FinTech Digest: 25 FinTech Unicorns Ranked; Andreessen Horowitz Adds New General Partner
Business Insider ranks 25 FinTech companies worth over US$1 billion; Bitnet and PAY.ON join forces and more top stories from this week in FinTech.
FinTech is booming! Business Insider ranks 25 FinTech companies worth over US$1 billion; VC firm Andreessen Horowitz adds Alex Rampell as a general partner to focus on financial technology; Bitnet and PAY.ON join forces and more top stories from this week in FinTech.
FinTech is all the rage these days! As investment continues to flood into the industry, startups continue to reinvent the ways we do lending, payments, investing, and more. From Business Insider:
“Valuations in the sector are also skyrocketing as more money floods in. Many companies are now reaching the fabled "unicorn" status — the term in the tech industry for companies worth US$1 billion (£640 million) or more.”
Venture capital firm Andreessen Horowitz has added Alex Rampell as a general partner. The 34 year old most recently co-founded TrialPay, an e-commerce payment and advertising service, which was acquired by Visa in 2014. The New York Times reports:
“Mr. Rampell says he sees banking and insurance as ‘ripe for disruption,’ made vulnerable by legacy technology, the post-financial crisis need to operate more conservatively and the corset of tighter regulation. Look