KPMG reports that fintech investment in Asia was $3.85bn in 2017, a significant drop from the more than $10bn invested in 2016; China was the biggest reason for the drop as the country saw only $1.3bn of investment in 2017; “Increasing government controls and regulations over fintech in China have kept many investors on the bench during 2017,” the report explained; one optimistic data point was corporate investment jumped in Q4 to 31 percent of overall deals. Source.
So-called iBuyers purchased a total of 70,402 homes in 2021, more than doubling the number purchased in 2019, according to a report from Zillow released on Tuesday.
Digital isn't the only solution to serving the unbanked. One key is to not treat this challenging 'segment' as a segment at all.
Global Processing Services, an API-based payment processor powering some of the world's largest fintechs, including Revolut, Curve, Starling Bank and Zilch, raised a monster $300 million fundraise led by Advent International and Viking Global Investors, according to a press release.
Back in June, Plaid CEO Zachary Perret asked simply, "What do you think financial services will be like in 2030?"
StatPro acquired UBS' Delta platform for EUR 13 million ($13.7 million); news of the deal caused shares in the AIM listed StatPro to jump 10%; the deal will help StatPro to reach scale in terms of revenue and clients according to StatPro's CEO Justin Wheatley; the transaction shows that not only banks are able to acquire or partner with fintech firms, but fintech firms can look to acquire parts of a bank as well; in an interview with Business Insider Wheatley explained, "Acquisitions are part of our strategy, however in the short term this is a very big deal for StatPro — it adds 40% to our revenues — I think we'll be digesting this lump for a little while before we carry on but I certainly wouldn't rule out any more deals later on." Source
But expecting banks or other financial institutions to develop such data capabilities on their own isn’t realistic or scalable, according to Aquaoso’s Peacock. Historically, climate data has been fragmented, and the technology has evolved significantly over the last few years, making it...
Digital banking startup Chime is looking to ride the wave of challenger banking and provide customers with a better experience...
There are 4,600 banks in the U.S. with $1bn or less in assets which accounts for 6.6 percent of all...
Addi has targeted the Colombian and Brazilian credit market with their BNPL product. CEO Santiago Suarez says insights make the difference.