by Florin Oprea
Julie Verhage – Bloomberg (premium subscription)
Banking and payments have reported the most deals in 2017.
FAO: Oh yeah, we know. Want to try our Archive to find many of them?
Lucy White – City A.M
Listed venture capital firm Draper Esprit announced that it will put up to £75m over the next five years in some of Europe’s top tech seed funds.It has already invested in crowdfunding companies Crowdcube and Seedrs, and announced it would be writing cheques for the latest funds of Transferwise backer Seedcampand Zoopla investor Episode1 Ventures.
FAO: And the sector is starting to look even busier in the next period. Good! We will be here to keep a close eye!
Pan Yue – China Money Network
Chinese P2P lending platform PPdai.com will seek an IPO on the New York Stock Exchange, marking the latest Chinese financial technology company to go public. PPdai.com is currently valued as a unicorn on China Money Network’s China Unicorn List with a US$2 billion valuation.
FAO: The Chinese fintech invasion is on full swing. Remember Beijing-based Qudian, a provider of online credit products, is also planning an IPO in the US, expecting to raise up To $825 Million, more here.
Yolanda Redrup – Financial Review
Melbourne-based online retail marketplace MyDeal.com.au is partnering with fintech start-up Prospa, allowing retailers on its platform to apply for loans of up to $250,000.
FAO: Win-win deal. Oh, Prospa recently raised $20m from Silicon Valley-based Partners for Growth.
Patrick Jenkins – Financial Times (subscription)
‘Regtech’ is a fast-growing area as Mifid draws close.
FAO: Indeed. Even the big boys need help to address Mifid, like Deutsche Borse, which bought RegTek Solutions earlier this year.
As experimentation and development of new fintech applications continues to grow, The Depository Trust & Clearing Corporation unveiled a new framework of nine key factors to assess when considering its impact on financial stability.
FAO: We agree, there is a certain degree of risk and this paper could be of help in assessing it.
Oscar Williams-Grut – Business Insider
Renaud Laplanche tries to “keep a positive attitude rather than focus on my frustration” when it comes to Lending Club.
DNT: An useful interview for those interested in fintech, with Renaud Laplanche, former CEO of Lending Club, now focused on a new online San Francisco-based lending startup named Upgrade.
FAO: Lending Club is a taboo subject for Laplanche. He resigned last year after an internal investigation that found he had violated the business practices of the company. Recently he got back on the lending scene with a new startup called “Upgrade”. Quite metaphorical…
Ryan Browne – CNBC
Andrew Parmley, the lord mayor of London – City A.M.
Dublin’s establishment as a major European financial hub has undoubtedly been aided by its close ties and proximity to London – the world’s leading financial centre – and it is now ranked seventh in Western Europe, ahead of Amsterdam, Jersey and Stockholm.
DNT: After the Brexit vote, it looks like all efforts are directed to “blood ties” in order to keep London on the top of Europe financial services. And some studies point that London is still doing a great job. But competition is getting stronger. Check out our Archive for more stories related to the competition between major financial centers like London, Frankfurt or Amsterdam.
FAO: The Brits surely know how to organize defense…It’s all hands on deck – now it’s the turn of Andrew Parmley, the lord mayor, to defend London’s position.
The private investment firm behind Singapore-based fintech hub Lattice80 has plans to make the city-state the center for artificial intelligence startups. And there is more to come yet.
DNT: Cool. We’re looking forward to it. By the way, the sentence “no day without Singapore” is checked again. We definitely can have a category with that name…
FAO: So a center for artificial intelligence startups and a blockchain hub, as a Singapore Central Bank Director touted the city-state…more here in Blockchain Daily News.
Tatjana Mitevska – Financial Times (subscription)
There are two categories: the Impact Award is for larger and more established fintech companies, which are starting to have an effect on the financial services industry, while the Innovation Award is for newer fintech companies that are bringing out novel solutions.
DNT: Worth checking the list. Some of the most important names among the industry’s heavyweights are there.
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News
DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News