#FinTech / The Tearsheet guide to fintech jargon for 2021

The world of financial technology is sounding like an increasingly niche space where jargon is becoming something of a currency. Our updated termsheet will help you cut through the noise to understand what everything really means… agile: fast altcoin: a bitcoin alternative accelerators: finishing school for startups AI: “big data,” 2021 version API: official permissionContinue reading “#FinTech / The Tearsheet guide to fintech jargon for 2021”

#FinTech / SoFi going public via SPAC backed by Social Capital in $8.65 billion deal

In one of the most eagerly anticipated fintech deals of 2021, online lender SoFi plans to go public through a merger with a special purpose acquisition company (SPAC) backed by billionaire VC investor Chamath Palihapitiya. The deal, announced Thursday, would value San Francisco-based SoFi at $8.65 billion. Palihapitiya told CNBC that SoFi is an attractiveContinue reading “#FinTech / SoFi going public via SPAC backed by Social Capital in $8.65 billion deal”

#BankTech #PayTech / Banktech and Payments: What to expect in 2021

The banktech and payments sectors underwent significant transformations in 2020 with the movement toward digital, contactless transactions taking center stage. But what can we expect out of the banktech and payments industries in 2021? FinLedger talked to a few industry insiders to get their thoughts. Steve Smith, CEO of Finicity. As the country looks toContinue reading “#BankTech #PayTech / Banktech and Payments: What to expect in 2021”

#PayTech #FinTech / Nine Payment And Fintech Predictions For 2021

[1] Payments go remote … Once a business and their customers have grasped the convenience and speed of sending and receiving money and taking orders remotely, we will see a continued growth of app based money exchange. This will occur both between people and from customers to businesses. [2] SMEs come back into fashion AsContinue reading “#PayTech #FinTech / Nine Payment And Fintech Predictions For 2021”

#BankTech #FinTech / The Winners And Losers In Fintech And Banking In 2020

The Winners1) Stripe… is a fintech winner for 2020. It continues to innovate and recently announced the launch of Stripe Treasury which will: “Enable platforms like Shopify to offer merchants access to financial products. Platforms can offer users interest-earning accounts eligible for FDIC insurance and enable customers to have near-instant access to revenue earned throughContinue reading “#BankTech #FinTech / The Winners And Losers In Fintech And Banking In 2020”

#BankTech #FinTech / Top 5 Banking And Fintech Trends For 2021

Key takeaways from the article in Forbes: Changes (or disruptions) to the value chain have certainly been in the works for a while now, but 2021 is going to shine a much brighter spotlight on those activities—making 2021 the year of value chain disruption in banking and fintech. #1: The Battle For Small Business MovesContinue reading “#BankTech #FinTech / Top 5 Banking And Fintech Trends For 2021”

#FinTech / It is Almost Becoming a Flood: Fintech Companies Want to Become Banks

First, we had Varo. Then came Square. More recently SoFi, then Figure, now Oportun is joining the party. Let’s not forget LendingClub who are going the acquisition route and Jiko have done the same. Robinhood have toyed with the idea and Revolut is thinking about it. All these fintech companies want to become fully regulatedContinue reading “#FinTech / It is Almost Becoming a Flood: Fintech Companies Want to Become Banks”

#FinTech #Investment / With an eye on fintechs, a16z raises $4.5 billion across two funds

A16z – also known as Andreessen Horowtiz – announced today the close of two massive new funds, part of which will go toward backing financial services companies. The firm has raised $1.3 billion in an early-stage fund, called “Fund VII,” to invest in financial services technology, consumer and enterprise startups. It also has raised $3.2Continue reading “#FinTech #Investment / With an eye on fintechs, a16z raises $4.5 billion across two funds”

#FinTech / Three UK fintechs raise over $100m in funding this month

Three of the UK’s major fintech start-up players – Starling Bank, Curve and GoCardless – are all raising rounds in excess of $100 million this month. Starling Bank is raising the most, at £200 million ($263 million). According to an exclusive TechCrunch report, the challenger bank has hired independent financial advisory group Rothschild. Anne Boden,Continue reading “#FinTech / Three UK fintechs raise over $100m in funding this month”

#FinTech / Revolut set to hire a CCO to lead new division amid profitability push

A job advert on LinkedIn reveals Revolut is looking for a new CCO to sell “platform services” to medium and large retail merchants; a marked shift from its existing model. According to insiders, hiring a CCO to target merchants forms part of Revolut’s plan to grow a full-stack financial platform, where retailers such as AmazonContinue reading “#FinTech / Revolut set to hire a CCO to lead new division amid profitability push”