Brexit delays, more uncertainity for the FinTech sector
The financial sector is currently undecided about its future as until now, London had gained the distinction of being the financial hub of Europe. Read more: www.newsbtc.com
Why FinTech has failed to supplant big banks – so far
FinTech companies have failed to offer truly differentiated underwriting or gain access to the low-cost capital easily attainable for banks. Read more: www.fintechroundup.com
83North closes $250m fund to invest in Europe and Israel
London and Tel Aviv-based venture firm 83North has closed a new fund with $250m. The fund is the firm’s fourth raised in 11 years. Read more: www.fintechroundup.com
Startupbootcamp unveils FinTech startups for Singapore cohort
Startupbootcamp has today announced the 12 FinTech startups that will be joining its 2017 Singapore cohort. Read more: www.e27.co
P3V closes fintech venture fund
Adam Felesky and Paul Desmarais III today announced the closing of a new fund, Portag3 Ventures. Read more: www.finextra.com
Floodgate closes sixth VC fund at $131m
Early stage VC Floodgate has closed its latest fund at $131m according to an SEC filing. Read more: www.fintechroundup.com
Lithuania makes a pitch for post-Brexit UK FinTech firms
Lithuania is looking to become the destination of choice for UK FinTech firms seeking EU passporting rights in post-Brexit Britain. Read more: Read more: www.finextra.com
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.
Bank of England seeks to innovate services via new FinTech Accelerator
The Bank of England announced the launch of a new Fintech Accelerator on 17 June looking to support businesses able to help it innovate central banking.
New bridge to China starts a golden age for UK FinTech
There is no question that more technology innovation and value creation in financial services comes from the UK than anywhere else in the world. Read more: www.cityam.com