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How $12 Billion in Fintech SPAC capital is teaching us about the economics of target unicorns

Lex Sokolin

The average size is about $300 million, and quite a few are focusing on Fintech and financial services. Here, for comparison, is similar data on venture capital funds?—?printing Let’s narrow down the story to Fintech, using data from Spactrack. That is a 100% increase in capital looking for quality fintech assets.

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How $12 Billion in Fintech SPAC capital is teaching us about the economics of target unicorns

Lex Sokolin

The average size is about $300 million, and quite a few are focusing on Fintech and financial services. Here, for comparison, is similar data on venture capital funds?—?printing Let’s narrow down the story to Fintech, using data from Spactrack. That is a 100% increase in capital looking for quality fintech assets.

Capital 52
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SMB Alt-Lending Gears Up For Another Industry Shakeup

PYMNTS

and other nations around the world as a result of the global pandemic continues to draw comparisons to the 2008 financial crisis — so it’s only natural that analysts may turn to the past in an effort to predict what could lie ahead. But that’s not to say that these FinTechs have a certain path ahead. The More Things Change.

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Singapore’s Credit Culture Snags $29 Million In Funding

PYMNTS

Singapore-based FinTech startup Credit Culture has secured $29.4 million in funding from RCE Capital Berhad, a Malaysian investment holding company, according to reports. Credit Culture, which was started by former bankers, is going to use the money to grow its operational abilities. Hong Kong, by comparison, saw $596.8

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iwoca Integrates With Funding Options, Funding Xchange

PYMNTS

based iwoca is integrating its lending platform with marketplace lenders Funding Options and Funding Xchange to accelerate and further automate access to capital for small and medium-sized businesses, while connecting borrowers to price transparency.

Lending 161
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Citi Ventures Co-Leads Even Financial’s $25M Round

PYMNTS

B2B2C FinTech company Even Financial announced that it has raised a $25 million strategic round of investment led by Citi Ventures. Existing investors American Express Ventures, Canaan Partners, F-Prime Capital, GreatPoint Ventures, and Goldman Sachs also participated.

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FinTech Is Flourishing South Of The Border

PYMNTS

The capital city is Mexico City, which alone is home to almost 9 million. The nation’s capital is also one of the world’s largest cities. Everyone is talking about FinTech,” René Lomelî, operations director for 500 Startups , told Mexico IT. Mexico’s GDP is $1,144 billion, while the current GDP per capita is $9,517.

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