FinTech Daily News – Edition 24, 04.08.2017
August 4, 2017
FinTech Daily News – Edition 26, 08.08.2017
August 8, 2017

FinTech Daily News – Edition 25, 07.08.2017

FinTech Daily News

by Florin Oprea

Edition 25, 07.08.2017

Deals, Investments & M&As

Fintech Kantox Raises £4.6 Million From Investors As It Targets Profitability

Oscar Williams-Grut – Business Insider

Foreign exchange fintech company Kantox has raised £4.6 million from its existing investors as it aims for profitability.

FAO: Kantox raised a total of $27.13M in 5 funding rounds.

Lending

City Watchdog Readies To Launch A Crackdown On Peer-To-Peer Lending

Lucy White – City A.M.

The Financial Conduct Authority (FCA) is readying to launch a review of peer-to-peer (P2P) lending, with the aim of standardising practice between platforms to protect investors.

FAO: Well that will surely save us some time and probably money too. Right?

Wealth & Personal Finance

Two Of Britain’s Fastest Growing Fintech Startups Are Going After A Huge Pot Of Money: Pensions

Oscar Williams-Grut – Business Insider

Fast-growing online investment startups Moneyfarm and Scalable Capital are both planning to launch pension products later this year, hoping that accessing the huge UK retirement market could super-charge their growth.

FAO: Moneyfarm is also present in Italy while Scalable Capital in Germany.

FinTech People

Former Deutsche COO Takes Stake In DLT Venture Cobalt

Finextra

Cobalt, the FX post-trade processing network based on shared ledger technology, has closed an investment from Henry Ritchotte, the former Deutsche Bank COO who will also become a member of the startup’s strategic advisory board.

FAO: Cobalt will be launched later this year. The peer-to-peer network currently counts 22 beta participants including: Citi, SETL, First Derivatives and Tradepoint.

Via PR Newswire SVB Financial Group appointed John Clendening to its Board of Directors.

Interview With The CEO Of Republic: Ken Nguyen

Angela Scott-Briggs – TechBullion

Accelerators & Hubs

Can Paris And Berlin Steal London’s Startup Crown?

Nicole Kobie – IT Pro

London is the “de facto” hub for tech startups in Europe — after Silicon Valley, it’s the place to to find developers, accelerators and investors. But London’s dominance may be at an end, as the ecosystems in Berlin and Paris mature and Brexit starts to bite.

FAO: More coverage from various “trenches” of the “London vs Europe fintech battle”. Read previous reports by accessing our Archive.

Events

Square Beats Expectations On Higher Transactions

Sruthi Shankar & Anna Irrera – Reuters

Payments company Square, reported a better-than-expected 26% jump in quarterly revenue, as larger businesses used its technology to process transactions and it expanded the range of financial products it offers.

FAO: Gross payment volume jumped 33% to $16.4 billion.

 

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

DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News