FinTech News Issue #15 April 23rd, 2015

FinTech Articles

    It feels like Number26 opened its doors yesterday, but the young startup just raised a $10.6 million Series A round (€10 million) from Peter Thiel’s Valar Ventures, with Daniel S. Aegerter and existing investors Earlybird and Redalpine also participating.

    A fintech start-up that helps banks and trading firms modernise their desktop software has raised $3 million in its latest round of fundraising, landing investments from three U.S. venture capital firms and several former finance-sector executives.

    OpenFin, a provider of HTML5 runtime technology for the financial industry, has raised $3 million in a funding round joined by high-profile individuals including Cris Conde and Tom Glocer.

    OKCoin, the largest Chinese yuan (CNY) bitcoin exchange by volume, has announced the launch of an ambitious new wallet product it hopes will encourage the wider industry to rethink its attempts to reach mainstream consumers.

    Europe was the fastest-growing region for financial technology (fintech) ventures globally between 2013 and 2014, according to a report from Accenture...Europe saw a growth rate of 215% reaching $1.48bn in 2014.

    The U.K. and Ireland are fast becoming a force in the latest software revolution — fintech, with investment in technology that provides financial services more than tripling in the region, according to the latest report.