We look at why venture capital investors are slowing down, and the dynamics of how their portfolios work under duress. We talk about the incentives of limited partners to derisk exposure, the implication that has on cash reserves, new deals, and fundraising. We also touch on how the various Fintech themes are responding to an increase in digital interaction while seeing fundamental economic challenges. Shrewd competitors will be able to consolidate their positions and gain share during the crisis, but that will have to come from the balance sheet, not intermittent growth equity checks.
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Fintech Nexus talked to three fintech experts about trends, among them, exits, stablecoins and AI. Financial services is having a...
This week, we look at:
Chime, eToro, and Wise targeting the public markets through IPO and SPACs, and their operating performance
The overall growth in fintech mobile apps, their install rates and market penetration (from 2.5 to 3.5 per person), and whether that growth is sustainable
The implications for incumbents from this competition, and in particular the impact on money in motion vs. money at rest
Broader financial product penetration and an anchoring in how the technology industry was able to get more attention that we had to give
Fintech app Fresh EBT provides food stamp recipients the ability to check their balances in the app; they are becoming...
Chime currently has 8 million customers and half of them leverage Chime for direct deposit; in 2018 Chime reported 1...
The company has raised a $200 million Series D round which was led by DST Global; new investors include Coatue,...
Forbes partnered with market research firm Statista to measure the best banks in more than 20 countries by surveying more...
American Banker reports that digital banking startup Chime is close to raising $300mn in fresh capital; DST Global is said...
According to CB Insights challenger banks are the fastest growing fintech segment in the world; U.S. based Chime has been...
Leading digital bank Chime has launched an innovative new credit card called Credit Builder; surveys have shown that most millennials...