by Florin Oprea
Nate Lanxon – Bloomberg
Blockchain, the London-based bitcoin currency service provider, has raised $40 million of fresh funding, representing one of the largest investment rounds in the financial technology sector since Britain’s vote to leave the European Union.
FAO: Story of the week, a very good one to end the week. Good luck to them! Cheers!
Mumbai-based fintech startup Kissht has raised $2m from Hyderabad-based early-stage venture capital firm Endiya Partners, and Ventureast. Kissht app provides collateral-free loans to users.
Pete Sweeney – Reuters
A Hong Kong Monetary Authority study shows the former British colony is oddly cash-intense. The average person held nearly $6,000 in 2014 – second only to Switzerland.
FAO: And HK is steadily building its fintech environment.
Leumi Card, one of Israel’s leading consumer credit card service providers, will implement Feedzai’s Artificial Intelligence (AI) platform to enhance its fraud detection and prevention capabilities, while continuing to provide a frictionless omnichannel experience for its customers.
Mark Johnson – Relocate Magazine
In a session about innovating abroad at the GXP Summit, Fintech giant Transferwise discussed how its innovative culture has enabled it to grow from a startup in 2011 to a company valued at $1 billion.
FAO: Founders Kristo Käärmann and Taavet Hinrikus got fed up with losing 5% each time they transferred money internationally. I guess very soon after 2011, when they started TransferWise, more and more people used their example…Last month they launch the Borderless business account – reported here.
Charlie Taylor – The Irish Times
Opens in Germany, Austria, Switzerland, Netherlands, Belgium and Luxembourg.
Sarah McBride – Bloomberg
About two-thirds of venture investments go to Silicon Valley, Boston, and New York, according to the National Venture Capital Association — all areas that opposed Trump in last year’s presidential election.
FAO: Oh my… so Trump didn’t find anybody to shake hands with?!?
Serial entrepreneur Reggie Bradford on why cloud computing is the key to future technological advancements and why he chose Bristol to launch Oracle’s first startup cloud accelerator.
Industry body FinTech Australia has released its first member ecosystem map, to show the nation’s “strengths and diversity”, particularly in wealth generation and lending.
FAO: Cool stuff.
Long time the European Union has taken a positive, but wait-and-see attitude towards blockchain and distributed ledger technology. Both related to use cases and regulatory intervention. But that is changing rapidly.
FAO: Better late than never.
Hong Kong’s DBS Accelerator, run by DBS Bank and early-stage VC Nest, is switching the format of the programme to a rolling intake that will see it host new startups throughout the year.
Program Alumni Have Raised More than Half a Billion Dollars.
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News