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Venture Funding for FinTech Climbs 62% YOY in the United States
FinTech venture funding continues to increase in the US as a collaboration between PricewaterhouseCoopers and the National Venture Capital Association, based upon data from Thomson Reuters, the MoneyTree report is the only industry-endorsed research of its kind. The MoneyTree Report is the definitive source of information on emerging companies that receive financing and the venture capital firms that provide it.
A total of $520 million was invested in financial services startups last quarter, up from $289 million during the last quarter of 2014 and $321 million, in the same quarter last year — a 62% year-over-year increase — By comparison, venture funding overall fell to $13.4 billion last quarter, from $14.9 billion the previous quarter, although 26% higher than in 1Q14.
In all, PwC recorded 16 financial services funding rounds last quarter, compared to 14 during the previous quarter.
Financial services, which has been a hot VC sector over the last couple of years, ranked No. 6 among all sectors receiving venture funding. Software ranked No. 1. Last on the list of sectors was “Business Products and Services,” with but $6 million of venture funding last quarter. Only five of the 17 sectors PwC tracks saw an increase in dollars invested last quarter; financial services was one of them.
A total of 1,020 venture funding deals were completed last quarter in the US
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Michelle Collins Elected to Deluxe Board of Directors
Deluxe (NYSE: DLX), a trusted Payments and Data company, has announced the election of Michelle T. Collins to its Board of Directors.
Truist Announces Significant Multi-Year Investment in High-Growth Markets
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Narmi and Grasshopper Enable Greater Access to Secure, AI-powered Financial Analysis and Insights Through Claude
Narmi, a digital banking technology developer, and Grasshopper Bank, a client-first, full-service digital bank, have launched a first-of-its-kind Model Context Protocol (MCP) server that will allow Grasshopper's Business Banking clients to access personalized financial analysis and insights through Claude, Anthropic's advanced artificial intelligence (AI) assistant. While Claude is the first integration, this groundbreaking infrastructure sets the stage for seamless connectivity with other leading Large Language Models (LLMs) in the future.
Club Brugge KV Appoints Neo as its Official Foreign Currency Exchange Partner
Club Brugge KV has announced a new five-year partnership with Neo as its Official Foreign Currency Exchange Partner
Coda Completes Acquisition of Recharge, Expanding Global Reach in Digital Content Monetization and Distribution
Coda, a global leader in digital content monetization headquartered in Singapore, has completed its acquisition of Recharge, Europe’s leading prepaid payments platform, headquartered in Amsterdam. This follows Coda’s announcement last month on the signing of a definitive agreement to acquire Recharge.
Work In Fintech and payabl. Partner to Showcase AI at Third Work in Fintech Summit
Work in Fintech (‘WIF’), the social project dedicated to increasing diversity and social mobility for young people in fintech, today announces the return of payabl., one of Europe’s leading financial technology providers, as main sponsor of its third flagship event - The Work In Fintech AI Summit - taking place at Google’s Headquarters in London.
Bitget’s Smarter Speed Challenge Brings MotoGP Online
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Michelle Collins Elected to Deluxe Board of Directors
Deluxe (NYSE: DLX), a trusted Payments and Data company, has announced the election of Michelle T. Collins to its Board of Directors.
Truist Announces Significant Multi-Year Investment in High-Growth Markets
Truist Financial Corporation (NYSE: TFC) today announced a significant strategic growth investment over the next five years to attract new and grow existing client relationships in some of the strongest growth markets in the country.
Narmi and Grasshopper Enable Greater Access to Secure, AI-powered Financial Analysis and Insights Through Claude
Narmi, a digital banking technology developer, and Grasshopper Bank, a client-first, full-service digital bank, have launched a first-of-its-kind Model Context Protocol (MCP) server that will allow Grasshopper's Business Banking clients to access personalized financial analysis and insights through Claude, Anthropic's advanced artificial intelligence (AI) assistant. While Claude is the first integration, this groundbreaking infrastructure sets the stage for seamless connectivity with other leading Large Language Models (LLMs) in the future.
Club Brugge KV Appoints Neo as its Official Foreign Currency Exchange Partner
Club Brugge KV has announced a new five-year partnership with Neo as its Official Foreign Currency Exchange Partner
Coda Completes Acquisition of Recharge, Expanding Global Reach in Digital Content Monetization and Distribution
Coda, a global leader in digital content monetization headquartered in Singapore, has completed its acquisition of Recharge, Europe’s leading prepaid payments platform, headquartered in Amsterdam. This follows Coda’s announcement last month on the signing of a definitive agreement to acquire Recharge.
Work In Fintech and payabl. Partner to Showcase AI at Third Work in Fintech Summit
Work in Fintech (‘WIF’), the social project dedicated to increasing diversity and social mobility for young people in fintech, today announces the return of payabl., one of Europe’s leading financial technology providers, as main sponsor of its third flagship event - The Work In Fintech AI Summit - taking place at Google’s Headquarters in London.
Bitget’s Smarter Speed Challenge Brings MotoGP Online
Bitget, the world’s leading cryptocurrency exchange and Web3 company, is revving up for the second half of the MotoGP season with the official launch of the Smarter Speed Challenge, an online racing mini-game built to bring an adrenaline rush to the fingertips of both Web2 and Web3 users. Flagging off on August 18, this campaign blends online gameplay with real-world perks. Users can climb live online leaderboards for their chance at a share of 66,000 USDT, a paid trip to meet five-time world champion Jorge Lorenzo and exclusive 2026 MotoGP VIP Passes.