News Roundup Archives | Page 422 of 715

Lend Academy summarizes the activity of past LendIt PitchIt finalists in their article; a LendIt competition for startup businesses, PitchIt provides finalists the opportunity to present their business in front of a panel of judges and an audience of investors with the goal of receiving new venture capital funding for business growth; since 2015, PitchIt has helped support the success of the many finalists detailed in the Lend Academy article. Source

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Fintech News Roundup USA

·May. 2, 2019

Goldman’s Crypto Plans on Hold Until Market is More Stable

There has been a lot of speculation about a crypto trading desk...

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Europe Fintech News Roundup

·Apr. 30, 2019

New £1 Billion UK Debt Fund Targets Non-Bank Lenders

European Risk Capital (ERC) has launched a new fund for mid-market non-bank...

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Fintech News Roundup USA

·Apr. 2, 2020

Revolut Makes New Hires for US Business

Revolut recently launched their service in the US and has made some...

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Fintech News Roundup

·Mar. 24, 2017

Follow Up Friday: Recent Report Shows More Startup Companies in AI and Machine Learning over Blockchain

A recent report by Startupbootcamp and PwC points out that startup trends in 2016 moved towards artificial intelligence (AI) and machine learning companies compared to blockchain; the data shows that 16% of applications to Startupbootcamp are from artificial intelligence and machine learning companies, whereas blockchain applications account for only 6%; blockchain was certainly a bigger buzzword in 2016 but one reason that AI and machine learning has more startups is because companies like Google, Facebook and Amazon have made significant investments in the technology; additionally, the report points out that as blockchain becomes more industrialized more startups will use the technology instead of being a blockchain startup. Source

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Fintech News Roundup

·Jan. 31, 2018

Chinese Online Lenders Flock to SE Asia

Chinese lenders are moving into Southeast Asian countries to explore new opportunities in lightly regulated countries; according to Global Times, over 50 Chinese lenders have already launched overseas operations in countries like Indonesia and Cambodia; current entrants include well known names like CreditEase, Lufax and jimu.com; some lenders are opening up subsidiaries while others are focusing on partnerships with local companies. Source

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Fintech News Roundup

·Dec. 13, 2016

Juniper Research Releases Study Detailing Insurtech Platform Revenues

Juniper Research has released a study titled, "Fintech Futures: Market Disruption, Leading Innovators & Emerging Opportunities 2016-2021"; study finds that fintech platform revenues generated from supporting the insurance industry will total approximately $175 billion in 2016; the analysis projects that these platform revenues will grow at an annual rate of 34% with revenue of $235 billion globally by 2021; Juniper Research says growth will be driven by machine learning, increased use of mobile apps and blockchain technology. Source

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Asia/Pac Fintech News Roundup

·Mar. 20, 2017

Fintech Deals Increase by 29% in Southeast Asia

Southeast Asia reported 71 fintech deals in 2016, an increase of 29% from 2015; total deal value was down from $177 million at $158 million; angel and seed investments led for the year with 62% of total financings; in 2016, Singapore continued to be the region's most active fintech innovator with 52% of the year's total deals; the top three venture capital investors since 2012 are East Ventures, 500 Startups and Golden Gate Ventures. Source

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