Smacc seals €3.5m Series A round from VC firms
A string of venture capital firms have invested €3.5m in German accounting software startup Smacc.
TransferGo bags $3.4m Series A funding
Vostok Emerging Finance has led a $3.4m Series A financing round in international money transfer service TransferGo
Brexit could clobber London’s status as a FinTech hub
London’s thriving fintech community has a lot to lose from Brexit, which will cut it off its direct access to the markets in Europe, property investor BrickVest says.
Brexit could bring a FinTech chill in EU
Uncertainty continues to weigh on markets and Brexit could have a chilling effect on FinTech in Europe. Read more: www.pymnts.com
Blockchain to attract over $1bn in global investments in 2016
Financial service firms and technology providers will focus on bringing blockchain to capital markets by investing more than $1bn in the sector this year, new research shows.
Ex-Providence, Actis exec Kheterpal launches $15m India startups fund
Experienced Indian private equity investor Manish Kheterpal has reportedly launched a $15m early-stage investment fund focusing on tech startups in the country.
Bitcoin trading platform Quoine scores $20m JAFCO-led funding
Japanese venture capital major JAFCO has led a $20m Series A financing round for bitcoin trading platform Quoine.
Finding compatibility in bank-FinTech partnerships
As the financial services sector continues to undergo digital transformation business models and approaches to industry disruptors and potential competitors are being radically reframed. Read more: www.finextra.com
LendingClub and OnDeck will die in the next recession
LendingClub’s (and that of other p2p lenders) business model is a race against time, but without a finish line. Read more: seekingalpha.com
Berlin’s OptioPay to expand payments tech with €7m seed funding
Berlin-based payment solution software business OptioPay has raised €7m in seed funding.