Industries: Finance

Fintech Firm Pushes the Banking Boundaries

Fintech Firm Pushes the Banking Boundaries

A mobile-only financial institution has taken a move towards acquiring a bank charter in the US. The fintech firm called Varo Money has filed a formal application and hopes to become a national bank. This private equity backed fintech firm is yet another firm to push the banking boundaries – while the authorities are trying to keep up with the [...]

PE Firm Finstar to Invest in Fintech

PE Firm Finstar to Invest in Fintech

Private equity firm Finstar Financial Group has announced a strong commitment to fintech. The Moscow-based firm is planning to invest $150 million in fintech startups in the next five years.   Targeting high growth SMEs   The private equity group is planning to target high growth SMEs and provide help to its portfolio companies in terms of R&D. Finstar has [...]

Banks in Brazil & the UK Preparing for Fintech Revolution

Banks in Brazil & the UK Preparing for Fintech ...

The digital revolution has changed the banking sector and more change is to come with fintech startups. Big shifts are currently taking place everywhere, but Brazil and the UK are preparing to be disrupted big time. Many experts believe the banking sector in these countries won’t be the same soon.   Brazil’s banking might go through the biggest change   [...]

Shift to Alternative Assets Gathers Pace

Shift to Alternative Assets Gathers Pace

Institutional investors are turning into alternative assets. The worldwide trend of opting for investments such as property, infrastructure, private equity and hedge funds has been gathering pace since last year. The shift to alternative assets has also driven up valuations of these illiquid assets – concern over returns is starting to mount up.   Alternative assets under management increasing   [...]

Swiss Fintech Gets an Investment from a Large Bank

Swiss Fintech Gets an Investment from a Large Bank

Another major bank has understood the value in investing in fintech, this time in Switzerland. Swiss-based private bank Julius Baer announced its investment in Nectar on Tuesday. The investment is the second big name to invest in the wealth management provider.   The latest investment in Nectar   The details of the new investment remain unknown. Nectar made the announcement [...]

JP Morgan Eyeing a UK Fintech Business

JP Morgan Eyeing a UK Fintech Business

The US bank has been relatively quiet in the acquisition department ever since the financial crash. However, it has regained confidence and according to reports, is now approaching a UK fintech business. Worldpay Group could become the bank’s biggest acquisition.   Preliminary approaches   Fox Business reported the board of Worldpay admitting the US bank has made a preliminary approach [...]

Famous University to Unload Over $2bn of Funds

Famous University to Unload Over $2bn of Funds

One of the world’s most famous universities, Harvard University, is close to selling its private equity holdings. The university is also planning to unload some of its venture capital and real estate funds at the same time. According to the reports, the assets the university is looking to unload are worth well over $2 billion.   Plans are emerging about [...]

Brexit Fears Defied by Fintech Startup Yoyo

Brexit Fears Defied by Fintech Startup Yoyo

The British mobile payment app has defied Brexit fears by fundraising an impressive £12 million. The successful fundraising round also highlights the strength in venture capital investment, according to the Financial Times who broke the story on Monday. The fundraising will be aimed at supporting the firm’s European and US expansion.   Big fundraising news for Brexit Britain   There [...]

Australia & Japan to Increase Fintech Cooperation

Australia & Japan to Increase Fintech ...

Australian financial authorities have announced a completion of a framework that will see them start cooperating with their Japanese counterparts. The framework is aimed at promoting innovation in the financial services sector, bringing the fintech sector in both countries ever closer to each other.   Details of the cooperation agreement   The Australian Securities and Investments Commission (ASIC) announced the [...]

Private Equity Investment Up by 64% in India

Private Equity Investment Up by 64% in India

Private equity investment in India is booming, according to the latest report by Grant Thornton. The report shows PE investment jumped by 64% in value terms in May. The region attracted $663 million worth of private equity investment during the month, driven by big-ticket investments.   Deal value improving, but deal numbers declining   While the deal value increased in [...]

How Are European Banks Investing in Fintech?

How Are European Banks Investing in Fintech?

CB Insights’ research in European banks investment in fintech makes an interesting read. The research company analysed private market fintech investments by assets under management all the way from 2012 to the current year and noticed banks are keen on fintech investments. With the current rate of investing, funding in European-based fintech firms might surpass $2.6 billion this year.   [...]

Private Equity Struggling to Raise Funds in the Middle East

Private Equity Struggling to Raise Funds in the ...

Private equity and venture capital funds are not performing strongly in the Middle East, according to the latest reporting. MENA Private Equity Association published its annual report, which shows a 41% drop in private equity and venture capital funds last year. In terms of the region’s winner, UAE attracted the most interest from private equity funds.   The report’s findings [...]

Could France Become Europe’s Innovation Hub?

Could France Become Europe’s Innovation Hub?

The French voted Emmanuel Macron for president earlier in May. The young and progressive Macron managed to excite the French and not least the financial sector. Macron’s background in finance and his passion for technology has led many to believe big things are about to happen in France’s fintech sector. Could the country become Europe’s innovation hub, especially as Britain [...]

The European Commission to Reboot its CMU Plan

The European Commission to Reboot its CMU Plan

The European Commission has revealed it would be rebooting its Capital Markets Union (CMU) plan. The Commission hopes it will strengthen Europe’s financial systems at a time when Brexit is looming over the continent.   The CMU was originally adopted in 2015 with the aim of helping businesses access investment across European border. There were 33 measures in the original [...]

Plynk Raises €25m and Plans to Expand Outside Ireland

Plynk Raises €25m and Plans to Expand Outside ...

Irish money messaging app Plynk has secured €25 million in its recent Series A round. The investment round was led by Swiss Privée Ltd, which is a private investment trust. The fintech firm’s next step is to launch the product in the UK and Europe.   The fundraising round   The €25 million investment round was led by the Swizz [...]