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The lesson appears to be that revenue growth matters more than near-term margins for fintech companies, allowing them to secure valuations that far surpass their final private marks.
The saying goes that, “You can’t teach an old dog new tricks.” That may or may not be true, but at least one “old dog” is working hard to disprove that saying. Western Union has been operati
Remittances — when people send money internationally to family and friends, or as a payment — has long been one of the most important levers for getting funds to people in developing econo
As the US flirts with extreme market volatility and the possibility of its first recession since 2008, it’s amazing to think how much consumer financial services have changed in that time.
Last summer, the Seattle-based startup Remitly closed a $135 million round to go beyond money-transfer services into a wider range of financial products catering to its primarily-immigrant customer ba
We’ve found that when you have a clear message and a clear mission, even a startup can make a big difference.
Companies in Seattle raised a record $3.5B in VC funding this year.
OKRs, or Objectives and Key Results, are a popular planning method in Silicon Valley. Like most of those methods that make you fill in some form once every quarter, I’m pretty sure employees fin
Visa is pitching a new way for startups in the fintech space to get to market faster by using its rails and a group of pre-approved partners. The Fast Track program, a variant of an investment commitm
When it comes to financial services in emerging markets, remittances — people sending money to each other across international borders, often not to established bank accounts — continues t
PayU, the Naspers-owned payments company that competes with the likes of PayPal but focuses mainly on emerging markets, has made an acquisition to expand its business in India. It has acquired Wibmo,
Security breaches, where malicious hackers obtain snippets of information that then get used to impersonate individuals in order to gain access to individuals’ and businesses’ sensitive fi
Techstars is announcing Techstars Studio, its latest attempt to bring corporations closer to the startup ecosystem.
International remittances continues to be one of the biggest financial services in developing countries, with $450 billion getting sent from countries like the U.S. to emerging markets in 2017 alone,
Remitly, a startup co-founded and led by a former executive of Barclays who saw a gap in the market to build money transfer and other financial services for emerging markets and the “unbanked&#
Jasper Kuria Contributor Share on X Jasper Kuria is the managing partner of CRO consultancy The Conversion Wizards and is the founder of Capital & Growth, an e-commerce education site. More posts
Remittances are a huge business, with $582 billion transferred in 2015 and $432 billion of that sent specifically to emerging markets, according to the World Bank. Today, one of the bigger star
While Facebook moves deeper into using its Messenger platform as a vehicle for people to transfer money to each other, an app built for helping people transfer money is adding more messaging features.
Though the tech world is frothing over the potential found in new cryptocurrencies like Bitcoin, other companies have been working to solve the very real (if less buzzy) needs of today’s users w