Could British Army counterinsurgency techniques help reduce poverty in Africa?

If the traders in Wangige, a grimy market town on the outskirts of Nairobi, were ever surprised to see a pipe-smoking former guards officer striding through their midst, they were too polite to show it. Ramshackle, overcrowded and mostly poor, Wangige is not the sort of place that usually attracts white expatriates, who rarely stray far from the Kenyan capital’s greener suburbs. Yet Wayne Hennessy-Barrett has become an accepted fixture ... read more

Private Equity – Acquisition Criteria Metrics

Private Equity Info blog, Andy Jones, March 08, 2019 We have previously reported that private equity, as an industry, is moving down market, increasingly investing in smaller deals. The question is, what company size ranges attract PE firms? In other words, how small, how big and are there any sweet spots in terms of preferred portfolio company size for new platform acquisitions? The Data Compiling data from Private Equity Info, the ... read more

Phyre App – Better than a wallet!

Great to see our client Phyre launch its payments app on iOS! Super slick payments and loyalty cards all in one place, on one great app. Download the iOS version now >>   read more

Mobeewave Founders On Igniting Contactless Payments In 2019

Canadian firm, Mobeewave, have announced the closing of a $16.5 million Series B funding round led by NewAlpha Asset Management, Mastercard and Forestay Capital. Mobeewave is a white-label technology platform, offering secure contactless card payment acceptance on smart devices, without the need for external hardware. Consumer onboarding comes courtesy of having a contactless card and a mobile banking app. Merchant onboarding comes courtesy of a mobile banking, FinTech or telecom partner, depending on the use ... read more

Speciality Materials – M&A Review and Valuation

M&A activity in the speciality materials industry has surged over the last several years. Increasing M&A activity by trade acquirers and financial sponsors has created a very favourable environment for sellers across the speciality materials sector. Additionally, carbon composite M&A continues to grow with 5 strong quarters in 2017 and 2018, due to some highly significant industry deals, robust growth rates, substantial value propositions and sustainable margins remained attractive incentives ... read more

Ideagen Acquires Morgan Kai Group Ltd

Ideagen plc, the UK-based, global software firm, today announced the acquisition of Morgan Kai Group Ltd, a leading Audit Management software provider to both public and private sector organisations. With operations in Leeds, Yorkshire, and Chicago, Illinois, Morgan Kai Group Ltd currently generates £5.3m in revenue with £3.2m recurring. The organisation adds more than 370 clients including the UK National Audit, the Federal Reserve, Investec, the New York Stock Exchange, ... read more

ICON’s Alan Bristow named Most Influential CEO 2018

We are delighted to announce that Alan Bristow, Founder & CEO at ICON Corporate Finance has been given the title of Most Influential CEO of the Year 2018 - M&A and Technology. The Corporate Excellence awards are hand picked by Corporate Vision magazine based purely on comprehensive analysis of both qualitative and quantitative research undertaken by the wider group so that only the best receive one of our prestigious accolades from across the UK’s vibrant and ... read more

How to make a move from banking to FinTech work

Of the bankers who have left the traditional financial services industry to join an established financial technology firm or a FinTech startup, many have trouble making the adjustment, feel like it’s not the best fit for them or simply fail to achieve the success – and enable the lifestyle – that they’d envisioned. On the other hand, plenty of bankers have made a successful move from banking to FinTech, and ... read more

How to make a move from banking to FinTech Work

  Of the bankers who have left the traditional financial services industry to join an established financial technology firm or a FinTech startup, many have trouble making the adjustment, feel like it’s not the best fit for them or simply fail to achieve the success – and enable the lifestyle – that they’d envisioned. On the other hand, plenty of bankers have made a successful move from banking to FinTech, ... read more

ICON Finalist for Best UK Corporate Finance House

  ICON recognised as finalist for the prestigious Real Deals Private Equity Awards 2018. The Private Equity Awards remains one of the most important and highly respected awards that recognises and celebrates the achievements of dealmakers, who over the last 12 months, demonstrated their deal making excellence with the most prized deals. Known for delivering a high degree of industry expertise alongside deep sector and transactional expertise, Alan Bristow, CEO ... read more

How FinTech is Forcing Banking to a Tipping Point

FinTech is changing the world of finance. In the US and Europe, we are at a tipping point, especially in consumer banking. The banks have clients and scale but the new FinTech entrants usually have the innovation edge, especially at the "client experience" interface. To remain competitive, banks need to get innovation before the FinTech companies get scale. In China, by contrast, we are past the tipping point: FinTech companies have ... read more

5 high-tech startups chosen to join Bristol’s Oracle Startup Cloud Accelerator Program

New businesses focusing on artificial intelligence, machine learning and virtual reality to benefit from the new next-generation startup accelerator The first five tech startups to win the chance to be part of the Bristol-based Oracle Startup Cloud Accelerator Program have been announced. The businesses, who were chosen from hundreds of applicants, specialise in various high-tech pursuits, ranging from artificial intelligence and machine learning to virtual reality. “Oracle opens up new opportunities for ... read more

Walid has been active in venture capital and in new venture development for the past 18 years with 40+ VC investments executed since 2010. Prior to founding MEVP and growing its AUM to $120M, Walid was the CEO of Dubai International Capital’s venture arm “the Arab Business Angels Network” (ABAN), which managed a regional seed venture fund as well as the first Business Angels Network in the Arab World. Prior to ABAN, he has served on ... read more

JPMorgan’s Dimon says bitcoin is a fraud that will eventually blow up, compares it to tulip trade

While most other Wall Street veterans are embracing the cyptocurrency, the JP Morgan CEO says bitcoin is "worse than tulip bulbs and it won't end well."....FYI:Tulips are still a successful export product in the Netherlands:) JPMorgan Chase CEO Jamie Dimon took a shot at bitcoin, saying the cryptocurrency "is a fraud." "It's worse than tulip bulbs. It won't end well. Someone is going to get killed," Dimon said at a ... read more

9 Regulatory and Compliance RegTech Start-ups

With the smallest of compliance slip-ups costing banks millions of dollars - fines across the industry are expected to surpass $20B this year. Here's a list of some of the global firms that help banks and financial institution mitigate risk and stay compliant:   Fenergo Founded in 2009, Irish startup Fenergo has taken in $80.43M in funding from investors that include asset management group Investec.   Digital Reasoning Founded in ... read more

Cap Tables, Share Structures, Valuations, Oh My! A Case Study of Early-Stage Funding

An interesting piece for Crunchbase written by Jason D. Rowley a venture capital and technology reporter based in Chicago, that we thought worth sharing. For many entrepreneurs, especially first-time founders, raising outside capital can be daunting. Between all of the new vocabulary – like “term sheets,” “capitalization tables,” “pro rata,” and different valuation metrics – and the very real legal implications of the agreements being signed, it’s easy to get overwhelmed. ... read more

UK mortgage broker Habito raise £18.5m B Series led by Atomico

U.K-based mortgage broker Habito raise 18.5 million pounds or $24 million through series B funding led by the venture capital Atomico. The online chatbot created by Skype founder Niklas Zennstrom plans to use the new investment to integrate its technology with retail banks and high street lenders to offer real time mortgage approvals. It plans to spread across home and life insurance spectrum. Nine months back, Habito, the algorithm powered ... read more

Beyond FinTech – the Fourth Industrial Revolution by The World Economic Forum

A pragmatic assessment of disruptive potential in financial services. The Disruptive Innovation in Financial Services project was launched at the World Economic Forum Annual Meeting 2014 in Davos, in a world still consumed with navigating the aftershocks of the global financial crisis. But in the wings, a new challenge for the financial system was growing in the form of FinTech – new entrants that promised to rapidly reshape how financial ... read more

Money2020: The Rise of Corporate VCs

ICON's Head of FinTech Eddie Harding is delighted to host a panel session at Money2020 with some of the biggest names in Corporate Venture Capital: Japanese eCommerce giant - Rakuten's Oskar Miel , the corporate venture capital arm of BBVA - Propel Venture Partners with Ryan Gilbert, IBM Ventures' Christoph Auer-Welsbach, Deutsche Telekom's  Thomas Preuss and Matteo Rizzi all join the line up. Money2020 is the worlds largest FinTech event, 26th - 28th June ... read more

Apple Bank here we come

Great post by Aki Ranin, COO at Bambu worth sharing...... At the annual developer conference WWDC, Apple announced their next move into the world of Financial Services. If you thought Apple Pay was as far as they would go, you were mistaken. Sorely mistaken! Enter the "Apple Pay Cash Card" According to the limited information available, Apple will automatically issue a virtual payment card to all iOS users, allowing them to ... read more

European FinTech M&A 2016-17

The Payments Sector was by far the most active sector within European FinTech M&A deals, the pace of exits is no surprise given the weight of funding that has gone into the sector. RegTech deals are also on the rise, hitting a 5 year high. We are also seeing big moves in Wealth Management and Banking M&A. Highlights 2016/2017 include: Payment giant, MasterCard’s acquisition of payment platform VocaLink for £868m Swedish ... read more

ICON’s Eddie Harding shortlisted for prestigious Finance Monthly M&A Award

We are delighted to announce that Eddie Harding, Partner at ICON Corporate Finance has been shortlisted for Deal Maker of the Year 2017. Alan Bristow, Founder and CEO of ICON, commented: “We are delighted to be shortlisted and included in categories which recognise our firm, deal transactions and individual staff achievements. The last year was a very exciting year for us and this momentum continues into 2017. ICON has recently ... read more

To Beat them, join them. Grant Murgatroyd explains how M&A is reshaping the FinTech landscape

Specialist or Generalist?  Institutional investors sit somewhere on a range from embedded specialists to generalists. LTP, a US news service for FinTechs, identified 61 venture capital firms with specific FinTech expertise. That's on top of the global private equity heavyweights who have been building expertise and experience in the sector. "Entrepreneurs have to make a big call as to whether to just purely go to institutional investors or go to corporates" ... read more