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The “Fin-Influencer” Boom, Fintechs Take on Banks at Their Own Game, China's Fintech Clampdown

Hola fintech friends, This week we look into Instagram and TikTok as the new battlegrounds for digita
Issue #81  •  November 16  •  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.
Hola fintech friends,
This week we look into Instagram and TikTok as the new battlegrounds for digital banks, China’s clampdown on fintech dominance, financial technology startups take on traditional banks at their own game, 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.
Until next week, take care!

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Applications are now open and close March 1, 2021.

This Week in Fintech
The “Fin-Influencer” Boom: Why Instagram and TikTok Are the New Battlegrounds for Digital Banks
Forget tube ads or expensive TV campaigns — it’s influencers on Instagram and TikTok that have captured digital banks’ marketing budgets.
China’s top banking watchdog doubled down on a push to rein in financial technology companies such as Ant Group Co., promising to eliminate monopolistic practices and strengthen risk controls in the industry.

Funding, Merger & Acquisitions
Railsbank, the Banking-as-a-Service, Raises $37m in Growth Funding

Clim8 Closes Crowdcube Round With More Than £2.3m Raised

This Fintech-Focused VC Firm Just Closed a $75m Debut Fund; Backers “Came Out of the Woodwork”

Vilnius, Lithuania-based lender SME Finance has received €80 million in backing from the European Investment Bank to support small and medium-sized businesses across the Baltic region.   •   Share

Something More for You to Read
Last month, a Silicon Valley startup called Varo Money achieved something it had worked three years to accomplish: it started accepting federally insured customer deposits. It was a watershed moment for the industry — coming only weeks after Varo had become the first consumer fintech company to be granted a national banking charter.   •   Share

The Pablo Escobar Trademark Company Is Suing Klarna for Millions

AI Can Make Bank Loans More Fair
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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