Integrated finance, or why the fintech mega VC tricks have become so common – TechCrunch

How do dozens of fintech companies finally found the formula for profit

Another day, another fintech monster venture round.

This morning, it was the personalized MoneyLion banking application, who raised $ 100 million at a valuation close to the unicorn. Last week, it was the N26, which raised $ 170 million in addition to the $ 300 million it had invested earlier this year. Brex raised an additional $ 100 million last month in addition to its $ 125 million Series C since the end of last year. Meanwhile, companies such as the Stripe payment platform, the Raisin investment and savings platform, the Uplift lender, the Blend and Better mortgage creditors and the Acorns savings depositor have also mbadive new towers this year.

This is in addition to the record year of fintech in 2018, which has generated $ 52.5 billion in investment, according to KPMG estimates.

What about all the money poured into the world of fintech? And that all this investment augurs not only for the industry and other potential entrants, but also for financial services customers? The answer is that this new wave of Fintech startups has discovered integrated finance and is changing the whole economics of disruptive financial services.

First, there is not really a blockchain

Let's leave aside the problem right away, because whenever the subject of financial services and digital disruption meet, some blatherers always scream at the blockchain of the proverbial back row (often with a bit of mouthwash, I would say) .