Road to growth for Grab as it expands from ride-hailing to financial services in south-east Asia

The financial and technological landscape for Singapore-based ride-hailing company Grab has altered dramatically since its inception six years ago. Grab has expanded its business model beyond simply matching drivers and customers via its app, to offer services in several new areas, as it builds a lifestyle platform around its brand. Its app-based ecosystem spreads from ride-hailing to bike sharing and food delivery, serving a community of millions of users. Financial services has been the next critical step with the launch of GrabPay, its mobile wallet service that is expanding the reach of its brand.

Road to growth for Grab as it expands from ride-hailing to financial services in south-east Asia

Oct 08, 2018

The financial and technological landscape for Singapore-based ride-hailing company Grab has altered dramatically since its inception six years ago. Grab has expanded its business model beyond simply matching drivers and customers via its app, to offer services in several new areas, as it builds a lifestyle platform around its brand. Its app-based ecosystem spreads from ride-hailing to bike sharing and food delivery, serving a community of millions of users. Financial services has been the next critical step with the launch of GrabPay, its mobile wallet service that is expanding the reach of its brand.

Fintech Debitum Network launches blockchain-powered small business loans offering

Fintech startup Debitum Network has launched a platform to connect global investors with small businesses seeking short-term loans. The launch comes six months after Debitum Network raised more than $17 million in its initial coin offering (ICO) and follows through on the startup’s promise to launch within half a year. The Lithuania-based company aims to tackle a shortage of funding for small businesses through its platform, known as Abra 1.0.

Fintech Debitum Network launches blockchain-powered small business loans offering

Sep 27, 2018

Fintech startup Debitum Network has launched a platform to connect global investors with small businesses seeking short-term loans. The launch comes six months after Debitum Network raised more than $17 million in its initial coin offering (ICO) and follows through on the startup’s promise to launch within half a year. The Lithuania-based company aims to tackle a shortage of funding for small businesses through its platform, known as Abra 1.0.

Peru pushes for fintech regulations

A Peruvian politician has submitted a bill to the country’s congress declaring that fintech regulations should be established as a national priority. Lourdes Alcorta Suerto (pictured), of the Fuerza Popular party, called for the move as “a matter of national interest”. Fuerza Popular holds a majority in the country’s unicameral congress.

Peru pushes for fintech regulations

Sep 26, 2018

A Peruvian politician has submitted a bill to the country’s congress declaring that fintech regulations should be established as a national priority. Lourdes Alcorta Suerto (pictured), of the Fuerza Popular party, called for the move as “a matter of national interest”. Fuerza Popular holds a majority in the country’s unicameral congress.

Volvo global investment fund supports hi-tech start-ups

Volvo Cars has launched a new fund aimed at investing in high-potential technology start-ups around the globe. The aim of the Volvo Cars Tech Fund is to invest in strategic technology trends that are transforming the automotive industry, such as artificial intelligence, electrification, autonomous driving and digital mobility services. The Tech Fund’s first strategic investment is a seed round investment into a California-based technology firm developing advanced sensors.

Volvo global investment fund supports hi-tech start-ups

Mar 24, 2018

Volvo Cars has launched a new fund aimed at investing in high-potential technology start-ups around the globe. The aim of the Volvo Cars Tech Fund is to invest in strategic technology trends that are transforming the automotive industry, such as artificial intelligence, electrification, autonomous driving and digital mobility services. The Tech Fund’s first strategic investment is a seed round investment into a California-based technology firm developing advanced sensors.

Start-ups offer ‘fintech supermarket’ to established players

Established finance providers are using a vast array of start-ups as a breeding ground of innovation to accelerate their own digitalisation developments through acquisition and partnerships, according to a new report. The report, 'Beyond Fintech: A pragmatic assessment of disruptive potential in financial services', argues that while fintechs have changed the basis of competition in financial services, they have yet to materially alter the competitive landscape.

Start-ups offer ‘fintech supermarket’ to established players

Nov 13, 2017

Established finance providers are using a vast array of start-ups as a breeding ground of innovation to accelerate their own digitalisation developments through acquisition and partnerships, according to a new report. The report, 'Beyond Fintech: A pragmatic assessment of disruptive potential in financial services', argues that while fintechs have changed the basis of competition in financial services, they have yet to materially alter the competitive landscape.

Fintech firm MarketInvoice enters business loans market

Fast-growing fintech firm MarketInvoice has launched a new business loans service that expands its solutions beyond invoice finance. Businesses will now be able to obtain unsecured business loans from £10,000 to £100,000 over a 12-month term, with no early repayment fees.

Fintech firm MarketInvoice enters business loans market

Nov 01, 2017

Fast-growing fintech firm MarketInvoice has launched a new business loans service that expands its solutions beyond invoice finance. Businesses will now be able to obtain unsecured business loans from £10,000 to £100,000 over a 12-month term, with no early repayment fees.

Fintech start-up Fair wins BMW funding

Fintech start-up Fair, which offers a fully-digital, flexible leasing app, has announced it is closing a strategic funding round led by BMW i Ventures that includes investments from Penske Automotive Group and other strategic investors. Fair plans to grow its presence from Los Angeles to the rest of California by the end of 2017, and to other selected US markets through 2018. Fair customers can order a ready-to-pick-up pre-owned car from anywhere in minutes, without any physical paperwork, by scanning their driver’s license, linking a bank account, and signing in the app.

Fintech start-up Fair wins BMW funding

Oct 25, 2017

Fintech start-up Fair, which offers a fully-digital, flexible leasing app, has announced it is closing a strategic funding round led by BMW i Ventures that includes investments from Penske Automotive Group and other strategic investors. Fair plans to grow its presence from Los Angeles to the rest of California by the end of 2017, and to other selected US markets through 2018. Fair customers can order a ready-to-pick-up pre-owned car from anywhere in minutes, without any physical paperwork, by scanning their driver’s license, linking a bank account, and signing in the app.

Fintech disruptor Cazana plans 2018 launch in US

Auto fintech disruptor Cazana has held talks with potential investors and customers in the US as part of expansion plans that could more than triple its size. Cazana is currently the UK’s largest car search and indexing engine for used cars, having amassed data on all 37 million cars on the road and obtaining values for 98% of them. It currently has 600,000 UK vehicles listed for sale on its website.

Fintech disruptor Cazana plans 2018 launch in US

Oct 24, 2017

Auto fintech disruptor Cazana has held talks with potential investors and customers in the US as part of expansion plans that could more than triple its size. Cazana is currently the UK’s largest car search and indexing engine for used cars, having amassed data on all 37 million cars on the road and obtaining values for 98% of them. It currently has 600,000 UK vehicles listed for sale on its website.

Fintech firms collaborate to help client cashflow

Two fintech firms are collaborating to help SMEs identify impending cashflow problems and obtain the funding required to return them to health. CaFE, a cashflow monitoring application, is partnering with FloFunder from invoice finance company PeerPay, a platform that matches firms requiring cash with businesses or individuals who are willing to invest.

Fintech firms collaborate to help client cashflow

Oct 04, 2017

Two fintech firms are collaborating to help SMEs identify impending cashflow problems and obtain the funding required to return them to health. CaFE, a cashflow monitoring application, is partnering with FloFunder from invoice finance company PeerPay, a platform that matches firms requiring cash with businesses or individuals who are willing to invest.

Ford fintech trial opens door to $1.4 trillion auto finance market

Ford is developing plans to launch machine learning-based credit approvals in its auto finance business following successful trials in a move which could unlock a $1.4 trillion market of consumers who might otherwise be denied loans.

Ford fintech trial opens door to $1.4 trillion auto finance market

Aug 30, 2017

Ford is developing plans to launch machine learning-based credit approvals in its auto finance business following successful trials in a move which could unlock a $1.4 trillion market of consumers who might otherwise be denied loans.