Category: Fintech

Fintech startups raised $34B in 2019
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Fintech startups raised $34B in 2019

Financial services startups raised less money in 2019 than they did in 2018 as VC firms looked to back late stage firms and focused on developing markets, a new report has revealed. According to research firm CB Insights’ annual report published this week, fintech startups across the world raised $33.9 billion* in total last year…

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Recommendations for fintech startups navigating the procurement process
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Recommendations for fintech startups navigating the procurement process

Marc Gilman is general counsel and VP of compliance at Theta Lake. He is also an adjunct professor at Fordham University School of Law. More posts by this contributor The expanding scope of fintech has been well documented in these digital pages. Payments, investing, financial planning and lending often spring to mind as “classic” fintech…

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Here’s why so many fintech startups are loaning to small businesses
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Here’s why so many fintech startups are loaning to small businesses

Everyone wants to lend to small businesses, as the fintech boom continues to bring constituent players closer together in feature-terms. Thinking broadly, the rising focus on small-business lending amongst B2B fintech and finservices companies feels directionally similar to the rise of consumer-oriented fintech startups adding banking-like features last year. This week, several stories underscored the…

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Fintech’s next decade will look radically different
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Fintech’s next decade will look radically different

The birth and growth of financial technology developed mostly over the last ten years. So as we look ahead, what does the next decade have in store? I believe we’re starting to see early signs: in the next ten years, fintech will become portable and ubiquitous as it moves to the background and centralizes into…

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Brazil’s new fintech startup Cora raised $10 million on the strength of its founding team
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Brazil’s new fintech startup Cora raised $10 million on the strength of its founding team

It didn’t take much for the founders of Cora, Brazil’s newest startup to tackle some aspect of the broken financial services industry in the country, to raise their first $10 million. Igor Senra and Leo Mendes had worked together before — founding their first online payments company, MOIP, in 2005. That company sold to WireCard…

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Argentine fintech Ualá raises $150M led by Tencent and SoftBank
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Argentine fintech Ualá raises $150M led by Tencent and SoftBank

Ualá, an Argentine personal finance management app, has raised a $150 million Series C led by Tencent and SoftBank’s Latin America-focused Innovation Fund. Ualá is a mobile banking app and lending platform with services similar to Revolut, Monzo and Nubank. However Ualá has no intention of actually becoming a bank itself.  Founder and CEO Pierpaolo…

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Fintech decacorn Nubank raises $400m led by TCV
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Fintech decacorn Nubank raises $400m led by TCV

Another day, another mega round for a fintech startup. And this one is mega-mega. Brazil-based Nubank, which offers a suite of banking and financial services for Brazilian consumers, announced today that it has raised a $400 million Series F round of venture capital led by Woody Marshall of TCV. The growth-stage fund is best known…

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