Sharing with you relevant and exciting utilization of a number of innovative technologies, be it disruptive or sustaining to the existing financial services industry.
Hey everyone,
This week we have a long-form article by Andreessen Horowitz analysing the COVID effect on fintech, McKinsey exploring the changing dynamics for fintech companies in Europe, the mega-rounds raised by Klarna and Affirm, the fintech valuations outrunning banks, a slimmed-down regulatory process for fintech in the US, and much more.
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Affirm, a point-of-sale and buy now, pay later lender, announced a $500 million series G round of funding, bringing its total funding to more than $1.3 billion.
The market caps of payment stocks like Visa and MasterCard have eclipsed the value of the biggest banks, even as their balance sheets remain significantly smaller in comparison.
Money transmitters like Western Union, PayPal, and cryptocurrency firms will be able to more easily expand across the United States, after 48 state regulators agreed to a single set of supervisory rules that should reduce their compliance costs.
The biggest silver lining in periods of economic turmoil–such that we are in right now, despite what the stock market may tell you–is that they often lead to significant innovation. This is true for most major economic depressions and recessions in U.S. history. General Motors (NYSE: GM) was founded
Fintechs are Israel’s new secret weapon. Top startups in the space are tapping into the synergy between security and finance, and showing global ambitions.
The Jeff Bezos-led firm now allows Indian users to book movie tickets and flight tickets, as well as pay their electricity, water, cooking gas, broadband, and satellite TV bills.
Alessandro Ravanetti- Freelance content writer and copywriter. Working in the fintech industry since 2011, I built and managed digital companies with distributed teams and international partners, gaining experience with both startups and large corporations. I am an independent expert with the European Commission, FundingBox and the Eureka Network, and an advisory board member of SXSW. alessandro.ravanetti@startupdigestmail.com
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