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Motive Partners - Brainfood

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"Private equity has smartly spotted the unrealised value in Britain’s fintech. Following the sale of
 
July 24 · Issue #44 · View online
Brainfood
“Private equity has smartly spotted the unrealised value in Britain’s fintech. Following the sale of Worldpay, Blackstone and CVC Partners have also latched on with their £2.9bn offer for Paysafe. It’s a pity that Paysafe investors are bailing out so quickly instead of keeping the faith with a group that has more than doubled in value since 2013. Instead of waiting to be bought out, former boss Sir Chris Gent was bold enough to take Vodafone on an acquisition spree that saw it emerge as a global lender in mobile”
Daily Mail, Alex Brummer: Paysafe

Brainfood - 24.07.17
Financial Services
Government could start offloading RBS shares
There is no 'existential crisis' challenge for banks from FinTech, HSBC's digital chief says
Open banking leading financial services revolution
Commonwealth Bank to review life insurance unit: JPMorgan mandated
Citigroup to move post-Brexit trading activities to Frankfurt
Wells Fargo Control Tower to map customer's digital footprints
Visa is Betting on Businesses, Not Consumers, to Win the War on Cash
Borsa Italiana partners IBM on securities data blockchain system for SMEs
Global cyber attack could spur $53 billion in losses: Lloyd's of London
PayPal strikes deals with Chase and Citi
The next round of bank transformation projects should be 'bionic'
FinTech
FinTech evolution, rising opportunities begin to catch private equity’s gaze
Aviva and Founders Factory are betting on FinTech startups Luther Systems, Psious, Shepherd, Previse and Fitwell for artificial intelligence, blockchain and virtual reality expertise
More government money for Aussie FinTech
BestX signs up to Cobalt BlueSky platform as TCA partner
Twenty firms to compete for £5 million Open API prize
FinTech Investments in Sweden picked up in the first half of 2017 as deal activity hit record levels in Q2
Deal News
FinTech startup Klarna taps Permira for around $250M at $2.5B valuation
Blackstone, CVC make $3.7 billion bid for payments firm Paysafe
Ingenico Buys Swedish Rival in $1.7 Billion Payments Deal
MasterCard to buy AI outfit Brighterion
Apax in £1bn approach to gatecrash float of debt collector Cabot
Blackstone in talks to buy 40 percent of Israel cyber firm NSO: report
Barclays rides payments-as-a-service wave with investment in Form3
Finstar commits $150m to FinTech investment
Amazon acquires Santa Barbara start-up Graphiq to try to bolster Alexa
Funding
Former Credit Suisse board member de Boissard backs credit risk AI startup
Banco Letshego’s “LetsGo BlueBox” wins MasterCard Foundation funding
After relaunching its accounting platform, FreshBooks has raised another $43 million
Cyber Startup Awake Security Debuts with $31 Million in Funding
Corelight closes $9.2M Series A to help enterprises battle ransomware
Privitar lands $16m Series A led by Partech Ventures
Credit scoring startup Aire raises $5m; wins Zopa deal
Regulation
UK Government to ban "rip off" card surcharges
OCBC Bank's Open Vault paves the way for startup pilots
Key Hires
Barclays appoints outgoing Royal Mail FD as non-exec director
TransferWise CEO Hinrikus steps aside for co-founder Käärmann
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