by Florin Oprea
Shiwen Yap – Dealstreet Asia
PerimeterX, a provider of behavior-based threat protection technology for cloud, web and mobile, has secured $23 million in Series B funding led by Canaan Partners with participation from existing investors Vertex Ventures and Data Collective (DCVC).
Jen Wieczner – Fortune
It’s a hedge fund savvy enough to have scooped up Bitcoin when it was free. One of its founders is the well-known CEO of AngelList, Naval Ravikant. It’s backed by a roster of Silicon Valley’s top venture capital firms, and boasts returns of more than 500%. And you’ve probably never heard of it.
DNT: True, I’ve never heard of it…but it’s very interesting. What about you, Florin? I guess that a lot of people will hear, now, via FinTech Daily News!
FAO: Well in fact I did hear about it! MetaStable Capital is one of the first hedge funds oriented strictly to crypto assets. It was launched in September 2014. There are at least 15 “crypto assets” oriented hedge funds globally. It strengthens our belief that this investment universe is getting bigger and bigger.
Eliot Brown – The Wall Street Journal (subscription)
Giant venture-capital funds are piling up in Silicon Valley, a sign that foundations, pension funds and endowments are still willing to rush money into the risky startup sector despite lingering concerns about overheated valuations.
FAO: See? Here’s another proof…BTW you really cannot miss today’s Blockchain Daily News. The SEC wants its piece of this increasing “pie”…
WorldRemit, the leading digital money transfer company, has launched in Singapore. The new service will enable migrants in Singapore to transfer money to over 140 countries as easily as sending an instant message, using the WorldRemit app or website.
FAO: Oh, it’s Singapore, again. Lot of action here.
Shanny Basar – Markes Media
Nasdaq is acquiring Sybenetix, which uses behavioral analytics and cognitive computing for market surveillance, after entering into a strategic alliance last year with Digital Reasoning.
UK-based Sybenetix said in a statement that its behavioral science technology is designed to help asset managers with surveillance.
FAO: You really cannot evolve without having the best means of doing it. Nasdaq pushes forward with its latest acquisition. Financial terms of the deal were not disclosed.
Marc Hochstein – American Banker
When a highflying technology startup with a bluntly elitist brand seeks access to FDIC-insured deposits through the kind of charter Walmart once sought, a backlash is almost certainly inevitable.
FAO: More on SoFi’s application for a bank charter. Previous coverage here.
Dylan Wittenberg – Benzinga
Although the Bay Area is host to many of fintech’s top players, some of the space’s best young companies are taking the financial services industry to new heights by leading the way in innovation, quality, and customer service.
FAO: You guessed! SoFi is among those mentioned.
Kiersnerr Gerwin Tacadena – Interantional Business Times
Global payments technology company Visa unveiled two new data centres as part of its expanded transaction processing capabilities. The new global processing hubs in Singapore and in the United Kingdom are expected to improve the group’s infrastructure and strengthen its capability to introduce new methods to pay.
FAO: #Singaporeagaininfdn ? #Singaporelovesfintech? Which one would you prefer?
Casey Hynes – Forbes
It’s been seven months since the Indonesian government issued regulations for the peer-to-peer (P2P) lending industry, and the mood in the sector is optimistic.
Via The Australian (subscription): . CommSec founder Paul Rickard and finance commentator Marty Switzer have joined online mortgage start-up HashChing
Using a direct secure integration with Capital One’s new API, small businesses are now able to connect their Capital One card data with Xero. This completely digital process gives users an on-demand view of their financial state.
Abu Dhabi Global Market (ADGM) and the Australian Securities and Investments Commission (ASIC) have strengthened their FinTech collaboration with an official strategic partnership to further advance developments and initiatives that nurture Fintech entrepreneurship and support innovation in financial services in Abu Dhabi and Australia.
FAO: It surely cannot do any damage.
Mike Butcher -TechCrunch
With support from Startup Lisboa, the Lisbon City Hall has contracted Factory to work with them on a massive new project: Hub Criativo do Beato
FAO: Lisbon plans to challenge Paris’ Station F (more about it here), dubbed world’s largest start-up incubator. The Portuguese plan to have at least 35,000 m2 in the first phase of the project, 1,000 m2 more than in France. At completion Hub Criativo do Beato will have 100,000 m2.
Kr Srivats – The Hindu Business Line
The New York-headquartered cross-border fintech, which commenced operations in India in August last year, will in the second half this year roll out its Payoneer Forum in the Indian market.
Yolanda Bobeldijk – Financial News (subscription)
When attempting to flog their software to Deutsche Bank’s head of innovation, fintech founders may be encouraged to learn that, in a previous life, Elly Hardwick was a fintech CEO.
John Mannes – TechCrunch
Google’s Launchpad is announcing a new hands-on Studio program to feed hungry AI startups the resources they need to get off the ground and scale.
FAO: Here’s some more coverage on Google’s New AI fund Gradient Ventures.
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News
DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News