Topics: Startups

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   [...]

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 [...]

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 [...]

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 [...]

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 [...]

Fintech’s New Challenger Bank Raises £32m

Fintech’s New Challenger Bank Raises £32m

Fintech is set to change the financial industry and it’s been especially focused on changing the traditional forms of banking. The online peer-to-peer lender Zopa has taken another crucial step to disrupting the traditional banking sector by raising £32 million. Zopa is preparing to launch its challenger bank and taking the fight directly to the old guard.   Wadhawan Global [...]

Growth Capital Ventures Attracts a £57.5m Investment Fund

Growth Capital Ventures Attracts a £57.5m ...

UK fintech firm Growth Capital Ventures has attracted a £57.5m investment fund. The investment fund comes after its recent £1.1m investment from private equity, which helped the northeastern firm to create over ten jobs in the region. The latest investment will go towards helping local small businesses access capital in order to grow.   Major investment fund to boost growth [...]

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 [...]

Barclays to Open Europe’s Biggest Fintech Centre

Barclays to Open Europe’s Biggest Fintech Centre

Barclays announced on Tuesday that it would be opening up Europe’s biggest fintech centre. Despite the worries around Brexit, the UK-based bank is counting on the country to remain an innovation hub for financial firms by opening its co-working space in London.   Focus on nurturing new fintech startups   While the innovation centre, which will be located in Shoreditch, [...]