Saturday, December 5, 2020

Top VC says Amazon is set to rule the FinTech game

It's likely to be tech giant, Amazon, that captures the market for Internet payment services, according to Alex Rampell. Read more: fortune.com

First “Peer to Peer” Bank Raises $6m In Australia

The world’s “first peer to peer bank” has just departed stealth mode having received a $6 million investment to fuel the disruption of traditional banking. Read more: www.crowdfundinsider.com

More than $26m spent through challenger bank Mondo

UK challenger bank Mondo has passed a new milestone with more than £20m ($26m) spent through its service to date.

Canadian officials: FinTech needed to protect consumers

Canadian officials must be mindful of maintaining FinTech development while protecting customers and banks. Read more: www.cryptocoinsnews.com

Taiwan opts for caution in developing FinTech

Financial industry observers see potential for Taiwan in the FinTech sector, citing ways in which technologies could help banking and insurance. Read more: topics.amcham.com.tw

Source Code Capital closes third fund with $260m hard cap

Chinese early-stage venture firm Source Code Capital has reached a final close of its third US dollar fund at a $260m hard cap. Read more: www.fintechroundup.com

Circle pay app launches Chinese operations with $60m in local financing

Instant payments app Circle, which so far provided services to the US and the UK, has now expanded to China with a $60m in fresh funding from local investors.

Oxford Capital leads $1.75m round in FinTech startup Moneybox

Finstar Financial Group has further expanded its fintech and financial services investment program with the hire of Eugene Timko.

Paytm-investor K2 Global closes new $183m fund

Silicon Valley and Singapore-based VC firm K2 Global has closed its new fund with $183m to invest across Asia and the US. Read more: www.fintechroundup.com

Private equity firm Innova Capital backs Polish e-payment business PeP

European private equity firm Innova Capital has backed Polish e-payments business Polskie ePlatnosci(PeP). The firm said it intends to use the business as a platform...

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