This is a continuation from our last article on Fintech valuation in the previous edition. In this article, I explore the drivers of valuation and strategies you can use to significantly enhance the valuation of your Fintech venture, regardless of whether this is a start-up, a venture that is already growing fast or a corporate initiative to venture down the Fintech path.
Valuations matter, because it will determine how much of your company you give away to an angel investor or a private equity firm during a fund raising round. It will matter hugely when one day you decide to sell the business or be acquired by a larger [...]
We spoke with Steve Tigar, the CEO of Edinburgh-based startup Money Dashboard, a free personal financial management service.
Why fintech in Edinburgh? Tigar explains: “We have the second largest financial centre in the UK, an area that ranks above the likes of Madrid, Milan and even Moscow on a global level. We are a major centre for asset servicing, have one of the world’s top fund management hubs, and excel in services ranging from brokerage to corporate finance. We are at the centre of Scotland’s finance industry, a major [...]
On 5 April, SWIFT announced that 21 banks have started the pilot for its global payments innovation initiative, intended to improve the customer experience in correspondent banking by increasing the speed, transparency and predictability of cross-border payments.
The pilot is planned to run through to December, the first results of which will be shared at Sibos 2016 in Geneva this September. The banks participating in the pilot include: ANZ, Bank of America Merrill Lynch, Bank of China, Bank of New York Mellon, Bank of Tokyo-Mitsubishi UFJ, Barclays, BNP Paribas, Citi, Danske Bank, DBS, ICBC, ING Bank, Intesa Sanpaolo, [...]
I attended Betterwork’s Goal Summit on Thursday and the two ‘keynotes’ of the day were John Doerr of Kleiner Perkins and Prasad Setty of Google. Doerr cited the space race to the moon to illustrate his point on attaining goals, and Setty used the Warriors’ recent success to introduce the intended team objective. Boom! A headline made in [software] heaven, for the masses [and ages], and on a more serious note, particularly great insights from two seasoned operators.
So specifically, what does John Doerr think about the private space race between SpaceX and BlueOrigin? I have no idea, but if you ask him, please let me know. I did however think it was telling (or at least [...]
Asset Match is the only company in the UK currently offering this service. Themselves a startup, founded in 2012 and even having completed their own fundraise on a crowd platform.
In a nutshell, AssetMatch provides an auction-based marketplace where buyers and sellers can place their share offer, and when the auction closes, the match price, the average price, between what sellers want and what buyers want, is achieved, and then ALL the deals are done at that match price.
It’s a clever, simple, and correct way to achieve a true valuation for shares, and it enables individual [...]
It feels like one can’t get away from Crowdfunding. On the tube, adverts promise that Seedrs “Take care of the boring legal stuff so you can invest in exciting startups”. Crowdcube encourage us to buy into a passion for coffee. Investments being sold not on the basis of a return, but on the basis of the actual investment experience. This is not least because the returns are unproven, very. Why do people invest on a crowdfunding site? They themselves might well claim it’s to [...]
You need to be a special kind of person to be a security analyst. Of course, you need expertise across a range of technologies, as well as understanding best practice around protecting data against a range of threats. But you also need to be able to spot the causal needle in a haystack of data, from a variety of servers, firewalls and other security devices; and quickly.
Above all, however, you need resilience. Security is relentless: rarely a day goes by without some potential threat emerging. You’re well aware that the privacy of your customers, your company’s reputation and, potentially, its [...]
Is my business concept working? If your business is going to be successful in the long term, it has to be profitable. That’s easy to understand but if you are still in the development stage, it’s a very different situation. There are no sales metrics to determine whether the business is heading in the right direction and at the right pace.
However, that’s no reason to ignore this question. The sooner you can understand out how well the business’ concept [...]
Thinking that London is the only city in the United Kingdom where Fintech companies can thrive is a mistake. Edinburgh, thanks to its high quality of life and its relatively small size, is the perfect city where entrepreneurs can launch their businesses and see them growing.
Within the last years, thanks to its strong performance in the raising tech sectors – such as fintech –, Edinburgh has become the second largest financial centre in the UK, putting at stake the leadership of London as capital of the Flat White Economy.
Edinburgh, being a small, vibrant centre enriched by [...]
Parse is an example of an MBaaS or “Mobile Backend as a Service” which can be a cost-effective way to deliver backend for apps. Typically these solutions offer a free entry-level service, and can scale up as users demand it. This makes them perfect for startup app development.
Of course, “cloud” solutions come with their own risks — one being policy changes or, in this case, a complete shutdown announcement, both of which can leave you with a massive challenge.
Luckily, in this case, it’s [...]