo-advisors, stock trading apps, pension tools, and financial planning software. Banks acquire or partner with fintech startups to accelerate innovation. It democratises investing by lowering fees and entry barriers.
billion, which includes the underwriters’ option. The IPO’s lead underwriters were Goldman Sachs, BofA Securities and Jefferies. The price is slightly higher than the expected amount of $19 to $21, which it had originally marketed. The firm’s market capitalization is at $1.56
With the acquisitions, Roojai became a full digital insurance company with the license to underwrite general insurance products in Thailand. Most recently, Roojai acquired Lifepal, an online insurance aggregator in Indonesia with over 2 million unique visitors per month. The company says it generated THB 3 billion (US$87.4
There’s no shortage of disruptors — particularly neobanks that promise to change everything from checking to lending — but don’t count legacy players out just yet, Dr. Jud Linville , senior advisor at growth equity firm General Atlantic , told Karen Webster. Linville offered up two words of advice: “Acquire them.”
If we think of a lending portfolio as a night club, its underwriting policy acts as the doorperson, checking IDs and making sure anyone trying to enter meets documented criteria. FICO® Scores, often an important contributor to underwriting strategies, are designed to provide valuable risk rank-ordering through all economic cycles.
Ellis previously served as CFO at Flywire , a global payment solutions provider, as well as CFO and advisor to BillGO , a bill pay platform and network. Lea most recently served as chief underwriting officer at Vantage Risk. Montonio, the European payment and ecommerce solutions provider, appoints Johan Nord as its new CEO.
You can also benefit from an independent IPO advisor who can ensure a holistic approach to the IPO preparation. In an Up-C IPO, the public invests in a newly formed company that uses the IPO proceeds to acquire an interest in a flow-through entity from the pre-IPO owners.
In an interview with Paul Purcell , partner at Continental Advisors , four panelists — investors and analysts all — weighed in on the current investment climate … and whether that climate is getting overheated. The capital markets, the venture capital markets are certainly willing and ready to underwrite that.”. follow the money.
Andrew Mallinger, chief operating officer at merchant cash advance firm PIRS Capital , says that the industry is beginning to open its eyes to the importance of acting as an advisor to small business customers. “It’s cool for us, because we have a better choice of who we get to work with in terms of customers.
Three Finovate alums received large checks this week: FutureAdvisor , one of the early robo-advisors which had raised $24 million, was acquired by Blackrock for an undisclosed sum. Tags: Investing, wealth management, advisors. million), raised big rounds. SumUp , the London mPOS provider, raised $11.3 million in venture debt.
Consumer credit underwriting. Marketplace for financial advisors and other professional services. Tags: SMB, merchants, payments, acquiring. Source: Crunchbase. ZestFinance. HQ: Los Angeles, California. Latest round: $150 million Debt. Total raised: $262 million (including $150 million debt). Source: Crunchbase. InvestCloud.
Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have officially ended a two-year investigation of LendingClub, its subsidiary LC Advisors (LCA), its founder and former CEO Renaud Laplanche and its former CFO Carrie Dolan. On Friday (Sept. The SEC Finding. million Series C round in April of 2010.
Calibrate Ventures, WTI, and Hallador Investment Advisors also participated in the round. . Simplee , a Palo Alto, California-based healthcare expense platform, was acquired by Flywire for an undisclosed amount. and a full-year underwriting profit. Lemonade currently uses AI for many of its underwriting and claims processes.
It was a busy week for Finovate alums with six raising fresh cash and one being acquired: EZBOB raised $28.8 Holvi was acquired by BBVA for an undisclosed amount. Tags: Consumers, SMB, merchants, payments, mobile, credit/debit cards, acquiring. The year-to-date total raised is $5.6 billion, more than double the $2.7 TradeShift.
Automated stock trading advisor. Tags: Payments, credit, debit cards, API, merchants, SMB, online, acquiring, Visa (investor), American Express (investor). Latest round: $120 million Series E (of rumored $150 million at $875 million valuation). Total raised: $585 million ($357 million debt, $228 million equity). Source: Finovate.
Three Finovate alums raised capital and one of the first FinovateSpring presenters, TradeKing , was acquired by Ally Financial for $275 million. Tags:Consumer, merchants, payments, POS, acquiring, debit/credit cards, mobile. Tags: SMB, lending, P2P, crowdfunding, credit, commercial loans, underwriting. Cortera raised a fresh $3.5
Robo-advisor. Financial planning software for advisors. Tags: Consumer, advisors, wealth management, investing. Fintech deals by size from 30 July to 5 August, 2016: Mosaic. Lender for solar energy installations. Latest round: $220 million Private Equity. Total raised: $245 million. HQ: Oakland, California. Source: Crunchbase.
Smartphone based alt-credit & underwriting for underbanked. Tags: SMB, consumer, insurance, mobile, underwriting. Consumer online investment platform. Latest round: $100 million Series E ($700 million valuation). Total raised: $205 million. HQ: New York City. Source: Finovate. Real Matters. Latest round: $76.7 Total raised: $136.7
Underwrites & guarantees high-risk credit card transactions . Digital investment advisor. Online mortgage advisor. Tags: Consumer, SMB, loans, credit, lending, underwriting. Financing for renewable energy and conservation projects. Latest round: $70 million Series D. Total raised: $102.2 HQ: Oakland, California.
Tags:SMB, merchants, acquiring, payments, mPOS, point of sale, hardware. Wealth-management platform for financial advisors. Tags: Insurance, analytics, big data, underwriting, Startupbootcamp (accelerator). HQ: Mexico City, Mexico. Source: Crunchbase. GroundFloor. Real estate lending marketplace. Total raised: $6 million.
Digital investment advisor. Tags: Consumer, credit, loans, underwriting, lending. Latest round: $75 million Series E ($500 million valuation). Total raised: $175.3 HQ: Redwood City, California. Source: Finovate. Latest round: $40 million. Total raised: $56 million. HQ: San Francisco, California. Small business alt-lender. million Debt.
Data aggregation and analytics platform Envestnet | Yodlee is reaching multiple big fintech trends this year, starting with the company’s wealthtech solution, Advisor Now , that launched at FinovateSpring in May.
The assumption was they were going to be better at underwriting the risk of those consumers,” Continental Advisors’ Managing Partner Paul Purcell told PYMNTS in an interview shortly after the news broke. “If Borrowers default, investors are left holding the bag, and they decide not to invest anymore. Network effects in reverse.
Credit card acquiring for bitcoin exchanges & wallets. Tags: Consumer, advisors, investing, trading. Source: Crunchbase. Alt-lender for small businesses (Rocket Internet). Latest round: $35 million Series B. Total raised: $56.1 HQ: Berlin, Germany. Source: Crunchbase. Real estate platform for emerging markets. Latest round: $31.4
This detailed level of account information helps lenders with underwriting, origination, pre-qualification, and account review. Since acquiring Yodlee in August 2015 for $660 million, Envestnet | Yodlee has built out its Advisor Now solution and landed a partnership with Morgan Stanley’s wealth management arm.
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