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Why fintechs are buying up legacy financial services companies

TechCrunch

It used to be that if you were a fintech startup or, for lack of a better term, a digitally native financial services business, you might be eyeing an acquisition from an incumbent in the industry. But lately, fintech upstarts are the ones doing the acquiring. Oh, how the tables have turned. So what’s going on here?

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Blockchain: Distributed Shared Ledger Technology in Banking

Hacker Earth Developers Blog

Over 90% of the world’s leading banks are either exploring, experimenting (PoCs), or formulating a strategy for leveraging blockchain technology, says an Accenture survey. Since its inception ten years ago, there has been plenty of hype around blockchain. An overview of Blockchain in Business Process Management (BPM).

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FlexID gets Algorand funding to offer self-sovereign IDs to Africa’s unbanked

TechCrunch

Much of the world’s attention around blockchain is on the highs and lows of cryptocurrency values. Startups like FlexID remind us that distributed ledger technology has the potential to play other roles, including offering trusted records of identities without the need for a centralized authority.

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Founder alleges that YC-backed fintech startup is ‘copy-and-pasting’ its business

TechCrunch

Andy Bromberg, CEO of the a16z-backed startup Eco, is claiming that Pebble , another fintech startup that came out of stealth this morning, “plagiarized” Eco’s materials and business model. Bromberg posted a Twitter thread this afternoon saying Pebble engaged in “copy-and-pasting, immaturity, lying, and espionage.”

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Is this the year that we get our dream back channeling platform?

TechCrunch

Some investors still scoff at the idea that their portfolio companies may be asked to review what it’s like to work with them; similarly, founders are surprised when stories, not Cultureamp surveys, are where honest feedback truly lives. Wordle is tech born of love that asks nothing in return.

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Meet the newest crypto builders from web3 accelerator Alliance DAO’s demo day

TechCrunch

Oftentimes these events are filled with traditional seed-stage tech companies based in Silicon Valley. About three-fourths of the teams are focusing on NFTs, infrastructure or decentralized finance (DeFi), while the majority of the teams are building on layer-1 blockchains Ethereum, Polygon and Solana. Stage: Seed round.

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5 reasons why Ukraine’s fintech sector is growing despite war

TechCrunch

Vadym Synegin is a Ukrainian impact entrepreneur, philanthropist and investor in fintech and crypto projects with more than 15 years’ experience as an entrepreneur in Europe and the UAE. Ukrainians have often pioneered market-leading companies and built products that positively impact society, especially in the fintech sector.

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