What does the #coronavirus crisis mean for #FinTech?
Chris Skinner
APRIL 21, 2020
Someone asked me what the coronavirus pandemic means for the future of FinTech. appeared first on Chris Skinner's blog.
FinTech N26 Mulls New Funding Round
PYMNTS
OCTOBER 12, 2020
billion, Berlin-based FinTech N26 is exploring seeking additional investments in calendar 2021, Bloomberg reported Monday (Oct. N26 already has raised nearly $800 million in venture capital, Bloomberg reported, including a $100 million round in May 2020. Venture capital investment in Europe’s FinTech industry has surpassed $35.4
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Hong Kong’s FinTech Strategy
Chris Skinner
MAY 10, 2017
It shows how important FinTech is when major financial centres vie for focus. London has been leading the charge to be the FinTech capital of the world, but many other cities are nipping at their toes. So I was intrigued to see Hong Kong issue their FinTech strategy today. Does this matter?
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Glint Plans Expansion To US, Tata Capital Launches Working Capital Platform
PYMNTS
JULY 12, 2018
and Tata Capital has rolled out a new lending platform in India. At first, the company will be referred to as ‘TransUnion, formerly Callcredit’ and will then be known as just TransUnion later in 2018. In other news, India’s Tata Capital has rolled out an online working capital platform for its customers, the company said.
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Helping FI’s Develop Their ‘FinTech Sense’
PYMNTS
JANUARY 28, 2020
They are heavily regulated and require heavy investment,” both in terms of capital and human resources. “It It takes time and it takes capital [to go deeper into digital],” he continued. “It “Traditional financial institutions are not exactly known for their agility,” he said. But that’s not the whole story, of course.
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Nigerian FinTech Kuda Raises $1.6M For Digital Banking Tech
PYMNTS
SEPTEMBER 11, 2019
Unlike other FinTech startups, Kuda was granted a banking license from the Nigerian Central Bank. We can also take deposits and connect directly to the switch,” Ogundeyi added, referring to Nigeria’s Central Switch, which speeds settlements and information. Aswani told the news outlet that he will also be on Kuda’s board.
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Fintech Unicorn pain as the public/private valuation inversion comes to an end
Bank Innovation
SEPTEMBER 27, 2016
Image source # 6 on our Fintech Predictions for 2016: The strange inversion we saw in 2015, when private companies were valued higher (on paper at least) than public companies, will end in 2016. The headlines will refer to Unicorpses. This is happening now. It is happening in private unless Read More.
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How $12 Billion in Fintech SPAC capital is teaching us about the economics of target unicorns
Lex Sokolin
FEBRUARY 18, 2021
The average size is about $300 million, and quite a few are focusing on Fintech and financial services. Here, for comparison, is similar data on venture capital funds?—?printing Let’s narrow down the story to Fintech, using data from Spactrack. That is a 100% increase in capital looking for quality fintech assets.
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How $12 Billion in Fintech SPAC capital is teaching us about the economics of target unicorns
Lex Sokolin
FEBRUARY 18, 2021
The average size is about $300 million, and quite a few are focusing on Fintech and financial services. Here, for comparison, is similar data on venture capital funds?—?printing Let’s narrow down the story to Fintech, using data from Spactrack. That is a 100% increase in capital looking for quality fintech assets.
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FinTech Partnerships With FI Marked By Global Scope
PYMNTS
JUNE 15, 2018
In addition, corporate clients will be able to apply for working capital loans and make vendor and salary payments. In reference to the partnership’s advantages, the firms said, is the elimination of manual data entry and accounting. Auto bank reconciliation will also be available to SMEs.
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Deep Dive: How FinTechs Harness Machine Learning To Approve SMB Loans More Quickly And Safely
PYMNTS
AUGUST 20, 2020
The following Deep Dive explores how these issues are hindering SMB financing as well as how FinTechs are exploring technologies to overcome these issues and give SMBs the help they need to thrive while the world economy faces its biggest challenge in years. FinTechs that harness ML to process loan applications were approving 57.2
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Will Janensch on blockchain and capital markets
BankNXT
APRIL 26, 2017
Matt Applegate talks to Will Janensch of Concur Reference Data about blockchain solutions for capital markets in the latest Wharton FinTech Podcast. Will Janensch on blockchain and capital markets on BankNXT.
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Monzo Sees 40 Percent Drop In Valuation In VC Deal
PYMNTS
JUNE 16, 2020
Monzo’s precipitous drop in value was revealed when the virtual bank recently landed $75 million in new funding to weather the coronavirus crisis from a group of investors that reportedly includes Vanderbilt University and Swiss fund Reference Capital. However, this new injection of capital values Monzo at $1.5
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FinTechs Link With FIs Down Under And Beyond
PYMNTS
AUGUST 21, 2018
Increasingly, digital strategy is in the purview of banks and non-bank lenders, who in turn are seeking pairings with FinTechs. The insurance FinTech, said the site, will seek to offer insurance contracts that are binding in real time, whereas traditionally insurance companies have finished the process. The FinTech is Finserve Africa.
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Challenger Banks Raise Record Funds To Take On Traditional FIs
PYMNTS
AUGUST 13, 2019
The $2 billion was raised in 55 rounds of funding through July 31, with customers depositing more than $30 million, the FT said, referring to a report released by search firm CB Insights. The bank-FinTech collaboration trend has hit the small business customer segment particularly strong.
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164 How FinTech Tackles Financial Inclusion For India’s SMBs
PYMNTS
JANUARY 3, 2020
With a robust community of technological innovators, and a drive toward the digital economy, India currently stands as an exciting market in FinTech. Trust is a vital component to supporting small businesses’ digitization journeys and access to capital on demand. Building Financial Trust.
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What Open Banking Means For China, Challenger Banks And SMBs
PYMNTS
FEBRUARY 27, 2020
At the same time, digital banks are looking to capitalize on their growing small and medium-sized business (SMB) customer base, with open banking and bank-FinTech collaborations an important part of that strategy. Fifth Third Bank Taps FinTech For SMB Lending. Small businesses continue to embrace digital banking.
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What SMBs’ Cash-Flow Crisis Means For Fintech
CB Insights
APRIL 22, 2020
Unlike larger, more established firms, they have small cash buffers and depend on external capital to sustain growth. GET THE 102-PAGE State of fintech REPORT. Below, we dig into how the financial difficulties that many SMBs face could impact fintech companies (especially B2B fintech startups).
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Community Banks Aim To Amplify Competitive Edge With FinTechs
PYMNTS
JANUARY 9, 2018
INTRUST Bank recently announced it is also taking part in the trend of collaborating with FinTechs. In July 2017, the Federal Deposit Insurance Corporation (FDIC) held a meeting with a group of community bankers which told officials about the competitive pressures they’re facing from FinTechs.
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FinTech Is Flourishing South Of The Border
PYMNTS
SEPTEMBER 16, 2016
Before we jump into the post, here are a few quick facts about Mexico and its tech scene: The country of Mexico has roughly 121 million people and is often referred as the “most populous country in LAT” due to its large population and economy. The capital city is Mexico City, which alone is home to almost 9 million.
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Is Human-Robo ‘Hybrid’ Advisory the Best Way to Manage Finances?
Bank Innovation
SEPTEMBER 6, 2016
Roboadvisors are hot in financial and wealth management at the moment, despite the fact that “roboadvisor” can essentially refer to any online service that generates automated investment advice.
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Rethinking The SME Loan Underwriting Model In Southeast Asia
PYMNTS
MARCH 10, 2020
The small business credit gap is a global issue, a problem that banks and FinTechs continue to hack away at, yet one that remains stubbornly persistent. It’s a self-perpetuating scenario that keeps barriers to capital in place. Asymmetric Information Exchange.
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The Lines Are Blurring Between Alternative, Traditional SME Finance
PYMNTS
JULY 19, 2017
The BBB, which was established by the government for the purpose of facilitating access to capital for SMEs, has worked with alternative lending firms to meet its goals. In 2015, it struck a deal with Hitachi Capital to provide a $151 million credit facility for the purpose of asset and equipment financing. As the U.K.
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Alt-Lending Conglomerate TruFin Lands $97M In IPO
PYMNTS
FEBRUARY 14, 2018
The firm is the holding company for an array of FinTech companies operating in supply chain finance, invoice finance and the dynamic discounting market. Its units include Distribution Finance Capital, Satago and Oxygen Finance, while it also owns a minority stake in peer-to-peer (P2P) lender Zopa. reports noted.
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Muted Activity Marks Chinese Investment Into November’s End
PYMNTS
DECEMBER 1, 2017
Singapore-based FinTech platform Active.AI million from Vertex Ventures, which is the venture capital arm of Temasek Holdings. With some reference to fund flows from China — outward-bound, in other words — into India, CNBC.com reported that direct investment stood at about $1.6 said it raised $8.3 billion in March of this year.
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Digitise vs. Digitalise
Bank Innovation
JUNE 15, 2017
When I refer to the two terms I’m typically referring to the distinction between operational efficiency achieved through digital means and the transformation of business activity to digital environments. John, you often speak about the distinction between “digitise and digitalise”, how is that they differ?
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Austin Is Bringing The FinTech Heat
PYMNTS
AUGUST 26, 2016
That couldn’t ring truer for the state’s capital, which many consider to have a tech scene bursting with potential and growth. Last year, 147 companies in Austin’s digital tech ecosystem raised more than $966 million in new capital, with more than $3.9 You know what they say, everything is bigger in Texas. billion in exits.
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100 Banking"s Top 5 Total Return to Shareholders: 2020 Edition
Jeff For Banks
DECEMBER 29, 2020
As a reference, the best SIFI bank in five year total return was JPMorgan at 33rd overall. Total return includes two components: capital appreciation and dividends. As a point of reference, the S&P US BMI Bank Total Return Index for the five years ended December 23, 2020 was 46.3%. First Capital, Inc. FS Bancorp, Inc.
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A Year in Financial Models, Fintech Valuations, Super Apps, Big Tech, Decentralized Finance, the…
Lex Sokolin
DECEMBER 31, 2020
A Year in Financial Models, Fintech Valuations, Super Apps, Big Tech, Decentralized Finance, the Multiverse, Pandemic, Revolution, Crypto Art, and the Nature of the Universe Hi Fintech futurists — You should be out partying! Is Ant Financial the best Fintech in the world? Or rather, you should be inside, partying. Runner up?—?
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A Year in Financial Models, Fintech Valuations, Super Apps, Big Tech, Decentralized Finance, the…
Lex Sokolin
DECEMBER 31, 2020
A Year in Financial Models, Fintech Valuations, Super Apps, Big Tech, Decentralized Finance, the Multiverse, Pandemic, Revolution, Crypto Art, and the Nature of the Universe Hi Fintech futurists — You should be out partying! Is Ant Financial the best Fintech in the world? Or rather, you should be inside, partying. Runner up?—?
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52 Yoco Notches $16M In Series B Funding; Volopa Taps Onfido For AI Technology
PYMNTS
SEPTEMBER 6, 2018
South Africa -based Yoco has notched $16 million in a Series B round led by venture capital firm Partech , the company said in an announcement. With the funding, the company plans to build out its network of merchants, attract more FinTech talent and invest in developing products.
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108 NatWest Links Businesses To MarketInvoice
PYMNTS
APRIL 12, 2018
Reports in International Finance on Wednesday (April 11) said NatWest is integrating MarketInvoice into its Capital Connections panel to help small businesses access financing when they are turned down for a loan by a traditional lender. announced a deal with MarketInvoice to link its corporate clients to invoice financing solutions.
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Acquire or Be Acquired 2024: A Race to Perform … and Earn the Right to Transform
Gonzobanker
FEBRUARY 1, 2024
Oh wait, this is the new asset size, in terms of $Billions, that people reference for banks …) Deposit Dynamics Deposit funding costs pose a big risk to banks. Joint presentations between bankers and fintechs abounded, showcasing collaborative initiatives. Five Hundred? (Oh
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Blockchain Use Cases for Corporate Banking
Celent Banking
AUGUST 9, 2016
Distributed ledger technology, often referred to as blockchain, threatens to disrupt the sector with its potential to improve visibility, lessen friction, automate reconciliation, and shorten cycle times. Both banks and Fintech firms alike are experimenting with DLT solutions for various corporate banking uses cases.
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100 How Open Banking Opens Doors For Alternative SMB Lenders
PYMNTS
DECEMBER 17, 2018
The obvious explanation is that FinTech financing platforms are still too new to the market for small business owners to have even heard of them. The biggest example of this effort is the bank referral scheme, a policy that requires banks to refer SMB clients to alternative financiers should they be rejected for a loan.
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Can Data Driven Lending Displace VC Funding For Some Firms?
PYMNTS
DECEMBER 17, 2019
CircleUp entered the market in 2012 as a data driven variation on venture capital (VC) funding to solve for part of that problem in retail and consumer packaged goods (CPG) firms. CircleUp is not, however, the only FinTech player eyeing the larger SMB market.
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iWoca Looks To Grow SME Alt Lending Access
PYMNTS
MARCH 30, 2017
Alternative lending was supposed to be the way SMEs broke through banking barriers to gain access to capital, enabling them to boost growth opportunities, investment options, commercialization of innovations and employment. based alternative lending FinTech iWoca. and SME’s access to alternative sources of capital.
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100 Funding Options Calls Out Banks’ Big-Biz Preferences
PYMNTS
NOVEMBER 22, 2016
“ Funding Options estimates that, without access to overdrafts, SMEs have less capital with which to expand current operations, invest in new assets or trade through tough times,” the executive said in his article, published Monday (Nov. “The referral scheme will leverage the U.K.’s
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National Funding Explores AltFin’s Uncertain Growth Trajectory
PYMNTS
OCTOBER 9, 2018
63 percent of small businesses applied for a working capital loan last year, data from S&P Global Market Intelligence recently found. It’s a far cry from the reputation of alternative lenders that was built on offering businesses access to capital when their first preference, the traditional bank, couldn’t provide financing.
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Fintech’s Headwinds & Tailwinds Amid The Covid-19 Pandemic
CB Insights
AUGUST 13, 2020
The fintech industry is continuing to mature, with Q2’20 setting a new quarterly record for $100M+ mega-rounds and seeing a host of exit activity, including filings to go public from Lemonade , nCino , and Rocket Companies. Free Download: State of Fintech q2’20. Embedded fintech gains traction across applications.
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Factoring Finds A New Face As The Bridge To Bank Loans
PYMNTS
APRIL 24, 2019
While the concept of selling unpaid invoices to someone who has the cash up-front has been around for centuries, modern-day financial services present companies with a slew of different options to access capital. AR financing can provide the working capital necessary to stay afloat while a company builds up revenue streams.
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HoneyComb Credit Helps Crowdfund Loans for Small Businesses (Fintech Startup of the Week)
Fintech Labs Insights
NOVEMBER 16, 2020
The startup crowdsources loans for much-needed expansion capital to main street businesses. Founder: – George Cook , CEO – Ken Martin (also VP RBC Capital Markets). Reference: George Cook of Honeycomb Credit delivers a 3-min pitch @FinovateSpring 2018 (May). A live deal on the platform (16 Nov 2020). HQ: Pittsburgh, PA.
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Visa Logs 700M Visa Direct Transactions, Contactless Payments Surge
PYMNTS
JANUARY 30, 2020
“We are growing our core payments business in three ways,” Kelly said on the call: Through large clients and markets, with additional progress in emerging markets (with partnerships in wallets and FinTechs) and by reducing friction in payments. Chief Financial Officer Vasant Prabhu said that through Jan.
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2021 GonzoBanker Awards
Gonzobanker
DECEMBER 17, 2021
A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. Best Fintech Acquisition by a Bank. Fintech Acquiring Bank.
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