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How the Pandemic Has Reshaped the Fintech Landscape
New report from McKinsey finds strong take up of banking apps, but lack of penetration beyond tech-savvy users. The Covid-19 pandemic has provided a major boost for the fintech sector, with more financial decision makers now using start-up tech companies as part of their every day lives, according to research by McKinsey. The global consultancy […]
Affirm aims for US$9bn with its initial public offering
Sources claim that fintech unicorn Affirm has set its sights on achieving a $9bn valuation in its forthcoming initial public offering (IPO). Announced at the end of November 2020 and backed by Morgan Stanley, Goldman Sachs, and Allen & Company, Affirm’s initial low-ball figure of $100m has now been eclipsed. News that its revenue had increased […]
11 Insurtechs françaises à suivre en 2021
Le secteur des Insurtechs est en plein évolution, avec de belles levées de fonds et toujours plus d’acteurs qui viennent révolutionner cette industrie. Chez PCN, nous avons la chance d’évoluer au plus près de cet écosystème et d’accompagner chaque jour celles et ceux qui font bouger les lignes de l’assurance. Pour commencer 2021, nous avons […]
Have digital banks turned the corner?
Mobile banking has come into its own under COVID-19, but fintechs must adapt to compete with the strengths of incumbent banks. Last November, Starling Bank hit headlines with the announcement it would break even for the first time. What would be a commonplace piece of financial reporting in other sectors is a rare and in […]
Expense management firm Divvy raises $165m
Divvy, an American outfit offering businesses a combination of free expense management software and corporate credit cards, has raised $165 million at a valuation of $1.6 billion. The Series D investment includes new investors Hanaco, PayPal Ventures, Whale Rock, Schonfeld, and participation from previous backers NEA, Insight Venture Partners, Acrew, and Pelion. Divvy’s centralised platform […]
Estonian fintech startup Modularbank raises €4 million for its ‘core banking suite’
Tallinn, Estonia-based fintech company Modularbank has raised €4 million to further bolster its core banking platform. The round of “late seed funding” – the company was established last year – was led by Karma Ventures and BlackFin Capital Partners, with additional support from Plug and Play Ventures, Siena Capital and angel investor Ott Kaukver (the former CTO […]
Fintech startup Oxygen raises $17M in Series A round
Digital banking startup ReliefClub, Inc., which does business as Oxygen, said today it has raised $17 million in a new round of funding. Runa Capital led the Series A round, which also included participation from S7V, 1984.vc, EFG Hermes, Rucker Park and Inventures, as well as celebrity and prominent fintech investors such as Frank Strauss, […]
The 5 Most In-Demand Skills for Data Scientists in 2021
It’s no secret that data scientists are in high demand in the IT job market. A 2019 Stack Overflow developer survey shows how just 7.9% of software developers worldwide specialize in big data and machine learning. However, if you want to be a standout data scientist, you need to expand your knowledge and stay up to date […]
Fintech in 2021: Embedded Finance, Sustainability and more
Fintech, along with the rest of the world, has had an extraordinary 2020. Major scandals have rocked the industry, but at the same we’ve marked significant advances that will help to point the way to a better future of finance. As 2020 proved, predicting the future is always a difficult proposition. But, in the spirit […]
7 Fintech-Led Covid Relief Efforts That Went Above And Beyond In 2020
Ah, December. A time of pine-scented candles, Secret Santa gift exchanges and “looking back at 2020” listicles. To state the obvious, this holiday season looks a little different than in years past. Instead of shopping for outfits that strike the right balance of professionalism and pizzazz for office holiday parties, employees are busy searching for […]