MENU

Fintech news
Category

10 days break!

Hey FintechRanking readers! From tomorrow 16th of July, I’ll have a 10 days break and won’t be posting (much) new content, so we’ll all have a break. Disappointing, I know. But I’ll surely catch up afterwards and won’t make you uninformed of anything special in the industry! Au revoir!

Fintech news

July 15, 2017

303

International RegTech Association Launches, Lists Executive Board Members

The non-profit International RegTech Association (IRTA), incorporated in Switzerland in May, has launched to provide a united community of individuals and organizations, with a shared vision to innovate, advance, and influence the future of Regulatory Technology (Regtech).  Regtech is a vital aspect of financial services. On one side, regulators may more easily access the information necessary to accomplish their goals. Correspondingly, platforms may significantly streamline the compliance with mandated rules. (more…)

Fintech news

July 11, 2017

253

China Rapid Finance: 20 Million in Cumulative Loans Facilitated Since Marketplace Lending Platform Inception

China Rapid Finance announced on Monday it has exceeded 20 million cumulative loans facilitated since its marketplace lending platform launch. According to the lender, this new milestone demonstrates accelerating the growth of its consumer marketplace due to the fact that the number of facilitated loans has nearly doubled within the past six months from 10.7 million cumulative loans as of the end of 2016. (more…)

Deals, Fintech news, Global trends, p2p/online lending

July 11, 2017

263

CompareAsiaGroup scores $50M from investors including IFC, Alibaba and Goldman Sachs

By Catherine Shu for Techcrunch.com

CompareAsiaGroup, which runs online financial marketplaces in seven Asian countries, has closed a $50 million Series B. The round was led by the International Finance Corporation (IFC), a member of the World Bank Group, and includes capital from new investors Alibaba, SBI Group and H&Q Utrust. Returning investors like Goldman Sachs Investment Partners, which led CompareAsiaGroup’s $40 million Series A in 2015, Nova Founders Capital, ACE & Company and Route 66 Ventures, also participated. (more…)

Fintech news, Global trends, Hotnews

July 11, 2017

239

Snap falls below its IPO price for the first time

By Katie Roof for Techcrunch

Oh Snap. (more…)

Fintech news, Global trends

July 11, 2017

383

Thomson Reuters Launches Blockchain Startup Incubator

In a recent press releaseThomson Reuters, the behemoth news and information company, announced the formation of a new startup tech incubator designed to help facilitate up and coming technological innovation including Blockchain. (more…)

Accelerators/Incubators/Labs, Blockchain, Fintech news, Global trends

July 10, 2017

155

N26 to bring Apple Pay to Spanish customers

By n26

When we recently broke the news that we’ll be bringing Apple Pay to Italy, we received dozens of messages asking when we might introduce it to more countries. (more…)

Banks, Deals, Fintech news, Global trends, Mobile-first banks

July 10, 2017

141

IZettle eyes IPO

Having doubled revenues and slashed losses last year, Swedish mPOS outfit iZettle says that it is preparing for a potential IPO. (more…)

Fintech news, Hotnews, InspirAsia, Payment processors/providers/gateways, POS/mPOS and online acquiring

July 10, 2017

156

Patterns In Startup M&A Processes

By Tomasz Tunguz from Redpoint Ventures for his blog

At some point in the life of your company, you may consider selling the business. Every acquisition process might run a little bit differently, but these are some of the patterns that I have observed after about nine years in the venture business, and also having evaluated a handful of acquisitions when I was at Google. (more…)

Deals, Fintech news, Global trends, Hotnews

July 10, 2017

171

Omise acquires online payment business Paysbuy from Thai operator Dtac

By Jon Russel for techCrunch

It isn’t often that you see startups buying chunks of large corporates, but that’s what has happened in Thailand this week. (more…)

Deals, Fintech news, Global trends, Payment processors/providers/gateways

July 6, 2017

New Milestone: Peer-to-Peer Lender Flender Celebrates First Wave of Successfully Funded SME Loans

By Samantha Hurst

The recently launched peer-to-peer lending platform, Flender, announced on Thursday it is celebrating the successful funding of its first batch of SME loans. According to the online lender, companies that received their requested funding include one of Europe’s fastest growing lingerie retailers, a café, and coffee roasting chain, a further education provider and developers of non-toxic disinfectant technology. (more…)

Fintech news, Global trends, p2p/online lending

July 6, 2017

On Path Independence

By Vitalik Buterin from his blog

Suppose that someone walks up to you and starts exclaiming to you that he thinks he has figured out how to create a source of unlimited free energy. His scheme looks as follows. First, you get a spaceship up to low Earth orbit. (more…)

Columns, Fintech news

July 4, 2017

154

Funding Circle Update: £800M Lent in Last 6 Months, Sean Glithero Leaves Auto Trader to Join as CFO

Funding Circle, a leading lending platform for small businesses, today announced that Sean Glithero will join the company as its new global Chief Financial Officer. This appointment follows a record-breaking first half of 2017 for Funding Circle with approximately £800 million lent to 8,000 businesses across the UK, US, Germany and the Netherlands, with the UK business profitable. (more…)

Fintech news, p2p/online lending

July 3, 2017

193

Personal Finance And Insurance Are Oversaturated. Regtech Is The New Opportunity

The least sexy areas of fintech — compliance, fraud, and infrastructure — may be the ones that hold the most potential for future expansion. (more…)

Fintech news

July 3, 2017

132

Banks Face $17B Brexit Bill

The Brexit could cost U.K. banks around $17 billion as they look to reshuffle various activities to different points in Europe, according to a study from the Association for Financial Markets in Europe. The study further notes that those costs will likely act as a weight on bank profits for the next several years. (more…)

Banks, Fintech news, Global trends

July 3, 2017

361

UK banking app transaction numbers soar

Brits are increasingly relying on banking applications to manage their money, with nearly 40% of adults using apps in 2016 and transactions rising by 57% during the year. (more…)

Banks, eWallets, Fintech news, Global trends

June 29, 2017

Deutsche Börse Launches Fintech Hub

Deutsche Börse‘s Venture Network is seeking to help German startups by making the financing stage easier for both founders and investors. Their focus is on companies in the pre-IPO phase. This allows Deutsche Börse to support new companies with a true potential for a substantial impact on growth in both Germany and Europe. By focusing on companies in this stage rather than earlier, they can assure that the money invested is more likely to have a significant impact on the German market. (more…)

Accelerators/Incubators/Labs, Fintech news, Global trends, Government activities

June 29, 2017

203

Ukraine Utilizing Blockchain in Land Transfers

The Ukrainian government is the latest in a string of governments and international groups around the world to implement Blockchain solutions to solve problems they’re facing in financial markets. (more…)

Fintech news, Global trends, Hotnews

June 26, 2017

184

Cambodia, Soramitsu Planning Distributed Ledger System

Soramitsu Co., the Japanese Blockchain identity company, has indicated that they are partnering with the National Bank of Cambodia to test distributed ledger technology in creating new and innovative payment methodologies. (more…)

Fintech news, Government activities, Hotnews

June 26, 2017

Starling Bank passports to Europe, first stop Ireland

By Steve O’Hear for TechCrunch,

London-based Starling Bank is continuing to gather momentum. After a staggered launch of its current account kicked off in March, the digital-only bank is announcing imminent expansion to Europe, starting with the Republic of Ireland where it has attained a so-called “banking passport”. (more…)

Fintech news, Mobile-first banks

June 26, 2017

Doing The Heavy Lifting

By Fred Wilson from Union Square Ventures

Most venture capital investments are made, over time, by syndicates. This means a group of venture capital firms develops around a company, usually built over multiples rounds. Some of the firms in the syndicate agree to (or require) having a partner from their firm join the Board of the company. (more…)

Fintech news, Global trends, Influences FinTech

June 26, 2017

Amazon + Whole Foods = $1T

By Scott Galloway for Seekingn Alpha

Amazon’s (NASDAQ:AMZN) acquisition of Whole Foods (NASDAQ:WFM), should it close, is the white flag (the kind signaling one lap to go, vs. surrender) in Amazon’s march to a trillion. This transaction will be to retail what Facebook’s (NASDAQ:FB) acquisition of Instagram was to media – the deal everyone wishes they had done. Amazon will reach $1T in value in the next 36 months, at the expense of…everyone. (more…)

Fintech news, Global trends

June 26, 2017

216

Soldo, a London fintech startup that offers a multi-user spending account, raises $11M led by Accel

By Steve O’Hear for Techcrunch

Soldo, the London-based fintech startup that offers a multi-user spending account, first launched for consumers and since tailored to businesses too, has raised $11 million in Series A funding. Venture Capital firm Accel led the round, with participation from Connect Ventures, InReach Ventures, U-Start and R204 Partners. (more…)

Fintech news, Global trends, Hotnews, Open Source/ API

June 21, 2017

510

Should Startups Care About Profitability?

By Mark Suster from Upfront Ventures

There are certain topics that even some of the smartest people I talk with who aren’t startup oriented can’t fully grok. One of them is whether profitability matters. (more…)

Columns, Fintech news, Global trends

June 20, 2017

371

Why Amazon’s Acquisition Of Whole Foods Matters For Startupland

By Tomasz Tunguz from Redpoint Ventures for his blog

Amazon’s acquisition of Whole Foods is notable for many reasons. Of course, there’s the magnitude $13.7B. The second is the shockwaves reverberating through the grocery industry. Costco fell 10% and Kroger almost 25% on the news. Third, the acquisition underscores the importance of physical retail even to the largest American ecommerce giant. Those are all remarkable in their own right. (more…)

Deals, Fintech news, Global trends, Hotnews

June 20, 2017

327

Alibaba is in talks to invest in Uber’s Southeast Asia rival Grab

By Jon Russel for Techcrunch

Alibaba could substantially increase its business interests in Southeast Asia with an investment in Uber rival Grab. (more…)

Fintech news, Global trends

June 16, 2017

Fiserv to Acquire Monitise for $89 Million

By Julie Muhn for Finovate

Financial services company Fiserv has agreed to acquire U.K.-based Monitise for 2.9 pence per share, which equates to $89 million. (more…)

Deals, Fintech news, Global trends, Payment processors/providers/gateways

June 14, 2017

Fundbox Launches New Small Business Product “Direct Draw”

 

By

Fundbox, a cash flow optimization tool platform for small businesses, announced on Tuesday the launch of its new product, Direct Draw. According to the company, the Direct Draw product allows small businesses to easily apply for credit with just a business bank account, without requiring their personal credit to get started. (more…)

Deals, Fintech news

June 14, 2017

276

Former UBS innovation lead establishes cryptocurrency fund

By Cryopto Fund

Europe’s first diversified Cryptocurrency Fund Crypto Fund AG is launching the Cryptocurrency Fund, which will be based on the Cryptocurrency Index, investing in the most important cryptocurrencies such as Bitcoin, Ether, Ripple, and other well-established cryptocurrencies. (more…)

Blockchain, Deals, Fintech news, Global trends

June 12, 2017

263

Shopify: Cash Is Cash, M&A Is Upside

From Seeking Alpha Blog

Summary:

  1. Shopify is now flush with cash with over $900 million. We only value the cash as cash. If the company makes more acquisitions like Kit, it could be worth much more.
  2. We expect 10% long-term annual returns on our money. At a 10% discount rate, our fair value is adjusted to $90/share from $91/share post equity raise.
  3. Other investors with access to cheaper money or with lower expectations for long-term returns could calculate a higher fair value than us.
  4. With an 8-9% discount rate, our model yields a share price between $109 and $136.

(more…)

Fintech news, Global trends

June 9, 2017