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: Fundbox Hires Former Goldman Sachs Investment Banker as CFO

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 Chernin Group LLC, a Los-Angeles-based investment firm. Before that, he managed Coatue Management LLC’s investments in Grab Holdings Inc. and Jet.com Inc., an online retailer. He also worked as an investment banker at Goldman Sachs

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Marquee Private Equity Investor Henry Kravis invests in alternative fund
July 25, 2019

Henry Kravis is said to have invested in San Francisco-based ParaFi, an alternative investment fund with a special focus on the fintech and blockchain ecosystem. ParaFi is led by founder…

Moody’s Acquires RiskFirst, a Fintech that Analyzes Risk
July 25, 2019

Moody’s is looking to enhance the product portfolio of its Moody Analytics unit by acquiring risk analysis fintech RiskFirst. RiskFirst’s offerings are geared towards institutional investors such as asset managers,…

Canadian watchdog FINTRAC: Fintechs Vulnerable to Money Laundering
July 24, 2019

Documents obtained by The Globe and Mail reveal that fintechs in sectors such as alternative lending, electronic payments, online gambling and digital currencies are thought to be particularly vulnerable to…

British Fintech Transferwise Eyes U.S. Customers
July 23, 2019

British-born Netflix star Tan France will endorse the debit card from Transferwise soon to be launched in the US. Launched in the UK and Europe in 2018, the card has…

JPMorgan Chase May Buy Stake in UK FinTech 10x Future Technologies
July 19, 2019

Former Barclays chief Antony Jenkins, founder of 10X, believes the banking industry’s “Uber moment” is here According to a report in Financial Times, JPMorgan Chase, the biggest US bank, is…

SPAC and fintech to raise $220 million
July 13, 2019

Netfin Acquisition Corp filed with the SEC to raise $220 million in an initial public offering (IPO). Based in New York, Netfin is a SPAC and fintech.

The Revolut unicorn, a disruptive force in banking
July 7, 2019

Revolut, the UK-based digital “challenger” bank, wants to become the Amazon of banking. Started in July 2015 by two bank ex-employees, Revolut has a set a torrid pace towards its…

Decade-old Dutch payments startup raises €25 million
July 3, 2019

Amsterdam-based payment service Mollie finally avails funding A group of technology and payment entrepreneurs has seized the opportunity to invest in a pioneering online payments service that was founded over…

How Brex, the fintech unicorn, made its young founders very wealthy
July 2, 2019

Henrique Dubugras, 23, and Pedro Franceschi, 22, are (you guessed it…) Stanford dropouts Henrique Dubugras and Pedro Franceschi have a net worth of $460 million each. They founded Brex, a…

IMF fintech survey: Central banks testing crypto waters
July 1, 2019

An IMF survey on global adoption of fintech shows a fifth of central banks are weighing the issue of cryptocurrencies Are fintech’s stated benefits of financial inclusion and a fillip…