by Florin Oprea
Lynsey Barber – City A.M.
The deal will see Aviva add Wealthify to its online services.
FAO: Robo-advisors are becoming acquisition targets. We know there are a few of them preparing their IPOs soon, like Betterment, now valued at $800m, and Wealthfront, valued at $700m, and we saw a growing interest from major players like Vanguard and Charles Schwab for the robo-advice space.
Today’s announcement is no surprise, since Aviva’s CEO, Mark Wilson, said earlier this year: “We want to turn Aviva into a fintech.” Aviva is actually hunting fintech companies – more here.
DNT: Major indeed for Aviva’s digital strategy. Congrats.
Sabrina Willmer, Kiel Porter – Bloomberg
BlackRock is in discussions to invest in fintech company Capital Preferences Ltd. to help bolster its focus on retail investors.
FAO: There were some interesting statements of BlackRock’s CEO, Larry Fink. He appears in today’s Fans’ Section (Blockchain Daily News) – FIND OUT what kind of fan he really is…
Adyen expanded its partnership with the world’s largest third-party mobile and online payment platform, Alipay, to enable retailers worldwide to easily accept non-cash payments from Chinese customers in store.
FAO: An expanded win-win…
Matt Weinberger – Business Insider
Stripe launched Elements, a new service designed to make it super-simple for developers to build checkout forms on their apps and sites that actually work. It’s free for Stripe customers.
DNT: Great! Online shopping can be, sometimes a hard challenge.
Yang Ge – Caixin
Tomi Kilgore – MarketWatch
Beijing-based Qudian, a provider of online credit products, disclosed Tuesday in a filing with the SEC that its IPO of American depositary shares is expected to price between $19 and $22 a share. With the company offering 37.5 ADSs for sale, it could raise up to $825 million.
FAO: Chinese companies are invading Western markets, as you all know. Qudian announced its intention last month.
Lynsey Barber – City A.M.
Legal and General has led a $53m investment into an innovative fintech startup which offers financing loans and savings people’s salaries.
FAO: Founded in 2015 SalaryFinance raised a total of $59.19m in equity funding in 2 rounds.
Joel Schlesinger – The Globe And Mail
Imagine a world where chatbots answer client e-mails regarding their investments, and software scours the Internet for the latest news, economic data and academic papers to create insightful investment reports. This might seem like the stuff of science fiction – albeit with a wealth management slant.
FAO: Yip, I think the world is already there.
Hunter Ruthven – Real Business
Starling Bank has launched its Starling for Business service, designed for entrepreneurs, sole traders and small business owners – 15 months after gaining its banking licence.
SoFi’s Plan To Become the Bank Of The Future Isn’t Going So Well
Julie Verhage, Selina Wang – Bloomberg
Now, with Cagney felled by a flurry of sexual harassment allegations, the question is whether SoFi has any chance of building the financial supermarket he envisioned
DNT: Looks like hard times for Sofi’s plans…after the “sexual harassment saga” but, despite the turmoil, the company is still attractive for consumers. The firm reported revenue of $134 million in Q2..
DNT: An interesting story that puts Berlin under the spotlight in an attempt to find out why the city is so attractive to entrepreneurs.
FAO: One of London’s main competitors – check our Archive for more related coverage.
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News
DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News