FinTech Daily News – Edition 74, 17.10.2017
October 17, 2017
FinTech Daily News – Edition 76, 19.10.2017
October 19, 2017

FinTech Daily News – Edition 75, 18.10.2017

FinTech Daily News

by Florin Oprea

Edition 75, 18.10.2017

Deals, Investments & M&As

Qudian Raises $900 Million In Biggest U.S. Listing By A Chinese Fintech Firm

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…

Fintech Co BlueVine Raises $130m

Globes

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.

Feedzai Closes $50M Series C To Help Banks And Merchants Identify Fraud With AI

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.

BankBazaar Raises $30 Million From Experian

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.

 

Gurgaon Based Insurance Startup RenewBuy Gets $9.2 Mn From Amicus

Moneycontrol

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.

Insurance

Hong Kong-Listed ZhongAn Exercises Over-Allotment Option As Shares Jump After IPO

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.

Wealth & Personal Finance

Robo-Advice To Be Bigger Than BlackRock, Claims Report

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.

FinTech People

Ron Suber: We Are In The Golden Age Of Fintech

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.   

Other news

Watch The First Four Episodes Of The Silicon Valley Mockumentary ‘Bubbleproof’

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