by Florin Oprea
Frank Chaparro – Business Insider
Venture capital firms, which poured $117 billion into fintech startups from 2012 to 2016, have been pulling back on their investments. Meanwhile, established financial firms are positioned to step up their spending.
FAO: “What is the net outcome of this shift? A better business landscape for well-established Wall Street firms.”
$67m sale of Vermilion powers corporate finance firm into the spotlight and Laura Hamilton finds there are similar deals in the pipeline.
JD Alois – Crowdfund Insider
AngelList has announced the creation of Angel Funds. These funds are designed to be the easiest way to start a “full-fledged” venture fund.
Lynsey Barber – CITY A.M.
A new “borderless” account aimed at businesses, solo traders and freelancers has been launched in the UK and Europe in the first of what the firm has hinted will be a host of new offerings.
FAO: Interesting, will consider this an option for this startup…
FinTech platforms account for an increasing share of credit provision and policymakers have to consider the opportunities and risks such activity brings, a new report by the Committee on the Global Financial System (CGFS) and the Financial Stability Board (FSB) finds.
Andy Mukherjee – Bloomberg Gadfly
In the match for India’s financial services future, fintech just scored twice while banks are still struggling to retrieve the ball they scuffed into their own net. It’s just the start of what looks like a bruising battle for traditional lenders.
Bain Capital Ventures announced that it has hired marketing veteran Annis Steiner as the firm’s VP of Marketing.
Naomi Barzel – Finance Magnates
The two parties have set themselves the goal of developing the ASEAN Financial Innovation Network (AFIN).
Zen Terrelonge -realbusiness
Crowdfunding meets co-working as Crowdcube has tied up with WeWork to achieve its European growth ambitions, with the US and Far East also in sight.
Qiu Ping Lim – The Middle Ground
Singapore is trying to reinvent itself, especially economically, at the individual, organisational and national scale. At the bleeding edge of this re-invention is the startup scene. Singapore’s quest for Silicon Valley-ism has seen the development of ecosystems that contributed to the vibrancy of startup hubs the world over.
FAO: Yesterday we published a profile of Hong Kong’s startup ecosystem.