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Fintech

·Apr. 21, 2017

Fintech Leads AI Investment Deals in Q1 2017

41 fintech artificial intelligence deals occurred in the first quarter of 2017; other top industries for investment in the first quarter included sales and client relationship management and health care; overall, there have been 2,320 total deals from the first quarter of 2012 through the first quarter of 2017 accounting for investment of $15.4 billion. Source

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Europe Fintech News Roundup

·Apr. 21, 2017

Follow Up Friday: European Investment Fund Analyzes Venture Capital Investments

The European Investment Fund (EIF) supports venture capitalists across Europe. Its publication, "The European venture capital landscape: an EIF perspective Volume III: Liquidity events and returns of EIF-backed VC investments," studies the investment performance of over 3,600 EIF-backed venture capital investments made from 1996 to 2015. Its primary goal is to identify the effects of the EIF's venture capital activity.

Results across venture capital investments are wide ranging with 4% of exits returning more than five times the investment and generating 50% of the total aggregated proceeds. Among these successful exits are 152 company IPOs of EIF-backed start-ups from 1996 to 2015 on 20 different stock exchanges around the world.

Investment from the European Investment Fund could be an important factor for the UK to manage as it exits from the European Union. Approximately 20% of the EIF's investment has been in the UK and over the past four years the EIF has invested EUR2.8 billion in the UK directly. If funding ceases many venture capital firms may consider moving their headquarters to provide for continued EIF investment in EU locations. Source

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Fintech News Roundup Real Estate

·Apr. 21, 2017

CB Insights Reports on Real Estate Tech Investment

According to CB Insights, real estate tech received $2.6 billion in funding in 2016 across 277 deals; the category is broad including companies providing technology to brokers, investors, lenders, mortgage providers, property owners, managers and buyers; given current run-rates total volume for 2017 is expected to increase; notable financings include Homelink, PropTiger, Placester, Knock, OfferPad and Nested. Source

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Fintech News Roundup

·Apr. 21, 2017

Quint Group Awarded Queen’s Award for Innovation

Quint owns four companies in the consumer credit sector including Monevo, Monevo Data Services, CreditAngel and MoneyGuru; according to the announcement: "The Queen's Award for Enterprise is widely recognized as being the UK's highest accolade for business success. The annual awards recognize British firms that have excelled in exporting, social or environmental good work, or innovation." Source

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Fintech News Roundup

·Apr. 21, 2017

Biz2Credit Partners for Small Business Financing in Puerto Rico

Biz2Credit has partnered with Puerto Rico's Oriental Bank to support online lending for the bank's commercial clients with a specific focus on small businesses; Biz2Credit and Oriental Bank will develop a digital lending platform for business credit cards, lines of credit, term loans, real estate loans, equipment purchases and SBA loans; the platform is reported to be the first of its kind in Puerto Rico. Source

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Fintech News Roundup USA

·Apr. 21, 2017

eOriginal Announces New CEO

eOriginal has appointed Brian Madocks as the firm's new CEO; co-founder Stephen Bisbee will become president of the firm working directly with Madocks on eOriginal's digital documentation offerings and the company's growth; Madocks brings 25 years of business technology and application software experience with work in executive roles at Rivitas Inc., Vitalyst Inc. and SunGard Higher Education. Source

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Fintech News Roundup

·Apr. 21, 2017

ConsenSys Hires New Director of Energy and Consulting

ConsenSys has hired Tyler Smith as its new director of energy and consulting; the firm has its headquarters in New York and focuses on global blockchain development; Smith joins the firm from BHP Billiton where he was the head of blockchain for the world's largest natural resources company; he has also been involved with numerous activities involving blockchain development; his work at ConsenSys will focus on Ethereum blockchain solutions for the energy industry. Source

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Fintech News Roundup USA

·Apr. 21, 2017

RealtyShares Releases 2017 Investment Survey

Survey provides insights on investors preferences for investing in real estate and demand for technology; the report shows only 2% of participants are very familiar with real estate crowdfunding providing opportunity for greater awareness of real estate investment platforms; additional highlights include statistics on investment performance perception, interest in real estate technology and thoughts on house flipping investments. Source

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Fintech News Roundup

·Apr. 20, 2017

Wealthfront Expands to Offer Lending

Robo adviser Wealthfront has announced in a blog post that it will expand its product offering to include loans; the firm is one of the premier robo advisers in the US; through a partnership with RBC Capital Markets, Wealthfront has uniquely designed a lending product for its current clients with at least $100,000; loans can be issued for approximately 30% of a client's account value. Source

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Fintech News Roundup

·Apr. 20, 2017

Alibaba’s Alipay and Tencent’s WeChat Processed over $3tn in 2016

According to a report from UN-based Better Than Cash, between Alibaba's Alipay and Tencent's WeChat, customers sent over $3 trillion in payments in 2016; the chart above shows how far the services have come since 2012; percentage of digital payments (online & mobile) went from 3.5% to 17% of all transactions over the same time period; Alipay and WeChat own 63% of the market for digital payments. Source

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