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Data: London FinTechs Netted $3.6B In VC Investments So Far In 2020

PYMNTS

billion in venture capital investments between January and September 2020, according to a press release from London & Partners emailed to PYMNTS. London is in second place globally with those numbers, the release stated, with first place going to San Francisco with $5.1 s FinTechs have long innovated to meet challenges.

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Here Are The Blockchain Networks Most Popular With Capital Markets Players

CB Insights

As blockchain tech gains commercial traction, a growing number of companies want to use it to reimagine the capital markets infrastructure that powers the trade of stocks, bonds, and other securities. The chart above shows the core blockchain tech being used by projects and corporates working on DLT applications for capital markets.

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Russia’s Ozon eCommerce Firm Nets $50M To Grow Logistics

PYMNTS

San Francisco-based Princeville Capital has announced a $50 million investment in Russian online retailer Ozon, which is partly owned by the Russian-based conglomerate Sistema. Ozon said Emmanuel DeSousa, managing partner at Princeville Capital, joined its board following the transaction. million, according to Reuters.

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StanChart Deepens China Focus With Innovation Lab Launch

PYMNTS

bank Standard Chartered is expanding its network of innovation labs with the launch of an eXellerator lab in Shanghai, reports said this week. 7) that the Shanghai opening adds to Standard Chartered’s existing network of labs, which are open in Singapore, Hong Kong, Kenya, London and San Francisco.

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Cryptocurrency Investment Firm Bitwise Raises $4 Million

Bank Innovation

Investors in this round included Kholsa Ventures’ Keith Rabois, General Catalyst’s Hemant Taneja, Blockchain Capital, Naval Ravikant, Suna Said, Adam Ludwin, Adam Nash and Elad Gil. Based in San Francisco, Bitwise is an investing fund that focuses on the top 10 cryptocurrencies by market […].

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Can Banks Solve their Small-Dollar Loan Problem with Fintech Partnerships?

Bank Innovation

Aura, a San Francisco-based fintech offering affordable loans to low to moderate-income households, wants to partner with banks to offer those loans to consumers who have traditionally been unable to secure them from larger institutions.

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Fintech Is Back

Bank Innovation

EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. But the fintech market has rebounded. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck.