Indian online tax return platform ClearTax bags $12m SAIF-led Series A
SAIF Partners’ Ravi Adusumalli has led a $12m Series A financing round for Indian online tax filing platform ClearTax.
Xero takes on a fresh $26.4m from Silicon Valley investor TCV
New Zealand Stock Exchange-listed accounting software-maker Xero has landed $26.4m from US late-stage investor Technology Crossover Ventures (TCV). Read more: www.fintechroundup.com
Synechron acquires Cityfront Group
Synechron Inc., a global consulting and technology services provider specializing in the financial services market, has today announced their acquisition. Read more: www.finextra.com
Century-old bank plans digital revamp to fight FinTech
Siam Commercial Bank Pcl, Thailand's oldest homegrown lender, plans to reinvent its mobile digital payment platform. Read more: www.bloomberg.com
FinTech VC Motive Partners launches, backs LMRKTS
Newly established FinTech-focused venture capital firm Motive Partners is launching with its first investment going to portfolio compression startup LMRKTS. Read more: www.fintechroundup.com
In digital banking age, personal touch still matters
Technology has brought transparency and speed to financial interactions, including those between banks and their customers. Read more: www.pymnts.com
Why the uberisation of banking can’t come soon enough
Banks, fully aware of the problem, are responding to the challenge and are under-going significant change programmes – currently 90% of consulting spend goes in the direction of uberization. Read more: www.bankingtech.com
Trading compliance platform Droit bags $16m Series A round
Financial services compliance startup Droit Financial Technologies has picked up $16m of investment led by Goldman Sachs, Pivot Partners and Wells Fargo.
Principal trading firm...
BBVA Compass renews Tsys payments deal
TSYS (TSS) has signed a long-term renewal of its payments services agreement with BBVA Compass to continue processing the bank’s credit card portfolios. Read more: www.finextra.com
Silicon Valley billionaire is doubling on a FinTech startup
Thiel increased his stake in Deposit Solutions as part of the Hamburg-companies 15 million funding round. Read more: uk.businessinsider.com