In this edition:
A$AP Rocky Becomes the Latest Investor In $31 Billion Fintech Platform Klarna
Capgemini Defines Four Stages for Fintech Start-Up Growth
Fintech Star Primarybid Launches in France With Euronext After Bumper Year
Britain Fintech Curve Raises Most Successful Crowdfunding: £10m in 54 Hours
Technology Firms UP Fintech, Sea, Huobi, Razer Added to MSCI Global Index.
A$AP Rocky Becomes the Latest Investor In $31 Billion Fintech Platform Klarna.
Sweden-based Klarna is Europe’s biggest privately held fintech company with 4,000 employees and a $31 billion valuation, pumped up by investors like Softbank, General Atlantic and BlackRock.
The company has become elephantine in such a short time by offering customers the ability to make purchases and pay later, making money by charging merchants to utilize Klarna’s payment technology. Today Klarna names a new investor: rapper, designer and producer A$AP Rocky.
Capgemini Defines Four Stages for Fintech Start-Up Growth.
Consulting firm Capgemini and international banking association Efma have released a new World FinTech Report 2021. The authors note that over the last 13 years - since the crisis of 2008 - neobanks and fintech startups have turned from novices into experienced players, who must now focus on generating profits.
Fintech Star Primarybid Launches in France With Euronext After Bumper Year.
Fintech PrimaryBid has launched in France in partnership with Europe-wide exchange Euronext after a bumper year.
The retail investor platform, founded in 2016 by former Goldman Sachs banker Anand Sambasivan, already has a deal with the London Stock Exchange allowing the app to put its details on announcements.
Britain Fintech Curve Raises Most Successful Crowdfunding: £10m in 54 Hours.
Britain’s one of the fastest growing fintech – Curve has recently announced to have closed the fastest ever equity raise on Crowdcube, breaking many records during the campaign.
The company raised nearly £10m at its closing in 54 hours from 11,795 investors.
In just 2 hours 49 minutes after it went live on 25th May, Curve raised £6m which is considered the fastest ever raise on Crowdcube.
Financial Technology Firms UP Fintech, Sea, Huobi, Razer Added to MSCI Global Index.
Financial technology companies UP Fintech (NASDAQ:TIGR), an Asian online brokerage firm focusing on global investors; Sea, a digital commerce business; Huobi Technology, a blockchain-focused company; and Razer, a multinational gaming and financial services provider, were among the firms that have been added to the MSCI global indexes on Thursday (May 27, 2021).
MSCI indexes aims to provide a measurement of stock market performance in a certain area or industry, offering investors important insights on different market segments.
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