The year is off to a racing start with Plaid’s monster $5.3b exit to Visa. Now tech prognosticators are peering into the crystal ball to tell us what else the new decade may bring.
Who will be right, and what will define the narrative for 2020?
Despite a fair bit of macro uncertainty, the secular tailwinds in technology continue to generate strong optimism. The four-comma club has added its fourth member this week, with Alphabet joining Apple, Amazon, and Microsoft as tech giants with market caps eclipsing $1tn.
Cellular carriers around the world have started to flip the switch on 5G, enabling "lightning-fast" downloads and a broader set of connected devices. The AI and machine learning “stack” will continue to mature, making it possible for the combination of big data and intelligent wizardry to change the game.
With an all-time high of $800m of assets under protocol across decentralized finance (DeFi) to start 2020, the crypto community has found it’s product-market fit to build upon. The digital asset sector is now poised for the next wave of innovation – scalability solutions, tokenized smart securities, and decentralized marketplaces.
So whatever the magical AI-powered, 5G-enabled, decentralized 2020 crystal ball reveals, we will be here as always to help guide our loyal readers.
Visa to Acquire Plaid - Congratulations to portfolio company Plaid on its $5.3b acquisition by Visa! This is a landmark exit for the fintech ecosystem. We've been fortunate to come along for the ride through the acquisition of former portfolio company Quovo - well done to everyone on the team. Read more
Interview with Fintech Futures: Building LatAm’s plumbing for payments - CEO of portfolio company Minka, and Fintech Collective's own, Sean Lippel, discussed the LatAm payments opportunity. Sean reflecting on the investment “Before a fintech revolution can occur, there must be infrastructure. It’s very tough to get into the deeper problems in LatAm without the infrastructure being laid." Read more
Interview with Africa Business Insight: The journey so far with Flutterwave - In the series "How We Made It In Africa" Olugbenga Agboola, CEO of portfolio company Flutterwave, discusses his optimism and opportunities within the African ecosystem. Read more
Ocrolus CEO invited on "Bank On It" podcast show - Sam Bobley, Co-founder and CEO of portfolio company Ocrolus, spoke with fintech podcast show host John Siracusa. Read more
Reonomy named in top companies to work in NYC - Built in NYC's annual list includes portfolio company Reonomy in the top 10 of the “100 Best Places to Work in NYC - 2020” list. Read more
The Information’s predictions for the next decade - The Information provides us with some wide-ranging predictions for what a world full of nearly 50-year-old millennials will look like. Read more
Corvus - Boston based commercial insurer raised $32m in Series B funding led by Telstra Ventures. Read more
epiFi - India based challenger banking platform has raised $13.2m in its Seed round led by Sequoia India and Ribbit Capital at a $50m valuation. Read more
HighRadius – Houston based working capital optimization software raised a $125m Series B round from ICONIQ Capital at a $1b valuation. Read more
Insurify - Boston based insurance automation startup raised $23m in a Series A led by MTECH Capital and Viola Fintech. Read more
Lightnet - Thailand based global remittance Velo protocol raised a $31.2m Series A led by a conglomerate of Asian financial institutions. Read more
Roofstock - Oakland, CA based online marketplace for investing in single-family rentals raised a $50m Series D equity round led by SVB Capital. Read more
Very Good Security (VGS) - San Francisco based data security provider received an undisclosed investment from Visa. This round follows a $35m Series B led by Goldman Sachs in October last year. Read more
FinTech Collective Newsletter
Curated News with Context
Delivered every Saturday, the weekly newsletter, produced by our team, provides a tightly edited rundown of global fintech news, along with a bit of our original analysis.