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Tokenised funds to reshape PE/VC fundraising

Initial coin offers (ICOs) and the emergence of tokenised funds — represented by the issue of equity tokens — are set to reshape the dynamics of how private equity (PE) and venture capital (VC) fund managers raise capital, bringing greater transparency and democratisation to the fund management space. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

July 6, 2018

Paysend closes $20 million funding round

Paysend, the business targeting a global payments revolution, has closed a $20 million funding round, led by investment firm MARCorp Financial. (more…)

Fintech news, Global trends

July 4, 2018

Cryptocurrency Regulation Update (July 2018)

By Phil Glazer for his blog,

This piece is part of a monthly series covering regulatory updates related to cryptocurrencies (here are the updates from AprilMay, and June). Although prices have continued to fall over the past month, recent statements from regulators have been positive, particularly comments from the SEC clarifying that Ethereum is not a security. This piece provides important regulatory updates since the June piece, broken down by developments in the United States and the rest of the world.

(more…)

Cryptocurrencies, Fintech news, Global trends

July 2, 2018

Why the Structure of Andreessen Horowitz’s New $300 Million Crypto Fund Matters

Chris Dixon, general partner at Andreessen Horowitz, has led the venture capital firm's crypto investments to date. Dixon is spearheading the firm's new $300 million fund, called a16z crypto, alongside a new general partner, Kathryn Haun (not pictured).
Chris Dixon, general partner at Andreessen Horowitz, has led the venture capital firm’s crypto investments to date. Dixon is spearheading the firm’s new $300 million fund, called a16z crypto, alongside a new general partner, Kathryn Haun (not pictured).

It seems like forever ago when I wrote about traditional venture capitalists and their role in the brave new world of cryptocurrency. It’s only been eight months, but a lot has changed.

(more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

July 2, 2018

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JPMorgan Chase begins nationwide roll-out of mobile-only bank

JPMorgan Chase is taking its mobile-only banking offshoot Finn nationwide following its debut in St. Louis in October. (more…)

Banks, Fintech news, Global trends, Hotnews

June 29, 2018

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PayPal Checkout adds smart payment buttons

At PayPal, we’re building solutions for global commerce to help consumers and businesses seamlessly connect across all contexts. (more…)

Global trends, Hotnews

June 29, 2018

SigFig Raises $50 Million in Series E

Automated wealth management advisory specialist SigFig has raised $50 million in new funding in a round led by General Atlantic. The Series E round also featured the participation of existing investors UBS, Eaton Vance Corporation, DCM Ventures, New York Life, Nyca Partners, and Bain Capital Ventures. (more…)

Fintech news, Global trends, Hotnews

June 25, 2018

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Fintech friends: Monzo partners with TransferWise for international payments

By Steve O’Hear for techCrunch,

“So what’s going on here then?” I ask. “Two good friends just got even better [friends],” replies TransferWise co-founder Kristo Käärmann laughing, while Monzoco-founder Tom Blomfield, who is also on the video call, smiles approvingly. “Sorry for spoiling your news,” I tell the pair, who I’m interviewing ahead of an announcement today that the two companies are working together. (more…)

Fintech news, Global trends, Hotnews

June 25, 2018

Revolut Now Offers an App Store for Business Banking

Revolut, a digital only bank that says it is signing up over 120 businesses per day, has launched a new services for their business customers – Revolut Connect. This new feature is described as an “App store” for businesses to help provide easier access to digital tools. (more…)

Fintech news, Global trends, Mobile-first banks

June 25, 2018

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SoFi Launches Bank Like Service: SoFi Money

It is a truism that we need bank like services but we really don’t need banks. The portfolio of services offered by a traditional analog bank sometimes feel cobbled together. Difficult to manage and expensive to use. Current accounts is an excellent example. For some insidious reason, banks tend to charge consumers silly fees to lend out their money. Most consumers just accept it because that’s just the way it is. But innovative Fintechs are changing this paradigm. (more…)

Banks, Cashless, Fintech news, Global trends

June 21, 2018

KeyBank Acquires Digital Lending Platform For Small Businesses Bolstr

On Wednesday, KeyBank announced it has acquired digital lending platform for small businesses Bolstr. According to Key, the fintech software, which is expected to be implemented later this year, will enable the banking group to provide faster and easier access both to SBA loans and to traditional capital for business owners. The acquisition comes just after the OCC recently called on banks to issue more SME loans.  (more…)

Banks, Fintech news, Global trends

June 21, 2018

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Amazon Prime Video

Amazon Prime Video can be accessed through Amazon prime membership, You can get access to thousands of shows, including TV shows, original shows, documentaries etc., You can also rent or buy from a huge collection of movies and TV shows using the app with attractive discounts from amazon coupons. (more…)

Global trends

June 21, 2018

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InstaReM launches in the UK

By Instarem

InstaReM, Southeast Asia’s leading digital cross-border money transfer service provider, has now launched in Europe with its ‘front of house’ operations headquartered in London. (more…)

Fintech news, Global trends

June 19, 2018

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Korean payments app Toss raises $40m

Viva Republica, Korea’s foremost fintech startup and maker of financial services app Toss, announced today that it has completed a $40 million round of funding from GIC and Sequoia China, bringing the company’s total amount of funding raised to $116 million. (more…)

Global trends, Government activities, Payment processors/providers/gateways

June 19, 2018

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Micro-lending case study: Mynt

FinTech Futures talks to Philippine fintech, Mynt, about the business case and technology behind its current micro-lending efforts and where it is planning to head with other financial services, leveraging the customers and data of its majority shareholder, the country’s largest telco. (more…)

Fintech news, Global trends, PFM/PFP services

June 12, 2018

Fabrick launches to create Open Banking ecosystem

Within the framework of Money 20/20, Europe’s premier event dedicated to Fintech innovators and visionaries, Fabrick is born, the collaborative evolution of Open Banking, conceptualised to help design the future of the sector, leveraging on the new paradigms forged by technological innovation. (more…)

Fintech news, Global trends

June 7, 2018

India and Singapore sign fintech MoU amidst ongoing joint projects

India and Singapore signed a memorandum of understanding (MoU) to establish a joint working group (JWG) to strengthen cooperation in financial innovation between the two countries. (more…)

Global trends, Government activities

June 7, 2018

Banco BNI Europa in lendtech project with Alterest

Banco BNI Europa, a Portugal-based digital bank, has partnered with Alterest, a European loan data and intelligence platform, “to streamline investment analytics and risk management between the bank and its credit originating partners”. (more…)

Fintech news, Global trends

June 7, 2018

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TransferWise nets first big EU bank customer

France’s second-largest bank, BPCE Groupe, is to become the first in Europe to directly integrate with TransferWise to offer mobile money transfers to its 15 million customers. (more…)

Banks, Global trends, Hotnews, Remittances

June 4, 2018

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ING backs FinCompare, the German comparison platform for SME financing

FinCompare, the German fintech startup that offers a comparison platform for SME financing, has closed €10 million in Series A funding. The round is led by ING Ventures, the venture capital arm of dutch bank ING. The company’s previous backers Speedinvest, and UNIQA Ventures also followed on. (more…)

Banks, Fintech news, Global trends

June 4, 2018

Dwolla launches pay-as-you-go payment offering, Start

Payments platform Dwolla has introduced a new product plan, reports Julie Muhn at Finovate. It’s called Start, and it offers a white-labelled, out-of-the box way for businesses to send and receive money without a large time or money commitment.

(more…)

Fintech news, Global trends

June 4, 2018

Mobile banking case study: RBC – farewell friction

Royal Bank of Canada (RBC) is moving with the times with a series of useful innovations and launches.

RBC has been proactive with its digitisation strategy. Instead of aiming to offer all things to all people it has instead chosen to focus on best use of technology in areas where there is a real friction point and a problem to be solved. By doing this it has added value to its customer base and seen impressive take up figures of its various initiatives.

Its most recent play was a mass scale artificial intelligence (AI) digital service, NOMI. This offers its customers insights about their financial habits and the ability to automate their savings. Its mobile offering meanwhile, has seen new iterations based on building its P2P capability and it is also in the throes of introducing a loyalty scheme and other partnerships to bolster its offering.

(more…)

Banks, Fintech news, Global trends

June 4, 2018

LP survey results: What LP’s are saying about emerging venture manager funds

This post serves a part one of a two part series that Beezer Clarkson at Sapphire Ventures and I are co-authoring to help VC’s (specifically emerging managers) navigate through fundraising cycles and engender better and more relevant relationships with LP’s. (more…)

Fintech news, Global trends

June 1, 2018

12 Top Crypto Influencers Share Thoughts on the Future

By Matt Ward Angel Investor,

The internet is filled with spammy top 10 lists. Unfortunately clickbait seems to be all anyone is interested in publishing.

(more…)

Cryptocurrencies, Fintech news, Global trends

May 31, 2018

How Much Should You Raise in Your VC Round? And What is a VC Looking at in Your Model?

By Mark Suster from UpFront Ventures for his blog

There’s a quick litmus-test conversation any early-stage VC will have with the founder and it’s one that you should be as prepared for as your elevator pitch. It goes something like this …

(more…)

Global trends, Influences FinTech

May 31, 2018

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Starling seeks new funding; dumps TransferWise

UK challenger Starling Bank is reportedly in the early stages of raising £80 million in new funding as it rounds out its business banking offering and competes for a £120 million grant from the RBS bail-out fund. (more…)

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

May 31, 2018

Digital bank Lidya lands $6.9m funding

Nigeria-based digital bank Lidya landed a fresh round of funding, reports Julie Muhn at Finovate. The bank pulled in a Series A round totaling $6.9 million, an amount that marks the round as one of Nigeria’s largest tech investments. (more…)

Fintech news, Global trends, PFM/PFP services

May 31, 2018

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Form3 and Mambu unveil real-time cloud payments

Cloud payments platform Form3 has joined forces with Software-as-a-Service (SaaS) banking engine provider Mambuto launch a cloud-native and pre-integrated payments processing service. (more…)

Fintech news, Global trends

May 31, 2018

Personal finance app Fintify readies for UK-India launch

UK-based cross-border personal finance app Fintify is preparing to launch into beta as it aims for the non-resident Indian (NRI) market. (more…)

Fintech news, Global trends, PFM/PFP services

May 31, 2018

Deutsche Börse cuts 350 jobs to invest €270m in fintech

So many plansDeutsche Börse is cutting jobs to spend big on fintech with a €270 million funding plan to invest in blockchain, big data analyses, cloud computing, robotics and artificial intelligence (AI).

 

 

 

 

There are no specifics yet as the money will be used to “enhance efficiency in the existing businesses” or “boost profits”. (more…)

Fintech news, Global trends

May 31, 2018