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The Fintech 250, First Fintech Takeover of a National Bank, Neon Pagamentos $300m Round

Hey everyone! This week we have the list of the top fintech companies of 2020 compiled by CB Insights
Issue #71  •  September 7  •  View online  •  Suggest a link
Fintech
Fintech
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 the list of the top fintech companies of 2020 compiled by CB Insights, the mega-round of a Brazilian digital bank, a tiny startup buying a nationally regulated US bank, the new Techstars fintech accelerator, a look at the emerging fintech scene in Latam, and much more.
If you like it, remember to share the love and tell your fellow fintech enthusiast friends to sign up here.
Happy reading,
This Week in Fintech
The financial services industry continues to attract tech companies that transform how people and businesses spend, save, borrow, invest, and more. From capital markets to insurance and digital banking to wealth management, the Fintech 250 are among the most promising of these companies globally.

Announcing a new Techstars fintech accelerator in Amsterdam, in partnership with ABN AMRO.

Consulting firm KoreFusion reports that in Latin America 1,075 fintech companies have amassed US$8 billion in external funding.

Funding, Merger & Acquisitions
The Series C round was led by General Atlantic with participation from new investors including Vulcan Capital, PayPal Ventures, Endeavor Catalyst and funds and accounts managed by BlackRock.

That U.S. regulators blessed the Jiko transaction is significant most because of how fundamentally different it is: It’s a consumer bank that doesn’t hold deposits.
www.cnbc.com   •   Share

Europe’s fintech upstarts have added millions of users and billions of deposits in their venture-capital fueled boom the past few years. And now the fight to one day turn a profit is becoming a battle for survival.

Something More for You to Read
Venture capitalists have invested more than $160 billion in fintech startups over the past five years. What have they and and fintech founders learned after spending all that money?
www.forbes.com   •   Share

Amazon.com Inc has added insurance and even gold to its menu of financial services in India, to expand its customer base and attract more subscribers to its Prime loyalty programme in a battleground growth market.

Over 240 Fintech firms are now operating in Indonesia, a leading Southeast Asian and global economy: report.

We’re all familiar with Apple Pay and Google Pay but Apple ID and Google ID will be far more important to our future online lives. We must make good choices about how digital identity should work and we must start now.
www.forbes.com   •   Share

The bank is cutting credit cards in an effort to get profitable. New investors and a fresh roadmap means something different for this once challenger bank.
sifted.eu   •   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.
alessandro.ravanetti@startupdigestmail.com
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