The evolution of fintech in Asia has been heavily influenced by the dramatic rise and subsequent decline of China’s fintech industry. At its height, Chinese fintech companies were hailed as global pioneers, blending cutting-edge technology with vast pools of untapped wealth.
READ MORELast February, Entrust — a Minneapolis-based company offering a wide range of certification and verification services for payment cards, passwords, network and website access, and device access — announced its acquisition of the London-based startup Onfido for over $400 million.
READ MORENubank (NYSE:NU), the highest valued fintech company in Latin America, boasts an impressive market value of about $60 billion. By way of comparison, the leading fintech firm in India, Paytm (NSE:PAYTM), is valued at only $3.5 billion, though India’s population (1.4 billion) is more than double that of LATAM (670 million).
READ MORE“Our acquisitions are not about getting bigger for the sake of being bigger. They are about getting stronger, adding new capabilities, and helping our clients achieve their goals” — Larry Fink, BlackRock co-founder and CEO
READ MOREHow might generative AI play out in fintech? Financial services is a highly regulated field, and we think the impact of generative AI will, in the short term, be limited largely to providing better customer service and faster onboarding.
READ MOREWith its strong manufacturing-based economy, proximity to the US, skilled workforce, and existing USMCA trade agreement, no country is better positioned to benefit from nearshoring than Mexico.
READ MORE“Are we likely to face the future where the US dollar is no longer the global reserve currency? And what can we do as American citizens to attempt to shelter ourselves from what’s beginning to look like the beginnings of de-dollarization?”
READ MOREIf you experienced flight delays and cancellations during the holiday season, you are not alone. As reported, more than 90% of US flight cancellations during the December holidays were Southwest flights — with over 15,200 total flights canceled in a week. What happened?
READ MOREHaymaker Ventures is excited to announce its investment in the €6mm pre-series A round of hi.health, a payments provider that is building a digital solution to the claims reimbursement process in Europe.
READ MOREHaymaker Ventures is excited to announce its investment in the €10mm seed round of Rosaly, an earned wage access platform that aims to be the leading provider of payroll-initiated banking services in Europe.
READ MOREHaymaker Ventures is thrilled to lead the $15m Series A in Brightflow AI, a SaaS platform that provides financial insights to small and medium-sized businesses in the D2C omnichannel commerce space. The company has also secured $100m in debt financing for small business owners from i80 Group.
READ MOREFrom June 2009 to February 2020, the US economy recorded its longest-ever business cycle expansion — 128 months, surpassing the previous record of 120 months from March 1991 to January 2001. According to NBER research, the US economy has officially entered a contraction phase, which indicates the beginning of a potential recession.
READ MORENegative headlines have dominated the market this quarter as central bank tightening reduces excess demand — and the threat of recession looms. We expect decreasing revenue multiples and declining deal counts to continue through the remainder of the year and early next year as companies utilize existing capital or internal bridge rounds to grow into high valuations from the market peak of 2021.
READ MOREMounting geopolitical turmoil over the Russian invasion of Ukraine and a deterioration of China’s relationship with the West have focused the global Eye of Sauron on the importance and interconnectedness of the world’s financial systems.
READ MOREIn five years, from 2010 to 2015, the US went through the greatest ramp-up of technology adoption in history — from 20.2% of people being connected through smartphones in 2010 to 59.4% in 2015 (by 2020 it was 72.7%).
READ MOREAbout a month ago, the Financial Times explored an interesting trend — the recent hyper- specialization of consumer fintech. As more service providers have exploded on the scene, lowering the cost of card issuance, processing, clearing and settlement, banking, underwriting, etc., it has become easier and faster to start a consumer fintech company.
READ MORE25 years after first making this claim, the world is learning that Bill Gates was correct. Fintech app downloads outperformed banks more than 10x as the pandemic continues to shake consumer finances.
READ MORE2021 UPDATE: Only a few weeks into 2021 and our Q4 2020 update must already be updated for 2021 developments: The successful IPO of fintech Affirm (co-founded by Peter’s PayPal co-founder Max Levchin) almost doubled in value to $23 billion on its debut January 13th.
READ MOREOne of our manifestos for fintech is democratizing access to financial services by lowering fees and barriers for adoption. However, despite massive investment and innovation around fintech, the US still shows the highest transaction costs for financial services among developed countries.
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