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The Rise of Private Digital Banks, Mega-Rounds Not Stopping, Where Are the Woman Execs in Fintech?

Hello and welcome to your weekly digest about financial technology. If you’re returning from last wee
Issue #57  •  May 11  •  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.
Hello and welcome to your weekly digest about financial technology. If you’re returning from last week, thanks! If you’re new, it’s very nice to have you! Share the love and tell your fellow fintech enthusiast friends to sign up here.
Happy reading,
This Week in Fintech
Private banks have ageing clients, whose trillions will change hands in the next decade. Is going digital the solution for millennial millionaires?   •   Share

Savings and remittances are powerful anti-poverty tools. Tech giants and nonprofits are launching an effort to build digital payments and banking services worldwide.   •   Share
Isabel Woodford
My analysis has revealed that European fintechs have fewer women in leadership than the global average. But big up Spain for leading the pack and @TransferWise as the top unicorn. Working on a pan-European list of fintech's leading women - DM for ideas!
Funding, Merger & Acquisitions
The popular mobile trading app appears to have moved past recent missteps.   •   Share

Fintech startup N26 now has a proper funding war chest to face the economic downturn. The Berlin-based startup has extended its Series D round with another $100 million of funding at the same valuation of $3.5 billion. In total, N26 has raised $570 million as part of its Series D round.   •   Share

AskRobin, an Estonia-founded fintech that operates a financial services marketplace for “underbanked” customers in Latin America, has picked up $1.7 million in funding. The seed round is backed by VC funds Change Ventures, Vereeni Early Stage Fund, BENE Asia Capital, and Lemonade Stand.   •   Share

Something More for You to Read
In Asia Pacific (APAC), adoption of fintech applications including digital wallets is booming, according to a new study by Rapyd, a London-based fintech startup.   •   Share

PayPal Holdings Inc. fell short of first-quarter expectations Wednesday as the company felt the impact of the COVID-19 pandemic in March, but the digital…

The move by the U.S. Securities and Exchange Commission comes as operators of regulation crowdfunding say they are already working with record amounts of companies who are pushing the total raised to all-time highs.

LendingClub spoke at length in their Q1 Earnings call about the impacts of the coronavirus crisis on their business.
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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