According to foreign media reports, consulting firm KPMG and venture capital industry data provider CB Insights this week released a major Fintech industry financing report for the second quarter of this year. The report pointed out that Fintech’s venture capital financing has been balanced globally. The North American region experienced a sharp decline. In Europe, the Fintech financing amount in Germany overwhelmed the United Kingdom for the first time.
Globally, in the first half of this year, a total of about 2.5 billion U.S. dollar wind investments were flocked to Fintech Ventures, and the total amount of funds entering the Fintech field reached US$9.4 billion. The B round of financing of ant gold service up to $4.5 billion has greatly boosted the financing level of Fintech.
The report also counts the top ten list of the largest venture capital financing transactions so far in 2016:
In this "golden" sparkling list, there are two points worth noting: China's Fintech company's dominant position and insurance technology advancement.
First of all, among the top ten Fintech venture financing transactions, five are from Asia (actually all Chinese companies, one from Hong Kong) , and the two biggest ventures are ventures - two Chinese companies: Lukin. And Jingdong Finance - the total amount of transactions added up to even more than the remaining eight total transactions (Ansett Jinfu's $ 4.5 billion financing is not supported by the venture capital, so it is not included in this list, if counted, if it counts The total number of transactions in the top ten in this category.
A large amount of capital flocked to China's Fintech Corp. and was consistent with the previous survey of the global Fintech Unicorn. Four-fifths of the most valuable Fintech companies come from China.
Second, the growth of insurance technology. Oscar Health, Clover Health and Bright Health are all start-up companies in the field of insurance technology - sometimes we also give this type of company a new name like " InsurTech " like Fintech . In recent days, investors have been touting opportunities for innovation in this field, but at present this field is still in its infancy in the United States. If you see InsurTech gradually spreading to Europe and other overseas markets, it is also an interesting thing.
So, let's take a closer look at what exactly these 10 companies have come from:
Lu JinsuoLufax Lufax is one of China's largest online investment and financing platforms under the Ping An Group. It is called Shanghai Lujiazui International Financial Assets Trading Market Co., Ltd. and was incorporated in Shanghai in September 2c011. The registered capital is 837 million yuan and its headquarters is Shanghai Lujiazui.
Lu Jinshang’s online investment and financing platform was formally launched in March 2012, relying on financial and Internet technology to create a risk management and control system to provide SMEs and individual clients with investment, financing, and financing services. The platform project covers financial management, funds, trusts, A variety of insurance and other types to create a one-stop financial platform.
Jingdong FinanceJingdong Finance is a subsidiary group of JD.com, which mainly includes Jingdong Crowdfunding and Jingdong Ibaijo's 2 major products. The Jingdong wallet payment system provides users with one-stop financial investment services.
At the time of the 8.18 Fortune Festival hot advance, Jingdong Financial announced that it will add dozens of cooperative fund companies. In the future, investors will be able to purchase nearly 3,000 funds on the Jingdong Financial Platform. At present, Jingdong Financial Wealth Management provides products including gold assets, overseas assets, public equity private equity funds, fixed-income assets, and asset management of securities companies. At the same time, Huitou, Zhizhi, and Le Guess, Ji Zhi broadcast and other products that use big data, artificial intelligence technology to help users invest in financial management.
Oscar HealthOscar Health, a US Internet health insurance company, is a health insurance company that has been established for less than four years and has sold on the Internet. This year, Oscar Health’s rapid revenue growth and membership growth has grown rapidly, from 17,000 in early 2015 to 145,000 in early 2016. The company expects that by 2021, the number of members will exceed one million.
Specifically, Oscar Health mainly sells medical insurance to individuals on the Internet. Because of its simple procedures and provision of Internet medical services, such as providing fitness and on-line consultations, it is sought after by young and individual users.
Fenqile staged musicDomestic staged music pioneered the Internet micro-finance consumer financial business model. At the front end of the consumer market, staged music initially cooperated with many partners such as Jingdong Mall to purchase mobile phones from the earliest stage, and gradually expanded to the entire 3C digital, outdoor sports, beauty care, education, training, eating, drinking and other consumer scenes. At the back end of the debt processing, it is happy to launch Orange Finance in June 2014. The exclusive agent will be happy to settle all the claims in a timely manner and form a closed-loop ecosystem of “self-produced and soldâ€.
The credit model of staged music, to a certain extent, fills the gap in the young group credit market, and plays a role of young people's “credit cardâ€.
Clover HealthAs a start-up company in the field of Internet insurance, Clover Health and Oscar offer different solutions. Clover Health begins with the user's past insurance claims data, collects the user's medical history, matches the model, identifies high-risk groups, and helps them improve their health and change treatment to prevention, thereby reducing the company's medical expenses.
Before Obama came to power, because the United States did not have universal health care, it was not mandatory for companies to help employees buy medical insurance. Many people bought their own commercial insurance. When an employee retire, his medical insurance is often borne by himself.
So, Clover Health aimed at high-risk groups over the age of 65. In general, these people have accumulated a large amount of medical data. Clover Health can analyze the physical conditions of these people through data analysis and may need to prevent them in advance, so as to improve their health and reduce the cost of treatment. For example, Clover Health will arrange for a nurse to visit the clinic on a regular basis or to remind you to continue when you have interrupted an examination or treatment.
Welab Holdings I loanWeLab Holdings, an internet finance start-up company, established Hong Kong’s first P2P lending platform, WeLend.hk, to collect funds from high-value individuals through the platform and then lend to other individuals in Hong Kong. WeLab uses technologies such as big data to expand online financial technology services in Asia, including products launched in Mainland China in 2014. Products that are applied to credit risk management with big data analysis are used.
WeLab Holdings investors include Li Ka-shing's Hutchison Whampoa Limited, Cheung Kong (Holdings) Limited and other strategic investors.
Microcredit (microcredit) is a type of microcredit that provides credit services to microenterprises. This also led to another widely used term, called Microfinance, which extends the original service content to other financial services such as savings, insurance, currency exchange, and so on.
However, it is worth noting that after the microfinance network was exposed due to lack of information on the subject, there were concerns about risk control and it was questioned.
AffirmAffirm, a mobile payment company founded by PayPal co-founder Max Levchin, completed a $100 million financing in April this year in an attempt to reinvent "credit."
Affirm only makes purchase payments on mobile devices (mobile phones, tablets, etc.) and it requires a Facebook account login. On the website that supports the Affirm payment method, it will pay for you first, and the user only needs to pay Affirm within 30 days. Affirm's service Buy with Affirm helps online shoppers pay by monthly installments. If you want to apply for the service, users need to submit their last name, phone number, birthday and last four digits of the social security number. Affirm assesses risk primarily through big data analytics, such as bank accounts, determining borrower's borrowings and repayment periods.
BettermentBetterment can be described as the world's first intelligent investment seeker, completed in March this year, 100 million US dollars E round of financing. From 2010 to 2011, it began to introduce Internet-based technologies, big data, and artificial intelligence algorithms to personal finance users to provide asset management portfolio recommendations for public investors, including fund allocation, stock allocation, stock option operations, and debt allocation. The allocation of real estate assets has opened up the era of smart investment. In the past, such algorithms and asset allocation proposals were basically only available to institutional investors.
Betterment is usually configured through the ETF (Transactional Open Index Fund). Compared with some large institutional investors, the goal is to constantly optimize the allocation of the investment portfolio, and may do some matching or matching of assets and liabilities.
Bright HealthBright Health is a US start-up company in the field of medical insurance. In April this year, it completed a Series A round of financing totaling US$80 million. Bright Health said it will use this round of financing to bring the company’s first personal health insurance product to the national market.
Specifically, Bright Health connects patients with the healthcare system through Internet medical technology, reintegrating the broken relationship between supply and demand, and streamlining the medical service process. Bright Health based on big data analysis to provide users with health insurance plans, through the company's platform, patients can also connect with senior medical staff online, and quickly obtain medical care services.
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