#VC – Overview of Sequoia FinTech Matrix in India

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18 May 2016

Sequoia, a San Francisco-based VC fund that invested in Apple or Google, recently raised a $900 million fund to back innovative start-ups in India. With more than 3 billion under management, the fund is the most active in the country.

Up to date, the venture capital fund has invested in 9 Fintech companies splited in the following categories :

Below is a list of 9 fintech start-ups that communicated their fundraising to the public. Please be aware that Newfund may have invested in other Fintech but did not communicate on them.

Sequoia India is the most active VC fund in India — Sequoia Capital is the most active VC fund in India

[divider] Lending [/divider]

Capital Float – An online platform that provides working capital finance to SMEs. The FinTech raised $25 million last week.

India Shelter Finance – A housing finance company providing loans to financially excluded families.

Equitas – The platform provides micro credit to people who are unable to access financing from the mainstream banking channels.

[divider] Personal finance [/divider]

Bank Bazaar – The platform helps consumers choose the right financial product for their needs.

Ujjivan – The platform provides financial services to the economically active poor to enable them to build a better life.

[divider] Payment [/divider]

Citrus Payment – A comprehensive web and mobile payments solutions for merchants and consumers.

Pine Labs – A leader in payments and loyalty solutions for retail companies.

Prizm Payment Services – A leading provider of secure and innovative payments, mobile and card services.

Mobikwik – A leading mobile wallet company that enables consumers to transact offline and online.

Japan: The rise of a FinTech nation ?

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Team Europe

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18 May 2016

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Techfoliance_fintech twins_fintech road trip_japan — next stop for our fintech road trip is japan

Techfoliance and The Fintech Twins are travelling together to meet game changers in finance around the world. We want to help you understand the potential that these technologies could have in people’s life in every part of the world.

Japan is the world’s second largest financial market in the OCDE and yet the country is far behind all of its asian peers when it comes to FinTech. The country has been so quiet over the past years in alternative finance that we needed to go and see directly what was going on out there.

The Fintech Twins tried to figure out : Is the regulation too tighten for the rise of FinTech ? Does the population really care about new technologies in finance ? Does financial institutions support these technologies ? Are there opportunities for FinTech start-ups in Japan ?

Fintech in Japan – Key figures

JAPAN

More than 127 million people are living in Japan

Life expectancy among the highest in the world : 84 years old

IT INCLUSION

The 3 biggest banks only spend 3% in IT

Rakuten launched a $100 million global FinTech fund

FINANCIAL INCLUSION

52% of wealth held in cash deposits

You can click here to know more about Fintech in Japan

#CuriosiTech – Discover the 4 Fintechs of the week : BitPagos, Capital Float, OptioPay & Zwipe

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Team Europe

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17 May 2016

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Every week, Techfoliance reveals the most promising Fintechs in the world that will revolutionize the way we pay, invest or manage our money. In this week’s FinTech mapping we have : BitPagos, Capital Float, OptioPay and Zwipe.

BitPagos

BitPagos is an argentinian FinTech that allows merchants to be paid in Bitcoin. The start-up also develops tools for hotels to manage their reservations online. The main advantage for e-commerce platforms is to get access to a much wider client base and get the most out of the crypto-currency.

To be discovered : https://www.bitpagos.com/en/

Capital Float

Capital Float is an indian FinTech that allows SMEs to get access to capital loans in less than 72 hours. The start-up offers 2 main services : casual loans for e-sellers and factoring to help SMEs be paid more rapidly. It raised 25 million dollars last week. The service is available in more than 40 countries in India.

To be discovered : https://capitalfloat.com/

OptioPay

OptioPay is a german FinTech that allows customers to be rewarded for their loyalty toward their favorite brands. It is an online payment platform that converts payments into higher value gift cards. The platform benefits the merchants and its customers and is designed to be attractive and very easy to use.

To be discovered : http://www.optiopay.com/

Zwipe

Zwipe is a norwegian FinTech thats allows people to pay without requiring a PIN code or a password but with fingerprints. We’ve seen a lot of fingerprint services being launched on smartphones or tablettes, but this one is different. Everything can be made from the credit card that recognizes your fingerprint almost instantly.

To be discovered : http://www.zwipe.no/

#VC – Cherry Ventures to back FinTech start-ups in Europe ?

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Team Europe

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12 May 2016

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Techfoliance_cherry ventures_new VC fund for fintech europe — Cherry ventures announces it was opening a new VC fund to invest in tech europe and also in Fintech

Cherry Ventures is a Berlin-based VC founded by entrepreneurs who are investing in innovative start-ups ranging from FoodTech to FinTech in Europe and worldwide.

The Venture fund recently announced that it closed a new 150 million euros early-stage fund to support the european tech ecosystem. This annoucement is also good news for the european FinTech scene since the fund has historically invested in successful FinTech start-ups.

The VC invested in Lenda, a San Francisco-based start-up that allows homeowners to refinance their home at a lower interest rate and lower closing cost and time. It also made an investment in Savedo, the FinTech start-up part of the Finleap incubator that allows users find the most attractive and fully secured fixed term deposit across Europe. Their third investment was made in Smacc, a potsdam-based start-up that helps businesses do their financial accounting.

The fund will invest tickets ranging from 700 000 to 1.5 million euros and will focus on start-ups that have a high incentive to rapidly go international.

#CuriosiTech – Discover the 4 Fintechs of the week : Lemonade, M-Changa, Grisbee and OvalMoney

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Team Europe

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10 May 2016

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Every week, Techfoliance reveals the most promising Fintechs in the world that will revolutionize the way we pay, invest or manage our money. In this week’s FinTech mapping we have : Lemonade, M-Changa, Grisbee and OvalMoney.

Lemonade

Lemonade is an american InsurTech based in New York that wants to reinvent the relationship between insurers and theirs clients. The platform is still in its beta version but will probably make a lot of noise in the insurance matrket. The start-up had received a massive first round of 13 million dollars from israeli investor Aleph and Sequoia Capital.

To be discovered : http://www.lemonade.com/

M-Changa

M-Changa is an african FinTech based in Nairobi that allows people to raise funds from their mobile phone to finance diverse projects : rebuilding a church or a school for example. The app is free and people can gather people to their cause everywhere in the world. The company takes 4.25% out of the funds raised.

To be discovered : http://changa.co.ke/

Grisbee

Grisbee is a french FinTech that allows people to manage their savings online. The platform synchronizes all your assets in one place : bank, real estate, investments, etc. The start-up describes itself as an online financial coach that assist you to help you define wealth objectives and analyze your financial health.

To be discovered : https://www.grisbee.fr/work.html

OvalMoney

OvalMoney is an Italian FinTech that allows people to manage their savings. But unlike most of the mobile application on the market, the start-up has two other very interesting services : one to get access to personal loans based on the state of your savings and another one to invest in peer-to-peer lending. The app is still in beta test and recently won the Italian Fintech Awards.

To be discovered : http://www.ovalmoney.com/

#Italie – Trakti et OvalMoney remportent l’Italian FinTech Awards 2016

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Team Europe

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9 May 2016

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Deux start-ups italiennes ont remporté le prix de la meilleure FinTech italienne en 2016 la semaine dernière lors des Italian Fintechs Awards organisés par FinTech Stage et la banque en ligne CheBanca!

L’Italie a aussi sa carte à jouer sur la scène FinTech européenne. La scène FinTech s’est réunit lors des Italian FinTechs Awards organisés par la plus grosse banque en ligne d’Italie CheBanca! et Fintech Stage lancé en 2015 par Matteo Rizzi et Lazaro Campo qui organisent des conférences sur la FinTech en Italie, en Espagne, au Luxembourg et en Argentine.

Le secteur de la FinTech en Italie est certes moins développé que celui de la France mais le panel des 12 finalistes laissait entrevoir une vraie diversité dans les services proposés par ces start-ups : prêt aux entreprises, investissement, big data, service aux PMEs, paiement etc.

Deux FinTechs ont toutefois attiré l’œil du Jury : OvalMoney et Trakti. OvalMoney développe une application de gestion des finances personnelles lancé par un ancien responsable de Uber. L’originalité de cette application vient du fait que l’épargnant peut suivre l’état de ses dépenses mais aussi prêter son argent à des petites et moyennes entreprises directement depuis la plateforme. Trakti développe une plateforme de gestion des contrats d’affaires pour aider les entreprises à réduire les démarches administratives, mieux gérer leurs relations avec les partenaires et trouver de nouveaux prospects.

Les deux FinTechs se sont vues remettre un chèque de 25 000 euros et la possibilité de faire partie d’un des deux programmes d’accélération de Londres du Level39 et StartupBootCamp.

INVYO Insights Europe

#VC – Overview of Sequoia FinTech Matrix in India