Markets: North America

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 [...]

The Buoyant Fundraising Market in Europe Continues

The Buoyant Fundraising Market in Europe Continues

The European fundraising market is looking strong and aggressive. Its latest beneficiary has been Star Capital Partners. The private equity group announced this week it has raised €800 million in the upbeat market. But as fundraising has heated up, suitable assets are becoming harder to come by – turning fund’s attention away from the region.   Star Capital breaks the [...]

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 [...]

Apollo Global Management Creates the Largest Buyout Fund

Apollo Global Management Creates the Largest Buyout ...

Private equity is not going anywhere. The latest proof is about to be revealed soon, according to reporting by CNBC. Sources close to Apollo Global Management are suggesting the private equity firm is about to close its latest buyout fund. The fund is set to become the largest in the history of buyout funds.   Breaking records   The previous [...]

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.   [...]

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 [...]

Modest Start to Global Fintech Investment in Q1 2017

Modest Start to Global Fintech Investment in Q1 2017

KPMG has published its Pulse of Fintech, which covers the global fintech industry performance for Q1 of 2017. KMPG’s research finds global fintech investment to have a modest, yet solid start to the year, with a few strong performers to lead the way.   Global fintech investment falls slightly   The KMPG research shows the first three months of the [...]

Nasdaq Enters the Race to Attract Fintech Companies

Nasdaq Enters the Race to Attract Fintech Companies

Nasdaq announced on Wednesday it’s launching a dedicated venture investment unit to find the best fintech firms to collaborate with. While the investment program has unofficially been operating since the late-2015, the new unit will look to harness more long-term benefits to Nasdaq’s client base. It could also increase competition in the fintech sector in terms of investments.   Looking [...]

MoneyGram Gets a Sweetened Deal from China

MoneyGram Gets a Sweetened Deal from China

The US fintech firm MoneyGram has received an increased buyout deal from China’s Ant Financial. The reports suggest the Chinese company increased its bid to buy the fintech firm by 36%, but regulatory hurdles are still on the horizon.   Improving the bid to acquire the fintech firm   Ant Financial, which is an Alibaba subsidiary, has offered to buy [...]

Private Equity Brews Another Big Investment

Private Equity Brews Another Big Investment

TSG Consumer Partners announced it has bought a stake in a UK craft beer company. The deal leaves the US private equity firm with a 22.3% stake in BrewDog, with the brewer already considering an initial public offering.   The deal's finer details   BrewDog started in 2007 when founders James Watt and Martin Dickie began their venture in the [...]

KKR Raises a Large Americas-Focused Private Equity Fund

KKR Raises a Large Americas-Focused Private Equity ...

Private equity firm KKR has raised a $13.9 billion fund. The fund will focus on private equity deals in the US, Canada and Mexico and it is the largest fund to focus on the region. The firm announced the KKR Americas XII Fund on Monday.   The fund’s objectives   KKR is set to invest around $1.4 billion from the [...]

Booming Private Equity Buyout Levels in the UK

Booming Private Equity Buyout Levels in the UK

The start of the year has witnessed record levels of private equity buyouts of UK companies. The deal value and number suggest investors are opting for putting their money work, even though the markets might face turmoil in the coming months.   Record level deal numbers   In the first two months of the year, 30 global private equity buyouts [...]

Private Equity Hopes Remain High for Trump Era

Private Equity Hopes Remain High for Trump Era

Some of the world’s largest buyout funds have outlined their hopes for favourable taxation under Trump. Executives believe the industry is going to see bullish behaviour in the coming months and hopes the Trump Administration will soon announce the tax reforms.   Trump gave his first speech to Congress on Tuesday. He didn’t reveal a lot of information regarding his [...]

Trump’s Speech Offered Little New Details

Trump’s Speech Offered Little New Details

US President Donald Trump addressed the Congress for the first time on Tuesday. His speech revived many of his campaign themes but offered little new details on policies. There were also a few major omissions during the speech – corporate tax rate cut and relaxation of financial regulation were not mentioned.   Trump’s speech had a more conciliatory tone to [...]