FinTech Daily News – Edition 22, 02.08.2017
August 2, 2017
FinTech Daily News – Edition 24, 04.08.2017
August 4, 2017

FinTech Daily News – Edition 23, 03.08.2017

FinTech Daily News

by Florin Oprea

Edition 23, 03.08.2017

Deals, Investments & M&As

Singapore’s GIC Leads $220 Million Funding Round For Chinese P2P Lender Dianrong

Elzio Barreto – Reuters

Chinese peer-to-peer lending platform Dianrong has raised $220 million from Singapore sovereign fund GIC and other investors to fund R&D in China and potential ventures elsewhere in Asia.

FAO: It’s another Deals’ Day in FinTech Daily News. The question I raised yesterday stays…Is this a peak? Feels like so much money is so easily and quickly spent…

Fintech Startup Bread Raises $126 Million In Bid To Finance Big Online Purchases

Lauren Gensler – Forbes

Bread is among the financial technology start-ups attempting to get you to ditch your plastic and instead opt to finance your purchase with a loan that has lower rates and predictable monthly payments.

FAO: Lead investors in this Series B round were Menlo Ventures.

British Fintech Start-up Neyber Secures £21m In Funding

Martin Arnold –  Financial Times (subscription)

Neyber is a kind of digital credit union. It was founded by Martin ljaha and Monica Kalia after they left Goldman almost five years ago. Wadhawan Group, an Indian financial services company that is establishing itself as a leading investor in the UK fintech sector, has led Neyber’s latest £21m funding round.

FAO: Looks like more than 5,000 of police officers are them main borrowers on Neyber’s platform.

ID Finance and Da Vinci Capital launch $200m Fintech Fund

Finextra

ID Finance, the emerging markets fintech company, has joined forces with former Elbrus Capital fund manager Yuri Popov and asset management company Da Vinci Capital to launch FinTech Credit Fund, a $200m debt finance fund aimed at financial technology companies with a focus on alternative lending.

FAO: Targeted projects are within the CIS and European markets.

Venture Capitalists Are ‘Baffled’ By SoftBank’s Massive $100 Billion Tech Fund And The Size Of Its Investments

Sam Shead – Business Insider

Venture capitalists across Europe are “baffled” and “bewildered” by the size and frequency of the tech investments being made by Japanese tech giant SoftBank. SoftBank shocked VCs worldwide last October when it announced plans to raise a $100 billion (£75 billion) “SoftBank Vision Fund” — a tech fund larger than any other on the planet.

Lending

Why Prospa Turned To A Silicon Valley-Based Lender For Its Latest Funding Round

Elizabeth Barry – Finder.com

The fintech heavyweight has secured a $20 million debt facility from Silicon Valley-based Partners For Growth.

FAO: The deal was reported earlier this week. Why? Well maybe because they found proper dialogue partners and pro-business professionals.

Insurance

Fintech Insurance Provider Lemonade Expands To New Jersey

Tony Zerucha – Bankless Times

Insurance fintech Lemonade is bringing their platform powered by behavioral economics and artificial intelligence to New Jersey, which joins New York, California and Illinois as states whose residents can purchase homeowners and renters insurance via a website or app.

Wealth & Personal Finance

DBS And Xero Launch API-Driven Bank Data Feed

Finextra

DBS, Asia’s leading SME bank, and Xero, a leading global cloud accounting platform, have launched an API-driven bank feed integration that will transform how mutual customers in Singapore manage their finances.

Retail banking

Evolving For Symbiosis: Rethinking The Bank-Fintech Puzzle

Rahm McDaniel –  The Financial Brand

While a few traditional financial institutions continue to view fintechs as pure competition, there is a broad realization that the way customers and businesses consume financial services is changing faster than banks are able to adapt—especially while maintaining focus on a premier experience for full-service banking customers.

Cap Markets & Other

Buy A Share In A Brewery: Pozible Launches Equity Crowdfunding Site Birchal

Cara Waters – The Sydney Morning Herald

Dan Norris wants to turn the drinkers of his beers into investors in his brewery. The co-founder of Black Hops Brewing is keen to use equity crowd-funding platform Birchal to raise further funds for his business.

DNT: I have to taste it first and then, maybe I’ll invest too…What about you, Florin? Would you have time for an “investment analysis”?

FAO: Well, they say you need to understand a business before investing in it. Let’s say we could at least “get a taste” of it first…why not…

Latest Developments & Agreements

Oxford University Is Getting Into Fintech

Will Martin – Business Insider

Oxford University is branching out into fintech. The university’s Saïd Business School will launch an online short course in fintech — financial technology for the uninitiated — that is designed to help prepare business executives for a future where more and more financial services functions are based around tech.

DNT: Cool! Nice initiative. Education is very important. Indeed, in the near future, financial technology will be the epicenter of information and finance or investment.. If not already.

Accelerators & Hubs

Why Startups Should Consider Joining An Accelerator Programme

The Independent

There are differing ideas when it comes to accelerators. Some posit that accelerator programmes are to the advantage of first-time founders but not necessary for serial entrepreneurs. Some believe that early-stage startups could benefit from it, regardless of the extent of its founders’ entrepreneurial experience.

FAO: Don’t forget the most important reason: because it’s fun too.

Other news

Silicon Valley Venture Capitalist Confidence Index™ Falls Sharply in Q2

PR Web

The Silicon Valley Venture Capitalist Confidence Index registered 3.52 on a 5-point scale (with 5 indicating high confidence and 1 indicating low confidence) for Q2 2017. This quarter’s index measurement fell sharply from the previous quarter’s index reading of 3.83. The Q2 rating, based on responses by 32 Silicon Valley venture capitalists, also fell below the 13.5 year average of 3.72.

FAO: Useful tool. Put it together with KPMG’s report yesterday and with my standing question: Is this a peak? What do you think?

Opinion

Tech Banker: European Fintechs Are ‘Valued Too Highly’ And Consolidation Is Coming

Oscar Williams-Grut -Business Insider

The founder of a boutique, tech-focused merchant bank says Europe’s fintech market is over-valued and consolidation will be necessary to justify the companies’ price tags.

FAO: So, it is a peak then…

 

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

DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News