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Feb 8th 2016 News Digest

Feb 8th 2016
Title Description Interest level Publication
China’s P2P sector rocked by fraud, death According to the two documents, Su Weidong, the 43-year-old founder, sole shareholder and legal representative of the company, died of cardiac arrest on January 31, and was cremated the following day. The Daiyue district funeral home in Tai’an city confirmed the authenticity of the cremation certificate. The company couldn’t be reached for comment. A The Australian Business Review
Financial Technology Crucial Component as Canadian Economy Transitions to New Reality Canada has been lagging behind both the UK and the US so far; only 8.2% of active consumers in Canada have used two Fintech products within the last six months. A Tech Vibes
Adoption of Financial Technology Services Could Triple in Canada Part of the reason why FinTech adoption in Canada is so low is because consumers don’t know what products and services are available. For digitally active respondents who haven’t used two or more FinTech products in the past six months, more than half (57.2%) say they were unaware the products existed. Only 10.3% of Canadians say they’re not using FinTech because they don’t trust them. A Tech Vibes

 

Author : George Popescu

About the author

George Popescu

Serial entrepreneur.

George sold and exited his most successful company, Boston Technologies (BT) group, in 2014. BT was a technology, market maker, high-frequency trading and inter-broker broker-dealer in the FX Spot, precious metals and CFDs space company. George was the Founder and CEO and he boot-strapped from $0 to a $20+ million in revenue without any equity investment. BT has been #1 fastest growing company in Boston in 2011 according to the Boston Business Journal and the only company being in top 10 fastest in 2012-13 as it was #5 in 2012. BT has been on the Inc. 500/5000 list of fastest growing companies in the US for 4 years in a row ( #143, #373, #897 and #1270). After the company sale in July 2014 until February 2015 George was Head-of-Strategy for Currency Mountain ( www.currencymountain.com ), a USD 100 million+ holding company focused on retail and medium institutional currencies, precious metals, stocks, fixed income and commodities businesses.

• Over the last 10 years, George founded 10 companies in online lending, craft beer brewery, exotic sports car rental space, hedge funds, peer-reviewed scientific journal ( Journal of Cellular and Molecular medicine…) and more. George advised 30+ early stage start-ups in different fields. George was also a mentor at MIT’s Venture Mentoring Services and Techstar Fintech in NY.

• Previously George obtained 3 Master's Degrees: a Master's of Science from MIT working on 3D printing, a Master’s in Electrical Engineering and Computer Science from Supelec, France and a Master's in Nanosciences from Paris XI University. Previously he worked as a visiting scientist at MIT in Bio-engineering for 2 years. George had 3 undergrad majors: Maths, Physics and Chemistry. His scientific career led to about 10 publications and patents.

• On the business side, Boston Business Journal has named me in the top 40 under 40 in 2012 in recognition of his business achievements.

• George is originally from Romania and grew up in Paris, France.

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