Our customers are finding new and creative ways to learn, connect, have fun, and give back together. We’ve been blown away and inspired by our community’s resilience amidst the COVID-19 pandemic. Salesforce is also using the platform, and community manager Sofía Rodríguez Mata said in a statement: And it’s seen demand explode in the last few months.įor example, he pointed to how Duolingo has used the platform to host 1,000 events in the past six weeks, while Startup Grind went from a single virtual event in February (in Wuhan, China) to planning 600 for June. In the past 30 days, Latin American fintechs have raised almost $2.4 billion across 18 funding rounds.This might seem like the worst time to be building an event software business, but it seems to be working for , which just announced that it has raised $15 million in Series B funding.Ĭo-founder and CEO Derek Andersen explained that the company had already started moving into virtual events when the conference business ground to a halt thanks to the COVID-19 pandemic. One financial service concept which has quickly spread roots on a global scale, and looks close to blossoming in Latin America, is Buy-Now, Pay-Later (BNPL).The all-stock acquisition would see two of the world’s fastest growing fintech companies join together and bring the BNPL model to consumers and merchants across the world. Payments giant Square announced plans to buy Australian buy now, pay later platform Afterpay for $29 billion (A$39 billion).Uala has already issued more than 3.3 million prepaid Mastercards to Argentinian users, with another 200,000 debit cards distributed in Mexico. Uala, an Argentinian financial service startup, is now valued at $2.45 billion following a $350 million Series D co-led by SoftBank and Tencent.Shopistry, a Canadian-based startup centered around the concept of ‘headless commerce’ and building e-commerce infrastructure, announced raising $2 million in seed funding to continue developing its products, integrations, services and managed infrastructures, with the hope of turning headless commerce into the dominant architecture over the next five years.SoftBank’s first investment in an African startup will help replicate and extend its offerings to nearby and adjacent market with the goal of helping emerging markets reach faster economic development. Opay, a Nigerian mobile payments and consumer platform announced raising a $400 million Series C led by SoftBank’s Vision Fund 2.This marks the official first international expansion of PayPal‘s crypto capabilities since its US launch in October of 2020. online payments giant PayPal announced it would let British customers buy, hold and sell digital currencies, starting this week. We’ve included just a snippet of what these countries have initiated, invested and invented, and look forward to what’s next. has historically claimed a large portion of fintech success, the need for financial solutions reaches all corners of the world - and international growth is becoming more and more evident. That bodes well for late-stage investors to place truly massive bets, as they did for Trade Republic. Regardless, the top of funnel for fintech startups is quite full. But it’s possible that seed-stage startups in Germany are just further along in terms of revenue, and fintech is ripe for opportunity that it could feel like some deals are no brainer. ![]() Do we know why that tolerance may have increased? Not at the moment. But in Germany, it appears there is a tolerance. really outside of San Francisco - investors aren’t willing to take on such risky bets. ![]() Typically, it’s assumed that outside the U.S. ![]() This is actually really surprising to me. Most notably, the country has a bevy of seed-stage investments in fintech, with Crunchbase reporting over 30% of fintech are in this stage. The above is just a quick view of Germany’s VC scene so far into 2021, but there are some nuggets of information just below the surface that can tell us more about fintech activity in the country.
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