FinTech Daily News – Edition 42, 30.08.2017
August 30, 2017
FinTech Daily News – Edition 44, 01.09.2017
September 1, 2017

FinTech Daily News – Edition 43, 31.08.2017

FinTech Daily News

by Florin Oprea

Edition 43, 31.08.2017

Deals, Investments & M&As

Global Chat Platform Kik To Launch $125m Token Sale

Gertrude Chavez-Dreyfuss – Reuters

Kik Interactive, the Ontario, Canada-based creator of the global chat platform Kik, valued at $1 billion, said on Tuesday it will launch in two weeks the sale of its own cryptocurrency which is expected to raise $125 million.

Kik is a free chat and messaging application built for teenagers, with about 300 million registered users. It was founded in 2009 by a group of University of Waterloo students.

FAO: How long will it take for a company with a customer base of 300m registered users to reach its $125m goal through a token sale? Let’s see…

AI Startup Appier Gets $33M

Catherine Shu – TechCrunch

Appier is Taiwanese startup that helps companies harness artificial intelligence to make marketing decisions.

FAO: This Series C funding round participants were: SoftBank, Line Corp., Naver Corp., EDBI and HK-based AMTD Group. Appier has raised a total of $82 million since its launch.

France & Sweden Are Scooping Up A Bigger Share Of Europe’s Fintech Deals Since Brexit

John Detrixhe – Quartz

France and Sweden’s share of financial technology deals in Europe has grown since Britons voted to leave the EU in June last year, according to research firm CB Insights.

FAO: Let’s park this research for now. Another proof that the Brits are starting to feel the increasing Brexit pressure. These are facts and we shall use them for an extended FDN research at some point in the future.

Wealth & Personal Finance

Dianrong & FinEX Asia Launch Asia’s First Fintech Asset Management Platform


FinEX Asia was established in 2017 to connect Asian investors with US consumer lending assets, such as credit card loans.

FAO: Chinese P2P firm Dianrong has managed to reach about $440m in funding since 2013.

Retail banking

Plaid Delivers Bank Account Integration To Enterprise Developers

Ron Miller – TechCrunch

Plaid, which is best known for helping financial services customers build applications with direct connections to their users’ bank accounts, announced today that they have released a new SDK to bring that same type of functionality to enterprise developers.

FinTech People

Putin And Ethereum: A Match Made In Fintech

Madhvi Mavadiya – Forbes

Russian state-owned development bank Vnesheconombank (VEB) and other government ministries unveiled a blockchain research center to be headquartered at the National University of Science and Technology in Moscow, as part of a digital initiative led by Putin.

FAO: As you all know by now, Putin met the founder of Ethereum (second in market cap, after Bitcoin), Vitalik Buterin, in June (reported in Blockchain Daily News soft launch editions). Since June there were multiple other endorsements from various Russian high-level politicians. Russia is even discussing a “crypto-ruble” in the near future. Interesting developments…check our BDN Archive for more related coverage.


European Regulation Becomes a Catalyst For Fintech Investment in the US

John Adams – Payments Source (subscription)

New European standards require greater data sharing to accommodate faster transaction processing, mobile payments and other digital efforts — a trend that is also inspiring new collaborations across the pond.

Accelerators & Hubs

LaunchVic Announces Fourth Round Of Funding To Replace 500 Startups Accelerator

Angela Castles – Smart Company

LaunchVic will use its fourth round of funding to attract Australian and international accelerator programs to fill the absence left by the termination of the 500 Startups-run 500 Melbourne accelerator program in August.

FAO: Other consequences of this summer’s mega scandal?



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

DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News