18 FinTech funding rounds you missed last week

18 FinTech funding rounds you missed last week

Despite coronavirus fears, the last week saw a number of FinTech companies raise money.



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The 10 Biggest Fintech Companies In America In 2022 | Forbes

It’s turning into a sobering year for fintech. After a carnival of new unicorns and mega-funding rounds in 2021, private fintech companies are now scrambling to cut costs and stretch out the funds they have to avoid needing to raise additional money at a lower valuation (known as a “down round”). Their fear is well grounded.

Still, it’s been a heck of a ride, fueled in part by the pandemic-accelerated shift towards so much shopping and banking online. In February 2020, just before Covid-19 hit the U.S, the average valuation of America’s ten biggest private fintech companies was $9 billion, and the cutoff to make the list was $3.7 billion.

For our 2022 list, those numbers have more than tripled–to an average value of $27.7 billion and a cutoff of $12 billion. Future funding rounds will show whether these record valuations reflect an about-to-burst bubble or are, perhaps, sustainable after a pause.

Read the full story on Forbes: https://www.forbes.com/sites/isabelcontreras/2022/06/07/the-10-biggest-fintech-companies-in-america-2022/?sh=54368f6b7d08

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Fintech Solutions For SME Businesses Seeking Alternative Financing | Money Mind | Funding

Fintech solutions that expand financing options for small businesses – why some SMEs are turning to peer-to-peer lending instead of traditional banks.

About the show: Money Mind tells you how to make the most of your money with tips for investors, business ideas for businessmen and analysis of the economy, companies, markets, financial products and trends.

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