by Florin Oprea
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.
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, 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.
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.
Nastassia Arendse – Moneyweb
Interviewing Jesse McWaters, the project lead of disruptive innovation in financial services at the World Economic Forum.
Financial Times (subscription)
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…
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.
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.
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.
Via Crowdfund Insider – FinTech 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