FinTech

Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. We wish you and your families a very Happy New Year! If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! And just a heads-up that while the newsletter will continue moving forward, starting next week we’ll have a brand-new name and a different look. Stay tuned! New funds We started the year with news of a couple new venture funds that will be writing checks into fintech…

CEO of cryptocurrency platform Coinbase Brian Armstrong attends a reception at Buckingham Palace, in central London, on November 27, 2023 to mark the conclusion of the Global Investment Summit (GIS). (Photo by Daniel LEAL / POOL / AFP) (Photo by DANIEL LEAL/POOL/AFP via Getty Images)Daniel Leal | Afp | Getty ImagesCoinbase, Crypto.com, Gemini and other cryptocurrency exchanges are warning users in the U.K. that they'll need to start filling out risk assessments and investment questionnaires aimed at testing their…

LONDON, ENGLAND - NOVEMBER 09: In this photo illustration, a flipped version of the Coinbase logo is reflected in a mobile phone screen on November 09, 2021 in London, England. The cryptocurrency exchange platform is to release its quarterly earnings today. (Photo illustration by Leon Neal/Getty Images)Leon Neal | Getty Images News | Getty ImagesCoinbase plans to offer crypto-linked derivatives in the European Union, and it's planning to acquire a company with a license to do so.The U.S. cryptocurrency exchange told CNBC…

Indian financial services startup MobiKwik seeks to raise about $84.2 million in an initial public offering in the home market, it said in a draft prospectus filed with the local markets regulator Friday. This is the second time MobiKwik has filed the paperwork for an IPO. The startup, backed by Peak XV and Abu Dhabi Investment Authority, initially sought to raise about $250 million through sale of new and existing shares in 2021, but deterred the plans after the market conditions worsened. SBI…

Exponent Founders Capital, an early-stage venture firm founded by alumni of startups such as Plaid, Robinhood and Ramp, has closed on $75 million in capital commitments, TechCrunch is the first to report.  The firm, which is emerging from stealth today, raised $50 million for its first fund in November of 2021. Managing Partners Charley Ma and Mahdi Raza co-founded Exponent after meeting while Ma was leading fintech growth at Plaid, and Raza was leading growth and payments at Robinhood. At the time, Robinhood was one…

The recent raid on certain fintech firms that are believed to be backed by China led to the discovery of certain firms using "dummy" directors and local subscribers to operate on behalf of Chinese entities within India The…

Ruth Foxe Blader has left her role as partner at Anthemis Group after nearly seven years to start her own venture firm, Foxe Capital, TechCrunch learned exclusively today. Blader is joined by former Anthemis investment associate Kyle Perez. Sophie Winwood is serving as an operating partner. Winwood previously co-founded WVC:E, an organization that pledges to promote “inclusion, empowerment and integration of VC globally,” with Blader. Over the years, Blader says she has led investments in more than 50 fintech…

This year was challenging for the financial technology, or fintech, sector. Interest rates rose and funding fell, continuing the shift in focus from growth to profitability.   But what does 2024 have in store? Will AI revolutionise the industry? Will funding pick up? What sectors will thrive? What’s the outlook for the Dutch market?   We spoke to five experts on what to look out for in 2024.   Few new startups but regtech will go “through the roof”   Don Ginsel is the CEO and Founder of…

Filip Radwanski | Sopa Images | Lightrocket | Getty ImagesBitcoin had a huge rally in 2023, with the digital currency up some 152% for the year.And a number of commentators CNBC spoke to — both inside and outside of the cryptocurrency industry — expect the rise to continue.After hitting a record high in 2021, bitcoin had a rough 2022, which was marked by the collapse of high-profile projects, liquidity issues and bankruptcies.That year, FTX, once one of the world's largest cryptocurrency exchanges, filed for bankruptcy.…

Some five or six years ago, when fintechs burst into the financial services industry, they were seen as the disruptors. But 2023 brought most of them into the regulatory fold—whether they were payment gateways, cross-border players or digital lending startups, the Reserve Bank of India (RBI) framed rules for all.Now, as the fintechs enter 2024, they will prepare for life within the regulatory ambit.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteNorthwestern UniversityKellogg Post…