Menu visibility control

Video

Events

Startup Surgery

Most Recent

Need to Know

Ahti Heinla, co-founder of Starship Technologies, on how robots will transform the delivery space

Government & Policy

UK government to announce £17.3m boost for artificial intelligence and robotics

News

Top tech stats: Unpaid overtime, poor data usage and more

Press Releases

Software testing leader TestPlant appoints Dr. John Bates as CEO
CreditLadder appoints Proptech Expert Sheraz Dar as new CEO
Hermit: A Startup With New Ideas About Office Space

FinTech Monthly: Transferwise raises $26m, Pulse of FinTech Report, Aviva Ventures investment

twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Welcome to FinTech Monthly for May 2016 – your roundup of the month’s top financial technology news.

Pulse of Fintech Report

VC funding for UK FinTech companies dropped 41% over the first quarter of 2016. That’s according to the KPMG and CB Insights Pulse of FinTech report. The UK was still ahead of Germany in the investment stakes, thanks to rounds raised by World Remit and Ezbob. Across the pond, US investors’ interest in payments companies is on the decline.

Aviva Ventures invests in Founders Factory

Aviva Ventures made an undisclosed multimillion pound equity investment in tech accelerator and incubator Founders Factory to develop FinTech startups. As part of the partnership, Aviva and Founders Factory will work together to develop seven FinTech startups every year. Andrew Brem, chief digital officer of Aviva, said he believes it’s high time to bring the insurance industry into the digital age.

Investment in UK FinTech ‘declined by more than 85%’ in 2016

Investment

In funding news, international money transfer platform TransferWise raised $26m. This brings the London-based company’s total funding to $117m since it was founded in 2011. The round was led by Baillie Gifford, which joins Andreessen Horowitz, Peter Thiel’s Valar Ventures and Sir Richard Branson as investors in the company.

HM Treasury announces Fintech Bridge

HM Treasury announced a new ‘FinTech Bridge’, which will seek to help UK FinTech startups and investors access the Asian market and expand to Singapore. The Treasury will also work to attract Singaporean FinTech companies and investors to the UK. At the launch, the Financial Conduct Authority and the Monetary Authority of Singapore signed a regulatory cooperation agreement.

That’s all for this month’s roundup, visit our FinTech news channel for a closer look at the goings-on in the financial technology space, and subscribe now to receive future FinTech Monthly videos to your inbox.

Enter your e-mail address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

starship technologies

Ahti Heinla, co-founder of Starship Technologies, on how robots will transform the delivery space
posted 10 hours ago

robotics

UK government to announce £17.3m boost for artificial intelligence and robotics
posted 17 hours ago

top tech stats

Top tech stats: Unpaid overtime, poor data usage and more
posted on February 25, 2017

startup weekly (4)

Startup Weekly: Starling Bank’s hackathon, FoodTech awards & more
posted on February 24, 2017

happy workers

A happy workforce: The key to business success
posted on February 24, 2017

podcasting revolution

Here’s how your tech firm can exploit the podcasting revolution
posted on February 24, 2017