minhoe kim’s Post

According to McKinsey, revenues in the fintech industry are expected to grow almost three times faster than those in traditional banking. In such a rapidly growing space, how can founders standout in the crowd? 🎯 Enter Fintech Fast Pass--an initiative by Machinelab Ventures and IBM Cloud for Financial Services, a growth-centric hub offering unparalleled advantages without disrupting your business flow or demanding equity. 🧠 The Brains Behind the Operation: - The advisory board is a collection of industry stalwarts, thought leaders, and founders, each bringing a unique perspective that to help guide your growth. - Dr. Melissa Sassi : "Building and scaling a fintech is demanding... We’re here to help fintechs flourish. We see Fintech Fast Pass as a movement towards a more innovative, inclusive, and forward-thinking financial world." ✨ Meet Our Advisors: - Dr. Melissa Sassi (Machinelab Ventures) - Shahjahan Chaudhary (Machinelab Ventures) - Prakash Pattni (IBM Cloud for Financial Services) - Arun Aggarwal (Lloyds Banking Group) - Theodora Lau (Unconventional Ventures) - Mercedes Tunstall (Cadwalader, Wickersham, and Taft) - Dan Roselli (RevTech Labs & CFV Ventures) - Helen Yu (Tigon Advisory Corp.) - Scott Mills, APR (William Mills Agency) - Adam Mastrelli (Woodstock Fund) - Roxana Nasoi (IP3 Studio) - Alex Murphy (CMO Balance) - Samrah Kazmi (RESRG) - Neel Nathan (DD Venture) - Nathalie Schwarzkopf (Blackfin Capital Partners) - Nuno Afonso (Start Ventures) Read about the board and learn more about Fintech Fast Pass here! https://lnkd.in/dRRXiWgC

𝗧𝗵𝗲 𝗳𝗶𝗻𝘁𝗲𝗰𝗵 𝘀𝗲𝗰𝘁𝗼𝗿 𝗶𝘀 𝗴𝗿𝗼𝘄𝗶𝗻𝗴 𝗲𝘅𝗽𝗼𝗻𝗲𝗻𝘁𝗶𝗮𝗹𝗹𝘆! 𝗧𝗵𝗲 𝗴𝗹𝗼𝗯𝗮𝗹 𝗺𝗮𝗿𝗸𝗲𝘁 𝗶𝘀 𝗲𝘅𝗽𝗲𝗰𝘁𝗲𝗱 𝘁𝗼 𝗿𝗲𝗮𝗰𝗵 𝗮 𝘄𝗵𝗼𝗽𝗽𝗶𝗻𝗴 $𝟲𝟬𝟴.𝟯𝟱 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗯𝘆 𝟮𝟬𝟮𝟵. But here's the sobering truth: 𝟲𝟬% 𝗼𝗳 𝗳𝗶𝗻𝘁𝗲𝗰𝗵 𝘀𝘁𝗮𝗿𝘁𝘂𝗽𝘀 𝗳𝗮𝗶𝗹 𝘄𝗶𝘁𝗵𝗶𝗻 𝘁𝗵𝗲𝗶𝗿 𝗳𝗶𝗿𝘀𝘁 𝗳𝗼𝘂𝗿 𝘆𝗲𝗮𝗿𝘀 𝗪𝗵𝗮𝘁 𝘀𝗲𝗽𝗮𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗲 𝘄𝗶𝗻𝗻𝗲𝗿𝘀? Our blog post explains the nitty gritty of successful fintech ventures: 𝗧𝗵𝗲 𝗠𝗶𝗻𝗶𝗺𝘂𝗺 𝗩𝗶𝗮𝗯𝗹𝗲 𝗣𝗿𝗼𝗱𝘂𝗰𝘁 (𝗠𝗩𝗣) 𝗮𝗽𝗽𝗿𝗼𝗮𝗰𝗵. Learn how MVPs help validate your concept, reduce costs, and acquire users faster. Discover common pitfalls to avoid, like security concerns and unclear value propositions. Get inspired by fintech MVP success stories like Chime and Acorns. Explore the growing Asia Pacific fintech market and how to target it. 𝗥𝗲𝗮𝗱𝘆 𝘁𝗼 𝗹𝗮𝘂𝗻𝗰𝗵 𝘆𝗼𝘂𝗿 𝗻𝗲𝘅𝘁 𝗳𝗶𝗻𝘁𝗲𝗰𝗵 𝗽𝗿𝗼𝗱𝘂𝗰𝘁? Discover how Atrina Technologies Pvt Ltd be your trusted Fintech development partner! https://lnkd.in/djTidQpe #fintech #mvp #productdevelopment #Atrina #productmanagement #startup #startupproduct #startupitsolutions

FinTech funding trends in Q1/2024. The latest CB Insights Q1 2024 State of Venture Report reveals significant shifts in the FinTech sector's funding landscape. CB Insights utilises a combination of Machine Learning technology and expert analysts to systematically gather and analyse data from a wide range of public and proprietary sources. This dual method ensures comprehensive coverage of venture deals, funding amounts, and startup activity worldwide, providing a global reflection of industry trends that leaders in Financial Services can rely on for strategic planning. Key insights from the Q1/2024 report: 🔹 Global decline: FinTech funding decreased by 16% QoQ, totalling USD 7.3 bn, marking the lowest since early 2017. 🔹 Deal dynamics: There was a 15% increase in equity deal-making, indicating sustained investor interest in specific FinTech areas such as payments. 🔹 Deal size: Despite an increased number of deals, their average size diminished. 🔹 Volume of investments: There were 904 investments in FinTech startups during the period. 🔹 Sectoral focus: Companies developing broader AI solutions attracted larger funding rounds. 🔹 Top deals: Monzo led with a USD 430 mio financing, the largest of the quarter. 🔹 New unicorns: The sector saw the creation of 6 new unicorns. 🔹 Geographical activity: US startups raised USD 3.3 bn across 393 deals, while European startups raised USD 2.2 bn across 203 transactions. 🔹 YoY comparison: Funding has significantly dropped from USD 16 bn in Q1/2023 and USD 32.9 bn in Q1/2022. Strategic implications: These insights suggest a cautious but targeted investment climate in FinTech. The focus on smaller, numerous deals, particularly in innovative areas like AI and payments, highlights a strategic pivot towards technologies poised to redefine Financial Services in the longer run. The interest in AI solutions aligns with a broader digital transformation trend impacting multiple sectors at present. The trends from Q1/2024 indicate a reshaping of the financial landscape, with a move towards smaller and more strategic investments, particularly in areas underpinned by technological innovation with strong disruptive potential. This shift suggests a growing emphasis on quality over quantity in FinTech investments, showing that the sector is maturing with an increasing focus on value creation over hype. By aligning with these developments, financial and banking leaders can better position their organisations to capitalise on new collaborative opportunities and drive forward-thinking strategies in an increasingly competitive and tech-driven market. Sources: CB Insights Q1 2024 State of Venture Report and TechCrunch, April 2024. #FinTech #BankingIndustry #Funding #VentureCapital #Strategy #Innovation

FinTech funding trends in Q1/2024. The latest CB Insights Q1 2024 State of Venture Report reveals significant shifts in the FinTech sector's funding landscape. CB Insights utilises a combination of Machine Learning technology and expert analysts to systematically gather and analyse data from a wide range of public and proprietary sources. This dual method ensures comprehensive coverage of venture deals, funding amounts, and startup activity worldwide, providing a global reflection of industry trends that leaders in Financial Services can rely on for strategic planning. Key insights from the Q1/2024 report: 🔹 Global decline: FinTech funding decreased by 16% QoQ, totalling USD 7.3 bn, marking the lowest since early 2017. 🔹 Deal dynamics: There was a 15% increase in equity deal-making, indicating sustained investor interest in specific FinTech areas such as payments. 🔹 Deal size: Despite an increased number of deals, their average size diminished. 🔹 Volume of investments: There were 904 investments in FinTech startups during the period. 🔹 Sectoral focus: Companies developing broader AI solutions attracted larger funding rounds. 🔹 Top deals: Monzo led with a USD 430 mio financing, the largest of the quarter. 🔹 New unicorns: The sector saw the creation of 6 new unicorns. 🔹 Geographical activity: US startups raised USD 3.3 bn across 393 deals, while European startups raised USD 2.2 bn across 203 transactions. 🔹 YoY comparison: Funding has significantly dropped from USD 16 bn in Q1/2023 and USD 32.9 bn in Q1/2022. Strategic implications: These insights suggest a cautious but targeted investment climate in FinTech. The focus on smaller, numerous deals, particularly in innovative areas like AI and payments, highlights a strategic pivot towards technologies poised to redefine Financial Services in the longer run. The interest in AI solutions aligns with a broader digital transformation trend impacting multiple sectors at present. The trends from Q1/2024 indicate a reshaping of the financial landscape, with a move towards smaller and more strategic investments, particularly in areas underpinned by technological innovation with strong disruptive potential. This shift suggests a growing emphasis on quality over quantity in FinTech investments, showing that the sector is maturing with an increasing focus on value creation over hype. By aligning with these developments, financial and banking leaders can better position their organisations to capitalise on new collaborative opportunities and drive forward-thinking strategies in an increasingly competitive and tech-driven market. Sources: CB Insights Q1 2024 State of Venture Report and TechCrunch, April 2024. #FinTech #BankingIndustry #Funding #VentureCapital #Strategy #Innovation

Global VC flows into fintech companies dropped by 46% in the first nine months of 2023 compared to the same period in 2022. However, the regional variations are stark. Latin America experienced the sharpest decline with a 72% drop in fintech VC investments. While APAC showed resilience, raising $1.9 billion in fintech VC funding in Q3 2023, nearly flat compared to the previous year.    Analysis by FinTechNews Singapore, referencing S&P Global Market Intelligence, November 2023, found that larger rounds were likely secured that targeted more mature ventures. The analysis looks at some of the startups in question.     Read more: https://lnkd.in/gp5qR-7x     Meanwhile a 2024 Partner Predictions Report from Mambu has compiled insights from 30 experts across big tech and financial services, including AWS, EY, and Deloitte.     The report forecasts the crucial trends that will shape the fintech market in 2024, including digital transformation, payments, mortgages, generative AI, embedded finance, big tech, emerging tech, and regulatory changes.    Read more: https://lnkd.in/gf8pyNiZ    

🚀#Fintech blends #finance with #technology, transforming how we handle money & transactions. #Startups in this field are reshaping traditional finance. Let's explore fintech startups & their impact. 🧐Discover more: https://lnkd.in/gy4PidjN #Scaleup #Investment #Innovation #Entrepreneurship #TechTrends #Technology #Leadership #Growth #Success #Management #Enterprise #Funding #StartupSuccess #BusinessGrowth #OpenScience #OpenAccess #Business #Startup #Startups #Entrepreneur #SME #Tech #EU #Europe #AngelInvestor #Venture #Businessman #VentureCapitalists #Crowdfunding #RAISE #InnovationCulture #FutureOfBusiness #DisruptiveTech #DigitalTransformation #SmallBiz #FounderLife #InnovationEcosystem #AngelInvesting #SeedFunding #TechStartup #BusinessStrategy #VCInvesting #StartupLife #TechInnovation #FundingRound #CorporateVenture #BusinessLeadership #StartupCulture #ScaleUpNation #EntrepreneurialMindset #InvestmentOpportunity #StartupCommunity #TechSavvy #EmergingTech #BusinessDevelopment #FounderJourney #InvestorNetwork #BusinessMentorship #StartupEcosystem #TechInvestor #ScaleUpStrategy #EntrepreneurialSpirit #InnovationHub #StartupIncubator #VCCommunity #InvestmentPortfolio #StartupAccelerator #DigitalEntrepreneur #VentureFunding #SeedCapital #GrowthMindset #TechEntrepreneur #StartupNation #InnovationStrategy #AngelNetwork #VentureCapitalFirm #Fintech #TechInnovationHub #BusinessNetworking #StartupAdvice #USA #InvestmentCapital #AngelInvestment #StartUpVenture #TechInvestment #BusinessIncubator #InvestorRelations #BusinessInsights EBAN - European Business Angel Network EURADA - European Association of Development Agencies SERN - Startup Europe Regions Network International Consortium of Research Staff Associations (ICoRSA)

Want to build a successful Fintech startup? Learn from the best! Discover the tips and tricks that drive innovation and growth in the financial industry. #Fintech #Startup #Innovation https://bit.ly/3yqpPDJ

Fintech Funding Surges This Week: 10 Deals in 3 Days https://lnkd.in/gtcSYfwc We are only three days into this week, and we’ve already seen a huge wave of fintech funding announcements come in. In fact, there have been not one, not three, not five, but 10 fintech companies that have secured substantial funding rounds this week. This surge signals a promising comeback, hinting at a possible resurgence of venture funding in the fintech sector for 2024. Here’s a look at the funding announcements so far this week. Financial software and technology provider Computer Services, Inc. (CSI) landed a strategic investment from private equity firm TIA. The amount of this week’s round was undisclosed. Asset and wealth management software specialist Zilo raised $31.8 million (£25 million) in Series A funding. The round was co-led by Fidelity International Strategic Ventures and Portage. Unbox, a value exchange network, closed $13.2 million (€12 million) in a funding round led by HSBC. Unbox will use the majority of the funds to fuel talent recruitment. Investment portfolio company Allied Payment Network received additional strategic investment from growth capital firm RF Investment Partners. The amount of this week’s round was undisclosed. B2B subscription commerce platform AppDirect secured an additional $100 million investment from global investment group CDPQ. The funds will be used to support financing options for technology advisors through the company’s AppDirect Capital Invest program.  Maalexi, a risk management platform assuring payment and performance for small agri-businesses in cross border trade, raised $3 million in a round led by Global Ventures. Singapore-based BNPL firm Atome raised $31 million from parent company Advance Intelligence Group. Digital asset custodian Finoa brought in a $15 million investment led by Maven 11 Capital and Balderton Capital. The company’s valuation remains flat at $100 million. Brazil-based Conta Simples brought in $41.5 million (R$200,000,000) for its expense management technology. The company will use the funds to grow its team and expand its client base. Africa-based fintech Cleva raised $1.5 million in pre-seed funding for its technology that enables African users to receive USD payments. Overall, the 10 rounds add up to more than $237 million. This might not seem like a lot when compared to 2021 funding levels. However, it is impressive when juxtaposed against last year’s first quarter funding numbers. When looking at the funding raised by Finovate alumni, we found that 13 companies raised a total of $453 million in the first quarter of 2023. Considering this benchmark, fintechs are off to a good start in 2024. But don’t get too excited. This week’s brisk pace of fintech funding may not be completely indicative of a comeback. The ten rounds in three days can likely be attributed to the buildup of deals that were almost complete in the...

Daily research from FinTech Global Irish FinTech deal activity drops for the fifth consecutive year in 2023 In 2023, Irish FinTech companies experienced a significant downturn, raising a total of $115m, marking an 83% decrease from the previous year. This decline was mirrored in deal activity, with only 29 funding rounds recorded, representing a 19% drop year-on-year. According to the Irish Venture Capital Association Investment in Irish SMEs reached a record €1.35bn in 2023, but fell by 16% in the last quarter compared to the previous year. This indicates that FinTech is performing worse than the general market in Ireland during 2023 for funding. NomuPay, a unified payment platform, had the largest Irish FinTech deal in 2023 after raising $53.6m in their latest Series A funding round, led by Finch Capital and Outpost Ventures. NomuPay’s growth journey is experiencing a remarkable boost due to this substantial investment. The company has made significant strides, successfully onboarding new clients since Q4 2022, and is actively expanding its presence in key markets. Moreover, NomuPay continuously extends its uP Platform to include new markets while allocating resources to product development, aiming to further enhance its offerings. Peter Burridge, former head of operations payouts at PayPal and CEO of NomuPay, says “Every growing international enterprise knows the problem of ‘multiples’, when it comes to payments. There are multiple countries, multiple payment types, different payment use cases in each nation, a variety of channels, and an endless list of changing regulations. As a result, expansion slows down. Companies have to maintain countless technical integrations and vendor relationships, while reconciling global payments. “In the face of continued technological, market, method and data fragmentation, we provide companies with an ‘all access pass’ to global payments’, enabling enterprises to continue to expand globally, and to future-proof payment strategies.” PayTech was the most active Irish FinTech subsector in 2023 with four deals, a 14% share of all transactions. Online payments continue to grow in popularity in Ireland. Total transaction value is expected to show an annual growth rate (CAGR 2023-2027) of 12.8% resulting in $29.06bn by 2027. Total transaction value in the Digital Payments market is projected to reach US$17.95bn in 2023.

Startups in the financial technology sector face the challenge of delivering innovative solutions quickly while managing limited resources. In this landscape, many fintech startups are turning to fintech development outsourcing in Colombia to accelerate their journey from concept to launch, even when operating on a budget. Let's explore why Colombia has become a go-to destination for fintech outsourcing and how it enables startups to thrive in a competitive market.