by Florin Oprea
Nikhil Subba, Diptendu Lahiri – Reuters
China’s online micro-credit provider Qudian raised $900 million in an IPO that priced above expectations, underscoring robust U.S. investor demand for fast-growing Chinese companies.
FAO: Here’s another big Chinese success on a US exchange (as expected), just ahead of the 19th national congress of the Communist Party of China…
Israeli fintech company BlueVine is expanding its online business lending operations with new debt financing of up to $130 million from banks and investors.
FAO: Another investment on Israel’s crowded fintech scene.
John Mannes – TechCrunch
Feedzai is announcing a $50 million Series C led by an unnamed VC with additional capital from Sapphire Ventures. The six year old startup builds machine learning tools to help banks and merchants spot payment fraud.
FAO: Total funding of the company reaches $76m.
Swaraj Singh Dhanjal – Livemint
Financial marketplace BankBazaar has raised $30m from UK-based credit rating agency and information management company, Experian Plc, in its latest round of funding.
FAO: Total funding of BankBazaar reaches $109m from four rounds.
RenewBuy, an online insurance aggregator based in Gurgaon announced an equity fundraising of about USD 9.2 million from mid-market growth fund Amicus Capital.
Carrie Chen – Nikkei Asian Review
ZhongAn said the global coordinators of its IPO have fully exercised an over-allotment option, following a rally in its shares.
FAO: ZhongAn was the biggest fintech IPO in HK, where it raised 1.5b last month.
Daniel Lanyon – Alt Fi
Assets managed by robo-advice platforms and digital wealth managers could surpass that of incumbent giants such as BlackRock within a generation, according to a new report.
FAO: Easy to realize this as two of the biggest robo-advice platforms, Betterment and Wealthfront, are valued at $800m, and $700m respectively, and they plan their IPOs. More and more incumbent companies have manifested their interest in the space lately e.g. Aviva took the majority stake in Wealthify earlier this year.
JD Alois – Crowdfund Insider
DNT: Even if the title sounds a little bit like a truism in these days, I recommend this interview with Ron Suber, one of the big voices in the world of Fintech.
Anthony Ha – TechCrunch (video)
A New Mockumentary Series About The Startup World; Watch The First Four Episodes Of Bubbleproof.
DNT: Pretty cool stuff to see two prominent figures like Michael Fertik (founder of Reputation.com) and David Cowan (Bessemer Venture Partners) “play fictionalized (?) versions of themselves — the successful entrepreneur who becomes even more insufferable when he takes charge of a $200 million fund, and the venture capitalist who’s eager to share in the spotlight”.
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News
DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News