Tech Giants Google & Intel Are the Biggest Corporate Investors in Fintech
Google and Intel have concluded 37 and 16 deals respectively since 2010 and are the most active corporate investors in the fintech space, according to new findings from CB Insights. In 2014, US$1.4 billion was injected into the fintech (financial technology services) space, highlighting investors' growing appetite for the industry. This number is expected to double in 2015, says CB Insights, a service that tracks venture capital activities. While financial services firms such as Citi, MasterCard, or American Express, have all massively invested in the space on the likes of Mozido, Dynamics....
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Israel may soon become one of the important fintech hubs in the world, thanks to the collaboration between the Floor and Intel. Intel Corporation (NASDAQ: INTC), the semiconductor giant has joined hands with The Floor, a fintech hub located at the Tel Aviv Stock Exchange to start its own fintech innovation hub in Israel. According to an announcement made by the company on Sunday, the fintech innovation hub will be Intel’s foray into the fintech solutions sector, following the increasing demand for bitcoin and blockchain based solutions by banking and financial organizations. Tel Aviv,....
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Computer chip manufacturer Intel Corp. has revealed it holds a stake in the leading U.S. cryptocurrency exchange, Coinbase. The tech giant purchased the shares worth almost $800,000 after the digital asset trading platform went public earlier this year. Intel Acquires Shares of Crypto Exchange Coinbase Intel has disclosed it owns Coinbase stock in a quarterly report submitted to the U.S. Securities and Exchanges Commission (SEC) on Friday. The Santa Clara, California-based technology company bought the stake following the listing of the cryptocurrency exchange this spring. According to....