FinTech News

FinTech startup Finova Financial, which runs an auto title lending platform, has raised $52.5m in debt and equity from venture capital and other investors.

FinTecSystems, a Munich-based provider of real-time financial data, has closed a Series A round.

Finish banking service Holvi is partnering with mobile point-of-sale (mPOS) solution SumUp to serve small businesses in Germany.

Kubo.financiero, a Mexican peer-to-peer lending platform, has raised $7.5m in its Series A round of funding.

Social Finance (SoFi) is hoping to shake off the recent slump in the online lending space and raise half a billion dollars in a new equity round, according to reports.

Financial service firm TIAA is acquiring online lender EverBank for $2.5bn, as the firm seeks to build out its banking services.

German insurance giant Allianz has hired a new CEO for its InsurTech incubator Allianz X. Peter Borchers will join the firm from Deutsche Telekom, where he founded the company’s hub:raum incubator.

Digital banking startup Airbanq has raised $2.5m in a seed round of funding to bring financial services to under banked consumers.

Spanish banking giant BBVA has announced the 56 finalists for its eighth Open Talent competition that aims to seek out and support new FinTech startups and innovations.

Bitspark, a Hong Kong-based remittance service that leverages bitcoin and blockchain technology is partnering with direct marketing and e-commerce firm Vitaxel