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The Biggest IPO in History, EU Crowdfunding News, Deep Dive Into Digital Wallets

Hey fintech folks! Here we are with an interesting week for investment crowdfunding in the EU, with n
Issue #76  •  October 12  •  View online  •  Suggest a link
Sharing with you relevant and exciting utilization of a number of innovative technologies, be it disruptive or sustaining to the existing financial services industry.
Hey fintech folks!
Here we are with an interesting week for investment crowdfunding in the EU, with new harmonised rules for crowdfunding platforms and with two of the biggest platforms that announced a deal to merge. Together with a compelling analysis by The Economist, regarding what is about to become the biggest IPO in history. Plus a detailed analysis of digital wallets and much more!
As always, if you like this newsletter, remember to share the love and tell your fellow fintech enthusiast friends to sign up here.
Happy reading,
This Week in Fintech
China’s pre-eminence in digital money is likely to be on display in the next few weeks with the monster listing of Ant Group, its largest fintech firm, in Hong Kong and Shanghai. Measured by cash raised, it will probably be the biggest initial public offering in history, beating Saudi Aramco’s last year.

New harmonized EU rules will allow European crowdfunding platforms to provide new opportunities for startups and investors.

An interesting in-depth analysis on digital wallets, with a focus on Venmo and Cash App.   •   Share

Funding, Merger & Acquisitions
As its business booms, pay-later fintech upstart Affirm confidentially filed for to go public on Thursday—less than a month after it lined its pockets with $500 million in fresh venture capital.   •   Share

UK crowdfunding platforms Crowdcube and Seedrs have agreed to merge together to become “one of the world’s largest private equity marketplaces.”   •   Share

Citigroup Inc has made a strategic investment in Genesis Global Technology Limited, a London-based startup that develops technology to make it cheaper and faster for financial firms to build applications such as trading systems, the companies said on Monday.

Something More for You to Read
The fintech industry is on a tear. Popular consumer services like Robinhood to Coinbase and Revolut have managed to attract millions of customers, but the most interesting trend right now is embedded finance. Tech companies that don’t necessarily provide financial services can embed services from fintech companies directly in their products.   •   Share

New investment and renewed innovation in the payments space may cut into the margins of some of the world’s biggest players.   •   Share

5% of Coinbase’s staff is leaving after CEO Brian Armstrong published his controversial blog post.   •   Share

Square said Thursday it bought 4,709 bitcoins, worth approximately $50 million.   •   Share

The government turned to web-based lenders to get money out quickly, without too much paperwork.

DBS and Standard Chartered will soon launch a trade finance platform for central banks worldwide (Skeptical about this kind of consortium project? Me too!).
Techstars Startup Digest Fintech is curated by:
Alessandro Ravanetti Alessandro Ravanetti - Freelance content writer and copywriter. Working in the fintech industry since 2011, I built and managed digital companies with distributed teams and international partners, gaining experience with both startups and large corporations. I am an independent expert with the European Commission, FundingBox and the Eureka Network, and an advisory board member of SXSW.
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