by Florin Oprea
Lynsey Barber – City A.M.
Atomico, the venture fund set up by Skype founder Niklas Zennstrom, led the £18.5m series B round with existing investors Ribbit Capital, Mosaic Ventures and Revolutionary (ad)Ventures also participating.
FAO: Good story for the start of the week…
JD Alois – Crowdfundinsider
Timelio, an online invoice financing marketplace operating in Australia, has received the backing of Anthony Thomson – a leading Fintech entrepreneur who is founder and Chairman of Atom Bank and founder and former Chairman of Metro Bank.
FAO: Timelio raised a total of $5.5M in 2 funding rounds since October 2015.
Lucy White – City A.M.
Banks will need to take measures over the coming years to mitigate the risks of fintech, according to a new report from the Bank for International Settlements (BIS).
FAO: An article discussing the latest consultative report issued by Bank for International Settlement.
Oliver Ward – Asean Today
With the global economy slowing and the banking industry staring down the barrel of heavier regulation after the 2008 Financial Crisis, innovation has taken a backseat in the retail banking sector. Almost ten years later, the lack of innovation and improvements in the banking industry have prevented it from meeting the demands of an increasingly digital population.
Dustin Blitchok – Benzinga
Plaid builds APIs that connect apps with users’ bank accounts and provides services such as ACH, income and identity verification.
The start-up, headquartered in San Francisco’s Financial District, aims to build a “fully inclusive fintech ecosystem.
Mark Calvey – San Francisco Business Times (subscription)
Stock-trading app Robinhood is joining the stampede of Bay Area fintechs heading to lower-cost cities to create jobs. Utah and Florida are among the big winners.
FAO: Stock brokerage Robinhood business model allows clients to buy and sell U.S. listed stocks and ETFs with no commissions.
Hugo Martin – Los Angeles Times
Social Finance Inc. has launched an internal investigation into claims of sexual harassment at the San Francisco company.
FAO: I reckon this started with last month’s lawsuit filed by a former employee of Social Finance. Check more details here.
Via The Telegraph – Interview with Starling Bank’s founder and CEO, Anne Boden, about the future of Fintech
Santosh Patnaik – The Hindu
Lattice80 would launch its operations in the city shortly. The firm is now scouting for space to open its office.
FAO: Lattice80 has started a very aggressive global expansion. Last week it has announced its plans for a London fintech hub…
Tom Lyons – The Business Post (subscription)
Fintech71, the Columbus, Ohio based start-up accelerator, has invested in the Dublin-based fintech company ID-Pal.
Mumbai-based startup accelerator Zone Startups today announced the launch of the second edition of its programme for women entrepreneurs building technology enabled ventures.
Equinix announced that it intends to offer €750 million in aggregate principal amount of its senior notes due 2025 – more here via PR Newswire
Upcoming event: Immersion Tour Hong Kong FinTech Week, 23-27.10.2017 – more details HERE
In every aspect of life, sentiment overshoots. We overbuy and oversell securities. The political pendulum swings from left to right. Shops run out of ultra-fashionable goods only to heavily discount excess stock a couple months later.
DNT: So true, the fake news are dangerous for the industry. That’s why, you need to choose a reliable source of information, like FinTech Daily News. Stay close!
FAO: Analysis offered by Ben Robinson, chief strategy officer at Temenos.
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News
DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News