Beacon CFO Plus

MARCH 12, 2024

Lay the Foundation for Stability and Growth Are you a startup or a small- to medium-sized company without a chief financial officer in place? Here are three ways that you can improve your financial management today. Invest in financial technology (fintech) solutions. Implement cost control measures.

Cash Flow Forecasting 52

Cash Flow Forecasting CFO Financial Analysis Invoicing 52

PYMNTS

NOVEMBER 12, 2020

banking-as-a-service (BaaS) Startup Railsbank closed a $37 million funding deal co-led by MiddleGame Ventures and Ventura Capital. The London-headquartered startup is striving to help startups and other firms “prototype, launch and scale financial products within their own customer experience.”.

Startups 88

Startups Leadership Financial Systems Banking 88

PYMNTS

MARCH 7, 2017

Aiming to back and support FinTech startups focused on the underserved, Accion International and VC Quona Capital raised $141 million in funding. According to a report , the funding came from multiple institutional investors in support of FinTech startups that focus on those who are shutout of traditional banking systems around the globe.

Startups 40

Startups Education Financial Systems Economics 40

PYMNTS

JUNE 23, 2016

Santander InnoVentures , a FinTech venture capital fund, announced on Wednesday (June 22) that it is making a strategic investment in identity verification platform Socure. But it can also be utilized in applications across fraud prevention and compliance to help businesses adhere to anti-money laundering (AML) regulations.

Investments 42

Investments Securities Compliance Financial Systems 42

PYMNTS

OCTOBER 18, 2020

million to humanitarian aid organization Mercy Corps , intending to bolster the non-governmental organization's efforts to help create economic opportunities for those in areas with flawed financial systems, according to Invezz. The existing financial system is fragmented, antiquated, and exclusionary — leaving 1.7B

Nonprofit 76

Nonprofit Financial Systems Education Startups 76

Barry Ritholtz

MAY 9, 2023

Financial Armageddon.’ The global financial system is like an upside-down pyramid, and the tip of that pyramid is the U.S. California startup SpinLaunch says its system will be able to complete 2,000 launches a year. My Two-for-Tuesday morning train WFH reads: • What would U.S. default actually look like?

Treasury 61

Treasury Financial Systems Startups Investments 61

PYMNTS

NOVEMBER 28, 2019

The stock-trading startup is voluntarily pulling its bank charter application with the Office of the Comptroller of the Currency, which was submitted earlier this year. Robinhood will continue to focus on increasing participation in the financial system and challenging the industry to better serve everyone,” a spokesperson told CNBC.

Banking 75

Banking Valuation Cash Management Currencies 75

PYMNTS

JANUARY 12, 2020

Sujith Narayanan and Sumit Gwalani, both co-founders of Google Pay India — formerly called Google Tez — said the seed funding brings the neo-bank startup epiFi to a valuation of roughly $50 million. When we were building Google Tez, we realized that a consumer’s financial journey extends beyond digital payments.

Concentration 40

Concentration Startups Valuation Financial Systems 40

PYMNTS

MARCH 4, 2019

Circle , the payments startup backed by Goldman Sachs, announced on Monday (March 4) it closed on its acquisition of SeedInvest , an equity crowdfunding platform that operates a registered broker-dealer. The completion of the deal comes as talk abounds that the company wants to raise $250 million in fresh capital.

Startups 51

Startups Financial Systems Securities Retail 51

PYMNTS

DECEMBER 17, 2019

That’s one of the main messages of a new PYMNTS interview with Regio Martins, CEO and founder of nobli , which aims to enable businesses to offer more forms of collateral when seeking loans — the company’s personal loans are secured by financial collateral. We expand that to include almost every type of financial asset.”.

Financial Systems 54

Financial Systems Startups Treasury Banking 54

PYMNTS

MARCH 3, 2020

The startup headed to Vancouver due to its diverse talent pool and skilled global workforce. It has also launched a corporate credit card for startup companies. Cosmin Nicolaescu, vice president of engineering at Brex, told the Daily Hive said the company’s focus right now is on “reimagining financial systems for growing companies.”.

Valuation 52

Valuation Startups Financial Systems Technology 52

PYMNTS

DECEMBER 13, 2018

Robinhood, the mobile investment app company, announced Thursday (Dec. 13) that it has launched Robinhood Checking & Savings, a new feature aimed at expanding its mission to overhaul the financial system in America. “You shouldn’t be charged fees to access, save, and invest your own money.

Accounting 58

Accounting Financial Systems Startups Investments 58

PYMNTS

JANUARY 27, 2021

Payroll infrastructure startup Check , which purports to simplify the payroll process, launched publicly Wednesday (Jan. Financial services and payments in particular have seen progress in the last 10 years, the release stated. “By 27) with $35 million in Series B funding, according to a press release.

Accounts Payable 71

Accounts Payable Financial Systems Startups Accounting 71

PYMNTS

OCTOBER 10, 2018

One startup seems to think so. APIs are being used across the financial landscape to help traditional banks and FinTechs deliver products to a wider audience, including underbanked populations. This means developers can tap them to extend financial benefits to users on a global scale.

Startups 43

Startups Banking Financial Systems Financial Data 43

PYMNTS

MARCH 26, 2018

B2B payments startup Candex announced $3.5 California-based Candex said it will use the investment to focus on expansion and to secure Fortune 500 corporate customers. California-based Candex said it will use the investment to focus on expansion and to secure Fortune 500 corporate customers.

Accounts Payable 43

Accounts Payable Vendor Management B2B Leadership 43

PYMNTS

AUGUST 10, 2017

For banks, API solutions can help older financial institutions find innovative partners and, as a result, offer newer financial services. For FinTechs, APIs can get these startups working more effectively with banks’ legacy systems instead of building new systems on their own. More APIs, More Interaction.

Banking 80

Banking B2B Startups Foreign Exchange 80

PYMNTS

APRIL 2, 2019

billion, a move that illustrated the potential financial opportunities in the region. Funding in area startups has increased by 50 percent year on year since 2015, according to a study by Magnitt. The report , citing officials from both countries, said the idea is to increase trade and investments between Syria and Iran.

Financial Systems 43

Financial Systems Startups Banking Investments 43

PYMNTS

JUNE 23, 2017

The financial sector in India has been largely dominated by government-backed banks – similar to the financial system status in China – with the leading money market fund as state-owned and run by private banks such as the State Bank of India and ICICI Bank. Paytm, which is owned by One97 Communications, received a $1.4

Marketing 46

Marketing Economics Communication Currencies 46

PYMNTS

MARCH 10, 2020

The bank has its sights set on small businesses, startups and freelancers. From day one to today, our mission has been to make the financial system more inclusive and rebalance the economy from the bottom up.”. A new challenger bank in the U.S., While fairly common in Europe, challenger banks in the U.S. are less prevalent.

Banking 54

Banking Financial Systems Startups eCommerce 54

PYMNTS

DECEMBER 4, 2019

Silicon Valley startup Robinhood has signed over 10 million subscribers to its free stock-trading service, the company said in a blog post on Wednesday (Dec. We founded this company to break down barriers to our financial system,” the company said in a blog post. “As

Education 52

Education Currencies Financial Systems Startups 52

PYMNTS

MARCH 16, 2020

On another note, Congresswoman Maxine Waters called out the Federal Reserve’s move to bring more liquidity to the financial system to address the coronavirus in statement. Those emerging trends encompass investment scams, imposter scams, insider trading and product scams.

Banking 53

Banking Entertainment Healthcare Financial Systems 53

PYMNTS

AUGUST 19, 2016

The city is considered a global finance hub, catering to many of the biggest investment banks and insurance companies in the world. There’s an estimated 492 startups in Tokyo, with the majority serving the mobile and big data analytics sectors. Over the last 12 months, Tokyo startups have earned over $1.6 Making Startups Thrive.

Startups 41

Startups Finance Cash Management Financial Systems 41

PYMNTS

SEPTEMBER 1, 2016

The FinTech sector is in the midst of a maelstrom that’s bringing sea changes in the way that people manage their finances and investments. Of course, even the FinTechs themselves rely on partner banks to perform certain functions, like providing access to financial systems or holding deposits, but this may be changing.

Startups 40

Startups Compliance Financial Systems Banking 40

PYMNTS

DECEMBER 5, 2019

billion citizens outside the financial system. billion into lending startups. Of that nearly $1 billion ($909 million) went to India-based lending startups making it the third largest market for investor dollars in this segment behind China and the U.S. Last year, investors globally poured a record $9.6

Banking 52

Banking Accounting Startups Education 52

PYMNTS

OCTOBER 16, 2017

It’s a storyline with some very strong parallels to the cryptocurrency stories being told and the investments that they now garner. These early advocates have stimulated a vast amount of investment into this vision; $1.7 billion has been invested into bitcoin/crypto-related ventures over the last eight years.

Currencies 71

Currencies Concentration Financial Systems Investments 71

PYMNTS

NOVEMBER 21, 2018

She continued, “Many national payment systems are benefitting from considerable innovation and change,” adding that cross-border payments “totaled 1.8 … They are at the center of the international finance system, enabling trade, investment and money transfers. times global GDP in 2016.

Benchmarking 49

Benchmarking Banking Compliance Financial Systems 49

PYMNTS

AUGUST 12, 2019

Igniting a network at scale and right out of the box can be a real pain, as the litany of failed payments startups knows all too well. FedNow is positioned as a competitor to the private systems, with TCH as its only real-time domestic account-to-account competitor, but it also competes with cards and ACH. financial system.

Banking 78

Banking Investments Accounting Leverage 78

PYMNTS

SEPTEMBER 1, 2016

The fintech sector is in the midst of a maelstrom that’s bringing sea changes in the way that people manage their finances and investments. Of course, even the fintechs themselves rely on partner banks to perform certain functions, like providing access to financial systems or holding deposits — but this may be changing.

Compliance 40

Compliance Financial Systems Banking Startups 40

PYMNTS

SEPTEMBER 15, 2017

The favored narrative about banks and FinTech startups is generally not a love story. Banks represent the old way of handling financial services – and in fairness, they carry a lot of responsibilities that deposit-taking institutions don’t necessarily have. Usually, it is more of an all-out war story.

Banking 79

Banking Education Startups Risk Management 79

PYMNTS

APRIL 30, 2018

According to a Crunchbase article published in February of 2018, investments in blockchain and blockchain-related startups (excluding initial coin offerings, or ICOs) were already 40 percent of what they were in 2017. And in 2017, those investments were off-the-charts nuts. Consider the money being poured into it. Digital Banks.

Banking 73

Banking Investments Concentration Accounting 73

PYMNTS

JUNE 20, 2016

Plaid Technologies announced Monday (June 20) that it had secured $44 million in funding courtesy of a round led by Goldman Sachs Investment Partners. Unfortunately, we’re not disclosing the specific breakdown of the investment. It was a nice reflection of the confidence in the overall financial ecosystem we’re building.

Technology 40

Technology Investments Accounting Banking 40

Barry Ritholtz

NOVEMBER 8, 2022

It is the full history of financial speculation. His latest book could not be more timely, “The Price of Time: The Real Story of Interest,” it’s all about the history of interest rates, money lending, investing speculation, funded by banks and loans and credit. So you study history at Trinity College.

Valuation 57

Valuation Finance Investments Banking 57

PYMNTS

APRIL 29, 2016

It announced an investment in Digital Currency Group, a bitcoin/blockchain startup-focused investment firm, which includes former Treasury Secretary Larry Summers, who is serving as an advisor and also put money up. Western Union just put its toe in the bitcoin/blockchain waters. This includes fines up to $38,000 (2.5

Currencies 42

Currencies Auditing Finance Economics 42

PYMNTS

JULY 20, 2017

In his recent contributed article to The American Banker , Financial InterGroup Advisors’ President Allan Grody shared his thoughts on what’s holding blockchain back from the financial sector. Among his reasoning for this, he highlighted the complexities of the banking system.

Banking 42

Banking Technology B2B Financial Systems 42

PYMNTS

MAY 15, 2017

More than $1 billion was invested in bitcoin ventures in 2015 alone and billions more in the blockchain technologies that underpin the ledgers that record bitcoin transactions. At the same time, experts urge businesses to invest in stronger security controls to protect against the growing threat of cybercrime — clearly sound advice.

Math 62

Math Currencies Startups Concentration 62

Barry Ritholtz

NOVEMBER 28, 2023

And this is everything from securitized credit cards to investing and and beyond. And so my career made another pivot to go from the treasurer of a startup credit card company to being the treasurer of the eighth largest bank in the country. How do you apply confidence to the world of investing? That’s a big, big whack.

Mergers and Acquisitions (M&A) 101

Mergers and Acquisitions (M&A) Banking Economics Investments 101

CFO News Room

DECEMBER 6, 2022

So just most technology has been a little bit more either the pipes and infrastructure of how the financial system runs or something that lets people buy the products that they want to buy because they can just go online and buy it. But there’s this new emergence of advice- and advisor-oriented technology firms.

Planning 130

Planning Budgeting Investments Communication 130