AltFi News - 27.04.18

The latest news from the world of Alternative Finance and FinTech
In the news this week
Global VC-backed fintech funding saw a record-breaking number of deals in Q1 2018. 323 FinTechs secured funding, raising a record $5.4 billion, up nearly 30% from $4.2 billion in Q4 2017. However, research from start-up data specialist Beauhurst has revealed that UK FinTech fundraisings declined from 40 in Q4 2017, to 34 in Q1 2018. In other news, challenger bank Revolut has become a unicorn, after raising $250 million and is now worth $1.7 billion.
Global FinTech funding hits record $5.4bn in Q1



VC-backed FinTech firms raised a record $5.4 billion in the first quarter of 2018, boosted by a dozen mega-rounds of at least $100 million, according to the latest figures from CB Insights. (Finextra)
FinTech start-up Revolut raises $250m to become next UK unicorn
One of the UK’s growing challenger banks Revolut has raised $250 million (£179 million) in Series C funding and is now worth $1.7 billion (£1.2 billion). This new valuation means the FinTech start-up is officially a unicorn. (Evening Standard)
One in 5 finance firms is considering trading cryptocurrencies
A fifth of finance firms are considering getting into cryptocurrency trading within the next year, according to an industry poll by Thomson Reuters. A survey of over 400 Thomson Reuters clients found that one in five is considering getting into crypto, with the majority weighing a push into the market within the next six months. (Business Insider)
What we’ve seen in Search
There’s been an increase in searches for generic credit card and loans searches recently – are we seeing the impact of lenders tightening their credit-scoring criteria?
Lending Works exceeds £100m milestone
Lending Works has announced that it has surpassed the £100m of lending milestone. The P2P platform – which reached £50m of lending just a year ago – has now lent more than £100m to over 16,000 borrowers since it was launched in January 2014. (Bridging & Commercial)
P2P lending set to pass £9bn milestone
Lending at the UK’s largest peer-to-peer finance platforms is fast approaching £9bn. Data from the industry’s trade body the Peer-to-Peer Finance Association (P2PFA) showed its eight members reached cumulative lending of £8.96bn at the end of the first quarter of 2018. (P2P Finance News)
Stat of the Week
Europe FinTech deals dipped to a five-quarter low in Q1 2018, but funding hit a five-quarter high driven by $100 million plus investments to later-stage digital banking startups N26 and Atom Bank
Zopa sees £100m boost from IFISA investors
Zopa saw more than £100m invested through its Innovative Finance ISA (IFISA) in the last tax year, the platform has revealed. The amount easily surpasses the total subscriptions of £17m in the 2016/2017 tax year, when Zopa, and other major players such as Funding Circle and RateSetter, had not yet launched their IFISAs. (P2P Finance News)
Tweet of the Week
The Marketing Eye says
How to make channel marketing work in FinTech
In strategy discussions with FinTech and InsurTech clients, the debate about direct acquisition versus working through intermediaries always comes up. And for understandable reasons.
How to use ‘legitimate interest’ instead of consent for marketing under GDPR?
There is much talk, and indeed confusion, about the need for explicit consent to process personal data for marketing purposes under GDPR.

Take the first step

To find out more about how we can help you grow faster, please get in touch. We'd like to hear from you.  Or try our instant marketing healthcheck, it's free!

Request a call