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News Roundup
This page contains an archive of the Global Newsletter summaries and the weekly fintech news roundups.
Every day the Fintech Nexus news team scours the globe for the most important stories of the day to include in our daily newsletter.
Then every Saturday we bring you our weekly news roundup of the top 10 fintech stories of the week with commentary from Peter Renton.
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The idea was conceived a couple of years ago when Bo Brustkern...
The 2018 Joint Economic Report included a section dedicated to cryptocurrencies and blockchain for the first time; the report provides an overview of the nation’s economic status and provides ideas for the next year; this is a big sign for the emerging market as the report is put together by members of the House and Senate; the report says blockchain can be used to help fight cybercrime and protect the nation’s economy and infrastructure; it also states that congress, regulators and the public need to better understand the new technologies. Source.
Qonto is a french startup building a modern business banking solution, aiming to become "The banking alternative for entrepreneurs and startups" according to its website; the company raised $1.7 million from Peter Thiel's Valar Ventures and Alven Capital; Valar Ventures has also invested in digital bank N26 and TransferWise; Qonto wants to provide a wide variety of services including allowing receipt uploads to make filing taxes easier; they plan to integrate with other fintech products to transfer money and manage payments; launch is currently slated for April. Source
Crypto and blockchain startups have raised more than $850mn of VC funding...
- Wunder Capital's 2017 Year in Review
- ID Finance Raises $8.5m via Exchange-traded Bonds to Support Growth
- RateSetter’s Australian business hits $200m milestone
- Avoka celebrates $12M raise
- State Street backs UK fintech start-up PensionBee
- LendingUSA Secures $60m Credit Facility
- iZettle Grabs $47M Additional Funding, Eyes Market Expansion
- First National Bank Plans Online SMB Lending Portal
- South Korea considers cryptocurrency tax as regulators grapple with 'speculative mania'
- Aspiration Taps $47 Million for Conscientious Banking
Facial recognition startup Megvii Face++ raised $460mn in their most recent investment round led by China State-Owned Venture Capital Fund and the China-Russia Investment Fund; Ant Financial was also involved in the round and the company did not disclose valuation, though their most recent round valued the company at $1.5bn; Face++ uses facial recognition to identity people and counts Ant Financial and the Chinese government as two of their biggest clients. Source.
Remine Raises $30M in Series A Funding Bank of England FMI Annual...
Gary Cohn, former Director of the U.S. National Economic Council, writes in...
UK base challenger bank OakNorth launched a new mortgage product aimed at...