Todd B.’s Post

🚨 Fintech funding has dipped to a new four-year low with only $7.3bn invested in Q1 2024, says the latest State of Venture report from CB Insights. 🇺🇸 US-based fintechs lead the way in funding, followed by Europe and Asia. While the rest of the world has only received 12% of the total amount funded into fintech this year, we believe there is still potential for growth and innovation in these underfunded regions. Investors like Polychain Capital, Cogitent Ventures and Big Brain Holdings are leading the way, but OKX TR Ventures have sealed 21 deals this year alone. 🤔 What do you think about the current state of fintech funding? https://lnkd.in/e9E9sJfJ

Are you curious about the future of FinTech? Wondering whether co-investing in high-growth enterprises is the innovative approach to take next? Our latest article is just the read for you. We take a deep dive into the exciting world of FinTech, and feature insights from Saturn Investors, a innovate startup based in London, England, focused on assisting investors to directly co-invest in high-growth enterprises. Saturn Investors is leading the charge in this unique co-investment initiative, aiming to leave the world a better place through collaborative investment efforts. Explore more by clicking the link below: https://UKT.news/?p=12162 Join the conversation! #FinTech #CoInvesting #HighGrowth #SaturnInvestors #FinancialInnovation

You're looking for an investment? This article from ScienceDirect analyzes the investment patterns of U.S. banks in fintech startups, comparing them to independent venture capitalists (IVCs). It finds that banks not only invest more in fintech ventures but also achieve higher IPO exit rates. This great performance is attributed to the banks' unique industry expertise, particularly in startups that align with their core business areas. The study highlights the evolving role of banks in the venture capital market, especially in the fintech sector, where their strategic investments complement or substitute traditional banking functions. For more follow the link: 🚀🚀🚀 https://lnkd.in/dfSV7NNX #fintech #startup #technology #software #investment #VC

VC funding of FinTech startups dropped globally by 49% year over year to US$23 billion in the first half of 2023 according to S&P Global Market Intelligence data. This data also points to a continued drop in the deal count, with FinTech funding rounds in H1 2023 coming in at 1,178, a 64% drop from H1 2022. https://lnkd.in/eUiGWMSv.

#FinTech has revolutionized the financial industry and presents incredible benefits for individuals, businesses, and the economy as a whole. Startups in this area have significantly increased accessibility to financial services, especially for underserved or unbanked populations – something we have seen a great deal with FinTech startups serving #latinamerica. Because of its transformative impact, Fintech has been a hot spot for #venturecapital despite the downturn of the last couple of years. This article addresses the state of Fintechs globally and the concerns as to the regulatory issues applicable to the sector specially for foreign Fintechs, which may directly or indirectly have contact with the United States. Specifically, the article points out to the far-reaching arms of American and European jurisdictions in enforcing their laws and regulations even beyond borders. Thus, this topic deserves special attention from both investors and #startups. #venturecapital #mergerandacquisitions #latam #fintech #neobanks André Thiollier

The financial technology industry has revolutionized how we manage our finances, making transactions seamless and investments more convenient than ever. Yet, pain points often emerge amidst this digital transformation, hindering the seamless experience. Identifying and solving these pain points is crucial for businesses to ensure that fintech remains at the forefront of customer satisfaction. In discussing the pain points experienced by most fintech startups, some may not even recognize them as problems, which I refer to as the "unknown unknown". I will also explain how RS addresses these pain points with the aid of our cutting-edge technology—smart contracts—and optimized sales strategy—investment platforms—to ensure financial inclusion. Together, we will unravel the pain points from financing to brooding security issues and discover the inquiring solutions. So, let’s take a more detailed look at them and their real-life implications: 1. Financing: Securing adequate funding is a common challenge for startups, but it’s even more tangible for the fintech industry. Since heated competition shapes the market amidst growing customers’ needs and requirements, securing proper financing becomes challenging. Traditional investors hesitate to fund fintech startups due to perceived higher risk compared to more established financial institutions. It’s a stepping stone since startups typically lack a track record or tangible assets that traditional lenders traditionally considered collateral. The fintech industry’s inherent uncertainty and innovation-driven nature make it harder to predict returns on investment, which can deter potential funders. Solution: Smart Contract-Based Crowdfunding Platforms "Stay tuned for my next post where I'll dive into the full details of how our smart contract-based crowdfunding platform is transforming fintech startup funding! Let's redefine success together! #ReviveSales #TechInnovation #SalesStrategies #FintechInnovation #StartupFunding"

The ingredients of a thriving fintech hub — essentially, a geographic area with a concentration of resources for founders that seek to start a fintech company and see it flourish — include access to venture capital funding, the presence of incubators and accelerators, universities with relevant programming drawing a steady stream of potential talent, and state or local regulation that is friendly to innovation. Banks are also a key component, as investors in, beta testers of, or buyers of these technologies.

Fintech funding got off to a rocky start this year! According to CB Insights, #Fintech funding took a nosedive, plummeting 16%, reaching its lowest point since 2017 at $7.3 billion globally. Despite a 15% increase in the number of deals, the average deal size decreased. In light of these challenges, fintech startups must seize this opportunity to #innovate boldly and collaborate strategically. By harnessing the power of #technology and forging strong partnerships, they can overcome obstacles and drive #growth in the ever-evolving financial landscape. Now is the time to take decisive action and position oneself for success in the future of finance. This article from TechCrunch discusses the state of #funding in the fintech sector during the first quarter of 2024. Read the article to gain insights into the current state of the fintech sector and its funding landscape. https://lnkd.in/ewcAfQDk #MakingFinTechMobile #Fintech #Finance #Money #Mobilebanking #Financialinclusion #Fintechinnovation #Futureoffinance

Check out the key deals, funding rounds, milestones, and changes in the global fintech landscape, curated by our team. 𝐊𝐞𝐲 𝐞𝐯𝐞𝐧𝐭𝐬 𝐟𝐨𝐫 May 27- June 2. NORTH AMERICA Frich Money, a financial wellness app, has secured $2.8m in a seed funding round led by Restive Ventures. EUROPE Doconomy, an impact FinTech, raised $37m in Series B funding, led by UBS Next and CommerzVentures. Klarna, BNPL, returned to profitability with an operating income of €21.6m for the first quarter of 2024. FintechOS, a product management platform for financial services providers, has raised a $60m Series B extension. Molten Ventures, Cipio Partners, and BlackRock led the deal. Cloover, a climate and FinTech startup, raised $114m in a seed funding round led by Lowercarbon Capital. Swiipr , an airline payments platform for flight delay, compensation, and operational payments, raised $7.6m in a Series A funding round led by Octopus Ventures. ZTLment, a decentralized money transfer startup, raised €2.4m in pre-seed funding from investors, including PreSeed Ventures, Upfin.vc and Giant Ventures. Landytech, an investment management platform, has secured a $5m corporate debt facility from CIBC Innovation Banking. APAC Marketnode digital financial market infrastructure firm, has closed a Series A round led by HSBC, with additional backing from co-founder Temasek. BharatX, a Y-Combinator-backed BNPL fintech startup, has acquired Zenifi, a healthcare finance startup that offers zero-cost and low-cost EMIs. AFRICA Mastercard and the African Development Bank Group launched the Mobilizing Access to the Digital Economy (MADE) Alliance Africa to extend digital access to critical services to 100 million African individuals and businesses over the next 10 years. #fintech #fintechweekly

Fintech Capital Explodes in Canada as Montreal Firms Draw Huge Investments: Venture capital appears to be booming in Canada’s financial technology sector. But, digging deeper, one discovers that the impressive success is not evenly distributed industry-wide. A record US$7.8 billion was invested in Canadian fintechs in the first six months of 2024, according to data from Pitchbook, a figure which is up dramatically over last year’s […] The post Fintech Capital Explodes in Canada as Montreal Firms Draw Huge Investments appeared first on Fintech.ca. --- Fintech Capital Explodes in Canada as Montreal Firms Draw Huge Investments was first posted on August 8, 2024 at 8:00 am. ©2022 "Fintech.ca". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at rob@kitsilano.ca