Dispatches from the digital age

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By Sean Park “We kill all the caterpillars, then complain there are no butterflies.” ― John Marsden, The Dead of Night Chances are, if you work in a large company, its management culture is focused on seeking out, optimizing and profiting from an operating environment predicated on: • Knowledge • Certainty • Stability Successful managers of Industrial Age businesses have mastered the challenges of operating in such an environment and have shaped their businesses accordingly. The archetypal corporate hierarchy – with it’s bottom-up information flows and top-down decision making – is (unsurprisingly) highly adapted to this “KCS” paradigm. Indeed, the current,…

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Govt. Office of Science Budget Report 2015 – Financial Technology

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The Government Office of Science has published the findings and recommendation from its review of Financial Technology (FinTech). Anthemis Group was part of the expert panel that advised and contributed to the drafting of the report and the evidence papers that provide context and support for the recommendations in the report. In particular, we focused on the evolution of business models for the 21st century, in addition to helping review other facets of the report. Read the full report HERE. Recommendations from the report were included in the Budget 2015, announced on the 18th of March, including: investigate the feasibility of developing…

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Nadeem Shaikh on building the bank of the future

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Bain & Co Partner Dirk Vater asks what bank executives can do to reinvent their business models and encourage the innovation necessary to remain competitive. Anthemis Group Founder & CEO Nadeem Shaikh shares a “mindset action plan,” wherein bank executives make small bets on many experiments to see what gains traction, maintain long-term perspective and encourage a culture of innovation. Richard Fleming, another Bain partner, shares promising examples of this mindset at work in companies within financial services and beyond.

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Moven Founder & CEO Brett King Joins Anthemis Group As Venture Partner

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Read online here. Anthemis Group, the leading digital financial services investment and advisory firm, today announced that mobile banking visionary and Moven Founder and CEO Brett King is joining the organisation in the role of Venture Partner. He will continue to be at the helm of Moven, the revolutionary mobile banking application he founded in 2012. As a Venture Partner Brett will work closely with Anthemis’ global advisory business, offering its clients his experience and insights to source and structure deals amongst startups and incumbents, while also leveraging his extensive network to their benefit. “Having worked with Anthemis as a…

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Anthemis Group invests in Trov

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Trov (pronounced trove) helps people easily organize, value and protect the things they own. With Trov, people can easily reference receipts and other important information, track the market value of their things and connect to opportunities to insure. Powered by unique technology and integrations with world leading databases, Trov makes collecting information about purchases easy and automatic. All the information in a Trov is owned by the user, kept securely in the cloud and is privately accessible on a mobile device. Sean Park, Founder and Chief Investment Officer of Anthemis Group also serves on the board of Trov. Read online here.

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Banks get out their chequebooks to chase the next banking revolution

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By Marion Dakers, The Telegraph. See online here. Old Billingsgate Market, once the world’s biggest trading venue for seafood and in an earlier guise a survivor of the Great Fire of London, now earns its keep as a corporate events venue. Last week, its Victorian arches played host to a thousand reasonably sized fish in one of London’s newest industries, bringing together well-heeled City backers with six-dozen start-ups with a shared aim to reel in banking customers. The third annual Finovate Europe, a portmanteau of “finance”, “innovate” and the Continent, showed off the newest developments in fintech, a combination of…

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Anthemis Group makes follow-on investment in Betterment

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Online financial adviser Betterment has raised new funding that values it at around $400 million to $500 million. New York-based Betterment is closing a new $60 million round, the company is set to announce on Thursday. The new round was led by growth equity firm Francisco Partners, with existing investors Anthemis Group, Bessemer Venture Partners, Menlo Ventures and Northwestern Mutual also taking part in the offering. The company previously raised $32 million in Series C funding in 2014, $10 million in October 2012, and $3 million December 2010. Anthemis Group is a seed investor in Betterment. Read more here.

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Anthemis Group invests in Bento

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Bento is a flexible platform that will bring true digital financial innovation to over 28 million SMBs in the US alone. The first product being created is a mobile banking, expense management, and working capital solution for SMBs with simple, straightforward controls and proprietary management tools. As it grows, it will add a host of data-based services as well as open the platform to third party developers to become the go-to financial solution for SMBs. Nadeem Shaikh, Founder & CEO of Anthemis Group serves on the board of Bento. Read online here.

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Amy Nauiokas Joins Anthemis Group In the Role of President

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Anthemis Group, the leading financial services investment and advisory firm, today announced that digital financial services veteran Amy Nauiokas is joining the organisation in the role of President. Based in the London office, Amy will focus on leading the group’s strategy, capital raising, marketing and investor relation activities. She will work closely with Sean Park, Chairman and Chief Investment Officer, and Nadeem Shaikh, CEO, to significantly grow and evolve the business. Amy, who spent the last four years building her own media production and investment company, Archer Gray, co-founded Nauiokas Park in 2008 with Sean Park, which was one of the…

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Insights from our Founders, #AHFR14

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By Simrat Ghuman At the annual Anthemis Hacking Finance Retreat 2014, some of our most dynamic founders spoke about the building blocks of a sound company – the investors, the co-founders, the team; and left us with some invaluable tips on how to survive if you’re a startup founder. These guys have been there, and have scaled or exited successfully, so take note. For video vignettes with all the founders, scroll down, or click here. The two things that have stayed with me since our brief interviews in the picturesque Meribel are how staunchly all the founders believed in their vision…

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