Remove .Net Remove Fintech Remove Metrics
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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.

Marketing 260
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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

Fintech 193
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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

Fintech 284
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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.

Fintech 284
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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.

Banking 291
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The next generation of global payments: Afterpay + Square

TechCrunch

The former commercial chief (Product, Sales and Marketing) at PayPal, he now leads fintech investing at Matrix Partners, where he also invests in consumer marketplaces and enterprise software. Fintechs could see $100 billion of liquidity in 2021. 2019 saw a stampede of fintech unicorns. Critical innovations in fintech.

Fintech 267
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How the pandemic drove the IPO wave we see today

TechCrunch

In time, Airbnb will get back to full-speed , but among our new IPO candidates it’s the only company net-harmed by COVID-19. Keep in mind, however, that while we have seen some recent stability in the underlying environment, headwinds due to COVID remains particularly to net new bookings. Next up: Growth metric.