by Florin Oprea
Naomi Barzel – FINANCE MAGNATES
Addepar, a technology provider and operating system designed to cater to financial firms, announced that it has managed to raise $140 million in a series D round co-led by 8VC, Valor Equity Partners, and QuantRes founder Harald McPike.
FAO: Congrats! Keep the funds coming!
Sayan Chakraborty – Deal street Asia
Financial technology start-up Lendingkart Group has raised a debt of Rs50 crore from Yes Bank Ltd in a move that could see the company gradually shift to banks for loans as against non-banking financial companies (NBFCs), who lend at a higher rate. Lendingkart Group includes Lendingkart Technologies Pvt. Ltd that has built the technology software for credit risk analysis, and an NBFC, Lendingkart Finance Ltd, that underwrites the loans. The funds from Yes Bank were raised by Lendingkart Finance Ltd.
Financial Times (sub)
The giant technology fund launched late last year by the founder of Japan’s SoftBank has only one objective: to unleash a new era of innovation backed entirely by private capital.
Cole Lyons – Crowdfund Insider
Sepaking at the recent WSJ D.Live Asia event in Hong Kong, Ping An CIO Jonathan Larsen said Ping An is launching a new fund to invest in early stage Fintech ranging from $10 million to $30 million, according to a report from Dow Jones
FAO: I hope you are aware of how Asia is steadily adding bricks here…
Cole Lyons – Crowdfund Insider
Kasikorn Bank has opened up a $30 million fund to invest in to Fintech startups, thus exemplifying the banks attitude to embrace disruptive technologies.The rapid technological developments within the financial industry has opened up new dimensions inthe market, changing how customers think.
Gemma Acton – CNBC
The tidal wave of venture capital (VC) money that flowed into global financial technology (fintech) investments during 2016 has already shown signs of receding, according to the U.K.’s fintech chief.l
Peter Rudegeair – The Wall Street Journal – sub
AvidXchange valued at $1.4 billion after latest funding round including Mastercard, Temasek, Peter Thiel Fund
A little-known software company that helps businesses pay their bills electronically has quietly amassed more investor funding than all but a handful of U.S. financial-technology companies.
FAO: Cool name = AvidXchange, now valued at $1.4 billion…
João Marques Lima – Data Economy
California-based Illumio has raised $125m in a Series D founding round led by J.P. Morgan Asset Management which will see the company invest in growing its data centre and cloud security portfolio.
FAO: Hundreds of millions of USD flying all over the place…
Award-winning CEO, Becky Downing, shares her tips on how to grow a fintech: Execution is what matters, not just the idea, and data is crucial.
A regional trade association says rivalry among the region’s financial centers is hurting Asia’s fintech competitiveness.
A report released last week by the Asia Securities Industry and Financial Markets Association (ASIFMA) claims Asia’s competitiveness in fintech is being undermined by the petty rivalry between the region’s financial centers that in turn has generated regulatory complexity and uncertainty.
Peter Hody – Finews.asia
In almost no time, a former hedge-fund manager has built the world’s biggest fintech hub – Lattice80. He is convinced that his strategy will work in other financial markets too, including in Switzerland.
Asia’s competitiveness in fintech is being undermined by the rivalry among the region’s financial centres that has created regulatory complexity and uncertainty, a financial lobby group has warned.
Governments across Asia — most notably Hong Kong and Singapore — have unveiled a raft of initiatives to grab a slice of the $100 billion invested in financial technology globally but the regulatory hotch-potch is making it tough for firms to scale up, the Asia Securities Industry and Financial Markets Association (ASIFMA) said in a report.
Bonnie Christian – Wired
Eight fast-growing startups took to the stage at this year’s WIRED Money event
From time travel to big data, the WIRED Money startup stage welcomed some of the fastest growing fintech companies in the industry who are changing the way businesses and consumers interact with their money.
The new rock stars of finance, the fintech’s, are about to mimic the great names of old and go on tour.
Startupbootcamp Fintech, the accelerator focused on financial innovation, has announced its first ever Demo Tour, replacing the traditional Demo Day that marks the end of the accelerator program.
Kyle – Nibletz
If you weren’t sure the influence of startups and startup accelerators before now, after this story there will be no doubt. Often thought of as the most progressive Pope to date, Pope Francis and the Vatican have announced a new startup accelerator. The accelerator, Laudato Si’ Challenge, wants to launch startups that “sustainably solve the global climate change crisis by 2030”.
FAO: And what do you think of this? Send me your honest thoughts…
Tom Holgersson – Independent.ie
One of my clearest memories of moving to Ireland in 2005 was how odd it was to see people queuing up to do business at the bank. Being Swedish, I was already used to the idea of banking online. Today not only are most of us moving money around digitally, but we do so from our mobile phones.
For banks the big challenge is keeping up with this pace of technological change. But banks’ adversity is fintech’s opportunity.
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News