Fintech funding came out of the gate with a strong start in 2018. And now, three big incumbents — US financial holdings company BB&T, UK bank Standard Chartered, and Japanese financial services company SBI Holdings — are adding fuel to this trend by launching new fintech funds.
These three funds demonstrate ongoing interest from incumbents in fintechs globally.That these companies are choosing to up their engagement with fintechs suggests they've been pleased with their strategic investments in the past, and continue to believe that acquiring new technology will bear more fruit than building in-house. This is good news for the fintech industry, as the three incumbents will likely fund a plethora of fintechs and implement their solutions throughout the next year.
Moreover, we will likely see more incumbents increasing their fintech commitments in response to their own investments starting to pay off, demonstrating a sustained focus among legacy players on working with these startups.
Interested in getting the full report? Here are two ways to access it:
Get updates in your Facebook news feed.
Get updates in your inbox.
Subscribe to Fintech Briefing and never miss an update!
Chinese fintech Lufax set to IPO in April
THE SMALL BUSINESS FINTECH REPORT: How fintechs are targeting small- and medium-sized businesses and pushing incumbents […]
If you look for statistics on bitcoin trading volume by country, you may be surprised to learn that there is… Read More
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material.… Read More
Getting paid in bitcoin? You should be offended, apparently. | Source: Shutterstock; Edited by CCN By CCN Markets : In… Read More
Spencer Bogart, a general partner at venture capital firm Blockchain Capital, thinks that Bitcoin ( BTC ) will be a… Read More
American investor and Morgan Creek Digital Assets co-founder Anthony Pompliano says that Bitcoin will end up in every institutional investor’s… Read More