Topics: Technology

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.   [...]

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 [...]

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 [...]

Malaysia Opens a Fintech Sandbox

Malaysia Opens a Fintech Sandbox

Malaysia is ramping up its forces in the global race for the newest fintech innovation. The Asian country has launched its first fintech sandbox with the help of the central bank. The regulatory sandbox will be open to both foreign and local startups.   Enhancing its fintech sector   Bank Negara Malaysia (BNM) had earlier started focusing its efforts in [...]

Japanese Lender to Launch a Fintech Venture

Japanese Lender to Launch a Fintech Venture

Traditional financial service firms are playing catch-up. The world is changing around them thanks to fintech revolution and the firms are trying to hold on. The solution for many has been to be part of the revolution, rather than just watch it go by. The Japanese lender, Mizuho Financial Group, is the latest to throw its hat in the ring. [...]

TransferWise’s Bold Move into Financial Services

TransferWise’s Bold Move into Financial Services

TransferWise has announced it will be introducing a new foreign exchange account. The new ‘Borderless’ account will mark the fintech startup’s first step into financial services and showcases the divergence between disruptive fintech and traditional financial firms.   TransferWise has so far attracted over $116 million in venture capital funding and last May, the fintech startup received a valuation of [...]

Are Silicon Valley’s VCs Losing Interest in Fintech?

Are Silicon Valley’s VCs Losing Interest in ...

Fintech has been booming in recent years. Investors of all kinds have flocked towards the industry and new fintech startups have been popping up all over the globe. But a recent Inc. post suggests Silicon Valley’s VCs might be losing interest.   VCs not as big of a player in fintech   Fintech companies had a surge in investment from [...]

Indian Fintech Startup Raises $5.3m

Indian Fintech Startup Raises $5.3m

Fintech startup PaySense has raised $5.3m in a Series A round, adding to its impressive fundraising efforts. The latest round was led by Jungle Ventures and it also featured Naspers Group and Nexus Venture Partners. The investment round is a clear example of the strength and attractions of the Indian fintech sector.   PaySense’s strong fundraising efforts continue   The [...]

China’s Central Bank Turns Attention to Fintech

China’s Central Bank Turns Attention to Fintech

China’s central bank has turned its attention to fintech by setting up its own committee. The People’s Bank of China announced the news on Monday.   The Financial Times reported on the bank’s official statement. In the statement, the bank said it is going to use the fintech committee “with the purpose of strengthening fintech work in research, planning and [...]

UK’s Innovate Finance Calls for Stronger Support

UK’s Innovate Finance Calls for Stronger Support

UK’s fintech sector is facing tough challenges. The Brexit negotiations haven’t properly started yet and the country is currently in the midst of a general election campaign. For the sector, this means uncertainty about the future.   On Thursday, UK’s fintech trade body called for the government and all the country’s political parties to pledge stronger support for the fintech [...]

Will Post-Brexit Jobs Come from the Fintech Sector?

Will Post-Brexit Jobs Come from the Fintech Sector?

Although the UK is currently focused on election campaigns, the business world is still trying to get its head around Brexit. The talk has turned into jobs and the industries the UK might rely on after it leaves the European Union. For many, the saviour is likely to be fintech.   Fintech will soften the blow   A number of [...]

Ex-Financial Ombudsman to Guide UK’s Fintech Sector Through Brexit

Ex-Financial Ombudsman to Guide UK’s Fintech ...

Sky News reported on Sunday night that it has learnt the identity of the person responsible for guiding the UK fintech sector through Brexit. According to the reporting, Natalie Ceeney, ex-Financial Ombudsman Service chief, will be in charge of this challenging role.   Taking on the challenge   Natalie Ceenie is to become the new chairman of Innovate Finance, with [...]