The ranks of “unicorn” companies have been infiltrated by a growing roster of crypto organizations that are dramatically rising in value. While the lineup of crypto unicorns are widely-known, the VC firms backing them are quietly positioning themselves to gain the most from the cryptocurrency revolution. There are currently over 27 fintech unicorns worldwide. Recent […]
Archive for the ‘FinTech’ Category
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Japanese fintech startup Paidy raises $55m Series C from ITOCHU, Goldman Sachs
July 13th, 2018 
Vera Tokyo-based fintech startup Paidy has raised a $55 million Series C round led by ITOCHU Corporation with participation from Goldman Sachs. The startup’s unique point is it allows users to buy online without creating an account or using credit cards. The transactions can be made through Paidy by entering the mobile phone and email for verification and […]
The Future Is Not Bright For Most Angel-Stage Fintech Startups
July 13th, 2018 Vera The landscape of payments, lending, artificial intelligence might seem bustling thanks to all the industry hoopla around it, but the success rate for a startup to make it in these fields — or for that matter any of 15-plus fintech segments — is slim. According to a new Medici report titled “Democratization of Startup Financing,”, […]
Saudi Regulator Approves First Two Fintech Licenses
July 13th, 2018 Vera Saudi Arabia’s Capital Market Authority has awarded first two fintech licenses on a trial basis to Riyadh-based firms – Manafa Capital and Scopeer – which qualify them to provide crowdfunding investment services in the oil-rich country. Individual investors will now be able to benefit from electronic crowdfunding platforms which will allow them to obtain shares in […]
Latest fundraising brings fintech brokerage a valuation of US$1.06 billion
July 12th, 2018 Vera Tiger Brokers, an online securities brokerage backed by Wall Street billionaire investor Jim Rogers, said its latest fundraising round had valued it in excess of US$1 billion, making it the latest start-up to join China’s booming club of unicorns. The company successfully closed a US$80 million Series C financing, bringing the company’s valuation to US$1.06 […]
Fintech firm Groww raises funds from Insignia, others
July 12th, 2018 Vera Online investment platform Groww has raised $1.6 million in a pre-series A funding round from Insignia Venture Partners, America’s Lightbridge Partners and Kairos fund. Existing investors, including CureFit founders Mukesh Bansal and Ankit Nagori, also participated in the round. Groww also counts the American seed accelerator, Y Combinator, as an investor. The Bengaluru-based start-up plans to […]
UK fintech industry fears Brexit-induced talent squeeze
July 12th, 2018 Vera Fintech industry investors and entrepreneurs have vented their concerns at London Fintech Week: with the UK’s imminent exit from the EU,the growing fintech sector is at risk of losing momentum, with access to talent and the continued ability to do business across the EU single market seen as vital. Venture capitalists, which invest hundreds of […]
Swiss Fintech Startup Map July, 264 Swiss Fintech Startups
July 11th, 2018 Vera Swisscom released the Swiss Fintech Startup Map for July 2018 which now counts 264 Swiss Fintech Startups, 14 more than in June. View the map
Singapore Launches Blockchain Centre to Help Small and Medium-Sized Firms
July 11th, 2018 Vera A Singapore-based fintech startup PLMP Fintech has launched a massive blockchain centre to help small and medium-sized businesses in a number of industries. The new blockchain centre will be known as The Blockchain Technology Creatanium Centre (BTCC). The BTCC is hoping to provide various blockchain-based services for small and medium-sized businesses wanting to get started using the […]
Investment flows into Nordic startups from all directions
July 11th, 2018 Vera Across the Nordic region, leading Swedish, Danish, Norwegian and Finnish private equity firms are showing an increasing level of interest in startups and maturing IT enterprises developing products in areas including digital finance and artificial intelligence. The higher level of capital invested by private equity firms in IT startups mirrors a parallel development where leading banks […]
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