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The global downturn has impacted every sector, but fintech bore the brunt of it as public-market valuations fell off a cliff last year. CB Insights recently found that two of the largest global VC firms, Sequoia Capital and Andreessen Horowitz, actually backed more fintech companies in 2022 than any other category.
Marqeta has agreed to acquire two-year-old fintech infrastructure startup Power Finance for $223 million in cash, marking the first acquisition in the publicly-traded company’s 13-year history. In other words, it provides the tools for companies — fintechs and otherwise — to provide cards, wallets and other payment mechanisms.
At the same time, we are continuing to execute our robust near-term product strategy to support future growth. . It will be interesting to see in this market environment, whether those types of more niche plays are going to be able to attract the funding that they need to sustain themselves. Sign up here to get it in your inbox.
Data sovereignty and the development of local cloud infrastructure will remain top priorities in the region, driven by national strategies aimed at ensuring data security and compliance. With the right investments, policies, and strategies in place, the region is on track to become a global leader in digital transformation.
Every week, I’ll take a look at the hottest fintech news of the previous week. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Weekly News.
Data sovereignty and local cloud infrastructure will remain priorities, supported by national cloud strategies, particularly in the GCC. Investments in healthcare technologies will grow, driven by national health strategies and pandemic-driven innovation. What specific use cases do you expect to become more widespread?
Specifically, today QED is announcing a $550 million early-stage fund and a $500 million growth-stage fund , both of which are aimed at backing fintech companies primarily in the U.S., Clearly, Alexandria, Virginia-based QED was investing in fintech before fintech was “cool.” the United Kingdom, Latin America and Southeast Asia.
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. 5 reasons why Ukraine’s fintech sector is growing despite war. Develop a solid strategy. More posts by this contributor.
Undoubtedly, this is putting added pressure on FinTech executives. Although digitization has a significant catalytic effect on these processes, a successful diversification strategy would still need a solid basis and a set of scalable growth patterns that could apply to target markets.
It recently hired Pavel Khristolubov , an ex-Tinkoff executive, as its global chief operating officer and Elena Lavezzi , a former Revolut executive in Europe, as chief strategy officer to oversee efforts in this regard and also grow its over 4 million customer base. Wave, a Stripe-backed African fintech valued at $1.7
How has your investment strategy changed? Focus on growth with good economics and don’t “buy” growth, as that will come with poor economics and hence is not sustainable. We also saw fintech pick up as a big theme and supply chains got digitized, including in manufacturing and agriculture.
Grant Easterbrook is a fintech consultant based in Amsterdam. This year marks the 10th anniversary of the fintech phenomenon. Alternatively, you need to develop a comprehensive strategy to compete and build a compelling suite of products, services and perks. How can fintech startups prepare to compete in the next decade?
If you can’t connect with an investor who can help you find and fill in your gaps with regard to talent or expertise, you can’t build a sustainable company. How to evolve your DTC startup’s data strategy and identify critical metrics. But fundraising is only one part of a founder’s journey. Walter Thompson.
From lithium battery chemical recycling to smart media, blockchain infrastructure to student-centric educational software, and Sub-Saharan African fintech to cultured-meat production, this batch of companies is sure to wow the investors and the audience. TC aims to pick companies from a range of industries.
In 2015, the emergence of fintechs such as Flutterwave and Paystack changed the game for online businesses in Africa by making it easier to integrate payments into customer interfaces without building those features from the ground up or merging with tacky foreign software. The situation is no different in Africa.
Sustaining velocity at scale Blocks approach to developer experience has evolved significantly as the company has grown. A key pillar of Blocks strategy is its InstantDev Vision focused on building a best-in-class internal developer platform where, as Coburn puts it, everything just works.
With nearly half a million customers across Mexico and a network of 30,000 retail locations where representatives can take deposits, the challenger bank albo is already on its way to becoming a dominant player in Mexico’s emerging fintech industry. albo has proven its ability to drive sustainable growth and is leading the market.
In 2025, the FII will focus on a variety of topics, including the impact of technology on global markets, the role of sustainability in tech investments, and the future of financial technologies. The week will feature discussions on a range of tech topics, including fintech, digital transformation, smart cities, and cybersecurity.
It’s one reason why the region is home to many fintech businesses born elsewhere that need proximity to a large banking ecosystem, as well as the blockchain/crypto crowd, which have found a highly amenable regulatory environment in Zug, right next door to Zurich. Maximilian Spelmeyer , partner, SIX Fintech Ventures.
” The report had many interesting findings, but here’s the one that left the biggest impression on me: Startups that adopt USP and product-led growth strategies pay back customer acquisition costs faster and have higher net-dollar retention. Why LatAm’s fintech boom is more than hype and superlative venture investment.
Fintech is transforming the world’s oldest asset class: Farmland. Fintech is transforming the world’s oldest asset class: Farmland. Debt versus equity: When do non-traditional funding strategies make sense? Debt versus equity: When do non-traditional funding strategies make sense? Walter Thompson. yourprotagonist.
Banks are no longer the key players in the market, with fintech companies, digital-first start-ups, and tech giants delivering their own brand of financial services. Then there is the rise of sustainability. New players, too, are disrupting the landscape in unprecedented ways.
Banks are no longer the key players in the market, with fintech companies, digital-first start-ups, and tech giants delivering their own brand of financial services. Then there is the rise of sustainability. New players, too, are disrupting the landscape in unprecedented ways.
Its lead investment in Flutterwave, which valued the fintech at $1 billion in March 2021, was a return from a long hiatus in investing in Africa. Fintech brings the Tiger back. billion, going into 2021, and it started the year with a bang, leading many mega-rounds, especially in fintechs. IROKO and others were a tiny play.
This is targeted at tech businesses with complex risks that are more difficult to insure such as medical malpractice or professional indemnity, with customers including London-based fintech unicorn Paddle. Superscript has focused on sustainable growth and quality underwriting from day one to give us more favourable loss ratios.
Public cloud architectures will evolve, while companies will be forced to reconsider their cybersecurity strategies to protect increasingly valuable digital assets in the age of AI. Cities such as Dubai and Riyadh will continue to lead as fintech hubs, attracting both regional and global players to drive the sectors evolution.
Fintech startup N26 has raised a $900 million Series E round at a $9 billion valuation. N26 tweaked its product offering to optimize for profitability and long-term financial sustainability. Fintech startups are increasingly focusing on profitability. This is a significant shift in the company’s international strategy.
Guest columns fall into two categories: TechCrunch+: Strategies and tactics for building and scaling startups. In light of recent successes by firms like Supply Change Capital, Cake Ventures and Adverb Ventures, Rebecca Szkutak looked into whether these wins have kicked off a sustainable trend in venture fundraising.
Much ink has already been spilled analyzing competition between fintech companies such as Robinhood and Public.com to capture these new customers. As a young upstart, Troop may have more latitude to experiment with different strategies to get retail investors on board.
So we’re hooking up with Extreme Tech Challenge (‘XTC’) to present the Extreme Tech Challenge Global Finals , a startup competition focused on powering a more sustainable, equitable, inclusive, and healthy world. Check out the 80 Global Finalists that emerged from this competitive pool. Powering the Future Through Transformative Tech.
She shared her prerequisites for making product-led efforts more successful and sustainable with TechCrunch+. Her advice skips straight past basic best practices to explain alignment and partnership strategies, recommendations for nurturing community, and other PLG tactics. What Yuga Labs wants to build after raising $450M.
In today’s competitive business environment, mastering revenue metrics is pivotal for sustainable growth. Knowing when to focus on GRR vs. NRR can profoundly influence your business strategy and performance. Two key metrics are GRR, or gross revenue retention, and NRR, or net revenue retention.
“Steve Lekas also stood out from many other insurance founders because of his prior experience — he had already scaled the homeowner’s business at Esurance and run product, data science, strategy, and marketing at Verisk, which is the one of the largest data providers to the insurance industry. Sign up here to get it in your inbox.
This generated brand traction and consumer following but led to growth that’s difficult to sustain for many brand entrepreneurs. ” South Korea’s fintech and e-commerce platform maturity has driven the growth of independent brands, Joo told TechCrunch. The solution to their pain points is why Wholesum exists.”
And given the current emphasis on achieving cost efficiency to extend runways in the broader startup ecosystem, it appears investors are open to insurtech startups that can build a sustainable business model, regardless of it including embedded insurance. That hasn’t changed. And the current market is rather reinforcing our investment thesis.
Greg Waisman of Mercuryo You need to have full understanding and confidence in what your company will be doing in the next one to three years, as well as a coherent strategy and disciplined focus. In 2022 and 2023, my company shifted its growth strategy, focusing on critical indicators like revenue and margin rather than just turnover.
She stated that Lori has been focusing on growth, sustainability and a path to profitability since its last funding round. Image Credits: Lori Systems.
Augmentum Fintech is another example of a London-listed venture capital firm. The investing group focuses on European fintech. In a perfect world, the answer is no, because realizations equal investments, so you are self-sustaining. In fintech, we’re taking an unfashionable approach. Yeah, that’s our strategy.
AI Stage Fintech Stage Hardware Stage SaaS Stage Security Stage Space Stage Sustainability Stage 3. Here are a couple of examples of what you can expect: Breaking into the Healthcare Monolith : Strategies for Working with Payors and Providers: Presented by InterSystems. Hale, interim CEO NS COO, Digitalundivided.
MOLOCO already serves mobile app developers in a wide range of industries, like gaming, social networking, e-commerce, ridesharing, food delivery and fintech, helping them turn their first-party user data into marketing, monetization and user acquisition campaigns. MOLOCO’s customers include King Digital, Playrix and Netmarble.
The latest round’s lead investor is Valar Ventures, which also led Syfe’s Series A, marking the fintech-focused venture capital firm’s first investment in an Asian startup. It also said all of Syfe’s full-time employees will receive equity in the company. Returning investors Presight Capital and Unbound participated, too.
How can fintech companies keep up with rapid innovation while adhering to stringent regulations? The fintech business is expanding rapidly, driven by new technologies and evolving customer requirements. Balancing these two aspects is essential for fintech companies. Balancing these two aspects is essential for fintech companies.
Participants ran the gamut from fintech and sustainability to edtech and developer tools, and several stood out from the rest of the pack. All companies go through a four-month program but start at different times, thanks to 500 Global’s somewhat new rolling admissions strategy. The moonshots.
The Technical University of Eindhoven, High Tech Campus Eindhoven, and locally based corporates like ASML and Philips have been eyeing initiatives across Europe and applying what they’ve learned to the region’s strategy. Most excited by sustainability tech and deep tech. The region is weak in fintech. What is it weak in?
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