If you take a look at all the news about fintech startups, you might get a feeling that the new financial services are built for retail clients and not for businesses. However, these are the entrepreneurs who may become drivers of fintech. We should clarify what exactly do we mean by ‘SME’.
Serguei Netessine is Timken Chaired Professor of Global Technology and Innovation at INSEAD (Singapore campus), and Research Director of INSEAD-Wharton Alliance. He is angel investor, startup advisor, industry consultant and speaker on entrepreneurship and innovation. His recent book “The Risk-Driven Business Model: Four Questions that will Define your Company” was published by Harvard Business Press in 2014. (more…)
For centuries, banking has remained fundamentally unchanged. For the first time in banking, the online marketplace makes it possible for a third party to match idle supply and demand. As a result, lenders and borrowers can now find one another and agree to terms – all without the involvement of retail banks or credit card companies.
By Shiwen Yup for DealStreetAsia
Singapore-based fintech venture capital firm Life.SREDA saw the pioneer cohort of its InspirAsia fintech accelerator hold their demo day in conjunction with the opening of their co-working space earlier this month. (more…)
In many countries crowdinvesting took off with issuers offering financial securities to investors and thus granting returns in the form of interests, dividends, and/or parts of the earnings of the business. Today, a large range of portals has been set up to facilitate the matching between entrepreneurs and the investing crowd.
by Roger Peverelli and Reggy de Feniks, founders of Digital Insurance Agenda and DIA Barcelona
VC investments in insurance fintech firms quadrupled compared to 2014. NYC health insurance start-up Oscar became the posterchild for customer engagement, the proof that insurance could be made sexy.
By Karen Mok for TechinAsia.com
Stripe is one of the most beloved startups in Silicon Valley. Stripe has been a definitive success in the US, but it’s looking beyond those borders in its next phase of growth. Asia is a clear contender – it has about half of the world’s smartphone users and is predicted to see the fastest e-commerce growth in the world in the years to come.
By Erin Hobey for Crowdfundinsider.com
Almost one third of Americans are likely to be using a technology provider and not a bank for the majority of their financial services activity in just five years time, according to a new report launched by TransferWise, the peer-to-peer international money transfer platform. (more…)
E27: Meet the first 8 startups chosen for InspirAsia – Life.SREDA’s fintech post-accelerating programme: Softpay (Vietnam), Mobikon (Singapore), Rev (Malaysia), StoreHub (Malaysia), HotTab (Vietnam), Ayannah (Philippines), HomePay (Singapore), TIDE (Malaysia). Singapore-based fintech venture capital firm, Life.SREDA, has announced eight startups selected for its InspirAsia accelerator programme. Each startup that joins the VC fund’s 30-180-day pre-series A accelerator programme, which kicks off in September, will receive between $50,000 and $500,000 in funding, depending on the stage of the startup, in return for 5% to 15% equity, besides $250,000 in support services. At the end of the programme, the fund can decide on additional funding or bridge fundraising from other VCs from its network. (more…)
Bloomberg: Square, the mobile-payments company founded and led by Jack Dorsey, the interim CEO of Twitter, filed confidentially for an IPO, people with knowledge of the matter said. Square has been working with Goldman Sachs Group, Morgan Stanley and JPMorgan Chase on the IPO, said the people, who asked not to be identified because the process is private. (more…)