FinTech

Digital payments alone could become a $100 trillion industry, according to PwC. And that’s just one component of the global Fintech industry. This channel tackles the lenders and buyers, the obstacles and achievements, and the trends and trend makers leading the ongoing technological evolution in global finance.

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Fintech: M&A In the Fintech Space Will Heat Up

One of the clear winners, if there is such a thing of the current economic situation, will be fintech companies. And we can expect to see a wave of fintech M&A as a result. There was already a trend towards digital platforms in the financial services industry. Now it’s just accelerating. Even those who prefer a hands-on face-to-face meeting on financial matters are turning to online platforms. They have to do so. Many banks are only offering drive-through services. This means more complex transactions are moving online. Why Fintech M&A Will Heat Up The shift to increased digital use in financial services will also accelerate the fight between incumbent banks, brokerages, and insurance companies to capture market share in a new digital marketplace. Underfunded startups will struggle. They lack the ability to spend billions of dollars a year like their larger financial counterparts. The smaller firms will also need to find funding sources to survive until economic activity begins to normalize. Fintech companies also have to be very careful about execution risk right now. Consider Robinhood, the online brokerage firm. Their system failed as markets became disrupted by the spread of the coronavirus virus in the United States. The future…

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FinTech: Jenfi Has an Innovative Lending Model For SMBs in Southeast Asia
February 4, 2020

The Jenfi fintech targets small businesses that are underbanked…even in Singapore. It has an Innovative Lending Model For SMBs in Southeast Asia. Jeffrey Liu and Justin Louie, who worked together…

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FinTechs: UK the Epicenter of Fintech in Europe, says Report
February 4, 2020

UK the Epicenter of Fintech in Europe, says Report. The fintech sector in the UK raked in a record $4.9 billion in investments during 2019, despite political turmoil from Brexit.

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FinTech: Online Insurance Marketplace and Insurtech Policygenius Raises $100 Million
January 31, 2020

Policygenius, an online marketplace for comparing and buying insurance products, announced the successful raising of $100 million via its Series D funding round. Jennifer Fitzgerald and Francois de Lame founded…

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FinTech: Digital Lending Platform LendUp Notches Up $2B in Loans
January 30, 2020

Ethical online lender LendUp announced Thursday its achievement of having disbursed aggregate loans worth $2 billion on its platform. Founded in 2012, the company’s main goal is to help anyone…

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FinTech: Founding Member Standard Chartered Boosts Investment in Contour, the Blockchain Trade Platform
January 29, 2020

Standard Chartered invests an undisclosed amount in Contour. Contour is a global trade finance platform that runs on R3’s Corda blockchain. It specializes in digitally creating, exchanging, approving, and issuing…

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Venture Capital: CurrencyCloud Gets $80 Million From Top Notch Investors Including Visa
January 28, 2020

CurrencyCloud Gets $80 Million From Top Notch Investors Including Visa. London-based startup CurrencyCloud builds remittance APIs for money transfer businesses. It’s software you are never likely to see. It works…

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FinTech ETF Hits 52-Week High
January 24, 2020

The Global X FinTech Thematic ETF (FINX) has rallied more than 32% over the last 12 months. Shares have climbed from a 52-week low of $24.49 per share to $32.40…

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FinTech: Fintechs That Could be in Play After the Visa-Plaid Deal
January 22, 2020

There are too many fintechs out there, but many can’t survive on their own. A Barron’s analysis of likely deal-making in the fintech sector after the landmark Visa-Plaid deal shows…

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FinTech: Fundbox Hires Former Goldman Sachs Investment Banker as CFO
January 17, 2020

Fundbox, the fintech startup that finances SMEs, is planning a potential IPO. Fundbox has appointed Marten Abrahamsen as its CFO effective this January. Abrahamsen was previously a partner at The…

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Venture Capital: Northwestern Mutual’s VC Arm Makes Maiden Investment In a Female Founded Startup
January 16, 2020

Northwestern’s VC arm joined a $3.5 million funding round for U-Nest Inc., a California-based financial services mobile app. U-Nest was founded by Ksenia Yudina, CFA, MBA. The U-Nest app facilitates…

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