Y Combinator President Sam Altman knows fintech — he helped Green Dot build GoBank, after all. So when only two fintech startups made it to the stage yesterday at Day 1 of its Summer Demo Day(s) 2016, we took notice. But today 10 of the 48 demoing companies are fintech-focused,Read More
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Fintech seems to have lost some appeal at Y Combinator. Arguably Silicon Valley’s top incubator yesterday hosted Day 1 of its Summer 2016 Demo Day, and the percentage of fintech startups dropped noticably compared to its winter lot. Last March, around 10% of Y Combinator startups focused on fintech. Yesterday, only two ofRead More
Back in the days of the internet boom, it was straight up equity, then it became convertible notes. Now, the SAFE deal structure is gaining momentum as the structure of choice for certain investments in fintech startups. This after Y-Combinator, the incubator, posted details on its SAFE agreements last February. SAFE, whichRead More
Y Combinator’s Winter 2016 Demo Days just wrapped up, with 159 startups taking the stage and making their play for funding. Just under 10% of the companies — 15 to be exact — were fintech-related. This is about average for a YC incubator class, with the 26% from Summer 2015 being anRead More
Listen to this: Bankjoy, the Y Combinator alum startup, is hotly working on a banking app for Apple Watch that will rely on voice for functionality. Dick Tracy would be thrilled. Michael Duncan, the founder and CEO of Bankjoy, told us yesterday that the Apple Watch app will be doneRead More
More than 100 companies demoed at Y Combinator’s Winter Demo Day, which runs for two days and concluded yesterday. Fintech, however, was not particularly well-represented. Just nine fintech startups in all presented. Y Combinator is arguably the leading incubator in Silicon Valley, which is why fintech’s under-representation this week at DemoRead More
There are many Accelerators but Y Combinator seems to lead the pack. So when one of their Fintech graduates moves into the big time, it is big news in the little corner of the world that we call Fintech. No strike that, Fintech is pretty big and getting bigger. Financial Services is up there with […]