Where do VCs stand on fintech investments today? – Tear sheets
Join us for a day full of critical insights, invaluable discussions and personal networking opportunities at the Tearsheets Power of Payments conference at September 15, Current, Chelsea Piers, NYC.
4 questions with VCs about fintech investments – where they stand and what is attractive
In today’s bear market – where fintech funding is drying up like talk of a “bubble bursting” loom – VCs are sitting on dry powder. However, that is not to say that investors do not have their eyes open for the next big deal.
So, what are VCs thinking, and who’s got their attention?
Tearsheet reporter Subboh Jaffery sat down with Ruth Foxe Blader, partner at Anthemis Group, and Adam Hallquist, principal at FTV Capital, to learn more about where VCs stand in today’s market.
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Just look at the charts
1. Development of digital payments since 2000
2. Most popular mobile wallets in the world this year
Today’s stories
FIS targets central banks with real-time payments and CBDC technology
Fintech giant FIS has launched an infrastructure offering to help central banks transition to real-time payments and CBDCs. RealNet Central aims to assist central banks as they seek to transform their markets into digital-first, real-time payment economies – both domestically and internationally. (Finextra)
Five months after a $55 million Series B, Argyle is downsizing
Argyle, a fintech that wants to help businesses and institutions access employment records, has laid off several employees across all departments – letting go 6.5% of its team, which equates to 20 people. (TechCrunch)
Highnote, GiveCard introduces debit card to facilitate direct giving for US nonprofits
GiveCard, a nonprofit that uses fintech to provide direct giving to vulnerable communities, has partnered with Highnote to launch a new prepaid debit card program. This enables shelters, non-profits and governments to scale cash transfer programs and serve the needs of the target community. (Crowdfund Insider)
Fear of failure can harm innovation in banking
Financial institution management must reduce the fear of failure that holds employees back from taking risks and using creativity to innovate at speed and scale. Leading organizations encourage iterative innovation that can result in creative disruption. (The Financial Brand)
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