FinTech Daily News – Edition 13, 20.07.2017
July 20, 2017
FinTech Daily News – Edition 15, 24.07.2017
July 24, 2017

FinTech Daily News – Edition 14, 21.07.2017

FinTech Daily News

by Florin Oprea

Edition 14, 21.07.2017

Deals, Investments & M&As

Boost For UK Fintech As Receipt Bank Raises $50 Million

Finextra

Receipt Bank, the award-winning bookkeeping automation platform and one of Europe’s fastest-growing businesses, has raised US$50 million in Series B funding from Insight Venture Partners.

FAO: Last year in February the company raised $10m from investors led by Kennet Partners.

FinTech Studios Secures $1 Million Seed Investment From KEC Ventures

Samantha Hurst – Crowdfund Insider

FinTech Studios, a cloud platform dedicated to AI-based financial information, fintech apps, and big-data analytic products, announced on Thursday it secured raised $1 million during a Series Seed funding round led by KEC Ventures.

Wealth & Personal Finance

Betterment, Wealthfront Jump Into SRI

Barron’s

Betterment announced Wednesday that it will offer portfolios that favor companies with strong records on the environment, corporate governance, human rights, and health and safety, among other factors. Rival Wealthfront earlier this month announced plans to introduce SRI options later this year.

FAO: Not a lot to comment here, maybe useful to read the next article…

The Robos Are Getting Socially Responsible

Ryan W. Neal – Wealth Management

Socially responsible investing (SRI) is one of the hottest trends in financial services, and the wealthtech companies don’t want to miss out.

Retail banking

What Banks Have That Fintech Startups Don’t (Yet)

Mike Galarza – Forbes

Over the past decade, the nature of currencies used across the world may have shifted, but the underlying principles that make transactions happen have stayed the same.

FAO: Oh remember the remarks of HSBC’s digital chief, reported yesterday …What do you think? Here’s the question: what fintech companies have and that banks don’t…Send us your replies here, if you fancy…

Cap Markets & Other

Financial Regulator Investigates Fintech Naga

Stefan Kaufmann – Handelsblatt Global

Germany’s financial regulator BaFin has launched an investigation into the fintech company Naga on suspicion of market manipulation, just 10 days after the firm was listed on the Frankfurt stock exchange.

FAO: #oopsy

Chinese Investor Backs UK Crowdfunding Platform

Tom Belger – Bridging & Commercial

The Beijing-based company has invested the funds into the UK crowdfunding platform through its London arm after being impressed by Crowdcube’s dominance in the market and growth potential.

FinTech People

Via PR Newswire Equinix appoints Charles Meyers as President of Strategy, Services and Innovation.

Via Business Insider – Startup community facilitator Fishburners CEO Murray Hurps has quit

Exclusive: Payoneer Hiring 140 Tech & Sales Personnel To Deal With Growth

LeapRate

From sources – Israel’s Payoneer is on an official hiring spree, looking to add 140 employees in its home base of Israel, plus personnel in other locations abroad including New York and Tokyo.

Accelerators & Hubs

Fintech Charmed By Macron But Reluctant to Leave London For Paris

The New York Times

France’s fast-growing fintech sector is optimistic the country’s dynamic new president will push it up the global rankings. But startups based in London do not yet seem ready to swap that key hub for Paris, even if they have French roots.

FAO: Let’s face it, it’s not that easy. Even if Macron pushes it. Like the other week when he kicked off Station F, the largest incubator in the world. (reported here)

Citigroup And Deutsche Bank Give Frankfurt A Brexit boost

Financial Times (subscription)

Frankfurt’s attempt to become the EU’s pre-eminent post-Brexit financial centre received another boost on Thursday as more details emerged of Deutsche Bank and Citigroup’s plans to beef up their operations in the German financial capital.

FAO: Frankfurt does it the German way. It rigorously builds and builds and builds. New pieces just added.What’s next on the checklist?   

The Sydney CBD Is The Wrong Place For A Startup Hub

Nayomi Senanayake – Huffington Post

Last week (reported here) NSW Premier Gladys Berejiklian announced that Sydney will be getting its very own ‘Startup Hub’ in the CBD. A space designed to house upwards of 2000 people, all putting their minds to innovation and entrepreneurship with in-house accelerators, work space and other tools. It is a fantastic start to making Sydney the startup hub of Australia, and even the Asia Pacific.

FAO: Touche! “To truly become an epicentre of innovation, Sydney needs to build its own startup ecosystem.”

Events

DIFC To Host Inaugural Global Financial Forum 2017

Mondovisione

Dubai International Financial Centre (DIFC), the leading international financial hub for the Middle East, Africa and South Asia (MEASA) region, will organise the first Global Financial Forum (GFF) on Tuesday 14 November 2017.

FAO: Interesting. Hope to make it!

Other news

Ten Reasons Fintechs Can Fail

Finews Asia

Starting a fintech is a great thing, especially with hundreds of millions of risk capital flowing into the industry. All the more reason then that fintech entrepreneurs should take these ten tips seriously.

FAO: Grab your pen and paper!

This VC Says Amazon’s Very First Home Page Teaches An Important Lesson In Entrepreneurship

Ali Montag – CNBC

Analysts on Wall Street are predicting that Amazon could become the first trillion-dollar company, but in its early days, the e-commerce giant didn’t look like much.

 

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

DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News