Fintech startups: who buys them and why? They’re expensive, lossmaking and overvalued. Why people even pay for them?
By Igor Pesin, Partner at Life.SREDA
DealStreetAsia: Singapore-based fintech VC firms Life.SREDA and AT Capital have led a Series B round in Lenddo, a provider of data for credit scoring and online verification. The financial terms of the investment are undisclosed. The company will use the funds for business expansion. Other investors participating in this Series B round were Omidyar Network, Blumberg Capital and Golden Gate Ventures. (more…)
TechInAsia: Vladislav Solodkiy, Life.SREDA VC: Last week Jack Dorsey, co-founder and CEO of Square, the world’s third largest fin-tech company by market capitalisation, also took a role of iCEO at Twitter. On top of that, a new wave of rumours about the company to go public by the end of this year hit the media. What do the Asian markets have to offer in respond to this? (more…)
CIO ASIA: In early May this year, Russian fintech Venture capital firm, Life.SREDA VC, moved its operations to Singapore from Moscow. To mark this move and to announce the launch of an accelerator, InpirAsia, the company invited the internationally-renowned expert in financial services Reggy de Feniks. (more…)
Fintech Demo Day is the first event jointly hosted by Marvelstone Partners, Life.SREDA VC and Yozma Group Asia for the selected fintech startups to provide demo for panel of judges and investors in Korea. The purpose of this even is to search for competitive fintech companies in Korea and introduce the hosting VCs to the fintech industry and startups in Korea. (more…)