Covid-19 is an unusual time for our generation. We will try to keep it relevant to Fintech from a news perspective and share our thoughts on what’ve been reading.
What’s making the news in Fintech
Tough times, but not so tough for Indian Fintech. Deals nearly doubled for the first half of 2020 amounting to $1.7 billion in investments.
Sifted has a new list of Fintech mafia. Employees turned founders, an interesting read.
In a bid to improve its business model, Monzo is adding fees for cash withdrawals and replacement cards.
Atom Bank cuts losses and plans to re-enter mortgage market
In case you missed it..
Stripe raised $600 million with A16Z, GV, Sequoia and General Catalyst all becoming part of the payment surge from the Covid-19 inspired online migration.
Santander launches Fintech to take on TransferWise. PagoFX launched in the U.K. on Thursday to offer services to the people who are “sensitive to price”.
Previse, a U.K. based Fintech that uses AI to speed up payments raises $11 million. The round was led by Reefknow and Mastercard.
Fintech startup Savi Solutions has closed on a $6 million Series A funding round. Savi has a proprietary tech to identify better student loan repayment options for borrowers.
German Fintech Trade Republic raises Eur 62 million. Trade Republic operates in the capital markets area, allowing its clients to invest and trade from their mobile phones.
What we’ve been reading
The good, bad and ugly of Covid-19. An intriguing read in The New Yorker on how someone will always benefit regardless of the situation.
A good short read on regulation and innovation in Fintech - Why Smart Regulation Leads to Fintech Innovation.