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What startups are saying about raising cash in Latin America
You don’t have to look hard to see why the startup community in Latin America has long faced a lack of capital and resources to fuel significant growth. Many Latin American entrepreneurs have endured decades of political and economic hardships that left the investment landscape in a less than desirable state — especially for emerging startups. Read More
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Why Britain is beating the U.S. at financial innovation
Legislation allowing ordinary American investors to invest in the shares of startups and small businesses was first introduced in the U.S. Congress in 2011. Despite bipartisan support and the approval of President Obama, it is only now becoming a reality. The technology-driven transformation of wealth management
In today’s digital world, everyday functions such as making dinner reservations or hailing a taxi are done at the touch of a button. Similarly, other, more complex and esoteric functions, such as wealth management, are also moving toward automation. This evolution is enabled by the creation of state-of-the-art software, which has helped make wealth management more consumer-friendly… Read More
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Indian online lending platform Capital Float picks up $25M Series B
Capital Float, an online lending platform for small businesses in India, announced today that it has closed a $25 million Series B. Remitly raises $38.5M more to take on Western Union, passes $1b transferred annually
Remittances are a huge business, with $582 billion transferred in 2015 and $432 billion of that sent specifically to emerging markets, according to the World Bank. Today, one of the bigger startups in the field has raised some funds of its own to help it better tap the opportunity, and better rival established players like Western Union and others like WorldRemit and… Read More
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Why startups can’t disrupt the mortgage industry
Home loans are the Holy Grail of online lending. They come with high loan balances, steady returns and hefty fees. There also is a healthy liquid market for the securitized loans, and the debt is asset backed, which reduces risk and opens up the investor pool. On top of that, “establishment” mortgage lenders are not leading the pack with innovation, which means there is a lot of… Read More
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Robinhood preps for zero-fee stock trading launch in China
Robinhood will bring its free U.S. stock trading app to the world, and just announced one of the first countries will be China. To prepare, today it launched a Chinese-language version in the U.S. and began asking users to invite friends and family in China to its waitlist. Robinhood previously launched a waitlist for Australia, but has otherwise only been available in the United States. For… Read More
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BBVA continues its fintech acquisition run, buys Holvi, an online-only business bank
Spanish banking giant BBVA has made another M&A play as it looks for a bigger role in the next generation of financial services: today the company has announced the acquisition of Holvi, an online-only bank for entrepreneurs and SMBs based out of Finland. (“Holvi” means “vault” in Finnish.) Terms of the deal have not been disclosed but we are trying to find out.… Read More
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What Lending Club’s falling share price means for the P2P lending sector
Lending Club, the largest P2P lending platform in the U.S., has seen its share price drop by more than 50 percent since December 10; the price per share on the NASDAQ Stock Market dropped from $14 to less than $7 (current price per share will vary). So what is the reason for such a precipitous decline in the share price of the world’s leading P2P lender, and what does it tell us about… Read More
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A Global Perspective Of Israeli Tech In 2015
From the Chinese stock market crash that shook global equity markets to the obsession with hunting for unicorns, 2015 was a year filled with volatility and non-traditional capital flowing into the private markets. Israel felt the effects of these global trends. Whether it’s sectors like cyber and fintech heating up or syndications and co-investments leading to increased round sizes… Read More
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