Forex Magnates had the opportunity to attend the launch of FINTECH Circle at Level39 in London. With fintech becoming an important future of London, the group connects UK and European investors and executives.
Financial technology, or better known as fintech, has become one of the most attractive sub-sectors for investors over the past twelve months, with record funds pouring into industry. Emerging technologies in finance was a topic of discussion during last week’s Forex Magnates London Summit as representatives from firms involved with equity crowdfunding, visual data Analytics , Bitcoins and P2P marketplaces participated in the event’s Fintech Panel.
Among topics of discussion was whether the industry was hitting a bubble with sky valuations taking place. The consensus was that despite the rising valuations, we still don’t know the full potential of disruption in the financial industry as the emerging tech is rising to replace antiquated systems that have been in place at banks and brokers. As a result of the rotation of new technology and newfound eagerness of existing firms to adopt products from outside sources, the fintech field is attracting firms coming from all types of backgrounds that are creating products to increase efficiency and democratize trading in the financial industry.
However, despite fintech innovation emerging from the sector, breaking into the financial industry is often a challenge due to regulation, security requirements and long sales processes to larger banking institutions. As a result, even companies with leading products and well connected founders will still require large amounts of patience to succeed as fintech firms. For investors, the long path to success for fintech firms causes a challenge with whom to invest funds.
FINTECH Circle
In response to the challenges involved with investing in fintech firms, but also to tap into the potential opportunity of the industry, FINTECH Circle, a new UK and European investor group was officially launched last week. Composed of angel investors, entrepreneurs and senior executives from the banking and technology field, FINTECH Circle aims to leverage the combined resources, experience and connections of the group to achieve greater success in investing within the fintech space. Officially launched last week at ClubLounge39 in Level39 London, Forex Magnates attended the inaugural FINTECH Circle event.
Kicking off the event were presentations from FINTECH Circle CEO and Founder Susanne Chisti, Jenny Tooth, CEO of the UK Business Angels Association (UKBAA), and Claire Cockerton, CEO of Innovate Finance. Having provided a story of how after arriving in Silicon Valley in the 1990’s and missing out on an opportunity to work for a startup that became Yahoo, Chisti explained to the audience how we don’t want to miss the current fintech opportunity, which is specifically taking place in London.
“Don’t Miss the Fintech Opportunity”
Among the interesting figures presented by FINTECH Circle’s Chisti, was that London is currently growing quicker for technology investing, twice as fast as Silicon Valley. Within fintech the pace is even faster. As an example, global fintech investing totaled $1.7Bln in 2013, with $145Mln in UK/Europe firms. So far for 2014, that figure has quadrupled to $592Mln in 56 deals that have taken place across the UK and Europe. Attendees also echoed the sentiment of opportunity as they viewed London being well positioned in terms of having in place the financial companies, technological infrastructure, available capital and experienced advisors and mentors to allow London to become the Silicon Valley of fintech.
Explaining optimal ways to invest in the fintech sector, Jenny Tooth of the UKBAA presented findings from research based on data from the group’s 15,000 members. According to Tooth, she favored investing in syndicate groups as it provided a vehicle to create a portfolio of investments. According to the UKBAA’s data, around 50% of angel investments return less than a zero percent return, often resulting in a complete loss. Nonetheless, on the whole, research has shown that angel investing provides greater than 20% annual returns thanks to individual outperformers that return an excess of 1000% profit on investments. As such, syndicated deals allow for groups of angel investors to band together to scatter their funds across a wider array of fintech startups to reduce risk.
Tooth also explained that well performing syndicates are composed of leaders who are active in corresponding between companies and investors. The benefit of such a syndicate to startups is that it limits the amount of active investors who need to be answered to on a consistent basis, but allowing them to have a wide ownership base that can be leveraged to help open networking doors or become cheerleaders of their products. In relation to FINTECH Circle, one of the goals of the private group is to be able to establish such syndicates that leverage the power of the crowd to both discover new investments and assist the growth of startups.
Financial technology, or better known as fintech, has become one of the most attractive sub-sectors for investors over the past twelve months, with record funds pouring into industry. Emerging technologies in finance was a topic of discussion during last week’s Forex Magnates London Summit as representatives from firms involved with equity crowdfunding, visual data Analytics , Bitcoins and P2P marketplaces participated in the event’s Fintech Panel.
Among topics of discussion was whether the industry was hitting a bubble with sky valuations taking place. The consensus was that despite the rising valuations, we still don’t know the full potential of disruption in the financial industry as the emerging tech is rising to replace antiquated systems that have been in place at banks and brokers. As a result of the rotation of new technology and newfound eagerness of existing firms to adopt products from outside sources, the fintech field is attracting firms coming from all types of backgrounds that are creating products to increase efficiency and democratize trading in the financial industry.
However, despite fintech innovation emerging from the sector, breaking into the financial industry is often a challenge due to regulation, security requirements and long sales processes to larger banking institutions. As a result, even companies with leading products and well connected founders will still require large amounts of patience to succeed as fintech firms. For investors, the long path to success for fintech firms causes a challenge with whom to invest funds.
FINTECH Circle
In response to the challenges involved with investing in fintech firms, but also to tap into the potential opportunity of the industry, FINTECH Circle, a new UK and European investor group was officially launched last week. Composed of angel investors, entrepreneurs and senior executives from the banking and technology field, FINTECH Circle aims to leverage the combined resources, experience and connections of the group to achieve greater success in investing within the fintech space. Officially launched last week at ClubLounge39 in Level39 London, Forex Magnates attended the inaugural FINTECH Circle event.
Kicking off the event were presentations from FINTECH Circle CEO and Founder Susanne Chisti, Jenny Tooth, CEO of the UK Business Angels Association (UKBAA), and Claire Cockerton, CEO of Innovate Finance. Having provided a story of how after arriving in Silicon Valley in the 1990’s and missing out on an opportunity to work for a startup that became Yahoo, Chisti explained to the audience how we don’t want to miss the current fintech opportunity, which is specifically taking place in London.
“Don’t Miss the Fintech Opportunity”
Among the interesting figures presented by FINTECH Circle’s Chisti, was that London is currently growing quicker for technology investing, twice as fast as Silicon Valley. Within fintech the pace is even faster. As an example, global fintech investing totaled $1.7Bln in 2013, with $145Mln in UK/Europe firms. So far for 2014, that figure has quadrupled to $592Mln in 56 deals that have taken place across the UK and Europe. Attendees also echoed the sentiment of opportunity as they viewed London being well positioned in terms of having in place the financial companies, technological infrastructure, available capital and experienced advisors and mentors to allow London to become the Silicon Valley of fintech.
Explaining optimal ways to invest in the fintech sector, Jenny Tooth of the UKBAA presented findings from research based on data from the group’s 15,000 members. According to Tooth, she favored investing in syndicate groups as it provided a vehicle to create a portfolio of investments. According to the UKBAA’s data, around 50% of angel investments return less than a zero percent return, often resulting in a complete loss. Nonetheless, on the whole, research has shown that angel investing provides greater than 20% annual returns thanks to individual outperformers that return an excess of 1000% profit on investments. As such, syndicated deals allow for groups of angel investors to band together to scatter their funds across a wider array of fintech startups to reduce risk.
Tooth also explained that well performing syndicates are composed of leaders who are active in corresponding between companies and investors. The benefit of such a syndicate to startups is that it limits the amount of active investors who need to be answered to on a consistent basis, but allowing them to have a wide ownership base that can be leveraged to help open networking doors or become cheerleaders of their products. In relation to FINTECH Circle, one of the goals of the private group is to be able to establish such syndicates that leverage the power of the crowd to both discover new investments and assist the growth of startups.
Mastercard Teams Up with Fintech Startups to Accelerate Digital Payment Solutions
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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