Daily Fintech Newsletter | Mar. 9th
Hi!
In case you missed it, please see below today's most relevant fintech news.
The past year was a year of risk, hell, and uncertainty. While many companies were forced to downsize by the situation, others grew like crazy. In late 2020, BNPL market leaders multiplied their capitalization. Afterpay saw 292.78% growth while achieving a $34.29 billion capitalization, and Sezzleexperienced 289.76% growth and a capitalization of $657.34 million. A wide range of factors contributed to the success of a BNPL sector. Among the factors was the push for digitization of payments and in-store purchases, attractiveness for investors, great potential for partnerships, and not-yet-great competition between market players. At this point in time, there is room for experiments in that niche, and many customer segments have been left unaddressed. Read more here.
Mouro Capital, the fintech venture vehicle backed by Banco Santander, is to pool the services of two of its portfolio companies to create a new joint venture for online property sales in Mexico. Link here.
ZEN.COM won another award! Congrats Dawid Rozek, Michał Bogulawski and the rest of the team! Link here.
There are a few venture investor names that come to mind when thinking about backers of the most valuable FinTech and media unicorns. Snoop Dogg is not usually among them. Perhaps that’s an oversight. Link here.
Open Finance is THE topic of conversation for Fintech in LATAM during 2020. Link here.
London-based startup jobs company Otta.com looked into how salary expectations compare between women and men who sign up to its platform. On average, women say that they would accept a lower salary for a role than men with the same amount of relevant professional experience. The good news, though, is that Otta finds that when candidates are actually offered jobs by startups, there are no “significant differences” in the salaries offered. Link here.
Mode announced the appointment of Jonathan Conway as Chief Technology Officer. Jonathan brings a combination of experience across fintech, payments, as well as Open Banking. Link here.
Chip, an award-winning savings app, has announced the appointment of Tom Evans as their new Chief Technology Officer. As CTO, Tom will lead product and engineering teams with the aim of building and delivering new features, including the upcoming Investments Platform and the hotly anticipated ChipX. 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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