Post Tagged with: "Unicorns"

$1 billion raise by SoFi heats up the ‘Uber of marketplace lending’ battle

by October 2, 2015 at 12:26 am 0 comments

Although the Uber of Banking tag does not make sense, narrow it to marketplace lending and the tag is certainly appropriate. The reason is simply network effects. Banking as a whole is a service business not a network-effects business. My decision to use bank x rather than bank y doesRead More

Banks can buy the FinTechs — it is the BigTechs they have to worry about

by September 23, 2015 at 12:46 am 0 comments

That is a common Banker refrain at conferences. When the BigTechs (Google, Apple, Facebook, Alibaba etc) move into financial services it will no longer be a David vs Goliath story. It will be Goliath vs Goliath story. It will be BigBanks vs BigTechs. We covered some of the BigTech moveRead More

This Quiet Public Fintech Co. Is Valued 2x More Than Lending Club

by March 12, 2015 at 2:22 am 1 comment

Fiserv is one of those quiet success stories that is common to B2B ventures that dominate niche markets; they don’t need to tell their story to consumers. The difference is that the niche which Fiserv dominates is very, very big. Fiserv is part of the Emergent Fintech Public Index. InRead More

Unicorns, Risk & Antifragility

by March 3, 2015 at 2:11 am 0 comments

Unicorn hunting does not mean that you love risk. Nobody sensible loves risk. Risk is to be avoided if possible or managed if it is unavoidable. I love powder snow skiing. That means that I take some risk with avalanches. I don’t love the risk of avalanches. It is simply a risk that I have…Read more Unicorns, Risk & Antifragility

5 FinTech Startups Worth $1 Billion or More

5 FinTech Startups Worth $1 Billion or More

by February 16, 2015 at 10:32 am 3 comments

Five fintech startups are now in the billion-dollar club — meaning they are valued at more than $1 billion. Here are the billion-dollar fintech companies and their last valuations, according to data recently released by Dow Jones VentureSource (in $millions):  Rank Startup Current Valuation Raised to Date 1 Square $6,000 $495Read More

Fintech Profile: Green Dot, the Underbanked & Bankers’ Worst Nightmare – Walmart

by February 16, 2015 at 12:40 am 0 comments

An eon ago (about 10 years ago, which is officially an eon in tech) I asked a Retail Banker in America what his worst nightmare was. This was when Fintech was only a gleam in the eye of a few visionaries, and the financial system was in rude good healthRead More

2015 is when Fintech ventures spend big on consumer marketing to cross the chasm

by February 11, 2015 at 3:01 am 2 comments

This post was triggered by seeing the CEO of Motif on CNBC. Motifs were discussed as if they were a mainstream investing tool -which of course they are not – yet. The Motif PR team did good. This was a big step towards the mainstream. Then I recalled big adsRead More

Credit Karma Free Credit Data – Like Going To Car Dealers Knowing What They Know

by February 2, 2015 at 3:02 am 1 comment

Credit Karma caught my eye because they are on the WSJ Billion Dollar StartUp List. This led me to ask “how many real Fintech Unicorns are in the Billion Dollar Startup Club”. It is a short list with Square, Stripe, Lending Club and Credit Karma. Lending Club has broken outRead More

Transferwise has its billion-dollar unicorn headline

Transferwise has its billion-dollar unicorn headline

by January 27, 2015 at 5:15 am 1 comment

I did learn a few journalist skills and habits in my year as COO of ReadWriteWeb. One was to be wary of being spun. The other was to dig below the surface. Over two months ago, on November 10th, a couple of “news” sites reported something along these lines: “Sequoia Capital, the Silicon Valley venture…Read more Transferwise has their $ billion fintech unicorn headline two months after the teaser headline

In Paytm, India Has Its First Fintech Unicorn

In Paytm, India Has Its First Fintech Unicorn

by January 14, 2015 at 2:43 am 1 comment

This story took me by surprise. Only a few days ago I had reviewed Fintech in India and missed Paytm. The news: “Paytm parent One97 raising $635M from Alibaba Group, SAIF; valued just over $2B” VC Circle (which tracks startups in India) has the details. On my strict definition, PaytmRead More