PwC’s FinTech Insights June 2018 · 3 PwC PwC’s FinTech Insights PwC’s FinTech Insights Our...

PwC’s FinTech InsightsJune 2018

2 PwC PwC’s FinTech Insights

PwC’s FinTech Insights

Our insights From around the web

FinTech tales Contacts


PwC’s FinTech InsightsFrom around the web FinTech talesOur insights ContactsContacts

An exclusive look at the latest developments and evolving technologies in the FinTech space

China is one of the largest e-commerce markets and adopters of digital technologies in the world. In 2013, it overtook the US to emerge as the largest e-commerce market. In FY17, China had over 750 million Internet users and a penetration of nearly 55%. Its online retail market is expected to grow from 17% of total retail sales in 2017 to 25% by 2020. Other Asian markets such as India are on track to follow China’s growth trajectory.

Read more.

Mobile phones and the Internet have propelled the digital wave and connected billions of people. Companies across geographies and industries agree that digital is the next battle field and are gearing up their entire strategy towards digital first. As a result, for the first time in history, digital ad spends have outgrown all other channels and are expected to reach 50% of the overall advertising sales by 2020.

Read more.

AI-driven digital marketing

The continued momentum of e-commerce growth in China

https://www.pwc.in/consulting/financial-services/fintech/fintech-insights/the-continued-momentum-of-e-commerce-growth-in-china.html

https://www.pwc.in/consulting/financial-services/fintech/fintech-insights/ai-driven-digital-marketing.html


PwC’s FinTech InsightsFrom around the web FinTech tales ContactsContactsOur insightsOur insights

Bermuda to create new class of banks to encourage fintech

From farm to plate via blockchain: Solving agriculture supply chain problems one grain at a time

The Government of Bermuda is to amend the Banking Act to create a new class of bank specifically to cater to local fintech and blockchain companies. The British island territory is bidding to put its name on the map as an outlier destination for fintech innovation, having recently passed an ICO Bill and Digital Asset Business Act to attract companies in the blockchain and virtual currency space.

In Australia there are 85,681 farm businesses. According to the National Farmers Federation, the complete agricultural supply chain, including the affiliated food and fibre industries, provide over 1.6 million jobs to the Australian economy. Agriculture, however, is one of the least digitised sectors in Australia.

Global insights handpicked by PwC

Read more. Read more.

https://www.finextra.com/newsarticle/32339/bermuda-to-create-new-class-of-banks-to-encourage-fintech

https://www.zdnet.com/article/from-farm-to-plate-via-blockchain-solving-agriculture-supply-chain-problems-one-grain-at-a-time/


PwC’s FinTech InsightsFrom around the web FinTech tales ContactsContactsOur insightsOur insights

Global insights handpicked by PwC

Japanese Financial Services Agency to change crypto exchange regulations

How can fintechs help migrants?

Maharashtra to support over 500 startups under fintech policy

Japanese financial regulator the Financial Services Agency (FSA) is considering to change the legal basis for how it regulates cryptocurrency exchanges, local media Sankei reports July 3. The FSA reportedly is 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 exchanges will have stronger customer protections. The FIEA obliges securities companies to manage customer funds and securities, such as stocks, separately from corporate assets.

Jim Mattis, US Defence Secretary, confirmed this week that two military bases will be used as temporary areas to house the migrants that have entered the US at the Texas border. While it was not confirmed that children will be housed with their families, Trump called for deportations without a judicial process on Twitter.

The Maharashtra government said it is seeking to add over 500 startups 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.

Read more.

Read more.

https://cointelegraph.com/news/japanese-financial-services-agency-to-change-crypto-exchange-regulations?utm_name=bitcoinchart

https://www.forbes.com/sites/madhvimavadiya/2018/06/26/fintech-migrant-texas-border/#4fbe5b58362c

https://www.business-standard.com/article/economy-policy/maharashtra-to-support-over-500-startups-under-fintech-policy-118060800975_1.html


PwC’s FinTech InsightsFinTech talesFrom around the web ContactsContactsOur insightsOur insights

News on recent investments, partnerships and acquisitions in FinTech in India

Company Automation Anywhere

Sector Robotics process automation

Ticket size 250 million USD

Investor(s) NEA and Goldman Sachs Growth Equity

Company overviewAutomation Anywhere empowers companies with robotic process automation to automate virtually anything.

Source: https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/automation-anywhere-raises-250-million-in-series-a-round-to-join-the-billion-dollar-plus-club/articleshow/64849330.cms

Company Policy Bazaar

Sector Insurance aggregator


Investor(s) SoftBank Vision Funds

Company overview

Policybazaar is India’s leading insurance aggregator website. It specialises in conducting comparative analysis of insurance products of various insurance policies based on price, quality and key benefits.

Source: https://www.thenewsminute.com/article/policybazaar-raises-200-million-softbank-vision-fund-attains-unicorn-status-83678

Investments



Company SigTuple

Sector Health technology


Investor(s) Accel Partners and IDG Ventures

Company overviewSigTuple uses artificial intelligence to develop hardware and software to digitise pathological tests for hospitals and clinics.

Source: https://www.livemint.com/Money/zrhKnyN6IInE6Na8Rl3zTM/SigTuple-raises-19-million-from-Accel-IDG-others.html

Company Drip Capital

Sector Lending


Investor(s) Sequoia Capital, Accel Partners & others

Company overview

Drip Capital offers a unique trade financing product targeted towards SMEs in developing markets. Their comprehensive and automated risk assessment model gives rapidly growing SMEs quick and easy access to finance.

Source: https://tech.economictimes.indiatimes.com/news/startups/drip-capital-raises-15m-from-sequoia-capital-accel-partners-and-others/64675078

InvestmentsNews on recent investments, partnerships and acquisitions in FinTech in India



Company CredAble

Sector Supply chain financing

Ticket size 14.8 million USD

Investor(s) Alpha Capital

Company overviewCredAble combines technology, financing, deep learning, and analytics to dynamically create innovative supply chain financing products.

Source: https://inc42.com/buzz/fintech-startup-credable-raises-14-8-mn-in-series-a-funding-from-alpha-capital/

Company SMEcorner

Sector Lending


Investor(s) Capital First, Accion Ventures

Company overviewSMEcorner is an online platform that enables small and medium enterprises to access loans from banks and NBFCs.

Source: https://economictimes.indiatimes.com/small-biz/sme-sector/smecorner-raises-7-million-from-capital-first-accion-ventures-others/articleshow/64658388.cms




Company Sqrrl Fintech

Sector Investment


Investor(s) Equanimity Ventures Fund

Company overview

Sqrrl is a digital platform aimed at millennials. It help them save and grow their money 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




PartnershipsNews on recent investments, partnerships and acquisitions in FinTech in India

Start-up TerraPay

Partnered with Yes Bank

Sector Payments

PurposeTo enable real-time money transfer to bank accounts in India using by TerraPay’s global clearing and settlement service.

Source: https://economictimes.indiatimes.com/industry/banking/finance/banking/yes-bank-partners-with-terrapay-for-faster-international-remittance/articleshow/59144852.cms

Start-up PhonePe

Partnered with Goibibo

Sector Payments

PurposeTo provide a unified login and payments experience to over 100 million PhonePe users while making their hotel bookings via Goibibo.

Source: https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/goibibo-partners-with-phonepe-for-hotel-bookings/articleshow/64682504.cms




Start-up PhonePe

Partnered with Ola

Sector Payments

PurposeTo allow Ola users to book their rides using PhonePe’s payment platform.

Source: https://www.moneycontrol.com/news/business/flipkart-owned-phonepe-partners-with-ola-2592031.html

Start-up Payworld

Partnered with Reliance Mutual Funds

Sector Payments

PurposeTo encourage the rural and semi-urban population to start investing in mutual funds.

Source: https://tech.economictimes.indiatimes.com/news/internet/payworld-partners-with-reliance-mf-to-sell-mutual-funds/64641822

Partnerships




Start-up Chqbook

Partnered with METRO Cash & Carry

Sector Financial services

PurposeTo offer a range of financial products and solutions to its more than three million transacting customer base.

Source: https://tech.economictimes.indiatimes.com/news/corporate/metro-cash-carry-india-partners-chqbook-to-offer-financial-services-to-smes/64826151

Partnerships




Start-up Chillr

Partnered with Truecaller

Sector Payments

PurposeTo help Chillr to roll out credit and financial services to its Indian user base.

Source: https://timesofindia.indiatimes.com/business/india-business/truecaller-acquires-payments-startup-chillr/articleshow/64579911.cms

Start-up Cube26

Partnered with Paytm

Sector Payments

PurposeTo add more social engagement features to Paytm’s products and services and improve its customer service.

Source: https://inc42.com/buzz/tiger-global-and-flipkart-backed-cube26-team-gets-merged-with-paytm/

Acquisitions




Start-up Simility

Partnered with PayPal

Sector Fraud prevention

PurposeTo deliver new fraud prevention features and risk management solutions to merchants globally.

Source: https://techstory.in/paypal-acquire-simility-2018/

Acquisitions


PwC’s FinTech InsightsFrom around the webOur insightsOur insights FinTech tales ContactsContacts

Leadership

Contributors

Vivek Belgavi Partner and India FinTech Leader Email: [email protected]

Vaidison Krishnamurty Partner, Deals

Joydeep K Roy Partner, Insurance and Allied Businesses

Richa GaurStrategy Consultant, FinTech

Krunal KapadiyaStrategy Consultant, FinTech

Nissar BeheraStrategy Consultant, FinTech

Zubin TaftiAssociate Director, FinTech and Innovation Strategy Email: [email protected] Phone: +91-9820358735

Shekhar Lele Principal Consultant Financial services – Payments and FinTech

Harshal Kamdar Partner, Tax and Regulatory Services

Vivek IyerPartner, Risk Assurance

Kuntal Sur Partner and Leader Financial Services – Risk and Regulation

Gaurav AroraStrategy Consultant, FinTech

Aiman FarazStrategy Consultant, FinTech

Pratik PathrabeStrategy Consultant, FinTech

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 158 countries with more than 2,36,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com

In India, PwC has offices in these cities: Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai and Pune. For more information about PwC India’s service offerings, visit www.pwc.com/in

PwC refers to the PwC International network and/or one or more of its member firms, each of which is a separate, independent and distinct legal entity. Please see www.pwc.com/structure for further details.

© 2018 PwC. All rights reserved

About PwC

pwc.inData Classification: DC0

This document does not constitute professional advice. The information in this document has been obtained or derived from sources believed by PricewaterhouseCoopers Private Limited (PwCPL) to be reliable but PwCPL does not represent that this information is accurate or complete. Any opinions or estimates contained in this document represent the judgment of PwCPL at this time and are subject to change without notice. Readers of this publication are advised to seek their own professional advice before taking any course of action or decision, for which they are entirely responsible, based on the contents of this publication. PwCPL neither accepts or assumes any responsibility or liability to any reader of this publication in respect of the information contained within it or for any decisions readers may take or decide not to or fail to take.

© 2018 PricewaterhouseCoopers Private Limited. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers Private Limited (a limited liability company in India having Corporate Identity Number or CIN : U74140WB1983PTC036093), which is a member firm of PricewaterhouseCoopers International Limited (PwCIL), each member firm of which is a separate legal entity.

AW/July 2018-13746

Date post:	09-Oct-2019
Category:	Documents
Upload:	others
View:	21 times
Download:	0 times

PwC’s FinTech Insights June 2018 · 3 PwC PwC’s FinTech Insights PwC’s FinTech Insights Our...

Documents