Tagged: venture capital

Scotland’s Digital and Fintech Job Market Might Be Recovering after Experiencing Issues due to COVID-19

The digital technology sector in Scotland has reportedly been growing as fast (if not faster) than that of London and the South East for the past few years. E-commerce giant Amazon is now planning to create new jobs for the residents of Dundee and Fife…. Read More

Fintech Veteran Says Most Disturbing Trend Is Early-Stage Firms Raising Back-to-Back Rounds with Minimal Progress or Product Development, Revenue Growth

Frank Rotman, who claims to be a 20+ year Fintech veteran, says that the “most disturbing” trend he’s seeing in the early-stage financial technology ecosystem is businesses or companies raising between two to three back-to-back investment rounds with minimal or not enough progress in-between.  … Read More

Brazil’s Fuse Capital to Allocate Funds to Startups Focused on Big Data, AI, Machine Learning, Credit Card Firm to Assist Wealthy Investors

Fuse Capital, a company established by experienced VCs and business owners based in Rio de Janeiro, Brazil, recently revealed that it’s raising its first overseas fund for investors looking for long-term, but high-risk investment opportunities. Launched in November 2019, Fuse Capital aims to assist Brazilian… Read More

Fintech Australia CEO Rebecca Schot-Guppy Says that Government Should Introduce Low-Interest Loans for Financial Tech Firms

Rebecca Schot-Guppy, the CEO at Fintech Australia, a member-driven organization that’s focused on supporting the financial technology ecosystem in the country, has argued that the success of Fintech outliers such as Afterpay and Airwallex during the COVID-19 outbreak should serve as a reminder that the… Read More

Fintech will Drive Some of the Largest Venture Capital Exits in the Next 5 Years, Steve Sloane from Menlo Ventures Predicts

Steve Sloane, a Principal at Menlo Ventures who focuses on investing in SaaS applications, marketplaces, and robotics, points out that Fintech has dominated the news cycle during 2020. He notes that there were some large exits this year, including those involving Credit Karma, Personal Capital,… Read More

Draper Goren Holm Announces Blacks On The Blockchain Initiative & $100,000 Pitch Competition to Promote Racial Equity

Draper Goren Holm, a blockchain and Fintech venture firm, announced on Tuesday it signed the Equity.District’s #RacialEquityEcosystem pledge, which is led by Techstars Co-Founder Brad Feld, and Draper Goren Holm Venture Partner and Opportunity Hub (OHUB) Chairman and CEO Rodney Sampson. Along with signing the… Read More

Irish Fintech Firms to Receive More Support after Enterprise Ireland Awards €10 Million Grant to VC Firm MiddleGame Ventures

VC firm MiddleGame Ventures (MGV) has reportedly received a €10 million grant from Enterprise Ireland, in order to establish a pool of funding of up to €20m for Fintech businesses operating on the island. As noted on MGV’s official website: “Middlegame Ventures is a venture… Read More

Digital Banking Platform Tonik Acquires $21 Million in Capital for Q3 2020 Launch in the Philippines

Tonik Financial Pte Ltd, a company planning to launch a digital bank in the Philippines, has reportedly secured $21 million in capital through a Series A equity funding round.  The round was led by major blue-chip venture capital investors, including Sequoia India and Point72 Ventures…. Read More

Fintech Investments Surge in 2020 while Venture Capital Investments have More than Doubled Since 2014: Report

Venture capital investments have been increasing steadily in Latin and South America, Southeast Asia, and India. Last year was particularly notable because of considerably more venture investments allocated towards emerging private capital markets, including Southeast Asia, Latin and South America, India, Central Eastern Europe, and… Read More

Andreessen Horowitz: Growth in the Cryptocurrency Sector has been “Choppy Yet Consistent”

Giant VC firm Andreessen Horowitz is arguing that the growth of social media, application developers, digital asset prices, and the rise of blockchain startups may eventually lead to the development of a more stable cryptocurrency industry. The US-based firm published a report on May 15,… Read More

£1.4 Billion May Have Been Lost by UK Fintech Firms Due to COVID-19: Report

Around £1.4 billion (appr. $1.7 billion) of total UK Fintech-related investments might potentially be lost due to the deadly COVID-19 outbreak. This, according to a recent survey of Fintech industry professionals carried out by techUK and blockchain company Qadre. About 68% of the 59 Fintech… Read More

Brace for Impact: VC Funding of Fintechs Has Terrible Q1

This should come as no surprise but Q1 was horrible for VC-backed Fintechs as the Coronavirus pounded private capital markets and crash-landed the once robust market. According to CBInsights, the first quarter of 2020 was one of the worst quarters for Fintech funding in years…. Read More

Zurich-based Mobile Banking App Provider Numbrs to Lay Off 62 Employees, After Investors Decide to Back Out

Zurich-based Numbrs, a mobile banking app provider, will be laying off 62 employees after investors backed out of a deal to allocate funds toward the development of the firm’s business. In August 2019, the Fintech firm claimed that it was valued at around CHF 1… Read More

UK-based Applied Blockchain, an Enterprise DLT Solutions Provider, Secures £2 Million in Capital via Round led by QBN Capital

UK-based Applied Blockchain, an enterprise-grade blockchain or distributed ledger tech (DLT) solutions provider, has secured £2 million (appr. $2.5 million) in capital through a new funding round. The company’s investment round was led by QBN Capital, a Hong Kong-headquartered venture capital company. Applied Blockchain’s management… Read More

How The Coronavirus May Cripple Venture Capital But Could be a Boon for Equity Crowdfunding

It’s no secret that there has always been a disconnect between the Venture Capital (VC) industry and the Startups that they fund. VCs are the embodiment of old school funding and their investments have, until recently, been the judge, jury, and executioner for countless innovation… Read More

U.S.-Based Cerebro Secures More Venture Capital Funding to Expand Digital Commercial Loan Marketplace

Cerebro Capital, a U.S.-based digital commercial loan marketplace, announced on Tuesday it received additional venture capital funding through its latest investment round, which was co-led by Ulu Ventures and Grotech Ventures with participation from Sterling Partners, Inner Loop Capital, and Point Field Partners. Launched in 2017, Cerebro describes itself as… Read More

An Entrepreneur’s Guide to Surviving Coronavirus

Remember all those articles about whether venture was overvalued?  With blinding speed, they now seem quaint.  Bluntly stated, most venture-backed companies are in a fight for survival.    Although certain areas of life sciences may do somewhat better, I think the impact will be widely felt. … Read More

UK Gold-Backed Token Project Aurus Scores €1 Million Investment From Dubai-Based Venture Capital Silver Rock Group

Aurus, a UK-based fintech, scored a €1 million investment from Dubai-based venture capital Silver Rock Group for its gold-back token project. Founded in 2017, Aurus describes itself as a marketplace for crypto-currencies that represent shared ownership of physical assets. The company noted that together with… Read More

Thailand’s Corporate VC Firm Krungsri Finnovate to Invest $10 Million in Three Startups to Improve Country’s Digital Infrastructure

Krungsri Finnovate, a corporate venture capital company operating under Bank of Ayudhya (BAY), the third-largest bank in Thailand in terms of assets, loans, and deposits, is planning to invest $10 million into the operations of three promising startups during the first half of this year…. Read More

Silicon Valley VC Draper Goren Holm Now Offering $100 in Bitcoin to Those Who Want to Learn about Blockchain

Draper Goren Holm, a Los Angeles based venture firm led by Tim Draper, Alon Goren, and Josef Holm, announced on Thursday it is offering an incentive to those who are looking to learn more about Blockchain during the Los Angeles Blockchain Summit, which will take… Read More

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