by Florin Oprea
Sean Lightbown – PitchBook
London-based accelerator Entrepreneur First has raised $12.4 million in a round led by Greylock Partners. The startup, which closed a £40 million fund last year to invest in its alumni companies, also welcomes Greylock partner and LinkedIn co-founder Reid Hoffman to its board.
FAO: Entrepreneur First raised a total of $22.05m in 4 funding rounds since 2013.
Anna Irrera – Reuters
The U.S. banking regulator, the Acting Comptroller of the Currency, said on Wednesday that he is not ready to accept applications from financial technology companies seeking a special purpose federal charter.
Via Business Insider – Oliver Bussmann, former CIO at UBS, joined the team behind IOTA, the ninth largest cryptocurrency on the market.
FAO: There is an upward trend of financial/bank professionals leaving the “classic” financial sector to join the ”cryptoverse”. Speaking of which, does Jamie Dimon (JPMorgan boss who slammed “cryptos” the other day) know his former employee Blythe Masters?!??She is the CEO of Digital Asset Holdings, a fintech firm developing DLT…
Kate Prince – Business Insider
If Australia wants to lead the next wave of fintech innovation, it needs the next generation of start-ups to be successful.
FAO: Stone & Chalk’s CEO Alex Scandurra believes start-ups need four key things in order to succeed: Customers, Funding, Talent, Expertise…
Carlos M. Gutierrez, Jr. – Huffington Post.
Washington finds itself attempting to perform a tight balancing act as it begins to sort out how to enact meaningful legislation which promotes and encourages FinTech innovation, while at the same time protecting consumers from potential risks.
The United Arab Emirates and Malaysia have agreed on cooperation in FinTech innovation.
The New York Times
WeWork Cos filed a lawsuit against Chinese company UrWork for trademark infringement in a federal court on Tuesday and demanded the firm stop a planned launch in Manhattan where the New York-based shared workspace company dominates the market.
Valentina Kirilova – Leap Rate
Together with Copenhagen Fintech Lab Saxo are opening the door to connect and foster relationships with Fintech startups on a global scale.
DNT: Saxo Bank celebrates, this month, it’s 25 year anniversary. In august, the bank reported a 4% increase of trading volumes. Congrats for the results, for the anniversary and, of course, for joining Fintech Lab.
Oscar Williams-Grut – Business Insider
Some of the UK’s top financial technology businesses have formed an industry body to protect and promote the sector’s interests post-Brexit.
FAO: Unus pro omnibus, omnes pro uno: TransferWise, Funding Circle, Onfido, Monzo, FreeAgent, MarketInvoice, and Starling Bank.
The Detroit Fintech FinTech Association announced plans to cement Detroit as a hub for FinTech innovation and to grow the existing culture of technology-driven financial services through a campaign raising awareness of the incredible financial technology hub that is forming in the city.
FAO: Very good for Detroit!
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