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Fintechs could see $100 billion of liquidity in 2021

TechCrunch

For the fourth straight year, the publicly traded fintechs massively outperformed the incumbent financial services providers as well as every mainstream stock index. For the fourth straight year, the publicly traded fintechs massively outperformed the incumbent financial services providers as well as every mainstream stock index.

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Israeli fintech Personetics raises $85M for tools to help incumbents personalize banking services to compete with neobanks

TechCrunch

Today a startup that is building tools to help incumbent address this challenge is announcing a round of funding on the back of a lot of demand for its services. It has also been on a fundraising run, with this round adding up to $160 million raised since the start of 2021. That’s a common thing.”

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Fintech outperformed the market in 2021, and it’s set to do even better

TechCrunch

Fintechs could see $100 billion of liquidity in 2021. Fintech tailwinds, strengthened by the COVID-19 pandemic in 2020, only accelerated in 2021. Despite a roughly 30% draw-down in the last months of 2021, the Matrix Fintech Index continued to beat the broader market as well as incumbent financial service companies.

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Monzo Makes Money Work For Everyone

Y Combinator

But the company will end 2021 with revenues close to 2x its pre-pandemic peak, in spite of continued low interest rates, reduced travel, and depressed pandemic spending. Monzo’s culture of customer obsession allowed it to use the crisis to thoughtfully build a beloved consumer and SMB product that has changed personal finance in the UK.

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Keyway secures funding to buy property from small business owners and lease it back to them

TechCrunch

Keyway , a startup that buys property from small and medium-sized business owners and then leases it back to them, has secured $70 million in debt financing on the heels of a $15 million equity raise. And 20% of transactions fall through because the buyer didn’t have guaranteed financing.” commercial real estate value.

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Fintech Roundup: Goldman Sachs buys another startup, Fast hits a speed bump and BaaS gets hotter

TechCrunch

billion in an all-stock deal that was a reflection of its continued push into consumer finance. It also noted that Goldman’s intent to buy NextCapital “follows several moves by multiline incumbents (e.g. TechCrunch last reported on Fast in January of 2021, when the startup raised a $102 million Series B financing led by Stripe.

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Spend management platform Teampay expands partnership with Mastercard, raises $47M

TechCrunch

Today, Teampay has hundreds of customers and significant venture capital financing behind it. “Enterprises crave control and visibility over the finances, and this not only helps the IT department, but [also] enables all departments to make better aligned business decisions,” he added. billion in 2021. This year, $1.6