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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. If one measures success for digital currencies in buzz — and in price appreciation for many of the marquee names — then 2020 stands out as a banner year. Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher.

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Paytronix Picks Payments Industry Veteran Porter For Board

PYMNTS

Porter nabbed the 2016 EY Entrepreneur of the Year Award in the Financial Technology category for the Central Texas region. TA Associates acquired a majority of AffiniPay in February 2020, with Great Hill exiting its investment. Amy is an exceptional entrepreneur,” said Nick Cayer, partner at Boston-based Great Hill Partners.

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Real-Time Payments Successfully Gets Through Its First Test Drive

PYMNTS

has been notably slower — four years ago the Fed began officially turning to banks, financial technology companies, businesses and consumer groups to encourage to find ways to speed payments. But the RTP systems — while running and tested a little — will not be “ubiquitous” until 2020 — a goal they describe as “ambitious.”.

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Monit Powers a “Financial Companion” for Financial Institutions to Offer Small Businesses (Fintech Startup of the Week)

Fintech Labs Insights

This week we look at Monit , a Boston-based startup innovating in our favorite sector, small biz banking. Funding : $750k per Crunchbase (as Signal Financial Technology). Related: Watch 31 Fintech Demos Named “Best of Show” at Finovate in the Past 16 Months (Sep 2020). Business model : Primarily B2B2C.

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Startup of the Week: Monit Powers a “Financial Companion” for Financial Institutions to Offer Small Businesses

Fintech Labs Insights

This week we look at Monit , a Boston-based startup innovating in our favorite sector, small biz banking. Funding : $750k per Crunchbase (as Signal Financial Technology). Co-founders: Steve Dow, CEO; Formerly Webster Bank, First Marblehead ( LinkedIn ) Sean Collins, Dev Head; Formerly founder at Cinch Financial ( Linkedin ).

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