FinTech Daily News – Edition 36, 22.08.2017
August 22, 2017
FinTech Daily News – Edition 38, 24.08.2017
August 24, 2017

FinTech Daily News – Edition 37, 23.08.2017

FinTech Daily News

by Florin Oprea

Edition 37, 23.08.2017

Deals, Investments & M&As

Databricks Raises $140M Series D round led by Andreessen Horowitz

Frederic Lardinois – TechCrunch

Databricks, a big data analytics platform, has raised a $140 million Series D round led by Andreessen Horowitz, with participation from New Enterprise Associates and Battery Ventures. This brings Databricks’ total funding raised to date to $247 million, which includes a $60 million round the company announced only last December.

FAO: Wow! So happy to hear about at least a couple of my fellow Romanians (Matei Zaharia – Co-founder & CTO and Ion Stoica – Co-founder & Executive Chairman) involved in this project. Funny thing to report this after recently discussing a “brain exodus” phenomenon in Eastern Europe…


Wal-Mart Nears a Pilot Deal to Offer Customers Installment Loans

AnnaMaria Andriotis – Wall Street Journal

Upstart financing firm Affirm is in talks to offer installment loans to Wal-Mart Stores customers. The development is the latest sign of retailers’ desire to reach new customers with limited credit histories, and of the intensifying competition facing credit-card providers such as Synchrony…

FAO: Top fintech firm Affirm has raised a total of $420M in equity funding in 3 rounds.

Business tech

Sigstr Secures $5M Series A to Build the Next Generation Marketing Platform


Sigstr, a cloud platform for employee email personalization, has secured $5 million in Series A funding. The round, which will be used to fuel product innovation and hiring, was led by Hyde Park Venture Partners and included participation from Battery Ventures, HubSpot, Grand Ventures and High Alpha Capital.

FAO: Sounds like a good deal for the company led by its founder & CEO, Dan Hanrahan.

Retail banking

What Key’s Fintech Investments Say About Commercial Payment

Bryan Yurcan – American Banker

Commercial payments are an area overdue for innovation, one where it’s frustratingly hard to break old habits. KeyCorp is one of a handful of banks that have spotted the opportunity.

FAO: Last week KeyBank has acquired a stake in Billtrust, a provider of automated invoice-to-cash solutions.

Cap Markets & Other

Peer-to-peer Lending Websites Struggle To Attract Borrowers

Financial Times (subscription)

FinTech People

Former NLX Chief Takes Interim CEO Job at UK Fintech Body

Waters Technology

Charlotte Crosswell will take over as the CEO of Innovate Finance from the end of August 2017 after the departure of Lawrence Wintermeyer, who has held the post since May 2015.

She will lead the group, which was established in 2014 to advocate for UK fintech firms, on an interim basis until a successor for Wintermeyer can be found.

FAO: Good luck to them!

Accelerators & Hubs

The 5 Driving Factors Behind ASEAN’s Imminent FinTech Boom

Markus Gnirck – Forbes

Which region will be responsible for the next big development in FinTech? My money is on ASEAN. Although fragmented, the numbers are staggering.

FAO: Any FDN reader can feel fintech is booming in Asia, with Singapore, HK and few other hubs competing for the top spot. Check our Archive to read some of the latest fintech developments in Asia.  


Lack Of Consumer Trust Is More Than A Fintech-nicality

Financial Times (subscription)


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

DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News