2020 is off to a fast start when it comes to fintech financings and M&A deals as the past week...
The online lender has named Bank of America Merrill Lynch, Goldman Sachs, Morgan Stanley and Numis Corp to work on their upcoming IPO; the IPO is currently slated for the second or third quarter which may value the company around $2 billion; if successful it would be the largest IPO for a British fintech company; Index Ventures, Union Square Ventures and Accel Partners were early investors in the company. Source
With cryptocurrency market caps rising and futures markets being adopted 2017 saw hedge funds pour over $2bn into the space; the figures come from a Morgan Stanley note sent to clients with research included from Autonomous NEXT; the note also shows 84 of 100 crypto related funds started in 2017; this year has helped the market to begin being more widely accepted by traditional institutional investors. Source.
Morgan Stanley CEO James Gorman said he thinks bitcoin is “certainly something more than just a fad,” according to a Bloomberg report; he also stated that the concept of anonymous currency is interesting because of the privacy it provides; while he has yet to invest in the technology he does see more regulatory control coming soon. Source.
Morgan Stanley knows how important data is to the core of their business and in 2018 they created the data...
In this conversation, we talk all things Wall Street, FinTech, and Venture Capital with Patrick Pinschmidt, who's the general partner and co-founder at MiddleGame Ventures.
More specifically, we discuss the ups and downs of sell-side research in the early 2000s, the evolution of financial technology to today’s FinTech, an insight into the Financial Stability Oversight Council at the US Treasury Department, the founding of Middlegame Ventures and its impressive investment portfolio, and the transformation of financial services fueled by the rapid innovation in FinTech.
This week, we put on the Goldman hat and go shopping for companies. We buy a little bit of Folio and sell some Motif. We look at Personal Capital and the $1 billion it wants for its $12 billion of assets. We examine the private markets with Addepar / iCapital and SharesPost / Forge, and then move over to the banking sector. Should we buy Wells Fargo, as rumored, or some digital wallet apps? Read on for how to acquire a best-in-class Fintech.
According to the Wall Street Journal, E*Trade has five million retail customers including $360 billion in assets; Morgan Stanley will...
After completing a 16 month pilot program Morgan Stanley has announced their robo advisor Morgan Stanley Access Investing; there is a $5,000 minimum with a 0.35 percent fee and they will offer 11 portfolios, including a socially responsible option; the goal of the new service is to offer current clients’ children a better, more affordable wealth management option. Source.
Morgan Stanley has partnered with Addepar to provide investment management platform services for its private wealth management group; Addepar is a growing investment management platform that provides solutions for aggregating and managing the wealth of private high net worth clients; Addepar is supported by Peter Thiel; prior to the partnership with Morgan Stanley its clients primarily included registered investment advisors; it is now seeking to expand to a broader range of large private wealth banking clients. Source