India Challenges China in Global Fintech Fundraising

share save 171 16 - India Challenges China in Global Fintech Fundraising

Entrepreneur | Komal Nathani | May 6, 2019

fintech deals india china - India Challenges China in Global Fintech FundraisingIndia overtook China in funding as China’s fintech funding fell off in Q1 of 2019, according to the Global Fintech Fundraising report by CB Insights. The India deals were flat compared to the same quarter a year prior while China saw deal drop to a 5-quarter low. According to report, due to regulatory tightening in the online lending space, China witnessed the fall as it rattled the investors’ attention.

China’s Regulatory Limitation

China has rolled out a few measures to cover its financial risks arising from its fledgling online lending industry. The government crackdown on online lending space has affected the fintech players who provide individual loan facility, too.

In February, China reportedly seized $1.5 billion from online lenders. China’s policy investigated 380 online lenders and froze $1.5 billion in assets in a crackdown following an avalanche of scandals in the huge but lightly regulated industry. This shook the fintech industry in the country and troubled its rapid growth.

See:  The 11 Biggest Fintech Companies In America 2019

The report adds that investors poured $286 million into Indian fintech companies across 29 deals in Q1 2019, narrowly beating China as the top Asian fintech market. Chinese fintech companies raised $192.1 million in funding across 29 deals over the period, down from $1.83 billion last quarter.

India v/s China

Due to China’s government crackdown on lending policies, India gained the momentum with more deals in fintech space. Lending startups are gathering steam as they, like their Chinese counterparts, tailor services to the country’s large unbanked and underbanked consumers and enterprises. Moves from tech leaders are also set to send ripples through the rest of the industry. Amazon finally followed its rivals Paytm, Google Pay and PhonePe to start offering peer-to-peer payments in the country. Walmart is closely watching how Flipkart, which it bought out last year, applies data to payments’ solutions.

Top Fintech Fundraiser

US remained the top fintech market with 170 deals and $3.3 billion raised. Europe, which beat Asia as the second top fintech market, saw 102 companies taking in $1.7 billion.

Continue to the full article --> here


NCFA Jan 2018 resize - India Challenges China in Global Fintech Fundraising The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - India Challenges China in Global Fintech FundraisingFF Logo 400 v3 - India Challenges China in Global Fintech Fundraisingcommunity social impact - India Challenges China in Global Fintech Fundraising

JOIN US THUR, AUGUST 6 DIGITAL IDENTITY & CONVERGENCE MARKETPLACES WEEK!


As the digital economy grows and the world increasingly moves online, the future of digital identity will deliver new frameworks and infrastructure to support digital commerce, online interactions and social identification in more secure and robust ways than ever thought before. This future is here today where individuals and businesses can establish digital representations of their identities to serve as the gateway to store and protect sensitive data, manage permissions and ultimately enable the future of Convergence Marketplaces.



GET TICKETS NOW
More Info



Week 5 Digital Identity and Convergence Marketplaces resize2 - India Challenges China in Global Fintech Fundraising



NCFA COVID 19 letter to government to support Fintechs and SMEs - India Challenges China in Global Fintech Fundraising

NCFA Newsletter subscribe600 - India Challenges China in Global Fintech Fundraising

NCFA Canada | Team FFCON20 | Aug 3, 2020 Join us Thursday, August 6, 2020!  As the digital economy grows and the world increasingly moves online, the future of digital identity will deliver new frameworks and infrastructure to support digital commerce, online interactions and social identification in more secure and robust ways than ever thought before. This future is here today where individuals and businesses can establish digital representations of their identities to serve as the gateway to store and protect sensitive data, manage permissions and ultimately enable the future of Convergence Marketplaces. Why digital identity matters globally in 2020 – where is it taking us and what’s the future How businesses and government need to adapt to consumer ownership of data Are consumers ready to control their own data? How blockchain technology and other core tenants are the foundation for Convergence Marketplaces – A peak into the future Liquid Avatar and and convergent marketplace DEMOs   FFCON20 Week 5:  In Focus NEXT UP --> Aug 6, 2020 Digital Identity & Convergence Marketplaces Time remaining for this deal ...
Read More
Week 5 Digital Identity and Convergence Marketplaces resize2 - India Challenges China in Global Fintech Fundraising
NCFA | Samuel He | July 28, 2020 With technical job creation outpacing the rate of technical studies graduates, demand for software developers is high. As a result, competition for in-house software development talent is expensive. The rapidly growing Fintech space requires top-notch development teams to push the limits of new financial experiences. Ideas in fintech are plentiful, but the challenge is a lack of technical capability. Recognizing this need, Finnovate.io was founded in 2016 to provide digital innovation services to customers in the Fintech ecosystem. Finnovate.io specializes in web, mobile, and blockchain application development. They have a track record of providing technical expertise at all stages of product development. See:  Fearless: How Technology Helps Conquer our Fear of the Unknown Acting as a trusted software development partner, the company leverages its expertise in software technology and finance by working closely with a client’s core team. Their mission is to deliver results while cutting time to completion, costs, and stress. As a part of their product mix, they also deliver technical training to their Fintech partners. Finnovate.io’s training initiatives involved gamifying financial literacy training in the classroom for Junior Achievement. They also delivered a budget simulation experience that changes the way ...
Read More
finnovate.io home - India Challenges China in Global Fintech Fundraising
NCFA | FFCON20 Team | July 28, 2020 Join us Thursday, July 30, 2020!  Leaders inspire a vision of the future, motivate and coach others, and bring together the resources and skills to achieve a vision.  They must overcome challenges and obstacles as they lead people, technology, markets and navigate regulation towards transformative change. How humans can adapt during crisis and how to unleash it How to understand and lead in culturally diverse and different environments What are the 'People lessons' learned for growing organizations? How can a dynamic leader capitalize on their vision, market and relationships? Interactive Networking Breakouts!  Network and learn with experts on the topics of 'Pitching & Funding During Covid-19, Fintech Innovation and Growth Mentoring' ...
Read More
Leadership image 1 - India Challenges China in Global Fintech Fundraising
NCFA Canada | Craig Asano | July 28, 2020 TORONTO, JUL 28, 2020 – The National Crowdfunding & Fintech Association of Canada (NCFA) today announced that Michelle Beyo, Founder and CEO of Finavator, has joined the Association`s growing Advisory Group to advise on the areas of payments and financial inclusivity. Michelle Beyo is Founder & CEO of Finavator INC, Money2020 RiseUp Alumni, WomeninPayments Global Console & Award Committee Member, FinTech Advisor, CPPO Member, Amazon Prime Docu-Series Associate Producer and Participate on season two of The Social Movement. Michelle started Finavator as she is passionate about payments & financial inclusion. Her background in Telecoms, E-commerce, Prepaid and Loyalty programs nurtures her passion for the world of tech. She has 20 years of extensive industry experience driving innovation across the retail and payments industry. Her most recent roles were as Chief Client Officer for a Blockchain startup focused on consent-based data sharing, Senior Director of Sales and Marketing at InComm, and Director of Loyalty Solutions for Aeroplan Division at International Marketing Company. Her company, Finavator (www.finavator.com), helps Enterprise and Fintech companies present their customers with innovative payment and digital services. Finavator's team has experience and expertise in Payments, Open Banking, Prepaid Solutions, ISO 20022, Challenger Banks, , Affiliate Marketing, Micro Loans, E-Commerce, ...
Read More
Michelle.Beyo 320 - India Challenges China in Global Fintech Fundraising
Crowdfund Insider | JD Alois | Jul 27, 2020 Seedrs has long been an innovator in the secondary market for crowdfunded securities. Today, the leading UK based crowdfunding platform is announcing variable pricing for its secondary market. Launched in 2017, Seedrs Secondary Market has continued to iterate and add new features and functionality. Of course, the biggest challenge is liquidity but that is something that should resolve itself over time as the platform grows and external issuers utilize the marketplace. According to a recent blog post, Seedrs July market volume saw levels return to their “pre-Revolut levels of trading.” Seedrs states that during the July opening, 907 share lots were sold worth £229,000. There were 456 buyers and 423 sellers trading in securities issued by 162 businesses at an average value per business of £1.4k. Seedrs reports that each seller made an average profit of £202. See:  OSC LaunchPad approves TokenGX (Tokenfunder) for Secondary Trading of Digital Securities Variable pricing should make it easier for buyers and sellers to make a market by matching supply with demand more effectively. In an email, Seedrs founder and Chairman Jeff Lynn said variable pricing represents an “important milestone in our work to be ...
Read More
Seedrs raising capital - India Challenges China in Global Fintech Fundraising
Sifted | Isabel Woodford | Jul 22, 2020 It's been a slow journey to get UK customers meaningful control of their bank data. Is the next phase of "open finance" the answer? It’s a noble task to want to help users control, access and utilise their financial data better. The problem is, users aren’t convinced they want a third-party poking their nose into their data, or if it’s really of much use to them. Here are their top four top takeaways about what it will take for open banking to take off, and why open finance is an important next step. 1) Success relies on building awareness The panellists agreed that one key obstacle to open banking so far has been a trust-gap; fuelled by poor communication around user-benefits. See:  3 examples of what open finance can do right now Roisin Levine referenced research that still shows “very, very low percentages” of people say they’re willing to share their data in exchange for “more personalised services.” She said these vague concepts are unhelpful and apps need to “explain this stuff…don’t use these big, high-level generic terms.” She recommended products leveraging open banking get more specific about the benefits to boost ...
Read More
open banking US vs UK and Europe - India Challenges China in Global Fintech Fundraising
The Finanser | Chris Skinner | July 21, 2020 I’ve seen a few big deals signed this month to get banks onto the cloud, such as National Australia Bank (NAB) switching to Microsoft’s Azure, and Deutsche Bank moving to the Google Cloud. McKinsey expect that cloud usage will rise from less than a quarter of banks business being cloud-based to anything between 40 and 90 per cent of banks’ workloads globally moving to the cloud over the next decade. Bankers believe coronavirus will accelerate that shift dramatically which is why companies like IBM made a big announcement of renewed Cloud for Financial Services offer yesterday. This is a development building on when Bank of America and IBM announced their collaborative efforts in creating the first public cloud specifically designed to address the requirements of financial services institutions late last year. See:  4 Digital Transformation Lessons that Banks Need to Learn from Covid-19 Bank of America’s Cathy Bessant, Chief Operations and Technology Officer at Bank of America described the new partnership with IBM as “one of the most important collaborations in the financial services industry cloud space. This industry-first platform will allow Bank of America to use the public cloud, putting data ...
Read More
fintechs banks and cloud - India Challenges China in Global Fintech Fundraising
Coindesk | Nikhilesh De | Jul 22, 2020 In a letter dated July 22, Senior Deputy Comptroller and Senior Counsel Jonathan Gould wrote that any national bank can hold onto the unique cryptographic keys for a cryptocurrency, clearing the way for national banks to custody digital assets for their clients. At present, only specific crypto custodians, such as Coinbase, can do so, usually with a trust charter issued by a state financial regulator. The letter, which appears to be addressed to an unidentified bank or similar entity, notes that banks “may offer more secure storage services compared to existing options,” and that both consumers and investment advisors may wish to use regulated custodians to ensure they don’t lose their private keys, and therefore, access to their funds. See:  Consilium Crypto Saves 10% on Transactions for Institutional Digital Asset Traders “Providing custody for cryptocurrencies would differ in several respects from other custody activities,” the letter said. It pointed to the need for digital wallets, adding that because they exist on a blockchain, there is no physical possession for cryptos. “The OCC recognizes that, as the financial markets become increasingly technological, there will likely be increasing need for banks and other service ...
Read More
bank vault - India Challenges China in Global Fintech Fundraising
NCFA | Samuel He | July 22, 2020 Technology innovation and competition has led to increased dependence on third-party providers for essential services. The result has been an increase in security risks, data privacy, business resiliency, and reputation. These risks cost organizations millions of dollars every year. And the problem is made worse by trying to manage these risks with disintegrated risk management processes and manual governance. Founded by Jai Chinnakonda, ENGAIZ is an automated AI-driven platform aimed at tackling these problems. ENGAIZ’s mission is two-fold. One goal is to help enterprise customers effectively engage and govern third-party vendors. This strengthens relationships, mitigates risks, controls cost, driving performance and innovation. The second is geared towards helping third-party vendors move from being a mere vendor to a trusted partner. It is a win-win scenario. ENGAIZ uses machine learning and analytics to provide Integrated Governance and Continuous Risk Monitoring. Their services center on Strategic Vendor Engagement and Strategic Customer Engagement. Strategic Vendor Engagement provides several benefits to organizations. The platform allows for the ability to schedule, track monthly, quarterly and annual business review meetings with their vendor partners. It also emphasizes a move from a focus on ‘Cost Savings’ to ‘Risk Sharing’ ...
Read More
FFCON20 Fintech Draft Engaiz - India Challenges China in Global Fintech Fundraising
Advisor's Edge | James Langton | Jul 21, 2020 It’s the regulator’s first enforcement case against a crypto trading platform In a settlement that aims a shot across the bow of the fledgling crypto asset sector and mounts its first defence of whistleblowers, the Ontario Securities Commission (OSC) sanctioned crypto trading platform Coinsquare Ltd. and several executives. The regulator found the firm faked its trading volume, lied about it, and retaliated against an internal whistleblower. Following a virtual hearing, an OSC hearing panel approved a settlement with Coinsquare and its executives that includes over $2.2 million in sanctions and costs, as well as industry bans. The sanctions follow admissions that the firm violated securities rules by reporting inflated trading volume, which was generated by an internal algorithm that produced 840,000 wash trades (involving 590,000 Bitcoins), representing 90% of the platform’s reported trading activity. The OSC also found the firm made misleading statements about the phony volume when concerns were raised by clients on Reddit, and that Coinsquare retaliated against an internal whistleblower who brought concerns about the suspect volume to senior management. The whistleblower was terminated by the company. See:  Wealthsimple to expand into crypto trading In settling the case, ...
Read More
Bitcoin - India Challenges China in Global Fintech Fundraising

 

share save 171 16 - India Challenges China in Global Fintech Fundraising