Fintech

“When you’re not working, what do you do to de-stress?” was the last question Greg Becker, CEO of Silicon Valley Bank (SVB)*, took at an investor conference on Tuesday last week. “Cycling is my advice,” he replied. Three days later he was on his bike as his bank went into receivership.  You’ve probably seen a…

I just picked up a long and fascinating article on TechCrunch this week. Unfortunately it’s behind a paywall, but they interview seven leading VC investors in FinTech and asked a whole variety of questions: Many people are calling this a downturn. How has your investment thesis changed over the last year? Are you still closing…

The fintech bloodbath continues as three really interesting articles came across my desk last week (we discussed them on Fintech Uncut in case you missed it). The first, from Reuters, talked about the valuation of Stripe, my favourite FinTech. Why are they my favourite? Because they expanded massively from a new entrant in 2011 to…

Over the years, I’ve learned a lot about money. I’ve learned about its creation, usage and operation. I’ve learned that it wasn’t invented to replace bartering. I’ve learned a lot. Here’s a few facts about money … The Barter Economy was a myth We believe that money replaced bartering with each other, but that’s just…

I’ve said that my old bank is deficient for some time. Specifically, no alerts of transactions so I have to open the app to see when something is paid; no detail of transactions, just something like ABC CORP TX 3201984 on my statement; zero detail about where I’m spending money, just a date and a…

I blogged the other day about a decade of FinTech failures, but FinTech is not failing, it’s flourishing as demonstrated by the numbers. For example I took note of Innovate Finance’s analysis of FinTech 2022 a month ago. The key headlines are: The total capital invested into FinTech globally reached $92 billion in 2022, a…

Isn’t the message of the start-up world to fail fast and pivot? Grant Easterbrook, a fintech consultant and former founder of Go Forward, writes on Techcrunch about four areas of FinTech that didn’t live up to the hype and, in his words, failed. I was intrigued by this, as I don’t think any part of…

I got this excellent update from FT Partners and felt compelled to share. What it should make you realise is that African Nations are leap-frogging the world. Enjoy! Executive Summary: FinTech is rapidly spreading into Africa. As mobile proliferation and internet penetration continue to accelerate, financial services in many African markets are bypassing traditional banking…

Just when you thought Fintech Uncut (FU for short) was quiet, we are back and louder than ever. Here’s to a 2023 of FU! There was a lot of angst this week, due to toxic cultures, relationships and losses – sadly just another week in Fintech and Financial Services … Here are the links to…

I recently hosted a roundtable dinner about the role of cloud computing in banking. One of the attendees, Tim Skeet, kindly sent me his thoughts about this afterwards and has given permission to share this with you. How could I resist?   How Cloudy is the FinTech Future? The history of banking and tech has…