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100

Payoneer opens London office

By Payoneer,

Payoneer, a leading cross-border payments company transforming the way businesses send and receive funds globally, officially unveiled a new office today in London. (more…)

Global trends, Payment processors/providers/gateways

June 21, 2017

126

Oscar Health is headed back to New Jersey and branching out to Ohio and Tennessee

by  for Techcrunch

Oscar Health seems to be expanding rather than shrinking in the next year. Despite worries that the Affordable Care Act wasn’t working out for health insurance companies, Oscar has filed to expand in 2018, adding the states of Ohio and Tennessee, expanding in Texas and California and heading back to New Jersey, where it pulled out at the beginning of this year. (more…)

Global trends, Hotnews, Insurance

June 21, 2017

Watch Tim Cook, Jeff Bezos, and other tech execs give Trump advice on how to modernize government

On Monday President Trump met with his American Technology Council for the first time to discuss ways to “transform and modernize” the government’s use of IT services. The council includes Apple CEO Tim Cook, Microsoft CEO Satya Nadella, and Amazon CEO Jeff Bezos, among others. You can read some of the advice the tech execs gave Trump here, or now you can watch much of the meeting thanks to this 20-minute video the White House has released. (more…)

Global trends

June 21, 2017

113

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

263

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

178

WePay And The Evolution Of Payments

By PYMNTS

It was not a terribly long time ago that many very familiar companies were understood and defined, well, very familiarly, WePay Co-Founder Rich Aberman told Karen Webster in a recent conversation. Apple was a hardware company, Microsoft was a productivity software platform, Amazon was an eCommerce retailer selling books and Google was a search platform. (more…)

Global trends, Payment processors/providers/gateways

June 20, 2017

256

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

146

Banking the unbanked in emerging markets

by  for TechCrunch

As countries progress, citizens migrate from remote villages to large cities and foreign countries. Their economic power rises and they participate in the global economy. (more…)

Banks, Global trends, Hotnews

June 20, 2017

UK Fintech Company PayBreak Secures 24.5 Million Investment Through Fundraising Round

By Samantha Hurst for Crowdfund Insider,

London-based fintech company, PayBreak, announced it raised £24.5 million during its latest fundraising round. According to the company, the round was supported by existing shareholders and saw new investors as well. Speaking about the round, managing director of PayBreak, Julia Throop stated: (more…)

Crowdfunding/investing, Deals, Global trends

June 20, 2017

146

PayPal small business financing scheme advances £400 million in working capital

By PayPal

Today PayPal revealed its small business financing scheme has provided more than £400 million to British small businesses. (more…)

Global trends, Payment processors/providers/gateways

June 20, 2017

144

Open banking rules to trigger new wave of challengers

Tech companies, retailers and price comparison websites could become major banking brands says Deloitte on the release of research which reveals that a significant number of consumers who already use mobile banking would be willing to share data with traditional retailers. (more…)

Banks, Global trends, Hotnews, Influences FinTech

June 20, 2017

137

Klarna granted full banking licence

By Klarna,

Klarna is proud to announce that it has been granted a full banking licence by Finansinspektionen, the Swedish Financial Supervisory Authority. (more…)

Global trends, Hotnews, Payment processors/providers/gateways

June 20, 2017

Raising Tokens to Build a Company or an Ecosystem?

We need to keep thinking of new roles for the token. I’ve already outlined about 20 such roles in this previous post, Tokenomics: A Business Guide to Token Usage, Utility and Value. (more…)

Deals, Global trends

June 16, 2017

237

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

322

Analyzing Token Sale Models

By Vitalik Buterin for his blog

Note: I mention the names of various projects below only to compare and contrast their token sale mechanisms; this should NOT be taken as an endorsement or criticism of any specific project as a whole. It’s entirely possible for any given project to be total trash as a whole and yet still have an awesome token sale model. (more…)

Blockchain, Cryptocurrencies, Global trends, Hotnews

June 15, 2017

187

India’s MobiKwik is raising new funding at $1B valuation to battle payment rival Paytm

By John Russel for TechCrunch

With high-profile investments from Alibaba and SoftBank fueling an impressive growth story since demonetization last year, you could be forgiven for thinking that Paytm has India’s payments market sewn up. But at least one company will agree to differ on that. (more…)

eWallets, Global trends, Hotnews, InspirAsia

June 15, 2017

242

Regtech Poised To Take Off In Southeast Asia

By Fintech News. SG

Regtech is earning regulatory endorsement all around the world, including in Asia-Pacific, where initiatives in locations such as Hong Kong, Japan, Singapore and Australia are being launched to address compliance and regulatory challenges more efficiently. (more…)

Global trends, Hotnews, InspirAsia, RegTech

June 15, 2017

153

Will words and gestures replace plastic cards and cash?

The man who invented an early form of text messaging for fixed line networks while working at BT believes that in the future people will use words and gestures to pay for transactions, ditching payment cards altogether. (more…)

Global trends, Hotnews, Security

June 15, 2017

183

SaaS Fundraising In 2017

By Tomasz Tunguz from Redpoint Ventures for his blog

When I analyzed the SaaS fundraising market in 2016, three trends emerged. (more…)

Columns, Global trends, Hotnews

June 14, 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

187

Fintech Global Research: 70% Total Capital 2017 1Q Raised by Private European FinTech Concentrated in 6 Cities. Guess Which...

by Erin Hobey for Crowdfund Insider,

70% of the total capital raised by all private European Fintech companies in 2017 1Q went to companies based in … have you written your list? — London, Berlin, Stockholm, Paris, Barcelona and Amsterdam, according to research released by Fintech Global. (more…)

Analytics, Global trends

June 14, 2017

161

R3 Corda enters public beta

By R3

As reported last month, R3 has just completed the first two of three tranches of our Series A funding round, raising $107m to fund the development of Corda, our distributed ledger platform designed from the ground up for the needs of commerce.

(more…)

Blockchain, Cryptocurrencies, Global trends

June 12, 2017

197

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

BankThink Banks are more trustworthy data guardians than Google

The Google company logo sits on revolving doors.By Chris Skinner

Someone made an interesting comment about Google recently: Banks can attack Google’s soft underbelly. (more…)

Global trends

June 12, 2017

110

Uber Might Acquire Engineering Team From Car Valet Startup Luxe

(more…)

Global trends

June 12, 2017

189

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

185

SoftBank buys Alphabet’s robotics businesses Boston Dynamics and Schaft

By Reuters,

Japan’s SoftBank Group Corp said on Friday that a unit of the company will buy two firms that build walking robots from Alphabet Inc , which would add to the group’s growing artificial intelligence portfolio. (more…)

AI / Machine Learning / Big Data, Deals, Global trends

June 9, 2017

163

OurCrowd Sets Up Tech Incubator in Israel with the Backing of Motorola, Reliance Industries & Yissum

OurCrowd, a leading equity crowdfunding platform, has partnered with Motorola Solutions (NYSE: MSI), Reliance Industries (NSE: Reliance) and Yissum Technology Transfer Company of the Hebrew University of Jerusalem, to operate an “innovation technology incubator” that will support the growth of early stage startups in Jerusalem. (more…)

Accelerators/Incubators/Labs, Crowdfunding/investing, Global trends, Hotnews, InspirAsia

June 9, 2017

291

At $3 Billion in Loans, Amazon is Quickly Becoming a Huge SME Lender

By Crowdfund Insider

Amazon (NASDAQ:AMZN) announced today that it had originated over $3 billion in loans to more than 20,000 small businesses since 2011. One billion of those loans came in the past 12 months. Peyush Nahar, VP for Amazon Marketplace, released a statement on the milestone; (more…)

Global trends, p2p/online lending, SME

June 9, 2017

431

What is machine learning debt?

By Matthew Kirk for O’Reilly Blog

We truly live in an exceptional point in history. The ability to ask your TV to queue up the next episode of Game of Thrones, or to have it “learn” what you like to watch, and then suggest new options, is staggering. For years, companies have latched on to the trend of utilizing machine learning algorithms for great effect, whether it’s trading on Wall Street or recognizing cat images. (more…)

AI / Machine Learning / Big Data, Global trends

June 9, 2017