FinTech Daily News – Edition 38, 24.08.2017
August 24, 2017
FinTech Daily News – Edition 40, 28.08.2017
August 28, 2017

FinTech Daily News – Edition 39, 25.08.2017

FinTech Daily News

by Florin Oprea

Edition 39, 25.08.2017

Deals, Investments & M&As

Blend Raises $100 Million in Series D Funding Led by Greylock Partners

PRNewswire

Blend, the Silicon Valley technology company propelling consumer lending into the digital age, has raised $100 million in Series D funding. The round was led by Greylock Partners with participation from Emergence Capital, 8VC, Lightspeed Venture Partners, and Nyca Partners, bringing Blend’s total funding to $166 million.

FAO: Told you it’s a very good week for VC funding. Check the following titles in this section and also check our Archive for this week’s editions.

PayTabs Raises US$20 Million Investment for its Global Expansion

PRNewswire

The investment will support PayTabs’ expansion in the MENA region, Southeast Asia, India, and several countries within Africa and Europe. Additionally, PayTabs will invest in new product developments such as digital payments to support their current and future customers.

Ezetap Gets $16m US-Based JS Capital

Economic Times

Ezetap, which offers merchant payment solutions, has raised $16 million in a new round of funding from US-based investment firm JS Capital Management, the venture fund of investor Jonathan Soros, as well as existing investors Social Capital and Horizons Ventures.

FAO: Ezetap’s previous funding round, a $23.5m Series C two years ago, was led by Social Capital.

Wealth & Personal Finance

Who Will Win The Robo Advisor IPO Race

Suleman Din – Financial Planning

It’s been a decade since the launch of the industry’s leading independent digital advice platforms — Betterment, Wealthfront and Personal Capital.

The question that now remains for all three: who will cross the IPO finish line first?

FAO: Betterment’s valuation is $800m while Wealthfront’s is $700m.

Retail banking

Fintech Companies Yet To Unseat Mainstream Banks

Nastassia Arendse – Moneyweb

Interviewing Jesse McWaters, the project lead of disruptive innovation in financial services at the World Economic Forum.

FAO:  WEF (World Economic Forum ) issued a report this week – we reported it yesterday.

Latest Developments & Agreements

Klarna Co-Founder Seeks To Spur European Tech Giving

Financial Times (subscription)

Fintech in China: What’s Behind the Boom?

Cliff Sheng & Jasper Yip – Brink News

China has struggled to shake off the perception that it’s lagging behind developed economies in technology and innovation. And while much of that perception is warranted, there is one industry where China can be considered a leader: fintech.

FAO: We had an “Asia day” yesterday in FinTech Daily News. It’s an amazing year for fintech globally. But you already know this, since you are reading this newsletter…  

Accelerators & Hubs

San Francisco & Berlin Have New Competition For The Capital Of ‘Fintech’

Silvia Amaro & Willem Marx – CNBC

Dubai is fast becoming a destination for financial technology startups because of its location, private investment and innovation.

FAO: Not so fast…UAE is indeed investing a lot in this sector but there’s still a long way to go in order to reach a leading position.

Swiss Fintech Steps Up Global Hub Drive

Matthew Allen – Swissinfo.ch

Switzerland has attracted another cryptocurrency start-up to its ranks, in the shape of Breadwallet, as it strives to become one of the hottest global centres of the fintech revolution.

FAO: Earlier this year, in June, Zug-based Crypto Fund AG launched a cryptocurrency fund based on the Cryptocurrency Index. Things are moving pretty fast in the Valley.

LATTICE80 Is Bringing Startups To Japan With FINOLAB Partnership

e27

Singapore-based fintech hub LATTICE80, which is run by VC Marvelstone Group, has signed a memorandum of understanding (MOU) with FINOLAB, a Japanese fintech hub located in Tokyo.

FAO: LATTICE80 recently announced its plans to open an India office.

Events

Via Crowdfund InsiderFinTech Australia and Next Money, along with the State Government of Victoria, a gearing up for their inaugural week long Fintech event –  Intersekt. The Fintech festival will be taking place in Melbourne, Australia from October 27 to November 3rd if you happen to be in Australia.

 

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

DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News