FinTech Daily News – Edition 135, 25.01.2018
January 25, 2018
FinTech Daily News – Edition 137, 29.01.2018
January 29, 2018

FinTech Daily News – Edition 136, 26.01.2018

FinTech Daily News

by Florin Oprea

Edition 136, 26.01.2018

Deals, Investments & M&As

NYSE’s Biggest IPO Since Snap Is $2.3 Billion For Brazil Fintech

Felipe Marques – Bloomberg

PagSeguro Digital, a payments company owned by Brazilian media group Universo Online raised about $2.27 billion in an IPO on NYSE.  The company, which has a similar model to Jack Dorsey’s Square, sold shares at $21.50 each, above the top of the price range of $17.50 to $20.50 in the offering prospectus, with demand higher than underwriters expected.

FAO: Actually the Brazilian fintech scene is getting quite animated, with a lot of success stories having emerged last year – I am talking about Creditas (more here, in Lending section), Nubank (more here, in Payments section) or GuiaBolso (here, in Deals section).

Tryb Group Raises $30M To Develop Fintech Platforms For Southeast Asia

Jon Russell – TechCrunch

Tryb Group, has landed a $30 million investment from Makara Capital. The investment comes from Makara’s $770 million joint fund with the Intellectual Property Office of Singapore which is focused on finding valuable IP in the tech and startup space. Tryb is talking to a range of other investors with a view to closing the round with at least $20 million in additional capital.

FAO: Tryb Group, a Singapore-based company, works with  institutions in trade finance, SME finance and micro-credit.

Payments

Alibaba Founder Jack Ma: ‘Global Is Great’

Li Zengxin & Yang Ge – Caixin

Alibaba founder and e-commerce mogul Jack Ma sung the praises of free trade and warned against protectionism, just weeks after two of his companies suffered setbacks at the hands of a U.S. government taking an increasingly hard line on China.

FAO: Remember my comments a few weeks back (check here, in Deals section) regarding the failed MoneyGram deal (reported here) which will trigger Alibaba (Jack Ma’s) ambitions even stronger?

FinTech People

Atom Bank Founder Anthony Thomson Down From Chairman Role

Francesca Washtell – City A.M.

Anthony Thomson announced his resignation from the position of chairman of Atom bank. Thomson, who founded Atom, had been the chairman since the app-only bank was established in 2014. Bridget Rosewell, who is the chair of Atom’s audit committee, has been appointed to take over, subject to regulatory approval.

FAO: Where are you going, Anthony?

Via Finews – co-founder of derivatives boutique Leonteq, Michael Hartweg, took over as chairman of Evolute.

Regulation

Influential Tory MP Adam Afriyie Thinks The UK Needs To Continue Its ‘Light Touch’ Approach To Fintech To Encourage Growth

Oscar Williams-Grut Business Insider

The head of the All Party Parliamentary Group on Fintech says the UK must continue its “light touch” approach to regulation to ensure continued growth in the sector.

Conservative MP Adam Afriyie said “We have to continue to maintain that light touch, but stable, regulatory environment to ensure that we stay right at the forefront.”

Accelerators & Hubs

Ping An Group Partners With SparkLabs To Launch New Fintech Accelerator

Nicole Jao – Technode

Ping An Technology has launched its first fintech accelerator in partnership with SparkLabs Group.

FAO & DNT: Enjoy your weekend! But first, read Blockchain Daily News!

 

FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News

DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News