Over the last few months, we have shared our perspective on the FinTech landscape with management teams at several large financial institutions and have summarized those views in this presentation. We look at how we arrived at this exciting period of FinTech disruption and what the next few years will look like -- how threatened are incumbents? which startups are likely to breakout? what does the emerging FinTech architectural stack look like?
It has some good data points and analysis, and we welcome comments and further discussion.
Presented at FinTech Sandbox Demo Day in New York City. The state of FinTech in 10 minutes and 10 slides. Provides a perspective on what FinTech was like pre-2012 when we inflected into this current period of record FinTech startup formation, funding and disruption. Shares why we believe we are still in the early chapters of disruption.
At the end of the year, we often reflect on the current state of the venture market in technology. We are sharing it with our broader community in the hope that someone will find it informative, interesting or at least entertaining.
F-Prime Capital State of Technology Venture Capital - 2021F-Prime Capital
At the end of each year, we reflect on the current state of the venture market in technology. We are sharing it with our broader community in the hope that someone will find it informative, interesting or at least entertaining.
F-Prime Capital prepared a market analysis for 2018's year-end discussion. We are sharing it with our broader community in the hope that someone will find in informative, interesting or at least entertaining.
At the end of the year, we often reflect on the current state of the venture market in technology. We are sharing it with our broader community in the hope that someone will find it informative, interesting or at least entertaining.
White Star Capital Canadian Venture Capital Landscape 2019White Star Capital
In this third edition of our report, we aim to reiterate our enthusiasm for the Canadian Tech and Venture Capital ecosystem as well as touch upon a few new topics.
In addition to sharing our excitement about Canada and expressing our belief that the ecosystem is stronger than ever, we examine larger round dynamics, the continuation of the VCCI program, the rise of narwhals, and funding activity by state and region. We have also explored one of Canada's key strengths: its diversity and increased immigration influx. Finally, we end with an updated deep dive on VCs and other investors.
The European SaaS world changed forever when Daniel Dines, the founder of UiPath made the cover of Forbes last month as ‘Boss of the Bots’. Who would have thought five years ago that a Romanian SaaS company would be valued at $7B and reach that valuation in record time?
It is prime time for European SaaS companies and the third edition of the Accel Euroscape, the list of the top 100 SaaS companies from Europe and Israel, shows the rising position of Europe on the global SaaS stage, benchmarks how European SaaS companies compare to their US counterparts and lays out five predictions for the European SaaS market.
2020 has been a challenging year. Yet, amidst the various trials, widespread digital transformation has sparked several triumphs in SaaS. For instance, UiPath made history this summer when they became the first European Cloud Decacorn. Now we’re 10 months in, the question on everyone’s lips is what’s just happened and what’s coming next? In this keynote presentation, Philippe Botteri, Partner and Varun Purandare, VP at Accel will present original findings from Accel’s 2020 Euroscape. They'll explore the biggest trends in SaaS, deep dive into COVID's impacts on the ecosystem and share the region’s top 100 cloud companies.
Presented at FinTech Sandbox Demo Day in New York City. The state of FinTech in 10 minutes and 10 slides. Provides a perspective on what FinTech was like pre-2012 when we inflected into this current period of record FinTech startup formation, funding and disruption. Shares why we believe we are still in the early chapters of disruption.
At the end of the year, we often reflect on the current state of the venture market in technology. We are sharing it with our broader community in the hope that someone will find it informative, interesting or at least entertaining.
F-Prime Capital State of Technology Venture Capital - 2021F-Prime Capital
At the end of each year, we reflect on the current state of the venture market in technology. We are sharing it with our broader community in the hope that someone will find it informative, interesting or at least entertaining.
F-Prime Capital prepared a market analysis for 2018's year-end discussion. We are sharing it with our broader community in the hope that someone will find in informative, interesting or at least entertaining.
At the end of the year, we often reflect on the current state of the venture market in technology. We are sharing it with our broader community in the hope that someone will find it informative, interesting or at least entertaining.
White Star Capital Canadian Venture Capital Landscape 2019White Star Capital
In this third edition of our report, we aim to reiterate our enthusiasm for the Canadian Tech and Venture Capital ecosystem as well as touch upon a few new topics.
In addition to sharing our excitement about Canada and expressing our belief that the ecosystem is stronger than ever, we examine larger round dynamics, the continuation of the VCCI program, the rise of narwhals, and funding activity by state and region. We have also explored one of Canada's key strengths: its diversity and increased immigration influx. Finally, we end with an updated deep dive on VCs and other investors.
The European SaaS world changed forever when Daniel Dines, the founder of UiPath made the cover of Forbes last month as ‘Boss of the Bots’. Who would have thought five years ago that a Romanian SaaS company would be valued at $7B and reach that valuation in record time?
It is prime time for European SaaS companies and the third edition of the Accel Euroscape, the list of the top 100 SaaS companies from Europe and Israel, shows the rising position of Europe on the global SaaS stage, benchmarks how European SaaS companies compare to their US counterparts and lays out five predictions for the European SaaS market.
2020 has been a challenging year. Yet, amidst the various trials, widespread digital transformation has sparked several triumphs in SaaS. For instance, UiPath made history this summer when they became the first European Cloud Decacorn. Now we’re 10 months in, the question on everyone’s lips is what’s just happened and what’s coming next? In this keynote presentation, Philippe Botteri, Partner and Varun Purandare, VP at Accel will present original findings from Accel’s 2020 Euroscape. They'll explore the biggest trends in SaaS, deep dive into COVID's impacts on the ecosystem and share the region’s top 100 cloud companies.
Accel 2021 Euroscape: On the path to global dominance?Philippe Botteri
The European and Israeli cloud ecosystem is accelerating as never before. Back in 2016, Europe and Israel had only four public companies worth less than $9B combined and local cloud companies had raised just $900M throughout 2015. Today, Europe and Israel have generated 23 public companies worth $231B and private cloud financing reached c. $30B. The $900M of SaaS VC funding in 2015 now represents less than Europe's largest financing round, with Celonis raising $1B in June this year. These are just some of the SaaS milestones Europe and Israel have hit over the last year, so now seems like the right time to as: "are Europe and Israel on the path to global SaaS dominace?" Take a look at the insights in our 2021 Euroscape and see what the data says!
Mercer Capital's Value Focus: FinTech Industry | First Quarter 2015Mercer Capital
Mercer Capital’s quarterly newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. In addition, each issue of this quarterly newsletter will focus on one FinTech segment, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity for the segment.
As Bessemer officially launches its presence in London, Alex Ferrara and Dhruv Jain are releasing this report to reaffirm that Silicon Valley doesn’t have a monopoly on innovation and entrepreneurship is a borderless endeavor. In this report, they share the signals giving us confidence in Europe as a new technology leader, the macro trends driving the rise of the European cloud ecosystem, and the predictions we believe will be a driving force for our investments. To read the full report go to: https://www.bvp.com/atlas/the-rise-of-cloud-in-europe
Accel Connect 2016 talk for portfolio founders & CEOsAccel
This November, we gathered our global founders and CEOs in San Francisco for our Accel Connect event. For part of the day, we discussed the current environment, independent of founders’ stage, as well as the changing requirements for building great, enduring companies. It’s a day we look forward to each year.
It’s also where we (Accel) attempted to synthesize a year’s worth of our own thinking: what’s happened in the markets, what trends caught our attention, and how have our own theses evolved. If successful, we ground our founders in the current state of affairs, while keeping an eye on what’s to come in 2017.
We’ve been talking to folks around our community about the discussion at Connect. Based on feedback, we wanted to share some of the presentation. Though it’s slightly “dated” (the material was built pre-election) and curated (for Accel’s global CEOs), we hope there are some nuggets of wisdom that can be useful in your own thinking — whether as a founder, employee, investor, or just an interested observer.
The summary to accompany the slides can be found here: https://medium.com/@Accel/reflecting-on-2016-and-looking-ahead-to-2017-6e6efe224224#.wl0y72oor
SaaS Wars: Europe Awakens. The Accel Euroscape 2016Philippe Botteri
Software is eating the world, and Software-as-a-Service (SaaS) is eating software. But where does Europe stand on the SaaS front? This presentation gives an overview of the SaaS landscape in Europe and Israel and identifies the top 100 most promising SaaS companies in the region.
Netherlands tech top business models - 18 mar 2021Tracxn
Check out our latest report on top Business Models in built using Tracxn's proprietary taxonomy rebrand.ly/z015tmd
Subscribe for free to receive the latest reports of your geo of interest delivered to your mailbox
Tracxn - Europe Tech - Top Business Models - Mar 2021Tracxn
Check out our latest report on top Business Models in built using Tracxn's proprietary taxonomy rebrand.ly/r0tsbjc
Subscribe for free to receive the latest reports of your geo of interest delivered to your mailbox
Slides presenting the attractiveness of Eastern Europe for Venture investors and highlighting market opportunities around Big Data, Cloud Computing and Mobile
Analysis of recent transactions in System Software Industry detailing on Transaction Multiples (Revenue & EBITDA), Multiples Chart, Active Buyers & Transaction Data. A goldmine of resource for Entrepreneurs.
In Bessemer’s State of the Cloud 2020 Report, we distill twenty years of data on the private and public cloud market trends, dive into the time tested tenets that early-stage cloud founders need to prioritize for growth, and of course, share our predictions that explain the emerging categories we’re eyeing to spot promising new companies.
Since the early 2000s, the industry has seen exponential growth, both in private and public spheres. Many companies have cloud strategies in place, but they are amidst their digital transformations. We believe the future of technology is forged in the cloud, and after two decades of growth it’s just the beginning.
In a time when founders and investors are faced with unprecedented market volatility, it is especially timely to step back and look at the long arc of technology, and the cloud computing revolution in particular.
Source: bvp.com/cloud
Bessemer Venture Partners (Byron Deeter, Elliott Robinson, Hansae Catlett, Mary D'Onofrio)
In 2015, cloud markets outperformed NASDAQ by 2x demonstrating how cloud computing continues to be an influential technology sector. In Bessemer’s 2016 State of the Cloud, leading SaaS and cloud investors Byron Deeter and Kristina Shen highlight market trends, metrics and benchmarks every SaaS founder should track, and the top predictions for 2016.
In this report, you’ll also learn:
- Key trends of the Cloud Index from 2015
- The five metrics of cloud finance
- Predictions for 2016
The latest collection of things we (Atomico) found interesting and important in tech and VC land, but that didn’t necessarily get the attention they deserve. We think of them as our hidden little gems. We’ll add to the collection over time, so bookmark the page and keep coming back for updates or to dig into the archive.
A look at the Venture Capital industry heading into 2020. Some have questioned whether the industry has a future. This deck does a detailed look at where the industry is and why the future of VC still looks bright.
Mercer Capital's Value Focus: FinTech Industry | 4Q 2014 | Focus: 2014 FinTec...Mercer Capital
Mercer Capital’s quarterly newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. In addition, each issue of this quarterly newsletter will focus on one FinTech segment, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity for the segment.
A report providing an overview of the Financial Technology startup landscape, graphical trends and insights, and recent funding and exit events. Contact info@venturescanner.com to learn more!
Accel 2021 Euroscape: On the path to global dominance?Philippe Botteri
The European and Israeli cloud ecosystem is accelerating as never before. Back in 2016, Europe and Israel had only four public companies worth less than $9B combined and local cloud companies had raised just $900M throughout 2015. Today, Europe and Israel have generated 23 public companies worth $231B and private cloud financing reached c. $30B. The $900M of SaaS VC funding in 2015 now represents less than Europe's largest financing round, with Celonis raising $1B in June this year. These are just some of the SaaS milestones Europe and Israel have hit over the last year, so now seems like the right time to as: "are Europe and Israel on the path to global SaaS dominace?" Take a look at the insights in our 2021 Euroscape and see what the data says!
Mercer Capital's Value Focus: FinTech Industry | First Quarter 2015Mercer Capital
Mercer Capital’s quarterly newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. In addition, each issue of this quarterly newsletter will focus on one FinTech segment, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity for the segment.
As Bessemer officially launches its presence in London, Alex Ferrara and Dhruv Jain are releasing this report to reaffirm that Silicon Valley doesn’t have a monopoly on innovation and entrepreneurship is a borderless endeavor. In this report, they share the signals giving us confidence in Europe as a new technology leader, the macro trends driving the rise of the European cloud ecosystem, and the predictions we believe will be a driving force for our investments. To read the full report go to: https://www.bvp.com/atlas/the-rise-of-cloud-in-europe
Accel Connect 2016 talk for portfolio founders & CEOsAccel
This November, we gathered our global founders and CEOs in San Francisco for our Accel Connect event. For part of the day, we discussed the current environment, independent of founders’ stage, as well as the changing requirements for building great, enduring companies. It’s a day we look forward to each year.
It’s also where we (Accel) attempted to synthesize a year’s worth of our own thinking: what’s happened in the markets, what trends caught our attention, and how have our own theses evolved. If successful, we ground our founders in the current state of affairs, while keeping an eye on what’s to come in 2017.
We’ve been talking to folks around our community about the discussion at Connect. Based on feedback, we wanted to share some of the presentation. Though it’s slightly “dated” (the material was built pre-election) and curated (for Accel’s global CEOs), we hope there are some nuggets of wisdom that can be useful in your own thinking — whether as a founder, employee, investor, or just an interested observer.
The summary to accompany the slides can be found here: https://medium.com/@Accel/reflecting-on-2016-and-looking-ahead-to-2017-6e6efe224224#.wl0y72oor
SaaS Wars: Europe Awakens. The Accel Euroscape 2016Philippe Botteri
Software is eating the world, and Software-as-a-Service (SaaS) is eating software. But where does Europe stand on the SaaS front? This presentation gives an overview of the SaaS landscape in Europe and Israel and identifies the top 100 most promising SaaS companies in the region.
Netherlands tech top business models - 18 mar 2021Tracxn
Check out our latest report on top Business Models in built using Tracxn's proprietary taxonomy rebrand.ly/z015tmd
Subscribe for free to receive the latest reports of your geo of interest delivered to your mailbox
Tracxn - Europe Tech - Top Business Models - Mar 2021Tracxn
Check out our latest report on top Business Models in built using Tracxn's proprietary taxonomy rebrand.ly/r0tsbjc
Subscribe for free to receive the latest reports of your geo of interest delivered to your mailbox
Slides presenting the attractiveness of Eastern Europe for Venture investors and highlighting market opportunities around Big Data, Cloud Computing and Mobile
Analysis of recent transactions in System Software Industry detailing on Transaction Multiples (Revenue & EBITDA), Multiples Chart, Active Buyers & Transaction Data. A goldmine of resource for Entrepreneurs.
In Bessemer’s State of the Cloud 2020 Report, we distill twenty years of data on the private and public cloud market trends, dive into the time tested tenets that early-stage cloud founders need to prioritize for growth, and of course, share our predictions that explain the emerging categories we’re eyeing to spot promising new companies.
Since the early 2000s, the industry has seen exponential growth, both in private and public spheres. Many companies have cloud strategies in place, but they are amidst their digital transformations. We believe the future of technology is forged in the cloud, and after two decades of growth it’s just the beginning.
In a time when founders and investors are faced with unprecedented market volatility, it is especially timely to step back and look at the long arc of technology, and the cloud computing revolution in particular.
Source: bvp.com/cloud
Bessemer Venture Partners (Byron Deeter, Elliott Robinson, Hansae Catlett, Mary D'Onofrio)
In 2015, cloud markets outperformed NASDAQ by 2x demonstrating how cloud computing continues to be an influential technology sector. In Bessemer’s 2016 State of the Cloud, leading SaaS and cloud investors Byron Deeter and Kristina Shen highlight market trends, metrics and benchmarks every SaaS founder should track, and the top predictions for 2016.
In this report, you’ll also learn:
- Key trends of the Cloud Index from 2015
- The five metrics of cloud finance
- Predictions for 2016
The latest collection of things we (Atomico) found interesting and important in tech and VC land, but that didn’t necessarily get the attention they deserve. We think of them as our hidden little gems. We’ll add to the collection over time, so bookmark the page and keep coming back for updates or to dig into the archive.
A look at the Venture Capital industry heading into 2020. Some have questioned whether the industry has a future. This deck does a detailed look at where the industry is and why the future of VC still looks bright.
Mercer Capital's Value Focus: FinTech Industry | 4Q 2014 | Focus: 2014 FinTec...Mercer Capital
Mercer Capital’s quarterly newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. In addition, each issue of this quarterly newsletter will focus on one FinTech segment, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity for the segment.
A report providing an overview of the Financial Technology startup landscape, graphical trends and insights, and recent funding and exit events. Contact info@venturescanner.com to learn more!
A primer on the Fintech market in India, with infographics on the market landscape, size and evolution paths. Includes estimates on penetration levels of digital banking and category specific growth expectations.
A report on technology trends in 2017. Overview of activity by the big 5 (Alphabet, Apple, Amazon, Microsoft, Facebook) and the next 20 companies and Chinese challengers.
7 Steps for IP Community Synergy: A China Market Based View PointDesign And Reuse
Mark is General Manager and Founder of Jiatao Industrial Co., Ltd. Located in Shanghai, in which their EDA team focusing on provide IP solutions and EDA tools to its customers in the region. Mark has more than 13 years working experience in IT and business consulting field. For the past two years, he was dedicated on marketing and promoting of high performance analogue and mixed signal IP products in great China region. Prior to the establishment of Jiatao, Mark worked for Swiss consulting firm CH-ina (Shanghai) Co., Ltd. as business consultant and project manager. There his main responsibility is to establish new business operations in China for Swiss and European customers. From year 1996 to year 2004 Mark worked as system analyst and project manager for Cyber Data Processing (CDP) Shenzhen, China.
A report providing an overview of the Financial Technology (fintech) startup landscape. Includes a sector overview, graphical trends with insights, and recent funding/exit events. Contact info@venturescanner.com or visit www.venturescanner.com to learn more!
Open U Talk from the Institute of Financial Technologists of AsiaNicole Kuo
Founder of Institute of Financial Technologists, Mr. Paul Pong's, talk for MBA students at the Open University of Hong Kong. Outlining opportunities and effect from Chinese depositary receipt and weighted voting rights. Also urging the needs of lack of fintech talents in the industry!
HAX Hardware Review - 1H 2018 Trends and OutlookHAX
The past year has been very active for hardware. IPOs, acquisitions (and some spectacular failures) have made the news. With advancements in deep tech and automation, connected technology in healthcare, homes and offices, hardware is changing the way people experience and improve life and the world around them.
This report is a summary of news from the hardware tech world; new movements we saw through working with startups, and some of our thoughts on the year ahead. A full copy of the report is available for download at: hax.co/hax-hardware-review-1H2018
Manufacturing is changing at a rapid pace and Industrial Tech startups are popping up everywhere.
What do you need to benefit from these developments and to ride the wave of change in manufacturing.
IMAP Fintech Sector Leaders share insights into the global Fintech sector.
They look at the short- and long-term effects of the COVID pandemic and which subsectors stand to lose and who ultimately stands to benefit. Sharing their thoughts on key themes disrupting the sector, including payments, digitalization, lending and mobile, they examine
how these have been impacting M&A activity and valuations.
They provide an overview of the most active players, as well as expectations for this key sector moving forward.
Similar to The State of FinTech and the Time-Honored Rivalry Between Incumbents and Startups (20)
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
The European Unemployment Puzzle: implications from population aging
The State of FinTech and the Time-Honored Rivalry Between Incumbents and Startups
1. F-Prime Capital Partners | CONFIDENTIAL
The State of FinTech and the Time-Honored Rivalry Between
Incumbents and Startups
David Jegen, Hannah Arnold and Doug Nelson
F-Prime Capital
January 2018
2.
3. FIN TEC H PORTFOL IO
Capital Markets
Wealth Management
Lending
Insurance
Payments
EN TER PR ISE PO RTFO L IO
DevOps SaaS/ Enterprise
Data analytics
Security
H EALTH C AR E PO RTFO L IO
Healthcare IT Medical devices/tools Therapeutics
Note: Not exhaustive
4. The financial industry has struggled to regain customer trust
following the financial crisis
53%
22%
27%
0%
10%
20%
30%
40%
50%
60%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Consumer Trust in Financial Services Institutions, 2003 - 2017
(1) Chart shows percent of Americans who respond with moderate to high degrees of confidence in financial institutions from annual Gallup poll
Source: Gallup, F-Prime Analysis
4
5. Regulations and deleveraging have forced incumbent banks to adjust to
a “new normal” of profitability
Bank Equity Multiplier Ratios, OECD
0x
5x
10x
15x
20x
25x
201620142012201020082006 2015201320112005 2007 2009
(1) Equity Multiplier = Total Assets to Equity
Source: McKinsey, Federal Financial Analytics, OECD, BMO Capital Markets, Gartner, F-Prime Analysis
0%
4%
8%
12%
16%
20%
2016201420122010200820062005 20132007 2009 2011 2015
Global Banking RoE
5
Deleveraging of balance sheets “New normal” return on equity
“New-Normal”: 8-9% RoE
6. The mobile + cloud architectural shift created new ways to build and deploy
financial services
“Mobile-first” design
Network
Source: Statista, GigaOm Research, Company websites, Broker Research Reports, Statista, Oliver Wyman, F-Prime Analysis, KPCB
Mobile + Cloud Computing Era
6
0
5,000
10,000
$15,000M
0
1,000
2,000
3,000M
AWS Revenue
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
Users
1st
iPhone
Netflix moves to
cloud with AWS
1st Android
phone
Facebook
mobile
launch
AWS
launched
AWS revenue
Active smartphones
FB Mobile monthly
active users
Lower technology costs
Storage
$15/GB
$0.03
Compute
$1.00/
MHz
$0.01
Network
$400/
Mbps
$3
2001
2016
7. ~$10 - $20 CAC
Allowing startups to scale faster than ever
Key Acquisition Drivers
Mission-based,
“Anti-Bank”
Brands
Digital and Viral
Acquisition
Low / No Cost
Offerings
0 20 40 60 80 100 120
1,500
1,000
2,000
500
0
3,500
2,500
3,000
Users (K)
User Growth
Source: Company Reports / Websites; F-Prime Analysis7
Months after launch
~$500 - $1,000 CAC
8. Venture capital took note and fueled an explosion of funding
0.0
2.5
5.0
7.5
10.0
$12.5B
0
200
400
600
Global Fintech VC investment, US ($B)
2002
0.6
2003
0.5
2004
0.6
2005
1.0
2006
0.7
2007
1.7
2008
1.4
2009
1.1
2010
1.5
2011
1.9
2012
2.6
2013
3.6
2014
7.8
2015
10.8
2016
8.6
2017
10.6
Number deals
ROW
United
States
Number
deals (US)
Note: FinTech investment includes all VC stage financings, Industry: Financial Services, Verticals: Fintech
Source: Pitchbook; Team analysis
Investment outside of the
US growing 67% annually
over last five years
Estimate based on
historical patterns
(last 5 years)
8
9. Lending, insurance, and payments have received the most venture
investment
0
20
40
60
80
100%
Total FinTech VC investment, 2015-2017
(US only)
Payments
Enterprise
Payments
Consumer
Payments
Healthcare
payments
$2.5B
Lending
Consumer Lending
Commercial Lending
Specialized Finance
Real Estate
$6.9B
Insurance
Insurance
$2.6B
Wealth
Mgmt.
Wealth
Mgmt.
PFM
$1.7B
Other
Enterprise Financial
Software
Cryptocurrency
Capital Markets
/Institutions
Data / Analytics
Other
$3.0B
Note: FinTech investment includes all VC stage financings, Industry: Financial Services, Verticals: Fintech
Source: Pitchbook; F-Prime analysis
9
10. Some private valuations reflect high expectations relative to fundamentals
0
200
400
$600
Revenue/acct
R
obinhood
9
E*TR
AD
E
461
0
1,000
2,000
$3,000
Value/acct
R
obinhood
650
E*TR
AD
E
2,576
51x 4x
Discount brokers Investment managers Lenders
0
100
200
300
400
$500
Revenue/acct
Betterm
ent
85
Financial
Engines
458
0
1,000
2,000
3,000
$4,000
Value/acct
Betterm
ent
3,200
Financial
Engines
2,017
5x
0.6x
0.00
0.05
0.10
0.15
$0.20
Revenue/originations
SoFi
0.07
O
neM
ain
0.19
0.0
0.2
0.4
$0.6
Value/originations
SoFi
0.55
O
neM
ain
0.443x
0.8x
Note: Public company valuation represents Enterprise Value
Source: Public company data; Capital IQ; Lit search
10
11. Eventually public markets apply public market valuation metrics
Some private valuations quickly corrected as public
markets re-valued as FSIs, not tech companies
Others proved a genuine market disruption, and
grew into their private market valuations
0
2
4
6
8
$10B
0
20
40
60
80
100x
LendingClub valuation
Series
A
0.0
Series
B
0.0
Series
C
0.1
Series
D
0.3
Series
E
0.5
Series
F
3.7
IPO
5.4
1Q
7.6
2Q
6.5
3Q
5.4
4Q
5.6
5Q
3.5
6Q
1.5
Revenue multiple
0.0
0.5
1.0
$1.5B
0
5
10
15x
On Deck Capital valuation
Series
A
0.0
Series
B
0.0
Series
C
0.1
Series
C
1
0.1
Series
D
0.3
Series
E
1.0
IPO
1.3
1Q
1.2
2Q
1.1
3Q
0.6
4Q
0.8
5Q
0.5
6Q
0.4
Price/Book value
0
2
4
6
$8B
Square valuation
Series
A0.0
Series
B
0.2
Series
C
1.6
Series
D
3.3
Series
E
6.0
IPO
3.0
1Q
3.8
2Q
3.4
3Q
3.9
4Q
4.1
5Q
6.6
6Q
7.4
LendingClub
OnDeck Capital
Square
Post-IPO
Post-IPO
-0.5x
+2.5x
Pre-IPO Post-IPO
11 Source: Public company data; Capital IQ; Lit search
Aug 2014
Dec 2014
Nov 2015
12. We do not foresee a complete and radical re-configuration of the FSI
value chain like we saw in IT and Telecom, and will see in Auto
12
= startups capture most valueINGREDIENTS OF
WHOLESALE DISRUPTION
CHANGE IN
CORE PROTOCOL
CHANGE IN
CUSTOMER BASE
Deconstruction
and rebirth
IT
New: MS-DOS
Old: Unix
New: Consumer
Old: Business
Everything but
the plumbing
Telecom
New: TCP/IP
Old: ATM/FR
New: Consumer
Old: Business
Deconstruction
and rebirth
Auto
New: Electric motor
Old: Combustion engine
New: Ride sharing
Old: Consumer
Partly cloudy
with a chance
of blockchain
FSIs
New: Blockchain?
Old: FIX, Swift, etc.
Manufctrng
Apps
Dist/retail
Chips/equip
OS
Equip
Network
Middleware
Services
Devices
Parts
Systems
Software
Sales/mktg
Mfg.
Market infra
Mid/back office
Data layer
UI /UX
Transactions
13. Yet a new API-enabled financial services stack is emerging –
cementing startups’ ability to launch quickly
13
Customer
Interface
Data Access
Market
Infrastructure
Transactions
IT Infrastructure
Middle / Back
Office
Banking / Payments Capital Markets
FinancialServicesStack
Apex today, but not long term
14. And startups are just beginning to touch true market
infrastructure (clearing and settlement)
14
Customer
Interface
Data Access
Market
Infrastructure
Transactions
IT Infrastructure
Middle / Back
Office
Banking / Payments Capital Markets
FinancialServicesStack
Apex today, but not long term
Stellar Ripple 0xEthereum
15. Incumbents risk ceding enormous value creation to startup
competitors
15
Telecom: Change in Market Value ($B) Retail: Change in Market Value ($B)
Incumbents: Comcast, AT&T, Verizon
Tech entrants: Google, FB, Apple
Incumbents: Walmart, Home Depot, Costco
Tech entrants: Amazon, Alibaba
715
139
216
142
2008 2018
522
32
198
97
2008 2018
16. Change takes longer in FSI, but we will still see many new
leading companies emerge and capture value
Slow shift underway in payments
Potential upcoming breakout companies
16 Source: Federal Reserve, JP Morgan, Capital IQ; Cerulli Asset Management; Analyst reports
Example: Payments
Lending
Banking
Wealth Mgmt.
Exchanges
Brokerage
Payments
Data
8%
0%
4%
2%
100%
6%
98%
2000
3.9
2010
Credit /
Debit
Cards
1.6
2017E
7.6
Paypal
6%
US Payment Volume ($T)
Potential breakouts
Square
1%
17. Slow incumbents be warned -- we are already entering the next
shift in technology architecture
Mainframe
Era Web Era
Mobile +
Cloud Era
1975 1985 1995 2005 2015
Devlifecycle
Episodic
releases
Major
release
(2-3 years)
Scheduled
release
(annually)
Continuous
delivery
(daily/weekly)
AI-model updates
Application
topology
Standalone
ERP +
integration
Portals and
suites
Mobile apps
API-based
execution
Unitof
compute
Cluster of
servers
Server
Virtual
Machine
Container
Serverless
functions
Infrastructure
Mainframe LAN WAN 5G
Machine-to-
machine
decentralized
networks
Client
Server Era
Machine-to-
Machine Era
17 Note: “Financial” APIs include Financial and Payments APIs.
Source: F-Prime Analysis; Programmable Web; Blockchain.info
Current wave Emerging waveHistorical waves
2005
3 13
2007
24 67
2009
116 200
2011
327
752
2013
1,104
1,402
2015
1,618
2,042
2017
2,375
Cumulative FSI APIs, 2005-2017
792x
New APIs since 2011, by Sector
Financial
2,048
Tools
1,041
Social
880
Ecom
m
erce
755
D
ata
713
M
obile
670
M
essaging
613
M
arketing
563
Search
563
0
5
10
15
20M
2012
2013
2014
2015
2016
2017
10/24
Mobile +
Cloud Era
Emerging
Machine-to-
Machine Era
Total blockchain wallets, 2012-present
18. We believe successful FinTech startups will build around a few key themes
The API Economy1
Value-Added
Payments
3
Unbundling of
Customer Segments5
New Front Door to
Financial Services
2
Data-Centric
Businesses
4
Consumerization of
Healthcare6
18