by Florin Oprea
Based in Aix-en-Provence, France, Linxo announced on 7 September that it had raised 20 million euros from Crédit Agricole, Crédit Mutuel Arkéa and MAIF.
FAO: Personal finance solutions from France.
The News Minute
Big Data underwriting FinTech startup CreditVidya has raised $5 million, led by Matrix Partners India.
FAO: Existing investor Kalaari Capital also joined the round.
Lynsey Barber – City A.M.
The UK’s ambitious fintech startups are eyeing success on the public markets with a third of them planning an IPO in the next five years. Transferwise, Revolut and World Remit are among the country’s innovative fintech companies with long-term ambitions of going public, signalling the burgeoning industry’s confidence.
FAO: A little too many are too ambitious if you want my opinion… A third is a big number in this case…Is this a peak for fintech? What do you think?
Yoolim Lee – Bloomberg
Adyen BV, a payments technology provider which counts Uber Technologies Inc. as a customer, is ramping up investment in the Asia-Pacific region to capitalize on surging adoption of e-commerce and mobile devices.
FAO: Adyen raised a total of $266m in equity funding in 3 rounds in the last 6 years.
ZhongAn Online Property and Casualty Insurance Co Ltd, China´s first internet-only insurer, secured Hong Kong stock exchange approval for its planned IPO which could raise more than $1 billion.
FAO: That’s about 4 times the value of the biggest completed ICO till date, Filecoin – more here in today’s Blockchain Daily News.
Jamie Williamson – Financial Standard
BNP Paribas Asset Management is adding digital advisory services to enhance the digitalisation of its distributors, buying a majority stake in a Belgian fintech company Gambit Financial Solutions.
Natalia Wojcik – CNBC
Automated financial advice is becoming more commonplace in the hunt for bigger returns, yet Pefin bills itself as “the world’s first [artificial intelligence] financial advisor.” The company aims to use machine learning to deliver a range of financial planning and investment advice via a chat interface.
US mobile point-of-sale firm Square is applying for an Industrial Loan Company (ILC) charter to support the expansion of its lending business, the volume of which grew 68% YoY in Q2 to $318 million, reports Paybefore (Banking Technology’s sister publication).
Oscar Williams-Grut – Business Insider
New figures highlight the fintech industry’s gender diversity problem, with women representing just 29% of staff in the sector.
FAO: Fortunately there are some initiatives driving the change. Sequoia Capital for example is running a mentorship program for hundreds of Silicon Valley women, reported here.
Via IT Businessnet: Insurtech Startup CoverWallet appoints former OnDeck executive, Paul Rosen, as Chief Operating Officer.
Phil W. Hudson – Atlanta Business Chronicle
Georgia State University’s J. Mack Robinson College of Business has opened the first business school-based fintech lab in Georgia and among the first in the nation. The fintech lab will span data analytics, finance, real estate, and risk management and insurance.
FAO: Another laudable educational push.
Bien Perez – South China Morning Post
Hong Kong’s securities, banking and insurance regulators are looking to offer greater guidance on fintech innovation in the city, following recent developments in the adoption of blockchain, artificial intelligence and so-called ICO.
FAO: Good! Speaking of HK, don’t forget to check the Events section, there is an interesting upcoming fintech event in HK next month.
JD Alois – Crowdfund Insider
DNT: Singapore again! Very interesting interview with Joe Seunghyun, the founder of LATTICE80 – the largest Fintech hub in the world and Co-founder and Chairman of Marvelstone Group, a Singapore based private investment group. Worth reading!
Upcoming event : This September, TechHub Bucharest will host Fintech Month, a program dedicated to Romanian Fintech startups – details HERE
Upcoming event: Immersion Tour Hong Kong FinTech Week, 23-27.10.2017 – details HERE
Upcoming event: Index Ventures is coming in force to TechCrunch Disrupt Berlin this December – details HERE
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News
DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News