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Forecasting Fintech’s Future and Keeping Culture Alive: A Q&A with the CEOs of BILL and Mercury

Andreessen Horowitz

At a16z’s recent Connect/Fintech event, a16z Partner Alex Immerman sat down for a broad conversation with Immad Akhund , co-founder and CEO of banking startup Mercury , and René Lacerte, founder and CEO of financial services company BILL. Alex: Let’s dive into your business models. I don’t believe jobs go away.

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Fintech Sees Renewed Focus in Colombia

Andreessen Horowitz

Seventy-six percent of Colombians use fintech services, according to an Ernst & Young report, the highest fintech adoption rate in Latin America, and from 2008 to 2022, the percentage of Colombian adults who hold a banking product rose from 55% to over 90%.

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MYbank showcases digital solutions for SME financing at the Singapore Fintech Festival 2023

AsiaTechDaily

Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet? MYbank, a leading internet bank in China and an associate of Ant Group , showcased digital solutions with the goal of improving accessibility to financial services for small and micro-sized enterprises (SMEs) and the agricultural sector.

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Ghanaian fintech Dash raises $32.8M seed to build connected wallets for Africans

TechCrunch

They are responsible for communication between banks and fintechs to settle transactions for consumers and businesses swiftly. Telecoms and banks lead the majority of online financial transactions carried out in the region via mobile money wallets and bank accounts. It doesn’t aim to replace mobile money or banks.

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SVB collapse forces African startups to rethink their banking options

TechCrunch

The collapse of Silicon Valley Bank (SVB) last week sent ripples in startup ecosystems around the world, and it is emerging that millions of dollars held by African startups and venture capital funds at the bank were at stake, until the U.S. Most of our funds are in various other banks in US & around the world. Nala, a U.K.-based

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For startup competition, SVB’s nightmare is a win and a dare

TechCrunch

Sometimes, leaving stealth isn’t your own choice: It’s a force function of two of your largest competitors evaporating from the business, and the third triggering clients so much that there’s a talk of a bank run. Still, Pham says that account opening applications have increased more than 10x in just the last 24 hours.

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5 Tips to Keep in Mind as You’re Starting a Business

StartupNation

Starting a business is incredibly exciting, but it also requires a lot of strategic planning if you want to create something going to last for years. Follow our top five checklist for precisely what new business owners need to know, and you can look forward to creating your own success. . Open a business bank account.

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