by Florin Oprea
Ladies and gentlemen, we are proud to present you our 100 Edition!
Here, you can watch an anniversary message from Florin Adrian Oprea, Editor-in-chief FinTech Daily News
Damian Fantato – FT Adviser
Lynsey Barber – City A.M.
UK’s top digital challenger banks, Atom, is gearing up to raise fresh funding from investors as it eyes £1bn of deposit holdings. The app-only bank, has already raised more than £200m to date.
DNT: Ambitious plans! Atom seems tireless in trying to bring breathing new life into banking. Check our Archive for more stories related to the UK top neo-bank.
Sarah Perez – TechCrunch
PayPal and Facebook are expanding their integrations with the launch of an extension for Messenger that allows PayPal sellers to invoice buyers directly through private messaging. The feature is ideal for use with Facebook’s numerous Buy and Sell groups as well as Facebook Marketplace, in addition to being an easy way to send PayPal invoices in general.
DNT: Last month, PayPal and Facebook announced they are implementing PayPal into P2P payments on Messenger and PayPal also launched a customer service for Messenger. Check our Archive for other payments features stories. We had quite a lot updates in the last time.
Jenna Martin – Charlotte Business Journal
AvidXchange CEO and co-founder Michael Praeger spoke Monday to the Charlotte Business Journal about his company’s most recent acquisition as well as future growth plans in the year ahead.
DNT: AvidXchange is valued at $1.4 billion, details – here, Payments section.
Xie Yu, Jane Li – South China Morning Post
Qudian could be facing a rash of class-action lawsuits in the US after its share price tumbled drastically on the New York Stock Exchange, triggering concerns over the integrity of the firm.
DNT: The side effects of China regulatory tightening are appearing. Qudian is backed by Alibaba Group and and it succeeded In October to raise US$900 million – the largest IPO in the US by a Chinese company, reported here, Deals, Investments & M&As section.
Below, a related story.
Sara Salinas – CNBC
Two recent Chinese IPOs are plunging on U.S. exchanges following news that the Chinese government is eyeing greater regulation in the microlending industry.
A FED Bank of Cleveland report which compared the peer-to-peer lending industry to the subprime mortgage market has been temporarily taken offline after questions were raised about the underlying data set.
Steve Brooks – Enterprise Times
Xero has announced another significant step towards full payroll compliance for is US client base. It is delivering support for draft previews of W-2 and 944 forms using live data.
DNT: Recently, Xero announced the NZX delisting and its shifting to ASX.
Damian Fantato – FT Adviser
Nutmeg has nearly doubled its assets under management over the past year, taking the amount it manages past £1bn.The fintech company has also more than doubled its number of customers to 48,700 as well as increasing its assets by 93%
Ron Miller – TechCrunch
The company announced a $20 million investment led by Shasta Ventures with participation from previous investors Bloomberg Beta, Susa Ventures and Heroic Ventures.
Samantha Hurst – Crowdfund Insider
After securing £71 million during its latest investment round, Co-Founder and CEO of challenger bank Monzo, Tom Blomfield revealed plans to launch a new crowdfunding campaign.
DNT: Tom Blomfield, is “The Coolest Man In Fintech” as it’s said in a recent story covered here. The declared mission of Monzo: building a bank as smart as your phone – seems fully achievable. After the latest investment round – details here, the company’s total funding reached £106 million ($140 million) and the London-based startup value is £280 million ($366 million).
Via Business Wire – Ripple Appoints Former New York State Superintendent of Financial Services Benjamin Lawsky to Its Board and former CFO of TubeMogul, Ron Will, as CFO.
DNT: According to the company, they will play central roles in Ripple’s mission to achieve frictionless cross-border payments.
JD Alois – Crowdfund Insider
Member of Taiwan Parliament Jason Hsu is on a mission to turn Taiwan into a Fintech hub. This includes the development of a robust Initial Coin Offering market
DNT: This initiative is in total opposition with other asian countries policy like China and South Korea which banned ICOs. However, it’s a good sign that ICOs are still being seen like an opportunity not a threat…Pay a visit to our Blockchain Daily News website and check our Crypto-Teams BDN Global Outlook (last update here). If this initiative will materialize, Taiwan has all the chances to be included in the our Pro Cryptos Team.
Noor Nanji – The National
Despite jitters caused by the Brexit vote, fintech start-ups in the UK are still attracting huge investment from around the world.
Disrupt Berlin 2017. 4-5 December 2017 – details here – via TechCrunch
DNT: An analysis of the digital revolution and the ways it disrupts the capital markets industry.
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News
DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News