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finextra | March 24, 2020
The Covid-19 outbreak may just provide the pin that bursts the fintech bubble, according to a report by Rosenblatt Securities, which forecasts a devaluation of Unicorn businesses and tough times ahead for challenger banks, marketplace lenders and robo-advisory services. The Rosenblatt note points to a likely deterioration in fintech operating performance during a deep downturn, as funding sources evaporate and exit options change significantly. States the report: "These forces may feed off ...
finextra | March 20, 2020
More US banks are following the lead of JPMorgan Chase in restricting access to branch-based services as social distancing measures during the virus outbreak come into force. KeyCorp, Fifth Third Bancorp, BBVA USA and PNC have all announced plans to shutter branches and restrict access at many of their sites to the drive-through window only. The moves came a day after JPMorgan circulated plans to shutter a fifth of its branch network, comprising 1000 outlets, in response to the escalating Corona...
Funding
Nium | July 27, 2021
Nium, a leading worldwide B2B payments platform, today announced it has raised a US$200+ million Series D round led by Riverwood Capital – a U.S.- based high-development tech investor. Temasek, Visa, Vertex Ventures, Atinum Group of Funds, Beacon Venture Capital, Rocket Capital Investment, and other notable angel investors, including DoorDash executive, Gokul Rajaram; Chief Product Officer at FIS, Vicky Bindra; and, Co-Founder of Tribe Capital, Arjun Sethi, also contributed to the round. N...
Fintech
Burkland | March 18, 2021
Burkland, a full service fractional CFO and accounting provider for startups, today announced another dedicated Financial Technology practice team. Specifically created to address the issues and address the challenges facing Financial Technology startups, the new Fintech practice at Burkland offers a seasoned team of CFOs, Controllers and Bookkeepers. Not at all like most re-appropriated CFO and accountancy services, Burkland's new Fintech practice is the just one of its sort ...
Financial Management, Payments
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Financial Management, Fintech
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