FinTech News

Four of the world largest banks are partnering to develop a digital currency with the aim of creating an industry standard for blockchain-enabled trades and transactions.

SigOpt has raised $6.6m in a Series A round led by Silicon Valley heavy weight Andreessen Horowitz.

Peer-to-peer insurance company Lemonade has raised a new round of funding from XL Innovate, the venture capital arm of insurance firm XL Catlin. The size of the round is undisclosed.

Work management and financial tools startup Scoro has raised $1.9m in a seed round of funding.

Spanish bank BBVA is complaining to the European Commission, expressing its concerns that regulation pertaining to EU caps on bankers' bonuses are damaging its ability to attract tech talent.

Canadian VC firm Impression Ventures has reached a close for its second FinTech fund at C$20m ($15.5m).

South-East Asian payments gateway Coda Payments has raised $2m in a new round of funding from IMJ Investment Partners.

London-based investment management firm Octopus Investments is launching a new FinTech-dedicated accelerator out of its Octopus Labs division.

US bank Capital One is hiring WilmerHale counsel Elijah Alper to take on a role as a FinTech and blockchain specialist.

Digital signature startup Digio has raised $400,000 in a pre-Series A round of funding. The capital for the Bengaluru-based company comes from Rainmatter Technologies.