17 Burst results for "Funding Circle"

"funding circle" Discussed on FT Banking Weekly

FT Banking Weekly

04:21 min | 2 years ago

"funding circle" Discussed on FT Banking Weekly

"That sometimes. Great. 'cause sometimes at a loss in order to build relationships with these clients who were then turning away and going to a small boutique with five employees when they need merger acquisition. Advice and Bank of America is missing out on the associated millions of dollars in fees. No one chief executive, Brian moynahan is getting cross. Thank you very much for that. Stephen. Let's move onto our second topic and a look at obvious. So Nick, we sat down with chief executive Ross McEwan a few days ago. This was to coincide with ten years on from the financial crisis, five years. He's been in the job himself, and I guess he can say that the turnaround of the Bank into a profitable business from what has almost a decade being loss making institution is progressing. He talked in the interview with us about a number of very interesting things. He focused a lot on digital innovation as so many banks are doing these days. Here's a clip by what he said in terms of weather. The Bank was prioritizing developing the digitalization of it's cool systems or setting up new standalone offerings. We're doing both. So we working on heavy digitize the cool Bank as a primary of trinity, which is sixteen million customers in the pistol Bank and million. Customers in the issue me market business Bank. So digitizing does at the same time we having a look at should we be putting a brain new venture into the mic applies. The does things completely differently. We wouldn't on a number of technology driven innovations, the use some banking and putting you take -nology going food. We are trawling a number of the moment and you do it all before you launch. We're not really fully launch into mce plus other than as by which has gone into the microwave, which is eletronic. You see me Linden is by e s Emesa it's a electronic is in may. And if you don't to the website and have a look is my exactly direct competition for paid appeal inning. And it's run on a an Israeli platform in by coming to court easy, Bob, which we use and widow the funding us at critic criteria for it. But. It's customers can go twenty four hours of the day, seven days a week and put their own because shouldn't. And we're school up mega decision and funding fifty minutes. If the McKay she is something we're interested in. So Nick, do you buy this jewel strategy? How does that compare with others doing? Well, I mean, it is kind of talking one of the big issues that every Bank is facing, and I think coming to the conclusion of his pairs are increasingly coming to, which is the used to talk about, can you modernizer ultimatums or is it worth your starring scratch making up something completely new? So you can compete a move quickly with the small players like monzo or even people on Kalman sacks, south completely new retail offering, even or even the peer to peer lenders funding circle and so on, have a slightly different model but are also increasingly competing in SME spaces. Yeah, exactly. Obviously, at the same time we've seen what happened to TSP earlier this year, moving everything onto a brand new system all at once. If your biggest Amish Bank can be pretty difficult. So I think that has also encouraged this idea that the best strategy, even if it is sometimes a bit expensive because you're inefficient, you're wanting to engines at once is keep your. Old systems fresh and updated as much as you can trial, the new things, and then hope that long-term if they work well, you can move things over to them. Once you know, it's working can handle everything. Of course, reputational LBS can't really afford to make a mistake here because they've probably been amongst the hardest hit by systems outages over the past few years as they probably script better on the technology investment in the post crisis years. Yeah. I mean, they've not given them my losses. They suffered over the last decade. I think at times didn't necessarily have too much backlash to invest in proving the has come back to bite them at times. I think they received one of the biggest fines ever an how to cope VS back. Yes. Final clip now is Ross mckeon talking about the whole area of consumer debt is very interesting..

Ross McEwan Bank of America chief executive pistol Bank Brian moynahan funding circle Stephen Ross mckeon Bob TSP McKay twenty four hours fifty minutes five years seven days ten years
"funding circle" Discussed on FinTech Insider

FinTech Insider

03:42 min | 2 years ago

"funding circle" Discussed on FinTech Insider

"Great. I mean, I can I feel this year and they, they're, I feel they've they've seen a ninety percent rice since their IPO. That's incredible topping fifteen billion in volume. There were reports of stripe now been with a twenty billion valuation. And of course probably the most famous square they they've valuation Hof after they IPO and they've steadily worked that way back. A lot of this is more about how people pricing the offering like, yeah, I think you know, I think in the medium-term markets are efficient, right? I think in the short-term owned IPO's people can get caught up in the hype there over promoted. The media index is too high, and so we've seen it kind of go both. We've signed to go both ways like who would want to be the IPO who launched yesterday right when the market's dropped eight hundred points, right? So much of this is kind of context. But I think in the medium-term you left the square example look what. Happened in the medium-term. Look what's happened in the Facebook in the medium-term after it dropped. Its first week of trading book is a very good example, right? So Facebook comes out at thirty eight dollars drops to fifteen dollars now, one hundred seventy something and the trillion dollar company. So you know, I I think the markets become efficient over time, but you know there's a bit of exuberance or maybe depression in the first week. Yeah, I think I'll say this is a bit reminescent of the dot com, Bain and the market saw, you know, there is common chewing the Mockus that that says indices. I've priced at the moment. So I think we might be starting to say some of that irrational exuberance, but the fact that it dropped quickly after doesn't necessarily fit without. So it's quite interesting case getting beaten up generally in the market of the moment. I mean, you could argue the been overvalued been on a twelve fifteen year tearaway of almost unstoppable growth. But that said, we got to put this in context. But I think the broader point here is about the maturity of fintech. Like fintech still seems like it's a little ways off, you know, and I think it's finally made it to the near the top five things on the agenda points for a Bank exotic and this and the bold of Bank. But it's the these evidence points say, look, it's mature these businesses, a log these businesses, bake as big if not bigger than many of the top one hundred banks in the world. This is significant stuff, but I also think just in the current context, there's a little bit around just lending tech, nevermind fintech as people perceive credit markets starting to tighten your read, why people are thinking square went down so much. It wasn't just the departure of their CFO. It's because you know their their lending bottle that they've recently launched was exposed to potentially credit risk. Look at lending tree, look at funding circle. I think lending tech as credit markets potentially become tighter. I really think zooming in from fintech into that lending space in the pits pay lender who look. The pets pay lenders rarely found the moment after the financial crisis. When. We're in a credit squeeze when nobody was lending to small businesses. So if I was running a small business, there was nowhere else I could go on for a long time. People have been saying, well, let's see how this does over the cycle. I'm I think they have had a lot of problems. They one of the, I think, built their own hedge fund to buy their own debt from themselves and then sell it onto the mall kit like you get yourself into this position where how do you? How do you sell that book? The becomes really interesting and the SEA is consulting on pace. Pay lending at the moment and say, we like each see tightening up of risk management requirements from the regularly to his and that's GIO out next, the policy pipe, his job. Nice spring. So interesting to see what happens. We'll have to do a special when I'm next story is one that really got me excited this week. Clone have teamed up with h. m. the clothing stole..

fintech Facebook Hof funding circle Bain CFO thirty eight dollars twelve fifteen year fifteen dollars trillion dollar ninety percent
"funding circle" Discussed on FinTech Insider

FinTech Insider

03:24 min | 2 years ago

"funding circle" Discussed on FinTech Insider

"With two hundred fifty thousand customers running in a real world marketplace and then sort of sell on that platform. I think not just to to other fintech, but I think the much more interesting market for this other banks. Yeah, yeah, I agree. I think my other observation would be I'm not sure anyone would really wants bay the Amazon banking given some the negative press around that. So I, I find that really interesting juxtaposition given the previous conversation we've had about we hypnotize Bank, so I'm not sure how happy starting would have been with that with that headline suggest the when you're looking to raise funding. No, no publicity about publicity indeed. And I kind of. Sick of this Uber off the zone of trope, but it gets headlines on it's worked and it was mainstream media. Once again for a challenge your Bank, I go back to the point that challenger banks on coming the here, you know, like this is the moment. Yeah, there's no question. You mentioned solar spank in all the declare visas and investor and Solarz, but it's funny, you know, they talk about Bank as a service again, API, I I, you know, able to port their license, but to your point, you know, starting said, we're gonna prove that we can get customers. I, that we have a customer or consumer relevancy. And then we'll move to Bank of service and you're going to models pop up all over Europe. It was Tom bump feld on an episode we did back in December towards the end of two thousand seventeen talked about that. There's gonna be two types of banks in the future. There's going to be platforms and marketplace's on it fails to me like stalling assault of both in the got this marketplace that sort of working, but they could potentially be a platform as well. But really it seems like not marketplace's what the leading with this is the. Where you buy all of your financial products, and I think that's was intended to be setting, I think, yeah, the marketplaces priority, I think as I understand it today, the sign up process for third parties to get into the marketplaces probably still quite painful. I think they're looking at streamlining mastery money, the protocols, and then it's going to explode. That said, if you look at, we talked to couple of weeks ago about Facebook, having all of that day issues from third policies using their API. He's there's a reason to be cautious. There's a reason to especially when you're dealing with people's money and access to that Bank account like you wanna make show that if you're getting in there and you getting in the banking out this, this some processes for that already. Next story, I'm funding so cool. Hsieh's plummet as they float well, Laura for that semi headline. But the real headline from the guardian as pets pay lender funding circle Hsieh's plummet on float day Chep prices fell by a quarter on the first day of trading the flotation volume. The company. One point, five billion pounds sterling, but at the end of the Wednesday, it's market volume at full. Value fold them put to one point two, five billion. The collapse wiped millions from the paper fortunes of companies, three founders who owns seventeen percent of the firm and the founder of Ridgely hoped that collective states would be stakes would be worth two hundred nineteen million. But by the end of Wednesday collectively, there were only worth two hundred thirteen million deals. I feel sad. I feel a little bit worried. I think you know, obviously fintech in general will have been watching this. We haven't seen a huge amount exit. Is still a little bit worrying in this space on the fact that this happened, I think a little bit work..

Bank funding circle Hsieh Bank of service Tom bump feld Amazon Facebook Hsieh Europe Solarz assault founder Ridgely Laura five billion pounds seventeen percent
"funding circle" Discussed on FinTech Insider

FinTech Insider

03:09 min | 2 years ago

"funding circle" Discussed on FinTech Insider

"I was off by saying, I do the valuations are high, and it's good for the companies on this. Not sure it's bucking the trend of Brexit would be would be the point at which I would. I would debate the article's author. I think I think that it is a little bit of. Nonsense that's just gathered Brexit into the sentence, right? It doesn't need to be the for those of us that have been from the very beginning of fintech. This is just this was just inevitable as companies, mature, big players emerge. Typically those big strong vanilla propositions because the fintech world goes all the way from those people that are solving a disruption level to those people that are basically delivering point solutions. Today's problems. So you've got small players all the way through too much larger players as you would expect if you had to. If you had to guess the names would have been, it would have been these names going through the valuations are achieving, it's just the much ration- of the market and it's in about the timeframe that we thought it would be so that there are no surprises here. This just proves wrong. All of those people ten years ago who saying. Fintech is fly by night is just not going to be there in the next five minutes. It's just the story hair is the no story. This is just the maturation of the market. One hundred percent agree with you. I actually went back and looked at my two at a time line and August last year I predicted funding circle would announce an IPO and I had the first week of timber, I think was off by about six days, begging dammit, rumble roses. This is the first PCP IPO in London, I believe, says who who was for. And it was. Sutter and I mean Louise, I think you were deepens the PD space at some point, right? Like there were dozens and dozens of companies that were trying to crowd into this new space, and we have one IPO what a decade later, and that's about right. Because remember if you think about the funding model that we've had the last ten years, you've got that crack cocaine of CDI s you've got the grownup cocaine, EIS, and then you have the model called crowdfunding, which gives you much greater visibility and access to people with a a tenor remodels. Absolutely to to extend that far beyond anybody needed that thank you for them. I'm now thinking about that sharing needles funky the important point hairs that that means that you'll going to get a Cambrian explosion of startups that get winnowed out by is the idea or any good will people back them further up the tree. Now the proportion of the money that survey lable and the amount of crowdfunding money that was available. Those larger requirements just simply wasn't that I'm so for a natural natural attrition..

fintech funding circle Brexit crack cocaine Cambrian cocaine Sutter London CDI Louise ten years One hundred percent five minutes six days
"funding circle" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:24 min | 2 years ago

"funding circle" Discussed on Bloomberg Radio New York

"A little, breakfast on this Monday morning quite a lot going on in the markets. In terms of what's happening we seeing a little bit of weakness coming through Hindi Asian session when. It comes to Asian equities so we're, seeing some weakness in Asia a lot of focus. In emerging markets as well taking. A look at, what's happening first of all, here on the Asian session we can go to Mark more to, get an update from Singapore Mark Italy very much in focus after. Comments, from. The finance minister yeah absolutely it's the finance minister said that they would look to not break their budget commitments to EU and. That should have been reassuring, but at the same time, as, the funds minister trailer say not the deputy Prime minister meow was kind of going they. Still expect the main priorities for. The budget are the fact of a basic income tax. And of course a flat asserted, basic income payment. And of course. A flat tax and. The tour that together aren't necessarily fiscally sustainable that's gonna put more upward pressure yields are getting very close. That crisis trading point the average weighted maturity of Italian sovereign, debt is about six point eight years with a year of about three. Point zero eight percent dot implies that just over three point one percent is the average seven year. Level the closest benchmark level which means, probably around three point one five percent three point. Two percent we're going to start. Getting more crisis, trading in Europe and if, at that point the Italian government doesn't back down on its kind, of fiscally unsustainable plans then we're in a real worrying situation for. Contagion, speaking. Of contagion Mark as well I mean some saying that people see Italy is sort of the weakest link in the euro-zone where. We have concerns around emerging markets as well taking a, look, at emerging market Petit's to. Say we're seeing the MCI merger market index we cut by about five tenths of a percent. If you look, across the space as well a. Lot of those currencies weaker against the dollar the Argentine peso Turkish lira year to. Date of course at the big underperformers what's the outlook for this week well the. Big thing we've got this morning is Turkish CPI the Bloomberg consensus has it at seventeen point six percent year-on-year versus fifteen, point eight five percent last month that's probably a, bit low the whisper expectations bunks traders is. Hard not dot official, forecast is going to skew to the, downside by, some low, estimates from. Domestic economists overall Bloomberg intelligence forecast nineteen point one percent. Today and I think a, number above nineteen percent will really see the lira starts selling off substantially. Again it is a market that has been largely broken in terms of luckily credited. Does new Bank limits on swaps exposure derivatives exposure makes it very hard to short the lira and that's to be very confident to sell off. By the end of the day In a very immediate basis is just too expensive otherwise so. That's why I think we've got a number below ninety percent we might see us volatile trading but the lira may not, weaken overall thank you so much to. Mark more from our markets live team and for. Real time market commentary and analysis check out. Markets live that's m. l. i. v. on your. Bloomberg terminal were also looking at cable weaker, for a, third day down three tenths of a percent one twenty? Nine, twenty six where we trade on sterling often Michel Barnier the chief negotiator said he opposes May's Brexit, plan remember that US stock and bond, markets are closed today for Labor Day happy Labor. Day if you're. Listening in the US. The s. and p. five hundred closed flat on Friday the ten year treasury yield of course not. Moving, right now but we closed, on Friday at. Two point eight six percent we've got the cash market open for European bonds will get you. Those, prices and yields as we get them of course as I said Asian equities alot of the Asia Pacific index. Lower, by seven tenths of a percent but let's just bring, you a redhead crossing the Bloomberg now as well funding circle announcing a potential share Sale to the public on the l. s.. E. funding circle files that it is considering an IPO so. That something to bear in mind as well as we look ahead to, the European equity. Market opening just under an hour as well your stocks fifty futures lower by a tenth. Of a percent Dax futures, lower by quarter of a percentage, point cat forty futures off by two tenths, of, a percent. One hundred futures edging higher perhaps the weaker sterling has something to do with that but let's move onto our. Top stories, now US President, Trump has. Slammed Canada's trade policies tweeting about quote decades of abuse he's also threatening. To terminate the North American Free trade agreement again Bloomberg's totally Allah Renita says timing is very important here Barring that ninety day clock and having.

Bloomberg US Asia finance minister Singapore Mark Italy Mark Prime minister Italy Europe Michel Barnier Trump Canada MCI Petit E. funding circle official m. l.
"funding circle" Discussed on The Cryptoverse

The Cryptoverse

02:08 min | 2 years ago

"funding circle" Discussed on The Cryptoverse

"And equivalents savings accounts, instant savings accounts, that kind of thing. The Knicks went up his peer to peer lending or debt ten percent. So in the UK that will be things like funding circle that a similar platform to property Batna in the sense the web platform, it's like a crowd funding platform. You deposit money into it, and then the funding cycle platform, they lend out to businesses by grading their credit risk and all the rest of it. And then they quote the company, a interest rate, the platform takes a fee and we're tans the rest to investors. So is peer to peer lending in that way. And with my funding cycle account us that they you deposit amount and they split it into like a hundred a hundred pieces and then lend one percent to each at two. Kevin business, right? Which is the idea of basically a lending and splitting your risk. Next, today's buns seven and a half percent of Beaufort goes into bonds, go bonds that's basically lending money to the government. Isn't it? For a percentage which again, I, I don't have any months don't ever have and probably never will. Then we've got precious metals and commodities full point, four percent of the vote, my guess is the crypto falls into maybe that four point, four percent, which is classes commodities or maybe the section labelled other, which is full point one percent of the portfolio interesting in. So this is the this is right in line with the the casual advice that I give to people who are brand brand new crypto, and they want me to give them some advice in like five minutes. If I meet them conference or something and just go into crypto, we'll just head about it and they know I'm, you know, authority, the wanna sound bite. So when only have that much time, I always reach for the exact same piece of advice which is to limit your crypto investments.

Knicks funding circle Beaufort UK Kevin business Batna four percent one percent five minutes ten percent
"funding circle" Discussed on FinTech Insider

FinTech Insider

01:46 min | 2 years ago

"funding circle" Discussed on FinTech Insider

"Well i think it's really important that we understand the massive potential that fintech has across the united kingdom we know that we are hub in london and the combination of the financial center and the fastest growing technology hump in the uk economy has enormous potential to transform that cities and provide jobs and growth outside so we think about leaves manchester birmingham and across the united kingdom into wells as well where we see great potential for fintech take off to take advantage of some of the existing jobs that exist in different parts of our economy i see this is you know during a new growth opportunity i saw hi i'm ben praveen i'm head of level thirty nine and canary wharf fantastic important to be highlighting the connectedness of the uk and not only highlighting it but of course doing real work to increase it i think the network effects the heart all fintech cannot be stated and the convening role of tech nation and the treasury and of many other organizations around the country flooring attention to that's really useful of course we also have to give people from outside of the uk klis signaling about how to gain access so that simplification of what is a massively very diverse and complex ecosystem is really valuable hi i'm marcie kirk mine general counsel of funding circle uk and a member of the fintech delivery tunnel i think it's important that been tech firms come together to show a united front because it can highlights the.

birmingham canary wharf uk general counsel funding circle uk london manchester marcie kirk
"funding circle" Discussed on Venture Stories

Venture Stories

04:27 min | 2 years ago

"funding circle" Discussed on Venture Stories

"And enablers are generally enterprise sales focused disruptors sit more often go to consumer or smb which as these are basically conservative anyway so that's like ed abroad lance and then within that they're all these other things so there's like personal finished management wealth management two different things insurance there's capital markets broadly speaking is lending there's like crowdfunding have invested all these categories and how you in terms of you said you mentioned you change your mind on this wizard evolution it's actually like i used to rig it down in that way and now i don't relate like now i think about like what am i invested in each although when you ask questions that is exactly what i was thinking about but like you i haven't necessarily part about that in a while i think i'm invested and interested in investing across the spectrum still and they're always sectors that go in and out of fashion and like in my fintech career i've seen it over the past ten years early on like when i started like fintech was just payments and that's when you had swears drapes darn and my company which is listening and and then like ended out to build a generic payments company is going to be very difficult like they're probably monitoring botching but as are in that blocking another category but blockchain's plastic fintech which is not a vast majority bunches so it's probably gonna be tough to build a generic payments company right now because mostly division was done to news ago square strength came out then like you had like pupular i on the consumer side monday club on the b side funding circle cabs all these other guys and then you had bitcoin one point thirteen that was pretty crazy and then insurance in the now blockchain enables tough pence as high get and measurement sheri you over we'll have a distribution advantage do you extend that ramsey's into you beyond chances describe again seemed like must be the same with lending since they're both selling absolutely absolutely and if you look at a company if you look at a lender that doesn't have a distribution advantage like they don't last very long and this is a time and time again and i see companies get funded and mike i know with two years from now thought because they're acquisition costs is going to be through the roof for the product or selling what is their advantage over somebody else who has both lower capital and a little so what should downers were trying to conduct his beloved cup is think about in terms of how they develop into solution as it's like tricky can you align yourself with what is the other product that what is your son so like is there something else you could start by selling with start by selling that alternately gets your margin product in which case like if you're a rockstar like then we can buy that piece in so late for example company just on the phone with his flits worry flex for is a customs broker stratton for nine years ago and so what would they do is basically like if your nest one hundred sets in shenzhen they ain't got them here and they start out just by doing the customs brokerage fees but now they do a lot of stuff into end they actually not just got a couple of planes but but i think about this company's fintech company and i always have and now finally last year they decided like actually do different component of it and that was like okay when this when business which is like shipping and like what do they what do i must resign will they need they also need loans and we have all the things that they need that we can do so we have distribution because we have these customers and the this and we have underwriting because like they continue ship with time and time again enemy we have collections because like we have the frigging inventory so like they're perfectly suited to be a lender and they will like lending be a huge portion of business to afford like in tutors inflict lending will be a bigger apartment than brazil and so it's it's a fintech company well as an entrepreneur i always get really nervous about jin a phase one phase to cover what's the reception for that with investors so if you're phase one company inmate money already got then in spring ton of money every year can then like a social network and let me give some nice of number of exit erga make it way am i as you put your europe on your investing hat on wearing fintech.

nine years ten years two years
"funding circle" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:14 min | 2 years ago

"funding circle" Discussed on Bloomberg Radio New York

"The government's focus on the sector is funding circle one of the biggest uk startups and its own lending activities have actually boosted economic activity not just in the uk but of course europe i spoke with ceo somme desai about the impact his business is what we found wars of the one point seven billion pounds of loans that we did last year the actually created seventy five thousand new jobs globally forty five thousand of which were in the uk and an additional four billion pounds of economic value incremental gdp so it's really rewarding because you know we talk a lot about big numbers let billion this billionaire to see really starting to feed into the real economy is something we're really excited about get feed into the real economy and it'll be because you're hiring yes sir i mean we as a business i mean it's not quite as high as seventy five thousand jobs but we are hiring around four hundred people this year two hundred of which will be in the uk mainly in technology and data analytics because really it say underneath it all it's really a technology data business analyzing huge amounts of data to help connect up small businesses with investors two hundred in the uk hundred outside the uk taught us about when you're hiring talent in brexit world in which we live how hard is it finding the right talent to come to the united kingdom is easier in germany and the netherlands us us whereas you're based i wouldn't say that i mean i think if you look the k that's where funding circle started we've been here since two thousand ten one of the largest one of the larger homegrown technology companies has so we do probably on balance find it easier to hire brexit brexit and say markets like the us germany netherlands by would probably a bit less less well nine at the moment so we certainly haven't seen as big an impact as maybe feeding in from smaller companies but for us we still see a lot of talent wanting to come and work with us and really try and build about a financial world that's to be somewhat helped when the.

government uk funding circle germany netherlands ceo germany us seven billion pounds four billion pounds
"funding circle" Discussed on TED Radio Hour

TED Radio Hour

01:34 min | 2 years ago

"funding circle" Discussed on TED Radio Hour

"If someone were to ask you for three words to sum up your reputation what would you say i didn't see that question coming says rachel bachman and this is the question that she asked the audience when she gave tedtalk this is a serious question yeah yeah rachel writes about how our reputations are kind of currency i think they would say loyal committed and passionate those are great words that's your reputation that that's what i'd like people to think yes and what people think of you drives what rachel and others call the trust economy people call it the sharing economy they call it the clubs economy clarity consumption whatever you call it trust is the social glue i mean think about it we exchange money without spanks you see things like lending club funding circle transfer wise weeks rides from strangers whether it's lift cycle uber and ride sharing we stay in other people's homes people we've never met from couch surfing to abby all the way to the high end of one day which is i think properties now ever a million dollars and all of those services run on trust here's how rachel describe it in her ted talk now what's happening here is people realizing the power of tech.

rachel bachman tedtalk funding circle million dollars one day
"funding circle" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:57 min | 2 years ago

"funding circle" Discussed on Bloomberg Radio New York

"Spotify anywhere up to the tune of twenty billion dollas that's significant nuts much bigger than in recent history that we've seen in the european tech scene we have to back two supercell which sold out to chinese china's tens send it was bought a couple of years ago and that was just ten billion dollars loss chairwoman of the biggest ones that we got super excited about here in europe was about valuation of five billion dollars and that was delivery hero in germany we just think of the recent ones that have come to the market and some of them just to live up to those sorts of heady heights split a flight is going to hate i think of names like yom next than russia i think of germany's look at internet as well or about four five billion so this is crucial and also what is crucial because more companies want to come to the market we know funding circle here in london also wants to tap the pro public markets we look at the likes of delivery will they becoming this is going to funnel money back into the ecosystem for smaller startups as well because some big european v sees a going to cash in on this deal the low cool ones ones that were v sees founded over in sweden but spotify this we just company these are going to be no so we thinking of the company like crammed them but also locally to london wellington axelle these companies will make money if they sell their shares enlisting day and they will fumble it back in two european tech is crucial so alan we saw a few days ago dropped box going attritional ipo rao of course that's one there people are very excited about this year but do you think other tech companies will take this nontraditional listing route or is this an anomaly i think tech companies are definitely looking at it and a lot of this is probably going to come down to the valuation process the risk here is that the stock ends up being very volatile because again devaluation will be set on listing day it'll depend on how many of those shareholders caroline's talking about wants a sell who wants to by and what price they're willing to change hands spotify has given some indications they said since 2017 in private transactions is.

china europe russia london sweden Spotify germany funding circle alan caroline five billion dollars ten billion dollars
"funding circle" Discussed on WAFS Biz 1190

WAFS Biz 1190

01:53 min | 3 years ago

"funding circle" Discussed on WAFS Biz 1190

"In the european tech scene we have to look back to supercell which sold out to chinese china's ten sends it was bought a couple of years ago and that was just ten billion dollars lost one of the biggest ones that we got super excited about here in europe was about valuation of five billion dollars and that was delivery hero in germany we just think of the recent ones that comes the market and some of them just live up to those sorts of heady heights spotify is going to hate i think of names like yom next in russia i think of germany's rocket internet as well all about four five billion so this is crucial also watch crucial it's 'cause more companies to come to the market we know funding circle here in london also wants to tap the public markets we look at the likes of delivery will they becoming this is going to funnel money back into the ecosystem for smaller startups as well because some big european v sees a going to cash in on this steal the low cool ones ones that were v sees founded over in sweden but spotify this swedish company these are going to be no soon we thinking of the company like create i'm them but also locally to london wellington axelle these companies will make money if they sell their shares enlisting day and they will follow it back in two european tech is crucial so alex we saw a few days ago dropped box in the traditional ipo rao of course that's one bear people are very excited about this here but do you think other tech companies will take this nontraditional listing route or is this an anomaly i think tech companies are definitely look and a lot of this is probably going to come down to the valuation process the risk here is that the stock ends up being very volatile because again devaluation will be set on listing day it'll depend on how many of those shareholders caroline's talking about wants to sell who wants to buy and what price that willing to change hands spotify given some indications they said since 2017 in private transactions is treated anywhere between six billion and twenty three billion that's.

china europe russia london sweden germany spotify funding circle alex caroline five billion dollars ten billion dollars
"funding circle" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:53 min | 3 years ago

"funding circle" Discussed on Bloomberg Radio New York

"In the european tech scene we have to look back to supercell which sold out to chinese china's tens send it was bought a couple of years ago i was just ten billion dollars last year one of the biggest ones that we got super excited about air in europe was about valuation of five billion dollars and that was delivery hero in germany we just think of the recent ones that have come to the market and some of them just live up to those sorts of heady heights spotify is going to hit i think of names like yom next and russia i think of germany's look at internet as well all about four five billion so this is crucial and also what is crucial is because more companies want to come to the market we know funding circle here in london also wants to tap the pro public markets we look at the likes of delivery will they become this is going to funnel money back into the eu because this dmv for smaller startups as well because some big european v sees a going to cash in on this steal the local ones ones that would be seized founded over in sweden spotify the swedish company these are gonna be no and we thinking of the company like crammed them but also locally to london wellington axelle these companies will make money if they sell their shares enlisting day and they will formulate back in two european tech is crucial so our we saw a few days ago dropped box growing official ipo rao of course that's one there you know people are very excited about this year but do you think other tech companies will take this nontraditional listing rao or is this an anomaly i think tech companies are definitely looking at it and a lot of this is probably going to come down to the evaluation process the risk here is that the stock ends up being very volatile because again devaluation will be set on listing day it'll depend on how many of those shareholders caroline's talking about once a cell who wants to buy and what price they're willing to change hands spotify has given some indications they said since 2017 in private transactions is treated anywhere between six billion and twenty three billion that's.

china europe london eu germany spotify russia funding circle sweden official caroline five billion dollars ten billion dollars
"funding circle" Discussed on WAFS Biz 1190

WAFS Biz 1190

02:05 min | 3 years ago

"funding circle" Discussed on WAFS Biz 1190

"Come to the market and some of them just live up to those sorts of heady heights spotify is going to hey i think of names like next in russia i think of germany's rocket internet as well all about four five billion so this is crucial and also is crucial is because more companies want to come to the market we know funding circle here in london also wants to tap the pro public markets we look at the likes of delivery will they becoming this is going to funnel money back into the ecosystem for smaller startups as well because some big european v sees a going to cash in on this steal the low cool ones ones that v sees founded over in sweden spotify this swedish company these are going to be no thrown we thinking also the company like create i'm them but also locally to london wellington axelle these companies will make money if they sell their shares enlisting day and they will finally back in two european tech is crucial so we saw go drop box going the traditional ipo rao of course that's one bear people are very excited about this year but do you think other tech companies will take this nontraditional listing route or is this an anomaly i think tech companies are definitely look and a lot of this is probably going to come down to the valuation process the risk here is that the stock ends up being very volatile because again devaluation will be set all listing day it'll depend on how many of those shareholders caroline's talking about wants to sell who wants to buy and what price that willing to change hands spotify given some indications they said since 2017 in private transactions is treated anywhere between six billion and twenty three billion big range there so depending on how this this stock open process goes what the volatility looks like moving forward could be something that people watch i mean when east ask public private company ceos what do you think about being public a lot of them do talk negatively about the distraction of the stock price if you go out there and have a stock price of swimming around on wildly maybe you go back to the ipo process get a little more a little more granular valuation discovery process before you decide to list their shares can we talk.

russia london spotify germany funding circle sweden caroline
"funding circle" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:59 min | 3 years ago

"funding circle" Discussed on Bloomberg Radio New York

"The us global news 24 hours a day powered by more than twenty seven hundred journalists and analysts in more than 120 countries i'm adrienne itself this is a bloomberg market bennett un stunks of posting gains the dow jones industrial average is up forty three points to twenty two thousand forty two sp 500 index up four the nasdaq climbing fifteen what president trump's council of senior business leaders still advised on strategy and policy is disbanding according to a person familiar with the matter the strategy group is one of several the white house convened earlier this year to advise the president several seek yells from a manufacturing council quit this week following blow bag from trump's remarks about racially charged violence in virginia on saturday and in less than an hour the minutes of the last meeting will be released so far policymakers have indicated that they may start to reduce the central bank's balance sheet in september and one more interest rate hike this year is not off the table donna wilson bloomberg great ago with the bloomberg small business report i'm john tucker samir desai recently made his way to a complex of industrial buildings in south london looking for an answer to the question i was briggs it affecting his small business customers the size chief executive officer of funding circle a lender that arranges loans to small companies but his if the boat to leave the european union is affecting his borrowers design wants to know about it one of the small businesses he visited sixyearold by the horns brewing are crafter brewer bloomberg reporter ed robinson tagged to law all of the equipment that they import from belgium china the us beermaking quick minutes made that more expensive and a call from an expensive the uk currency is utter performed every major currencies.

european union uk ed robinson london donna wilson dow jones bloomberg adrienne belgium china reporter us funding circle chief executive officer john tucker samir desai central bank virginia president white house trump 24 hours
"funding circle" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:33 min | 3 years ago

"funding circle" Discussed on Bloomberg Radio New York

"Burgeoning finn tech seen it's a polyglot workforce with lots of coders and sales people and business development people from the eu so it's very emblematic of the the tech seen in london very cosmopolitan so no surprise it was very anti brexit and samir was quite apprehensive about what brexit would do to uh to the economy here to his own business but also had an emotional connection with being part of the eu and being part of a global economy so when brexit past he and his his colleagues were stunned like many but then a funny thing happened and that is his business went up the volume of loans on his platform actually spiked quite dramatically i thought that was quite interesting as well but is that linked in any way shape or form to brexit's or is that just sort of him being lucky and funding circle as a business being luckier at a good time i think it's there was a kind of longstanding surge in 'peertopeer loans that was already taking place but the but his their loan volume went up more than sixty percent since brexit in the in the six months after that so the theory is that after brexit passgners can before we period where things the economy did not go off a cliff a lot of investors chasing yield went on to.

eu global economy brexit london samir funding circle sixty percent six months
"funding circle" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:36 min | 3 years ago

"funding circle" Discussed on Bloomberg Radio New York

"And his team are there are start up there in london's burgeoning thin tech seen it's a polyglot workforce with lots of coders and sales people and business development people from the eu so it's very emblematic of the the tech seen in london londonderry cosmopolitan so no surprise it was very anti brexit samir was quite apprehensive about what brexit would do to uh to the economy here to his own business but also an emotional connection with being part of the eu and being part of a global economy so when brexit past he and his his colleagues were stunned like many but then a funny thing happened and that is his business went up the volume of loans on his platform actually spiked quite dramatically i thought was quite interesting as well but is that linked in any way shape or form to brexit or is that just sort of him being lucky and funding circle as a business being lucky at a good time i think it's there was a kind of longstanding surge in 'peertopeer loans that was already taking place but the but his their loan volume went up more than sixty percent since brexit in the in the six months after that so the theory is that after brexit passgners come before we period where things the economy did not go off a cliff a lot of investors chasing yield went on onto.

london eu global economy london londonderry funding circle sixty percent six months