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Pwc's Fintech Insights June 2018

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PwC’s FinTech Insights June 2018 PwC’s FinTech Insights Our insights From around FinTech tales Contacts the web 2 PwC PwC’s FinTech Insights PwC’s FinTech Insights Our insights From around the web FinTech tales Contacts An exclusive look at the latest developments and evolving technologies in the FinTech space The continued momentum of AI-driven digital e-commerce growth in China marketing China is one of the largest e-commerce markets and adopters of digital Mobile phones and the Internet have propelled the digital wave and technologies in the world. In 2013, it overtook the US to emerge as connected billions of people. Companies across geographies and the largest e-commerce market. In FY17, China had over 750 million industries agree that digital is the next battle field and are gearing up Internet users and a penetration of nearly 55%. Its online retail market is their entire strategy towards digital first. As a result, for the first time expected to grow from 17% of total retail sales in 2017 to 25% by 2020. in history, digital ad spends have outgrown all other channels and are Other Asian markets such as India are on track to follow China’s growth expected to reach 50% of the overall advertising sales by 2020. trajectory. Read more. Read more. 3 PwC PwC’s FinTech Insights PwC’s FinTech Insights Our insights From around the web FinTech tales Contacts Global insights handpicked by PwC Bermuda to create new From farm to plate via blockchain: class of banks to encourage Solving agriculture supply chain fintech problems one grain at a time The Government of Bermuda is to amend the Banking Act to create a In Australia there are 85,681 farm businesses. According to the National new class of bank specifically to cater to local fintech and blockchain Farmers Federation, the complete agricultural supply chain, including companies. The British island territory is bidding to put its name on the the affiliated food and fibre industries, provide over 1.6 million jobs to map as an outlier destination for fintech innovation, having recently the Australian economy. Agriculture, however, is one of the least digitised passed an ICO Bill and Digital Asset Business Act to attract companies in sectors in Australia. the blockchain and virtual currency space. Read more. Read more. 4 PwC PwC’s FinTech Insights PwC’s FinTech Insights Our insights From around the web FinTech tales Contacts Global insights handpicked by PwC Japanese Financial Services How can fintechs help migrants? Agency to change crypto Jim Mattis, US Defence Secretary, confirmed this week that two military bases will be used as temporary areas to house the migrants that have exchange regulations entered the US at the Texas border. While it was not confirmed that children will be housed with their families, Trump called for deportations Japanese financial regulator the Financial Services Agency (FSA) is without a judicial process on Twitter. considering to change the legal basis for how it regulates cryptocurrency exchanges, local media Sankei reports July 3. The FSA reportedly is Read more. considering to regulate crypto exchanges by the Financial Instruments and Exchange Act (FIEA), instead of its current legal foundation, the Payment Services Act. According to Senkai, this means that the Maharashtra to support over 500 exchanges will have stronger customer protections. The FIEA obliges securities companies to manage customer funds and securities, such as startups under fintech policy stocks, separately from corporate assets. The Maharashtra government said it is seeking to add over 500 startups Read more. to its registry so that they can participate in government projects and policies. “As far as the road ahead is concerned, we envisage that in near future we will at least have 500 FinTech startups which are enabled, stable, have successful sizeable funding and are going to make India and Maharashtra proud,” Joint secretary and officer on special duty to Chief Minister Kaustubh Dhavse said. Read more. 5 PwC PwC’s FinTech Insights PwC’s FinTech Insights Our insights From around the web FinTech tales Contacts News on recent investments, partnerships and acquisitions in FinTech in India Investments Company Automation Anywhere Company Policy Bazaar Sector Robotics process automation Sector Insurance aggregator Ticket size 250 million USD Ticket size 200 million USD Investor(s) NEA and Goldman Sachs Growth Equity Investor(s) SoftBank Vision Funds Policybazaar is India’s leading insurance Automation Anywhere empowers companies aggregator website. It specialises in conducting Company overview with robotic process automation to automate Company overview comparative analysis of insurance products virtually anything. of various insurance policies based on price, quality and key benefits. Source: https://economictimes.indiatimes.com/small-biz/startups/ Source: https://www.thenewsminute.com/article/policybazaar-raises- newsbuzz/automation-anywhere-raises-250-million-in-series-a-round- 200-million-softbank-vision-fund-attains-unicorn-status-83678 to-join-the-billion-dollar-plus-club/articleshow/64849330.cms 6 PwC PwC’s FinTech Insights PwC’s FinTech Insights Our insights From around the web FinTech tales Contacts News on recent investments, partnerships and acquisitions in FinTech in India Investments Company SigTuple Company Drip Capital Sector Health technology Sector Lending Ticket size 19 million USD Ticket size 15 million USD Investor(s) Accel Partners and IDG Ventures Investor(s) Sequoia Capital, Accel Partners & others Drip Capital offers a unique trade financing SigTuple uses artificial intelligence to develop product targeted towards SMEs in developing Company overview hardware and software to digitise pathological Company overview markets. Their comprehensive and automated tests for hospitals and clinics. risk assessment model gives rapidly growing SMEs quick and easy access to finance. Source: https://tech.economictimes.indiatimes.com/news/startups/ Source: https://www.livemint.com/Money/zrhKnyN6IInE6Na8Rl3zTM/ drip-capital-raises-15m-from-sequoia-capital-accel-partners-and- SigTuple-raises-19-million-from-Accel-IDG-others.html others/64675078 7 PwC PwC’s FinTech Insights PwC’s FinTech Insights Our insights From around the web FinTech tales Contacts News on recent investments, partnerships and acquisitions in FinTech in India Investments Company CredAble Company SMEcorner Sector Supply chain financing Sector Lending Ticket size 14.8 million USD Ticket size 7 million USD Investor(s) Alpha Capital Investor(s) Capital First, Accion Ventures CredAble combines technology, financing, deep SMEcorner is an online platform that enables Company overview learning, and analytics to dynamically create Company overview small and medium enterprises to access loans innovative supply chain financing products. from banks and NBFCs. Source: https://economictimes.indiatimes.com/small-biz/sme-sector/ Source: https://inc42.com/buzz/fintech-startup-credable-raises-14-8- smecorner-raises-7-million-from-capital-first-accion-ventures-others/ mn-in-series-a-funding-from-alpha-capital/ articleshow/64658388.cms 8 PwC PwC’s FinTech Insights PwC’s FinTech Insights Our insights From around the web FinTech tales Contacts News on recent investments, partnerships and acquisitions in FinTech in India Investments Company Sqrrl Fintech Sector Investment Ticket size 1 million USD Investor(s) Equanimity Ventures Fund Sqrrl is a digital platform aimed at millennials. It help them save and grow their money Company overview effortlessly. Sqrrl has several tie-ups with multiple funds partners. Source: https://www.thehindu.com/business/sqrrl-fintech-raises-1- million-from-equanimity-ventures-fund/article24273144.ece 9 PwC PwC’s FinTech Insights PwC’s FinTech Insights Our insights From around the web FinTech tales Contacts News on recent investments, partnerships and acquisitions in FinTech in India Partnerships Start-up TerraPay Start-up PhonePe Partnered with Yes Bank Partnered with Goibibo Sector Payments Sector Payments To enable real-time money transfer to bank To provide a unified login and payments Purpose accounts in India using by TerraPay’s global Purpose experience to over 100 million PhonePe users clearing and settlement service. while making their hotel bookings via Goibibo. Source: https://economictimes.indiatimes.com/industry/banking/ Source: https://economictimes.indiatimes.com/small-biz/startups/ finance/banking/yes-bank-partners-with-terrapay-for-faster- newsbuzz/goibibo-partners-with-phonepe-for-hotel-bookings/ international-remittance/articleshow/59144852.cms articleshow/64682504.cms 10 PwC PwC’s FinTech Insights PwC’s FinTech Insights Our insights From around the web FinTech tales Contacts News on recent investments, partnerships and acquisitions in FinTech in India Partnerships Start-up PhonePe Start-up Payworld Partnered with Ola Partnered with Reliance Mutual Funds Sector Payments Sector Payments To allow Ola users to book their rides using To encourage the rural and semi-urban Purpose Purpose PhonePe’s payment platform. population to start investing in mutual funds. Source: https://www.moneycontrol.com/news/business/flipkart- Source: https://tech.economictimes.indiatimes.com/news/internet/ owned-phonepe-partners-with-ola-2592031.html payworld-partners-with-reliance-mf-to-sell-mutual-funds/64641822 11 PwC PwC’s FinTech Insights PwC’s FinTech Insights Our insights From around the web FinTech tales Contacts News on recent investments, partnerships and acquisitions in FinTech in India Partnerships
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