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Category: Fintech and Finance

Video: Howden's O'Brien on the latest M&A insurance developments

Unquote interviews Joe O'Brien from Howden M&A, the winner of the M&A Insurance Broker Of The Year category at the 2020 British Private Equity Awards.

Australian banking supremo Gonski joins ex-PM Gillard as latest Leapfrog Investments advisor

Emerging markets-focused LeapFrog Investments has named ANZ Banking Group chairman David Gonski to its global leadership council.

Dunedin-backed GPS draws investment from Visa

Dunedin-backed payments processor Global Processing Services (GPS) has drawn investment from Visa.

Banks, mutual funds receding from Indian debt is huge opportunity, Edelweiss says amid $900m fund close

Indian asset manager Edelweiss has hit a roughly $900m final close for its latest alternative credit fund targeting the country.

IA Capital leads string of venture capital firms in $24m round for digital insurance specialist Matic

New York-based VC investor IA Capital has led a $24m investment round for digital insurance agency Matic.

Banks ride record $155bn green and sustainable finance surge

As investment banks establish new teams in this area, issuance has reached all-time highs

Cascadia Forms “Industry 4.0” Practice

Cascadia Capital has formed a new investment banking practice dedicated to the robotics, automation, and artificial intelligence (RAAI) sectors. Cascadia’s RAAI practice has been formed in response to the Fourth Industrial Revolution – commonly referred

US investors plough billions into London’s fintechs despite coronavirus and Brexit

London is the second most popular destination for fintech investment globally, behind San Francisco. Of European VC cash flowing into fintech so far this year, 44% has gone to London-based companies

Private wealth managers must urgently increase use of tech or be left behind by competitors

Private wealth managers need to urgently increase their use of technology or risk being left behind by competitors, research from fintech firm Delio suggests.

SC Ventures backs cybersecurity startup Secret Double Octopus

Israeli cybersecurity company Secret Double Octopus has picked up a cash injection from Standard Chartered’s FinTech investment unit SC Ventures.

Venture capital firms help automated investing, banking platform M1 Finance to $45m Series C round

Automated investing, borrowing and banking platform M1 Finance has finalised its Series C investment round on $45m.

Long Ridge Hits Hard Cap

Long Ridge Equity Partners has held an oversubscribed, hard cap, and final closing of Long Ridge Equity Partners III LP with $445 million of capital commitments. Limited partners in the new fund committed $400 million

Silverlake buys Groupe Meilleurtaux from Goldman Sachs

Private equity firm Silver Lake has finalised the majority acquisition of Groupe Meilleurtaux, a French financial services provider, from Goldman Sachs Merchant Banking Division, for €700m.

TIAA’s investment management giant Nuveen backs battery developer Advanced Battery Concepts

Nuveen, the $1tn global investment manager of insurance giant TIAA, has led a Series B growth equity round in Advanced Battery Concepts.

Digital insurer Cover Genius said to pick up another venture capital-backed funding round

Digital insurer Cover Genius has reportedly raised £8.3m in its latest funding round as it looks to expand its product offering.

Goldman, Citi join project to bolster Black ranks in the City

Banks are taking steps to address the stark lack of racial diversity in their ranks

EM mandates hit screens ahead of issuance window closing

Two CEEMEA issuers mandated banks to arrange investor calls on Monday, although bond issuance volumes are expected to wane in coming weeks.

SEWA woos banks for $250m loan

Sharjah Electricity & Water Authority (SEWA), a state-owned firm in the United Arab Emirates, is making a rare appearance in the Asian syndicated loan market with a $250m borrowing.

Guangdong issues special bonds to recapitalise small banks, paves way for Chinese local govts

The Guangdong provincial government sold Rmb10bn ($1.5bn) of special purpose bonds this week, creating a new form of support for small and medium-sized banks. The proceeds will provide a crucial source of funding for the

Mediterra acquires majority stake in Turkish fintech PayCore

Turkish private equity firm Mediterra Capital has signed an agreement to buy a majority stake in the Istanbul-based payment software provider Paycore.

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