Hong Kong-based TNG FinTech Group Raises a $115mn series A round; the round was led by New Margin Capital, with participation from Nogle Group and Infinity-KBR Group; the funds will be used to expand globally and invest in new technologies including blockchain. Source.
JoinedNov. 30, 2016
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Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.
The worst week in SoFi‘s history is coming to an end. The company announced today that Mike Cagney has stepped down as CEO effective immediately. This follows the news on Monday that Cagney would be stepping down as CEO by the end of the year. But the bad news this week kept escalating and the board decided it needed to take action now. Source.
As consumers reel from yet another massive data hack, this time of Equifax, fintech leaders are looking to solve the problem to prevent future hacks from happening; Chris Skinner offers up a couple of solutions that corporates and financial services firms should implement; biometrics & touchID, though these are not hack proof, and blockchain technology; he points out the power and security of the blockchain in helping to keep personal data secure. Source.
In the FT’s big read they take an in-depth look at the boom of initial coin offerings (ICOs) and the potential bubble they are causing; ICOs have thus far raised over $1.8bn worldwide and have shown no signs of slowing; the bigger question is will international financial regulators clamp down to kill the market or provide it more structure. Source
Last week the Securities and Exchange Commission (“SEC”) released a report on the Initial Coin Offering (“ICO”) of the Decentralized...
In Austin last week American Banker hosted their annual Digital Banking Conference where banks of all sizes gathered to discuss...
Blockchain has quickly become the buzzword in fintech for 2017; Consensus 2017 took place this week in New York City...
With worldwide rates continuing to stay low investors continue to look at alternative fixed income assets to earn larger returns....
The LendIt team is excited to return to China for our second annual Lang Di Fintech conference on July 15...
In a move viewed as a step towards becoming more central to their member’s financial lives, SoFi acquired Zenbanx for...