PREGIOTEK’s Post

🚀 PayCruiser Secures Funding from Conscious Venture Partners to Onboard 8,000+ Agency Banking Stores and Launch Neobanking Services 🤝 We are thrilled to announce Conscious Venture Partners (CVP) as our newest investor. CVP, led by Founder and Managing Partner Jeff Cherry, a seasoned operator and entrepreneur with 40 years of experience and a team of partners with deep financial and banking experience. Their team is dedicated to backing high-growth Societal Entrepreneurs who are making the world a better place. Conscious Venture Partners is driven by its beliefs: (1) talent is ubiquitous; opportunity is not, (2) ideas that create a more equitable society will be the big businesses of the future and (3) companies that create value for all stakeholders create better returns for investors. This strategic investment will enable PayCruiser to: 1. Launch our neobanking service in the USA 2. Expand our agency banking network across all 50 U.S. states and territories 3. Onboard over 8,000 additional agency banking stores CVP's mission aligns perfectly with PayCruiser's goal of bringing 3 billion unbanked people into the global financial ecosystem. Our partnership will accelerate our efforts to provide accessible, secure, and innovative financial services to underserved communities. With CVP's support, we're poised to revolutionize financial inclusion, offering solutions like: • Digital payments processing for mobile money, card, cash, and ACH transactions • Instant, free cross-border transfers to mobile wallets • Virtual cross-border bank accounts for seamless access to funds • Advanced AML & KYC compliance tools This investment not only validates our mission but also provides us with the resources to scale our impact and create a more equitable financial landscape for all. #Leadership #Vision #SocialImpact #PayCruiser #CVP #bankingtheunbanked #neobank #paycruiser Conscious Venture Partners

As digital banking continues to reshape how we interact with money, recent data from Crunchbase highlights a crucial trend: while venture funding for fintech startups has slowed, the focus on profitability and sustainable growth has never been stronger. 📉📈 This shift presents both challenges and opportunities. For startups, it’s a call to align their innovations with long-term financial health. For investors, it's about identifying solutions that provide real value in a competitive market. #Fintech #DigitalBanking #Innovation #Entrepreneurship

I found Simon Taylor's latest Fintech Brainfood newsletter particularly insightful on the top 10 Fintech innovations, especially the #alternativedata section (guess why 😛). Transactions, sales, income, and other data are catalysts to "create new underwriting models" that "allow low-credit-score consumers or non-traditional businesses to get credit that doesn't fit the traditional lending profile." Risk managers constantly look for better ways to increase loan acceptance rates while reaching their default targets. One of them is to address untapped populations with a solid appetite for financial services, historically denied by incumbents. For instance, platform workers or immigrants usually complain about lenders' inability to adapt scoring rules to their financial situation. The traditional feedback is that alternative data accessibility is the leading blocker for creating more custom scoring models. We fill this gap at Rollee by connecting the dots between a large set of integrations that we prioritize based on the following metrics: 1- Coverage of non-traditional workers and businesses 2- Data completeness to provide a robust risk profile 3- Popularity among users to guarantee a great conversion rate Our traction over the past few months confirms a mindset switch from lenders to either enrich existing open banking models with alternative data or create custom consumer' flows for specific populations, like freelancers, entirely powered through our infrastructure. Financial inclusion is simply one of the most significant economic opportunities for lenders, and FinTech got it again. #alternativedata #underwriting #fintech #innovation https://lnkd.in/e62DFR-m

Fintech Trends to Expect in 2025 The last one may surprise you. The other day, I saw Monzo Bank’s 1p saving challenge pop up on their homepage; a small, simple feature, but a great example of how fintech is helping people save without even thinking about it. Even if fintech isn’t your thing, these trends are set to shape how we save, spend, and invest. Here’s what I think we’ll see: 1️⃣ AI-Powered Finances 🤖 From apps that track your spending and offer smarter budgeting tips to robo-advisors that adjust investments in real-time, AI will make managing money simpler. (Eg. Plum and Revolut are already using AI to personalise financial tools, and it’s only going to grow.) 2️⃣ Banking Everywhere 💸 Ever booked a flight and been offered travel insurance at checkout? That’s embedded finance. Banking is moving beyond banks. This “embedded finance” makes managing money easier and more seamless. 3️⃣ Real-Time Personalisation 🤳 Think of it like Netflix for your money. Banks and apps will tailor their services to you recommending the best savings account or a personalised loan offer based on your habits. 4️⃣ Focus on Financial Inclusion ✅ Fintech has the potential to close the gap for the unbanked and underbanked globally. 5️⃣ Collaboration is Key 🤝 The future of fintech lies in partnerships. Big brands and startups are joining forces to innovate faster and smarter. Payhawk’s collaborations with Visa and J.P. Morgan, demonstrate the power of partnerships within the fintech ecosystem . Which of these do you think we’ll start seeing first? #fintech #fintechtrends #ai #partnership

🚨 𝗡𝗲𝘄𝘀 𝗙𝗹𝗮𝘀𝗵: FinTech unicorn 🦄 Zilch announced its first month of operating 𝗽𝗿𝗼𝗳𝗶𝘁, surpassing a $𝟭𝟯𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 revenue run rate. This achievement comes just four years after launching its consumer payment platform. Additionally, Zilch appointed Mark Wilson, former CEO of Aviva, to its Board. Zilch’s rapid profitability aligns it with European fintech leaders like Revolut and Starling Bank, which also achieved similar revenue milestones within a few years. By comparison, industry data shows that it takes the average tech company 8-10 years in the US to break through the $100m revenue ceiling, 15 years in Europe and 17 years in the UK. Philip Belamant, CEO and co-founder of Zilch, said: "This milestone fundamentally changes the game for us. Profitability is something that a lot of fast-growing businesses are struggling to achieve, and I am hugely proud of the team for reaching this mark, ahead of plan. While many have cut their way to profit, we’ve doubled our revenue year on year, expanded our team, saved our 4 million customers over half a billion dollars in fees and interest costs, and generated over $3 billion in new sales for merchant partners through our ad-subsidised payments network.” Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]

This article highlights the dynamic interplay between disruption and sustainability within the fintech sphere. FinTech, characterized by its agility and technological prowess, has redefined traditional financial services, democratizing access and driving efficiency. The narrative reflects the evolutionary journey of these startups, emphasizing the maturation phase marked by a strategic pivot towards profitability. Despite initial challenges, the optimism resonates through strategic partnerships, regulatory support, and evolving business models, illustrating a promising trajectory toward sustainable growth and value creation in the financial sector. #fintech #profitability #finance

We’re thrilled to announce that indó has been spotlighted as one of the early-stage startups to watch in the Sifted Digital Banking (2024) briefing! 🚀 Europe's digital banking landscape is evolving rapidly, and indó is proud to be part of this dynamic shift. We're listed alongside some of the most innovative fintech companies reshaping finance. From Monzo Bank to Revolut, the neobanking revolution is changing the face of finance, and it's an honor to be recognized in such esteemed company. A huge thank you to our amazing indó team for their relentless effort and dedication. This achievement underscores our mission to revolutionize banking with transparency and fairness at its core. Curious about the future of digital banking? Check out the briefing here:  https://lnkd.in/dPN5T6pH Let’s keep pushing the envelope and driving innovation in the fintech world! #indóIceland #FintechInnovation #DigitalBanking2024 #StartupToWatch #BankingRevolution #Sifted #nobullshitbanking #fintech #neobanking #startup #ekkibanki #ekkertbull

Banking tech startup Gravity raises $1M in funding The funds will be employed to enhance “our engineering strength to build the product and take it to the next version, offering the best in product engineering we can,” cofounder and chief executive Satish Krishnaswamy said. #B2BTech #FintechStartups #Banking #VentureFunding #Gravity #EngineeringExcellence #CoreBanking #CustomizedBanking #MumbaiStartups #IndianBanking #ARRGoals #StartupGrowth #TechFunding #ProductDevelopment #BankingTech #BusinessNews #Keralanews #Kerala #BusinessReviewLive #BRL #Keralabusiness

Dutch fintech Plumery raises $3.3 million from DN Capital and Fontes Dutch digital banking startup #Plumery has raised an additional $3.3 million in funding from early-stage investor #DNCapital and #Fontes, managed by leading global venture capital firm QED Investors. This latest round brings Plumery's total funding to $7.8 million, setting the stage for a larger Series A round anticipated in 2025. Founded in 2022 by CEO Ben Goldin, Plumery offers a cutting-edge digital banking experience platform that empowers banks, lenders, and #fintech companies to rapidly deploy and customize their banking capabilities. The platform works seamlessly with both modern and legacy core banking systems, allowing organizations to build mobile and web banking interfaces at a lower cost and 80% faster than traditional methods. The new capital will be used to expand Plumery's sales and marketing efforts, strengthen global partner management, and enhance the product's features—particularly in the small and medium enterprise (SME) and consumer segments, as well as for lending and microfinance companies. The company also plans to increase its headcount in key areas, including product development, engineering, and commercial roles. Guy Ward Thomas, Partner at DN Capital, noted that Plumery's innovative approach aligns perfectly with their fintech investment thesis of transforming the banking tech stack to deliver real commercial impact. Yusuf Ozdalga, Partner and Head of Europe at QED Investors, described Plumery as a trailblazer uniquely positioned to bridge traditional banking with the fast-evolving fintech landscape. The article on Finextra in the first comment.

How Startups are Changing the Face of Banking and Investing 🏦 📈 The rise of fintech startups is a transformative movement reshaping the landscape of banking and investing. These agile and innovative companies are leveraging technology to offer new services, improve customer experiences, and create more inclusive financial ecosystems. Fintech startups have been particularly adept at identifying gaps left by traditional financial institutions, especially in areas like mobile banking, digital payments, and peer-to-peer lending. They've introduced a level of convenience and accessibility that was previously unavailable, often at a lower cost to consumers. Moreover, fintech is playing a pivotal role in democratizing financial services. By providing tools and platforms that simplify investing and financial management, these startups are making it possible for a broader segment of the population to participate in the financial market. However, the rapid growth of fintech also brings challenges, such as regulatory hurdles and the need for robust cybersecurity measures. As the industry continues to evolve, it will be crucial for fintech companies to navigate these challenges while maintaining the innovative spirit that has driven their success. Overall, the impact of fintech startups on banking and investing is profound, signaling a shift towards a more dynamic, technology-driven financial future. As they continue to grow and mature, these startups have the potential to further revolutionize the way we interact with our finances. Source: https://lnkd.in/ei3rvbmA #FintechRevolution #BankingInnovation #InvestingEvolved #TechDrivenFinance