German FinTech Kreditech Raises $40M at $190M Valuation

Kreditech Raises $40M - the largest funding round ever for a German FinTech Hamburg, Germany, 24 June 2014 – The big data finance company Kreditech has closed a Series B round that raised 40 million USD in primary investment from new and existing global investors. This is the largest funding round ever for a German financial services technology company and one of the largest rounds in Germany in 2014. The lead ... read more


Cloud Wars Dropbox vs Box

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Carlyle closes financial services fund at $1bn – The US firm spent three years on the road.

Carlyle Group has raised $1bn (€734m) for its second fund focusing on investments in financial services after three years on the road. The first financial services fund closed at $1.1bn in 2008, with a view to picking up assets from banks and insurance companies looking to downsize as a result of the financial crisis. However, the prolonged fundraising of the second fund reveals the doubts about the size of the ... read more


Berlin Tech Booming

Berlin's Silicon Allee is challenging London as the next great European tech hub. CB insight looked at Q1’14 tech exits in Europe and have dug into individual European tech ecosystems a bit. Here's their report. We will start with what some are calling the next tech hub of Europe, Berlin. Berlin, dubbed by some as Silicon Allee, has experienced explosive growth over the past two years in technology funding. In ... read more


Barclays & TechStars unveil FinTech Startups

Beating off competition from more than 300 rivals from around the world, 11 fintech startups have scored spots on an accelerator programme run by banking giant Barclays. The 11 startups will arrive at the Barclays Escalator, London's newest open innovation space, next week for the 15-week fintech accelerator programme, which is being run in conjunction with Techstars. More than 300 companies from almost 50 countries worldwide applied for a place ... read more


Richard Branson backs FinTech50 company Transferwise

Great to see this investment from Richard Branson into TransferWise, one of our FinTech50 2013 & 2014 companies.  TransferWise, offers foreign exchange transfers without large bank fees, Read the full story by Mark Scott of  the New York Times Photo credit:  Andrew Testa for The New York Times The British capital is staking a claim as a global leader for financial technology start-ups. On Monday, TransferWise, one of the city’s ... read more


Internet of Things market to hit $7.1 trillion by 2020

By Leon Spencer The global Internet of Things IoT market is expected to grow by more than $5 trillion over the next six years, according to IT research agency, International Data Corporation (IDC). In its study, Worldwide and Regional Internet of Things 2014-2020 Forecast, IDC revealed its prediction that the global IoT market would hit $7.1 trillion by 2020, as people around the word — and particularly in developed nations ... read more


The Silicon Valley of fear – Technology titans pose a growing threat to financial giants

Google, Apple and other Silicon Valley companies pose a growing threat to financial giants as their data collection gives them the information to effectively target customers By James Titcomb Daily Telegraph As one of the most powerful men on Wall Street, Jamie Dimon isn’t the type to scare easily. However, even JP Morgan’s heavyweight chief has admitted to looking over his shoulder at the revolution growing on America’s west coast. “You’d be ... read more