FinTech

We explore global companies offering digital banking solutions for modern consumers, underserved populations and unbanked individuals. This covers retail banking, investment services, credit and lending solutions. 

Robust PE Deals in Europe Cooled Last Year From 2018’s Blistering Pace

Europe’s private-equity market remained “robust” last year but the value of the deals done slipped from 2018’s record levels, according to Pitchbook. Almost 3,900 deals were done, down from about 4,000 in 2018, Pitchbook’s Annual European Breakdown report showed....

Davos Day 2: BOE’s Carney Chastises U.S. as Billionaire Hohn Pushes ESG Investing

The U.S. isn’t doing enough to combat climate change, Bank of England Governor Mark Carney charged on day two of the World Economic Forum in Davos while President Donald Trump used an impromptu news conference to blast the impeachment “hoax.”

Jack Ma, Dan Loeb Behind $2.6 Billion Fintech Deal Targeting International Shopping

The latest fintech opportunity may be in international tourism. With millions more people traveling internationally every year, heavyweight investors including Dan Loeb and Jack Ma are betting big on how much money tourists will spend shopping while on vacation.

Millennial Customers Are The Real Target of Visa’s $5.3 Billion Plaid Purchase, As Fintech Valuations Soar

Karma_News Summary_Visa acquires Plaid
Visa wants to be everywhere that millennials want to be, and is spending big bucks to land those young, future customers.  Visa’s $5.3 billion purchase of fintech firm Plaid, whose technology enables millennial-friendly payment platforms including Venmo. It was...

BlackRock, Shamed for Climate Change Role, Vows to Put Sustainability at Center of Business

Karma_News Summary_BlackRock
The world’s largest asset manager seems to have gotten the message. BlackRock, criticized by Al Gore and other environmentalists for putting profit above all other concerns, acknowledged today that “climate risk is investment risk” and promised that sustainability will...

Private Equity Investment in India Jumped to Record, Even as Economy Cools, on Infrastructure Bets

Karma_News Summary_Private equity in India
Investors’ faith that India would keep building was on display in 2019, even as forecasts project growth to cool even further. Buoyed by a surge in infrastructure-focused deals, private equity investments gained 2.8% to $37 billion, according to Venture...

PE Fundraising Seen Slowing in 2020 While IPOs Pick Up, Pitchbook Says

Karma_News Summary_PE slowing while IPOs pick up
U.S. private equity firms raised a record amount of money last year, fueled by investors’ appetite for tech. Don’t expect a repeat this year, Pitchbook says. More than $300 billion was raised in 2019 across some 5,100 deals, according...

African Startups Raise Record Amounts as Fintech Draws More Investors

Karma_News Summary_African startups
Africa’s swift adoption of new technologies is making it one of the world’s fastest-growing tech hubs.  Venture capitalists spent a record $1.3 billion in the continent last year, more than six-fold from five years ago, WeeTracker’s annual funding report...

YieldStreet’s Goal to Bring Alternate Assets to Retail Investors Gets Citigroup Boost

Karma_News Summary_YieldStreet
Digital asset management startup YieldStreet’s mission to provide retail investors the opportunity to invest in assets normally reserved for billionaires and institutional investors just got a huge boost.A partnership with Citigroup announced Wednesday will make about $2 billion of assets available to...

Nayax, Israeli Cashless Vending Machine Payment Company, Sees Valuation Soar After Latest Funding

News Summary_Cashless Vending Machine
Payment company Nayax took in another $60 million from an unnamed American investor, Israel’s Calcalist said, signaling investors’ rebounding appetite for intelligent vending machines.  The funding is largest capital raised by a payment company focused on vending machines, according...

JPMorgan’s Pinto Sees ESG Gaining Momentum Over Next Decade

14409
What will J.P. Morgan’s Daniel Pinto be watching next year? ESG opportunities for clients and whether or not upstart digital banks like Revolut and Monzo grow into formidable competitors. “I don’t go to a single client meeting where this...

Women’s Board Representation Grew This Year, While Gender Parity Remains a Ways Off

Boardrooms around the world brought a mix of news on the gender front in 2019, with more women landing director seats and parity still a ways off.  Female representation on corporate boards jumped about 2.1% so that women now...

U.K. Banks, Insurers to Face Stress Tests on How They Would Handle Climate Change

Karma_News Summary_ UK Banking
U.K. banks and insurers will have to show how they plan to respond to the harmful effects of climate change under new stress tests, as the Bank of England becomes the world’s first central bank to require such examinations.The Bank of England...

Global VC Market Seen Surging as Pensions, Mutual Funds Jump In, Report Says

Karma_News Summary_Global VC market
Global venture capital investments may surge next year on demand for late-stage company mega-deals, juiced by the addition of nontraditional investors like pensions, hedge funds and mutual funds, a report predicted. “2020 will mark a new annual record for...

Sexual Discrimination in Financial Industry Abating as Younger Generation Climbs Ranks

Karma_News Summary_Sexual discrimination
Sexual discrimination in the financial industry has become less of a problem over the past decade, according to a survey of advisors, several of whom said a younger workforce is the reason for the change. The issue is “much...

Germany’s First Green Bonds Seen Spurring Spending in Debt-Averse Nation

Karma_News Summary_Germany green bonds
Germany’s bonds are going green. The debt-averse country will issue its first green bonds -- debt that finances environmental projects -- next year, according to a tweet from the Finance Agency on Thursday. In addition to trying to help...

Financial Advice May Be Coming to Masses in China as Vanguard, Ant Venture Gets Approval

Karma_News Summary_Alipay Vanguard
Financial advice is about to become a lot more affordable and accessible for millions of Chinese. Ant Financial Services Group, operator of financial giant Alipay, and U.S. fund manager Vanguard Group, will bring a “new streamlined and broadly available...

Rusheen Capital Management: The Fund(amentals) of Innovation

Karma_Rusheen Capital Management
“When you have a new set of technologies come onto the scene, but you still have the old way of financing things, you have to build a new set of bridges to capital,” explains Jim McDermott, the co-founder of Rusheen Capital Management,...

U.S. Wants to Know if ESG Funds are Investing Socially as Advertised, Report Says

Karma_News Summary_ESG
With record money flowing into investment funds marketing themselves as socially responsible, it was only a matter of time before regulators stepped in to check how the cash is being invested.The Securities and Exchange Commission has sent examination letters to firms who...

Al Gore Slams BlackRock, Vanguard With Warning About Financing “Destruction of Human Civilization”

Karma_News Summary_Al Gore
Al Gore took some time at the Madrid climate talks to attack BlackRock and Vanguard, saying the huge financial institutions are contributing to climate change and warned that they need to mend their ways or be blamed for their part in the...

Peter Thiel-Backed VC firm Invests in Mexican Neobank Albo as Demand Rises for Services for Unbanked

Karma_News Summary_Albo
Mexican challenger bank Albo nabbed an investment from Paypal co-founder Peter Thiel, in the latest indication that the government’s push for financial inclusion places Mexico among the most attractive locations in Latin America for fintech investors.  Albo offers online banking services to...

The Promise and Limits of SDGs as Guidelines for the Impact Investing

Karma_News Summary_SDGs
When every government in the world and a kaleidoscope of private stakeholders negotiated the Sustainable Development Goals in 2015, they had no idea the impact investing industry would embrace and run with them as the go-to investment principles for social impact.

Mark Cuban Gives Bitcoin a Big “No” While China Pushes Further into Digital Currency

Karma_New Summary_Bitcoin
Stark contrasts in how digital currencies are viewed around the world were on display this week, as billionaire Mark Cuban said bitcoin has “no chance” of becoming a reliable currency and China pushes ahead with a plan to test and introduce a...

Impact Investing’s Solid 2019 Isn’t Due to Gods of Virtue, but Rather Strong Performance in Tech Stocks

Karma_News Summary_Tech stocks
Impact investing appears to be heading for a very good 2019. But don’t thank any gods of virtue -- give credit to technology companies.  Boosted by tech-heavy portfolios, nearly half -- 48% -- of large-cap sustainable funds performed better...

Robinhood Hits 10 Million Accounts as Demand Rises for Commission-Free Trading

Karma_News Summary_Robinhood
Robinhood, the commission-free stock trading platform valued at $7.6 billion, again showed itself to be bright spot in the fintech industry as its accounts soared to 10 million.The seven-year-old Silicon Valley firm is tapping into millennial’s demand for free, easy-to-use mobile services....

Bank of America Looks to Offer Broader, More Sustainable Portfolios to Retail Clients

Karma_News Summary_Bank of America
You may not immediately utter social impact and Bank of America in the same breath, but the giant lender kicked off its impact investing program for retail clients back in 2013. “It is a marked transition over the...

How This Fintech Startup is Advancing Conscious Consumerism with Transparency

Karma_Partner_CoGo
This piece is brought to you in partnership with the Conduit Connect. With tangible spending data, the statement “vote with your dollar” can be more than just a feel-good phrase -- but the lack of reputable information has prevented...

Figure Technologies Raises Funds as It Aims to Revive Home Equity Loans with Blockchain

Karma_News Summary_Figure Technologies
Figure Technologies, co-founded by student loan refinancing company SoFi’s Mike Cagney, is attracting investors as it seeks to reignite interest in home equity loans that fell out of favor after the 2008 financial crisis.    The San Francisco startup, which...

Nigeria’s Central Bank, in Bid to Help Nation’s Underbanked, Takes Measure to Boost Payment Firms

Karma_News Summary_Nigeria Central Bank
Nigeria’s central bank is planning to issue licenses to more payment providers, aiming to “improve the country’s financial-inclusion rate to 80% by the end of next year from about 60%,” Bloomberg reports. Central Bank of Nigeria Governor Godwin Emefiele...

Portag3 Raises Largest Canadian Fintech Fund Even as Investment in Sector Slows

Karma_News Summary_Portag3 Ventures
Portag3 Ventures pulled in $321.2 million in closing its second fintech-focused fund, making it the largest Canadian investing pool committed to early development in a sector that saw a decline in interest this year.The fund, which initially raised money last year, already...
- Advertisement -