Posts Tagged ‘investment’

Hong Kong remains vigilant against risks of virtual assets even as fintech investments more than double, financial minister says

Investment in Hong Kong’s fintech industry more than doubled last year to US$550 million, far surpassing Singapore, according to Hong Kong financial secretary Paul Chan Mo-po. The Greater Bay Area will inject new momentum and provide a bigger market for Hong Kong’s fintech development, while the opening of the high-speed rail link and the Hong Kong-Zhuhai-Macau […]

Early stage technology investment in Europe increases four-fold in three years

Investment in Early Stage Technology in Europe has increased from  €875 million in the first half of 2015 to €3.6 billion in the first half of 2018, finds a new report. The report, A Deep Dive into European Early-Stage Tech Startup Activity, produced by Stripe, Techstars and research specialists Tech.eu, found that Fintech startups such as Monzo […]

DWS Group acquires stake in GCC FinTech start-up Neo Technologies

DWS Group, a European asset manager in which Germany’s Deutsche Bank has a majority stake, agreed to buy a 15 per cent stake in Dubai and Kuwait-based FinTech start-up Neo Technologies for an undisclosed sum. Neo Technologies aims to work with asset managers and other financial institutions in the Middle East to help them provide digital […]

Portify raises £1.3M to help gig economy workers improve their financial well-being

Portify, a London fintech startup that offers an app and various financial products to help gig economy workers better manage their finances and in turn improve financial well-being, has raised £1.3 million in seed investment. The round was led by Kindred Capital and company builder and investor Entrepreneur First, with participation from various unnamed angel […]

DIFC will make first investment from $100mln fintech fund “shortly” — exec

The first investment to be made from the $100 million fintech fund launched by Dubai International Financial Centre (DIFC) is set to be made «shortly», according to the centre’s chief business development officer, Salmaan Jaffery. The $100 million fintech fund was announced by DIFC at its inaugural Global Financial Forum event in November last year.  In […]

Colombian Digital Lending Fintech Sempli Receives $5.7 Million USD in Funding from BID LAB, Oikocredit

Colombian fintech startup Sempli has raised $5.7 million USD in funding from the Inter-American Development Bank’s BID LAB investment arm and Netherlands-based microfinance investor Oikocredit that it will use to grow its digital platform for small business lending. The capital will serve as key financing for operations and growth as Sempli begins to prepare for […]

Blackstone invests in financial technology platform for alternative investments iCapital Network

U.S.’s largest alternative investment firm Blackstone is investing in iCapital Network, which provides platform to connect investors and advisers to alternative investment products. The financial behemoth joins UBS, Morgan Stanley, BlackRock, BNY Mellon and Credit Suisse as investors in the firm, although iCapital’s own management team remains its largest shareholder. Additional investors are expected to […]

Warren Buffett’s Firm Invests Millions in Fintech

Warren Buffett’s Berkshire Hathaway Inc. invested around $600 million in recent months in two big financial-technology companies focused on emerging markets: Brazilian payment processor StoneCo Ltd. and the parent company of India’s largest mobile-payments service, Paytm. Both investments were spearheaded by Todd Combs, one of Berkshire’s two portfolio managers. Berkshire’s investments demonstrate the maturity of the […]

Finn AI closes $14 million Series A with Yaletown Partners, Flying Fish Partners

Finn AI has raised a $14 million Series A round. The round was led by Yaletown Partners and Flying Fish Partners, with participation from new investors like BDC Capital’s Women in Technology Fund (WIT) and New York-based 1843 Capital. Additional investment was provided by angel investors, and lending facilities were provided by Comerica Bank. Finn AI […]

Canadian VC funding sees strong growth in digital health and fintech, according to MoneyTree™ Canada Report

Funding to Canadian venture-backed digital health and fintech companies increased in the third quarter of 2018 according to the MoneyTree™ Report from PwC Canada and CB Insights. This past quarter, Canadian venture-backed companies closed 87 deals, down from 127 in Q2. Meanwhile, total venture capital funding (all figures in USD) totaled $541M in Q3’18, a […]