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VC Fintech Funding Shrinks in 2016, Especially for Early-Stage

Bank Innovation

Venture capital-backed fintech companies in the U.S. Fintechs raised $5.5 billion (and 459 deals) in 2015 – a 29% drop, according to the Global Fintech Read More. Venture capitalists were not buying it last year. saw a drop in both deals and funding volume last year. billion across 422 deals, compared to $7.7

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Why Mexico’s SMBs Need A FinTech Operating System And Not Another Bank

PYMNTS

In an interview with Karen Webster, Vilash Poovala , founder and CEO of FinTech Oyster , said online financial platforms, powered by open banking, can serve as alternatives for business banking in a country where business banking seems an afterthought. The world needs a FinTech operating system.”.

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2016 Innovators to Watch: 44 Executives Shaping the Future of Banking

Bank Innovation

Some of the shine seems to have come off fintech innovation in 2016. Startup valuations are dropping; once abundant venture capital is growing scarcer; marketplace lending has gotten bruised — even the self-proclaimed capital of fintech, London, faces an uncertain future with Brexit.

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Payments 2016: The Year Of Capitulation

PYMNTS

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of Capitulation . The year 2016 was the year of capitulation by FinTechs to the traditional banking industry.

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India Closes 2016 On Top

PYMNTS

FinTech is no stranger to this pattern, and while venture capital levels have seemed to dwindled in certain markets (analysts found VC funding down by 29 percent in 2016 compared to last year), B2B startups remain the apple of many investors’ eyes. India saw a particularly lucrative year. Supply Chain Management.

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DEMOvation Finalists for Bank Innovation 2016 Announced

Bank Innovation

After a difficult deliberation, 10 early-stage fintech companies were selected by a team of judges to compete in this year’s DEMOvation Challenge, to take place in Seattle on March 1. Many applied, few were chosen.

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Naspers Earmarks $1B For Indian FinTech Investments

PYMNTS

Tencent also operates WeChat, the wildly popular messaging app. At the time Naspers said proceeds would go toward growth opportunities in global classified, online food delivery and FinTech. The FinTech market is attractive to investors because the financial industry has long been in need of disruptions. percent from 33.2

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