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For Fintech, 2024 Was A Year of Hype, Hustle and Hard Truths. What’s Next In 2025?

Crunchbase News

By Katherine Maslova This has been a year of rapid progress and high expectations for the fintech sector. So, despite being a sector with a strong concentration of AI leaders, fintech like 74% of companies across industries struggles to scale value. There’s also been lots of buzz and hard, painful truths learned.

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Neobanks’ moves toward profitability could be the path to public markets

TechCrunch

But despite our general inclination to lump banking-focused fintech providers that serve consumers, business customers or both into a single bucket, there’s wide divergence in how the various neobank players are performing in the market. Back in August 2020, The Exchange noted that many neobanks were racking up steep losses.

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The Mint, started by Better Tomorrow Ventures, wants to be the accelerator fintech needs

TechCrunch

The investor previously worked as a partner at 500 , previously known as 500 Startups, where he raised and ran a dedicated fintech fund as well as helped build an accelerator. There he met his eventual founding partner at BTV – Jake Gibson – and backed a cadre of fintech startups, including Chipper and Albert, each at $2.5

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London-based Fidel API lands $65M in Series B funding, proving fintech infrastructure is hotter than ever

TechCrunch

Fidel API says it has tripled its growth metrics and quadrupled its card base year-over-year since launching in 2018, according to CEO and co-founder Dev Subrata, who declined to reveal hard revenue figures. What we have done is build a modern connectivity layer that sits on top of the payment systems on the global net core networks.

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Affirm files to go public

TechCrunch

Growth and a path to profitability has been a winning duo in 2020 as a number of unicorns with similar metrics have seen strong pricing in their debuts, and winsome early trading. Again, comparing the company’s most recent quarter to its year-ago analog, Affirm’s net losses dipped to just $15.3 million, down from $30.8 million, $153.3

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Here’s how fast a few dozen startups grew in Q3 2020

TechCrunch

Earlier this week I asked startups to share their Q3 growth metrics and whether they were performing ahead or behind of their yearly goals. That’s not a revenue metric, and it’s not Q3-specific, but as both Numerated and BlueVine cited the PPP program as a growth driver, it felt worthy of inclusion. Q3 performance.

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Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019

TechCrunch

In 2018, Carbon , a Nigerian fintech startup, made its financials public for the first time. Why this Nigerian fintech startup is volunteering audited financials. Like Carbon, other startups on the continent have followed suit by releasing year-on-year metrics. It’s a tradition Dozie hopes the company will keep this year.

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