FinTech Dominates China’s Top Ten Unicorn Rankings
Half of China's ten biggest unicorns, or start-ups valued at US$1 billion or above, are financial technology firms. Read more: www.chinamoneynetwork.com
Serent Capital seals minority stake in Docutech
US private equity house Serent Capital has bought a minority stake in compliance and documentation tech business Docutech.
Vancouver FinTech startup helps immigrants land on their feet
The global financial technology market is worth about $13 trillion, according to the think tank, Digital Finance Institute. Read more: www.metronews.ca
Berlin bids to replace London as post-Brexit FinTech capital
From the moment that Britain voted to leave the EU, financiers across the continent began disagreeing on what it meant for Londons banks. Read more: www.ft.com
Global banks, Intel join Israel’s FinTech scene
HSBC, RBS, Italy’s Intesa Sanpaolo and Spain’s Banco Santander have set up a new center to foster the creation of financial technology startups in Israel. Read more: www.timesofisrael.com
Airwallex seals $3m to help firms avoid currency fluctuation risk
Melbourne-based fintech startup Airwallex has landed $3m to minimise cross-border payment risks.
The pre-Series A investment round was led by Shanghai-based venture capital firm Gobi...
The evolution of mobile payments
It is predicted that by the end of this year, there will be almost 5 billion individuals who are using their mobile phones. Read more: techinfographics.com
Top mobile payments app users are Millennials
A recent study has revealed that mobile payments app use is greatly driven by Millennials. Read more: www.qrcodepress.com
Big banks back FinTech and cybersecurity accelerator
Startupbootcamp is to run a combined fintech and cybersecurity accelerator programme in Amsterdam with the backing of Rabobank, ING, ABN Amro, SN. Read more: www.finextra.com
German InsurTech company Finanzchef24 raises €4m in VC-backed round
Munich-based Finanzchef24, the first digital insurance broker for entrepreneurs and companies in Germany, has raised €4m in a Grenke Bank-led round.
Existing backers venture capital...