Dow Jones has released its European Venture Capital Report for the fourth quarter; shows venture capital investment in Europe increasing from the third quarter of 2016 and also from the comparable quarter in 2015; European companies raised approximately 2.93 billion euros ($3.11 billion) from 539 deals in the 4th quarter, a 35% increase from the previous quarter; the number of deals also increased by 9% from the third quarter; the UK was a market leader for investment with 122 deals totaling 754 million euros ($799.35 million). Source
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.
To join our newsletter community please subscribe here.
During the week I share the latest marketplace lending and fintech news...
MoneyLion’s new feature is called Grow Your Stack; will help customers see a visual representation of their account balance as ‘cash’ over the real world; the feature will leverage iOS 11’s ARKit technology; Tim Hong, Chief Marketing Officer at MoneyLion stated, “If I write that you spent $350 on coffee as text, versus if I show you that in terms of a [visual] stack, you may be more likely to change your habits,” he said. “Not everyone learns in the traditional way.” Source
The CEO and Co-Founder of TrueAccord discusses why a new data driven approach to debt collection is far more effective than traditional methods. Source
Investing startup Wealthfront is adding a new feature to their Path platform to help users with home buying; “With the introduction of Path’s home planning service, our clients can now easily plan for all of their major life milestones — from saving for their children’s future to one day retiring — with just a few taps on their phone,” said Andy Rachleff cofounder and CEO of Wealthfront to Business Insider; the new feature will use real estate dat from Redfin to help users explore the housing market and see whether or not they can afford a home. Source.
Last week the fintech world gathered in San Francisco for the 7th...
During the week I share the latest marketplace lending news on Twitter...
Brazil based digital real estate startup Loft has raised a $175mn series...
RateSetter has added additional detail to its annual performance statistics to provide greater transparency; the additional details provide data on loan originations by lending type with a breakdown of consumer and commercial loans; for commercial lending the firm will now also disclose loans to property developers, small and medium size enterprises, and wholesale lenders; the changes were prompted by a request from the Financial Conduct Authority for greater disclosure on wholesale lending across the industry; the update from RateSetter also included a report on a defaulted loan that RateSetter has taken onto its balance sheet to protect investors. Source