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Fintech funding round-up: 24 April 2017

funding

The latest fintech funding round-up featuring Token, Ongo, National Bank of Canada (NBC) and a bunch of venture capitalist firms.

Siam Commercial Bank invests in new fintech focused VC firm

Bangkok, home of Siam Commercial Bank

Thailand’s Siam Commercial Bank (SCB) has invested a “significant” sum into a new Singapore-based venture capital (VC) firm, Dymon Asia Ventures.

Symantec ventures into cybersecurity start-up space

Symantec has created a venture capital arm, Symantec Ventures, as it looks to work with cybersecurity start-ups. Its plan is to get start-ups to build on its Integrated Cyber Defence Platform and save them time. It will also talk to start-ups and academic communities through sponsorship of activities such as innovation challenges and hackathons. These […]

Brexit wrecks it for UK fintech investment

It'll be hard

Uncertainty over Brexit has created a 33.7% decrease in UK venture capital (VC) investment for fintech firms, according to research by Innovate Finance. Investment was down to $783 million – less than two thirds of 2015 investment of $1.2 billion. Nine of the top 20 UK deals closed post Brexit, with total investment after the […]

Bank Central Asia sets up fintech focused VC company

BCA keen to invest in fintech firms

Bank Central Asia (BCA), an Indonesian bank with over 1,100 branches and 17,000 ATMs, has established a venture capital company, Central Capital Ventura (CCV). CCV has a paid-up capital of IDR 200 billion ($15 million).

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