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The Big Ideas Fintech Will Tackle in 2021, the Future of BaaS, Signals of Rising Institutional Interest in Bitcoin

Hey fintech friends, This week we look at the big ideas fintech will tackle in 2021, in a good summar
Issue #86  •  December 21  •  View online  •  Suggest a link
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 fintech friends,
This week we look at the big ideas fintech will tackle in 2021, in a good summary by the a16z fintech team, Baas players migrating towards becoming fintech-as-a-service providers, Bitcoin price rockets, with an always rising institutional interest on it, a new series of interesting acquisitions, plus much more.
As always, if you like this newsletter, remember to share the love and tell your fellow fintech enthusiast friends to sign up here.
This is the last edition of the year as I’ll be taking a break for myself, so next time you hear from me will be in January. Hope you can also find time to unwind, relax and celebrate.
Until next year, take care!

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Applications are now open and close March 1, 2021.

This Week in Fintech
The Big Ideas Fintech Will Tackle in 2021
Democratizing investing, embracing social+, embedding insurance, revamping distribution, empowering community, and disintermediating the banking system.  •  Share
Banking-as-a-service is not as large a segment as some think it is. As a result, BaaS players will migrate towards becoming fintech-as-a-service providers or develop partnerships with the nascent players in that space.   •   Share

Funding, Merger & Acquisitions
Banca Generali, a subsidiary of Italy’s largest insurer, will also help its customers hold bitcoin following the $14 million Series B.

French fintech Lydia has secured a $131m Series B, making it the largest fintech round in the country’s history.   •   Share

International Business Machines Corp. bought Expertus Technologies Inc., a Canadian financial-technology firm that helps process more than $50 billion in transactions a day, to bolster its electronic-payments capabilities.

SBI Financial Services, a subsidiary of Japanese group SBI Holdings Inc, has acquired UK-based cryptocurrency trading firm B2C2 and will become the first major financial group to run a digital asset dealing desk, the companies said on Tuesday.

German fintech Solactive, a technology-enabled provider of indices and index solutions to the global financial services industry, has taken a $60.4 million minority investment from growth investor Summit Partners.   •   Share

British digital payments firm GoCardless has raised $95 million in an investment round led by Bain Capital Ventures, the company said on Thursday.

Something More for You to Read
In March, the outlook for fintech lenders like Upstart looked grim. But the Silicon Valley company has fared better than many expected.   •   Share

British fund manager Ruffer Investment Management last month made a bet on bitcoin now worth around 550 million pounds ($745 million), a spokesman for the company told Reuters, in one of the largest signals of rising institutional interest in the digital currency this year.

Massachusetts securities regulators on Wednesday accused the popular online brokerage Robinhood of engaging in aggressive tactics to attract inexperienced investors and failing to prevent outages on its trading platform.

Bitcoin’s price is now up more than 200% since the start of the year.   •   Share
Techstars Startup Digest Fintech is curated by:
Alessandro Ravanetti 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.
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