Here Is Where CEOs Of Heavily Funded Startups Went To School

Crunchbase News looked at CEOs of U.S. companies funded in the past three years that have raised at least $100 million in total venture financing. The intent was to see whether educational backgrounds of unicorn and near-unicorn leaders differ markedly from the broad startup CEO population. The analysis showed that most CEOs of well-funded startups do have degrees from prestigious universities, and there are a lot of Harvard and Stanford grads. However, chief executives of the companies in our current dataset are, educationally speaking, a pretty diverse bunch with degrees from multiple continents and all regions of the U.S.

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London-based fintech unicorn Revolut adds the Cryptocurrencies Bitcoin Cash and XRP to its app

In December 2017, Revolut launched a feature that allows its 1.8 million customers to buy, hold and sell cryptocurrencies instantly from within the app. In addition to Bitcoin, Litecoin and Ethereum, Revolut has today added XRP and Bitcoin Cash to its list of growing cryptocurrencies. The addition of XRP and Bitcoin Cash stems from overwhelming demand from the Revolut community and the fact that major cryptocurrency exchanges are yet to support these digital currencies.

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Empire Startups Toronto 2018 FinTech Conference – June 27

Hear from those forging new trails in payments, blockchain, lending, robo-advisors, insurance tech, real estate and more. In addition to attracting hundreds of FinTech entrepreneurs, this conference also plays host to the investors and service providers that help accelerate startups. The audience can also look forward to keynotes, panels and demo updates from some of the top FinTech startups in the world.

When: June 27, 2018

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Empire FinTech Conference web-site

Meet the 35 most exciting young entrepreneurs, engineers, and advisors in UK fintech

Fintech is a big business in the UK. The British Treasury has now held two conferences to promote the country’s burgeoning fintech industry on the world stage and the government estimates that the entire sector is worth £7 billion to the UK economy. That’s up from almost nothing a decade ago. Business Insider has covered UK fintech since our 2014 launch. The UK Fintech 35 under 35 highlights the most promising young entrepreneurs, engineers, marketers, and sector experts under the age of 35. It spans both startups and big banks operating in the sector.

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Fintech: Next wave of innovation to focus on B2B needs

Inter-business transactions can be a headache for small and medium enterprises (SMEs) due to the extensive documentation required, not to mention the cost of transferring funds. Fintech could provide the solution, says Kerry Agiasotis, managing director and executive vice-president of Sage Asia Pacific. He believes that payment-related fintech solutions could help drive real efficiencies in cash management and provide insights into a company’s financial health. Agiasotis is also upbeat about how AI will change how businesses work. As commercial activities become increasingly connected, AI solutions will have access to big data to automate various processes.

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Fintech firm Plaid expands into Canada

The San Francisco financial technology infrastructure provider, Plaid, has announced it is expanding sales of its full application programming interface suite into Canada. This includes electronic funds transfer authentication and Auth endpoint. Plaid’s main business is connecting user bank accounts to financial applications. The Canadian expansion is the beginning of Plaid’s effort to provide services worldwide. As a part of the expansion, Plaid says it has added coverage for the largest Canadian financial institutions, including Royal Bank of Canada, TD Canada Trust, Bank of Montreal, CIBC and Scotiabank.

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Canaan Mining Company Is Planning the Biggest Ever Blockchain IPO

Canaan Creative, China’s second-largest bitcoin miner, submitted its IPO application to the Stock Exchange of Hong Kong (HKEX). The Beijing-based miner has yet to comment on its plans, but sources say it seeks to raise between $1 billion and $2 billion. The company aims to start trading shares in Hong Kong by July. Its application is still pending approval by HKEX. Canaan plans to go public at a time when mining profitability is in decline. Mining bitcoin is 60% less profitable today than it was in 2017, with retailers confirming a sharp decline in rig demand. In May of last year, Canaan raised 300 million yuan ($43 million) in Series A funding with participation from Jin Jiang International Group and Baopu Asset Management, among others.

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FinTech Hive at DIFC Opens Applications For 2018 Accelerator Program

FinTech Hive at DIFC, a fintech accelerator that was established by the Dubai International Financial Centre (DIFC), has announced that it is now accepting applications for its 2018 program, kicking off a competitive search for the top fintech and insurtech innovators in the region. FinTech Hive at DIFC will feature the Dubai Islamic Economy Development Centre (DIEDC) as a strategic partner again this year. The DIEDC will focus on reaching start-ups in Islamic finance, an important pillar for the region. The initial selection of programme participants will be based on maturity, life stage, market traction and financing profiles. Applicants will need to have a well-defined prototype or service implemented in at least one market and be looking to expand into the region. This year’s programme will start on September 4th and finish at an Investor Day later in the year, when up to ten participants will present their solutions to an audience of venture capitalists and financial industry executives. Applications close on June 24th.

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FTC to Host Cryptocurrency Workshop on June 25

The U.S. Federal Trade Commission will host a workshop in Chicago on June 25 to examine scams involving cryptocurrencies. The “Decrypting Cryptocurrency Scams” workshop will bring together consumer groups, law enforcement, research organizations, and the private sector to explore how scammers are exploiting public interest in cryptocurrencies such as bitcoin and Litecoin and to discuss ways to empower and protect consumers. The workshop, which is free and open to the public, will be held starting at 1 pm Central Time at DePaul University located at 1 East Jackson Blvd., Suite 8005, Chicago, IL 60604. Pre-registration is not required, but attendees are encouraged to register for the event at fintechseries@ftc.gov. This event will be webcast on the FTC’s website. A link will be posted on the event page on the day of the event.

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GreenSky IPO: 5 things to know about the company seeking to end fintech IPO lull

GreenSky, which provides consumer loans that originate at the point-of-sale system, is expected to go public this week through an IPO that could value the company at more than $4 billion. The company, one of the largest fintech firms in the U.S., recently filed IPO paperwork and intends to sell some 34 million shares at an expected price of $21 to $23 a share. At the high end of that range, the company could raise $784 million. The stock will trade on the Nasdaq under the ticker “GSKY.”

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