Daily Fintech Newsletter | February 9th, 2021
The top-line tech industry trends for 2020
Hi!
In case you missed it, please see below today's most relevant fintech news.
The tech industry proved its resilience in 2020. Despite ongoing economic uncertainty brought on by the global Covid-19 pandemic, the sector continued to reach new highs. Across industries, VC-backed mega-rounds in the US broke records in 2020. In the global tech sector, mega-rounds jumped 27% year-over-year, reaching 461 rounds. Check out CBINSIGHTS'2020 Tech Highlights: The Year’s Biggest Deals, Most Valuable Acquisitions, And More. In their report they visualize the year in tech, from a rise in mega-rounds to tech leaders' outsized public market performance to 2020's biggest M&A trends. Read more here.
Dublin and London-based VC firm Frontline Ventures has raised its third seed fund of €70m to invest in B2B startups across Europe looking to take on the US. Link here.
According to the J.D. Power 2021 U.S. Merchant Services Satisfaction Study, SM released, challenges with customer service, cost of service, and underwriting and onboarding have been more pronounced among businesses experiencing significant sales declines during the past year. Square ranks highest in merchant services satisfaction with a score of 857. PayPal (852) ranks second. Bank of America Merchant Services (849) and PNC Merchant Services Co (849) rank third in a tie. Link here.
What are the key obstacles for entrepreneurs in Latin America? Link here.
This ends my Daily Fintech Newsletter. Let me know if there are any questions or news/insights worth mentioning in the next newsletter. Until the next!
Regards,
Marcel van Oost
marcelvanoost.com
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