A recent survey showed that of the 400 million adults in Southeast Asia, only 104 million are fully “banked”, and have full access to financial services, while 198 million do not even own a bank account. And while the region houses some of the biggest financial companies in the world, very basic problems – like […]
There’s no shortage of evidence of FinTech collaborations with traditional financial providers — to mutual benefit. In China, reported the South China Morning Post, the trend is on the upswing. The publication noted that the shift has been a fundamental one away from previous mindsets, where FinTech firms came to market with the aim of disintermediating […]
FinTech has the potential to reshape the financial services and financial inclusion landscape in India in fundamental ways, noted the RBI governor Shaktikanta Das in a speech today. It can reduce costs and improve access and quality of financial services.FinTech stands for financial technology and describes technologically enabled financial innovations. From ‘start-ups’ to ‘big-techs’ to established financial institutions, all the key players are harnessing this technological edge […]
Millennials are the first generation that grew up with the internet boom, a generation that consists of 83 million digital natives, with one-third never using a physical banking office. It’s a generation that is forgetting about traditional financial services, opting for more inclusive and more convenient digital alternatives that are easily accessible from their mobile […]
Spotcap, a leading provider of online credit and business loans to SMEs, and one of Finstar’s core European investments, was awarded “Direct Lending Platform of the Year” at the AltFi 2017 Awards. The awards, now in its fourth consecutive year, celebrate the best and brightest in the alternative finance sector, with a specific focus on […]
13.12.2017 Singapore – International private equity firm Finstar Financial Group (Finstar or the “Group”), today announces its commitment to strengthen the Group’s position in the Asia-Pacific Region, adding to its fintech portfolio in line with its five-year plan to invest US$150 million in the financial technology space. As a first step in implementing the investment […]
Spotcap, a provider of online credit and business loans to SMEs, and one of Finstar’s European investments, marked its third year of operations by announcing it has issued over EUR 120 million issued in credit lines since its foundation in 2014. In that time, Spotcap, headquartered in Germany, has received EUR 100 million in investment, […]
Finstar Financial Group (“Finstar” or the “Group”), a leading international Private Equity Group, today announces that Oleg Boyko, Chairman of the Board of Directors, has been appointed as the company’s new CEO. Mr. Jordan will focus on his duties in the Supervisory Board of 4Finance.
Forbes has ranked Finstar Financial Group, a global private investment fund, the 148th largest private company in Russia. Finstar’s revenue reached RUB 54bn in 2016. Finstar`s current focus is on the financial services and fintech sector, where it seeks to leverage deep technology and data science to enable global financial inclusion and improve the consumer […]
Spotcap, a fintech startup that operates an online lending platform for SMEs, continues to fast-track its presence and influence in Europe. Backed by Rocket Internet, Finstar Financial Group, Holtzbrinck Ventures and other leading investors, Spotcap is a name that international fintech industry insiders and experts closely monitor. Thus, on September 19, Spotcap was named among […]