With these words Biz Carson starts her analysis of the current market and what this implies for fintech startups. The top story of this number of FinTech Weekly forces us to reflect on the global economic situation and how businesses are affected. Also the crypto space faces major issues, but investors are always looking for great opportunities – as you will discover by reading the stories we selected.
Despite troubles, fintech is unstoppable, and continues dealing with major issues like climate change.
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Biz Carson analyzes the current market situation: fintech companies, after the peak reached in October 2021, are now shrinking in value – and this might make it harder for fintech startups to justify their high valuations.
The metaverse project Mars4 might be one of those undervalued projects investors are constantly looking for to earn returns. Mars4, based on virtual land plots of Mars, have already planned new launches.
The popular investor Tim Draper makes predictions about the future of Bitcoin and the role of women. As more retailers accept Bitcoin, women will play a major role in the future of the crypto project – since they control retail spending.
The popular actor and producer Seth Green is also an NFT collector. Unfortunately, 4 of his NFTs were stolen as the result of a phishing fraud – but one of these, a Bored Ape, should be the main character of the next show produced by Green.
TrueLayer, the European open banking platform, and the digital bank Zopa are partnering to create new products: Zopa’s Smart Saver, launched in February, will now be improved by allowing users to make account-to-account payments.
CAT Financial Products – the Swiss financial services company – and Spiros Margaris – popular venture capitalist – are working together on a new project that will allow investors to discover new investment opportunities in the fintech space.
Noelle Acheson (Genesis) and Emily Chang discuss the troubles faced by Terra and the split of the blockchain. How will this affect the crypto space and new regulations?
The battle between Meta and German regulators had a huge impact on developers and local startups. The popular product of the company, Oculus – a VR headset, was removed from the German market, and this is causing problems to all those who want to enter the billionaire VR market.
Tred, a UK fintech company, successfully reached – and exceeded – the goal of its crowdfunding campaign on Crowdcube. The company produces a green debit card able to track the carbon costs of users’ spendings.