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Startup Digest

FinTech

August 12, 2016

Hello FinTech Enthusiasts,  

Here is the latest edition of the FinTech Digest. This week's highlights include Walmart's Jet.Com acquisition, consequences of hacking attacks on passwords and cryptocurrency exchanges as well as some insights into Square’s Q2 earnings report. Hope you enjoy it and, as always, feel free to reach out with any questions or suggestions.  

Best,
Karolina

FinTech Startup Digest is curated by:
Karolina Noronha

Karolina Noronha - Product & Payments Partnerships

Contact Karolina Noronha at karolina.noronha@startupdigestmail.com

Camron Miraftab

Camron Miraftab - Capital Markets Consultant and Start-up Enthusiast

Contact Camron Miraftab at camron.miraftab@startupdigestmail.com

Thilmin Gee

Thilmin Gee - Global Payments and FinTech Startup Enthusiast

Contact Thilmin Gee at thilmin.gee@startupdigestmail.com

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Password Hacking Forces Big Tech Companies to Act

Robert McMillan - Wall Street Journal

Twitter, Facebook and others react to stolen credentials, in some cases risking the loss of users by making them reset their passwords.

Composite Lending: Why a Hybrid of Balance Sheet and Marketplace Lending Makes The Most Sense

Oleg Seydak - Fintech Weekly

A few years ago, marketplace lending platforms quickly gained steam and emerged as Wall Street darlings, promising to bring greater access, speed and efficiencies to all parties involved in the borrowing process.

In recent weeks, however, a series of high profile incidents and disappointing earnings statements have called into question the transparency, stability and viability of the marketplace lending business model.

Why Walmart Bought Jet.com

Grace Noto - Bank Innovation

After a week of speculation, it has been officially announced that Walmart will acquire innovative ecommerce company Jet.Com, for which it will pay $3 billion in cash. It’s a sweet deal for Jet, and could in the future provide some possible healthy competition for Amazon, which may be what attracted Walmart to the online-only store in the first place.

Risks in the Crowdfunding Industry

Vaishali Naroola - BANKNXT

The short article looks at the risks associated with the crowdfunding sector in an attempt to avoid the mistakes that led to the global financial crisis in 2008.

Fintech Funding has Declined Except for one Key Area

BI Intelligence - Business Insider

Global fintech funding was $1.32 billion in Q2 2016, down 25% from $1.77 billion in Q1 2016, according to Strategy&. That's down 51% from Q1 2015 when global fintech funding reached $2.7 billion. Although total fintech investment declined, investment in insurtech increased to $277 million in Q2 2016, up 12% from Q1 2016.

How to Properly Secure Cryptocurrencies Exchanges

Leger - Medium

The Blockchain Graveyard is a list of Bitcoin exchanges which have been hacked. It is growing constantly, not only sabotaging the general public trust in cryptocurrencies, but also ruining companies, customers and investors alike.

Square up over 9% in After-Hours Trading Following $439 Million in Revenue for Q2 2016

Ken Yeung - Venture Beat

Square released the results of its 2016 second quarter earnings, which generated $439 million in revenue, a 41 percent increase from a year ago. Its gross payment volume jumped 42 percent for the same time frame to $12.5 billion. 

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