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6 fintech investors sound off on AI, down rounds and what’s ahead

TechCrunch

At the height of the funding boom in 2021, no single sector enjoyed as much VC money as fintech startups did. But in 2023, it appears that fintech companies have to work harder to get funding. billion round , global fintech funding declined 48% to $7.8 billion round , global fintech funding declined 48% to $7.8

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Payments remain the darling of the fintech space

TechCrunch

Every week, I’ll take a look at the hottest fintech news of the previous week. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann Last week, I dug into CB Insights’ State of Fintech 2022 report.

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Sequoia and Andreessen Horowitz invested more in fintech than any other sector in 2022

TechCrunch

Every week, I’ll take a look at the hottest fintech news of the previous week. I’m not going to lie — upon learning this, my fintech-loving ears perked up. And fintech represented nearly a quarter of the firm’s deals. More than a quarter (28%) of a16z’s fintech investments in 2022 went to the payments category.

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Akros Technologies, an AI-powered asset management platform, raises funding from Z Holdings

TechCrunch

Artificial intelligence is taking over almost every industry. Technology such as AI has digitized the finance sector, ranging from payments and remittances to lending. However, asset management is still in the nascent stage of digitization, according to the chief strategy officer and co-founder of Akros Technologies , Jin Chung.

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5 reasons why Ukraine’s fintech sector is growing despite war

TechCrunch

Vadym Synegin is a Ukrainian impact entrepreneur, philanthropist and investor in fintech and crypto projects with more than 15 years’ experience as an entrepreneur in Europe and the UAE. Ukrainians have often pioneered market-leading companies and built products that positively impact society, especially in the fintech sector.

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Early-stage Mexico fintech Aviva is making loans as easy as a video call

TechCrunch

The former banking executive worked at banks including Citi and Scotiabank for nearly a decade before moving into the fintech space to be chief of growth at Konfio. That’s where Castro said he saw how well technology could help people access financial services that were previously out of reach. Image Credits: Aviva.

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Resistant AI scores $16.6M for its anti-fraud fintech tools

TechCrunch

Resistant AI , which uses artificial intelligence to help financial services companies combat fraud and financial crime — selling tools to protect credit risk scoring models, payment systems, customer onboarding and more — has closed $16.6 million in Series A funding.