TwentyFold

At Money20/20 Europe, the panel "Is Treasury Management Really That Broken?" sparked lively debate. Turns out, it's not about brokenness, but rather an industry ripe for reinvention. A big thank you to Melissa D., VP, Notion Capital for moderating, and to seth m phillips Founder & CEO, Bound and Pac O'Shea, CEO & Co-Founder, Round Treasury for their invaluable insights. Here's what we learned: > Legacy systems are struggling to keep up. Outdated practices and a lack of innovation have left many businesses underserved. The need for modernized solutions, particularly for managing diverse assets and mitigating risk, is more urgent than ever. > B2B fintech is booming, quietly. While the spotlight often shines on consumer fintech, the treasury management sector is experiencing unprecedented growth. This surge is driven by economic volatility and the increasing complexity of global transactions, creating a golden opportunity for startups. > The true gap lies in user experience and simplicity. Both traditional banks and many fintechs have failed to deliver user-friendly, innovative solutions. The winning formula will involve simplifying complex processes and creating tools that truly cater to the needs of modern businesses. #fintech #treasurymanagement #Money2020 #VC #B2B https://lnkd.in/eqCx6EGD

The recent $2 million funding round for E-Revbay Private Limited FINQY, a trailblazing B2B2C fintech platform, signals a significant shift in how financial products are distributed and consumed in India. By empowering financial distributors with AI-powered tools, FINQY is not only streamlining complex financial decisions across credit cards, insurance, and loans, but also democratizing access to financial services for millions. What does this mean for the market? > Increased Competition: FINQY's success is likely to inspire other fintech players to explore similar models, leading to increased competition and innovation in the Indian financial services sector. > Enhanced Customer Experience: FINQY's focus on simplifying financial decision-making through technology could raise the bar for customer experience across the industry. > Market Consolidation: As FINQY expands its customer base and product offerings, it could potentially consolidate its position as a leading aggregation platform for financial intermediaries in India. > New Investment Opportunities: The growth of FINQY and other fintech companies in India presents attractive investment opportunities for VCs interested in the burgeoning Indian fintech market. FINQY has an ambitious roadmap, including the development of Q, a personal finance manager app, and Test My Card, a credit card-focused product. These initiatives, along with their exploration of investment and wealth management solutions, demonstrate FINQY's commitment to comprehensive financial services and its potential to reshape the BFSI landscape in India. #fintech #india #investment #innovation #financialservices #AI https://lnkd.in/e3H7NUK9

Savvy Wealth, a digital-first wealth management platform modernizing human financial advice, has raised $15.5 million in a Series A-2 round led by Canvas Ventures. This investment underscores the growing demand for technology solutions that enhance the efficiency and effectiveness of financial advisors. Savvy Wealth's platform streamlines CRM, back-office operations, and performance reporting, enabling advisors to focus on delivering personalized client experiences. This funding round, which includes participation from existing investors like Thrive Capital, Index Ventures, and Brewer Lane Ventures, brings Savvy Wealth's total Series A funding to an impressive $26.5 million. Savvy Wealth's success reflects the broader trend of innovation in the wealth management industry. We've recently seen other companies like Midas and Climate X secure significant Series A funding, signaling a strong appetite from investors for #fintech solutions that are reshaping the way financial advice is delivered. What This Means for the Market This latest investment in Savvy Wealth highlights several key opportunities in the #fintech market: > Increased demand for digital-first solutions: Savvy Wealth's success demonstrates the growing demand for technology platforms that empower financial advisors to deliver a more modern and efficient client experience. > Focus on advisor efficiency: Savvy Wealth's platform addresses a significant pain point for advisors by automating key tasks and streamlining workflows. This focus on efficiency is likely to resonate with other players in the market. > Potential for further innovation: The wealth management industry is ripe for disruption, and Savvy Wealth's success suggests that there is ample opportunity for further innovation in this space. #venturecapital #investing #wealthmanagement #financialadvisors #innovation

Money20/20 Europe Recap: Funding Fintech's Future If you're involved in the fintech world, you know the investment game has changed since 2021. At Money20/20 Europe, our panel "Secure the Bag: Funding Strategies in Uncertain Times" dove into these shifts and uncovered what's working now. Key Insights for Fintech Founders & Investors: > The New Reality: Investors are more discerning, prioritizing fintechs with proven business models and clear paths to profit. But don't be discouraged – over $7B was raised in Q1 2024 alone! > Success Stories: Leaders like Benjamin Fernandes (NALA) shared how they're navigating this landscape, focusing on demonstrating concrete value and growth potential. > Sustainable Growth: This isn't just about securing funding; it's about building a business that thrives long-term. The panel emphasized strategic planning and expert guidance as essential tools. Want to learn more about the future of fintech funding? Check out TwentyFold. #fintech #Money2020 #venturecapital #startups https://lnkd.in/eZzFvzz5

Philippines-based Mynt, the parent company of GCash and FUSE Lending, just reached a staggering $5 billion valuation after securing a $786 million investment from MUFG and Ayala Corporation. What This Means for the Market: > Validation of Southeast Asia's Fintech Potential: Mynt's success underscores the immense growth and investment opportunities within the region's fintech landscape. With a rapidly expanding middle class and increasing smartphone penetration, Southeast Asia is primed for digital financial services. > Rising Competition: MUFG's strategic investment in Mynt, following its earlier investment in Thailand's Ascend Money, signals intensified competition among major financial institutions to capture market share in this burgeoning sector. Expect to see more partnerships, acquisitions, and innovation. > Focus on Financial Inclusion: Mynt's GCash has been instrumental in providing financial services to the unbanked and underbanked population of the Philippines. This investment could further accelerate financial inclusion efforts across Southeast Asia. > Increased Investor Confidence: Mynt's funding round could inspire greater investor confidence in Southeast Asian fintech startups, potentially leading to a surge in funding activity in the near future. Opportunities for VCs: > Untapped Markets: While the Philippines and Thailand are major players, countries like Vietnam, Indonesia, and Malaysia also offer promising investment opportunities in various fintech subsectors such as lending, payments, and wealth management. > Innovative Solutions: Look for startups addressing unique local challenges, such as those focused on cross-border payments, micro-investing, or financial services tailored for the agricultural sector. > Strategic Partnerships: Explore collaborations with established players like Mynt, GCash, Fuse Lending, MUFG, Ayala Corporation, and Ascend Money to leverage their expertise and market reach. #fintech #SoutheastAsia #Mynt #GCash #FuseLending #MUFG #AyalaCorporation #AscendMoney #venturecapital #investment #financialinclusion

The Power of the Pack: Why Fintech VC is Embracing Collaboration The era of the lone wolf VC is fading. Today's savvy investors are recognizing that the future of fintech lies in the power of the pack. Here's why collaboration is the new currency in venture capital: > Collective Strength: By pooling resources and diversifying risk, co-investments and syndicates are enabling VCs to make bolder, more strategic bets on emerging fintech companies. > Amplified Expertise: Collaboration isn't just about money; it's about pooling knowledge, insights, and networks. This collective intelligence is a force multiplier, driving better decision-making and accelerating growth. > Ecosystem Building: Collaborative VCs understand that the success of any individual fintech is intertwined with the health of the entire ecosystem. By working together, they can foster a thriving environment that supports innovation, attracts talent, and propels the industry forward. The future of fintech isn't about going it alone; it's about harnessing the power of the collective. https://lnkd.in/ePBpjWM6 #fintech #venturecapital #TwentyFold #fintechVC #collaboration

The U.S. payments landscape is finally catching up to the rest of the world. AppBrilliance is unlocking real-time payments for major brands like Starbucks, CVS, Dunkin, and Chick-fil-A, whose closed-loop systems were previously limited by legacy payment methods. What does this mean? > Lower costs and fraud: Real-time settlement minimizes risk and streamlines operations. > New revenue opportunities: White-labeled solutions and partnerships with payment processors, digital wallet platforms, and banks open doors for innovation and growth. > The rise of supporting ecosystem technologies: Expect to see growth in companies developing complementary technologies such as fraud prevention, identity verification, and cybersecurity solutions, essential in the new real-time payment ecosystem. > Growth of fintech startups: Startups leveraging RTP and FedNow capabilities could create innovative financial products and services, such as personal finance management apps, micro-investment platforms, or instant loan services. The Clearing House's recent rule change is a catalyst, and AppBrilliance's patented Money API platform is uniquely positioned to capitalize on it. Seamless integration with banks' RfP APIs and 100% white-labeled in-app payment flows set them apart. This isn't just another fintech solution—it's a fundamental shift in how Americans will pay. #fintech #payments #real-timepayments #digitalwallets #innovation

Rillet, the innovative accounting ERP, has secured $13.5M in funding led by First Round Capital and Creandum. This is a major signal that investors see the massive potential in modernizing the finance back office for high-growth companies. The current landscape is ready for a transformation: traditional accounting software often struggles to keep pace with the complex needs of fast-scaling businesses. Rillet is changing the game with its automated workflows, seamless integrations with payment processors and CRMs, and a focus on achieving the holy grail of "zero-day close. "Why This Matters for VCs: >Market Opportunity: Rillet is addressing a huge pain point in a rapidly growing market. The exodus of accountants from the workforce only amplifies the need for automation and efficiency. >Automation is Key: Rillet's success underscores the increasing importance of automation in the finance back office, enabling businesses to operate more efficiently and make data-driven decisions. >Expanding Horizons: Rillet's ambition to serve a wider range of industries signals a broader shift towards modernized financial management across the business landscape. If you're a VC looking to invest in the future of finance, this is a development you can't ignore. The time is now for innovation in the accounting space, and Rillet is poised to lead the way. #VentureCapital #Fintech #Accounting #SaaS #ZeroDayClose Susa Ventures

Stripe has just announced the acquisition of Lemon Squeezy, signalling a powerful move in the payments landscape. This strategic move isn't just about two companies merging; it's about enhancing the experience for businesses selling digital products globally. What this means for the market: > Simplified global selling: Lemon Squeezy's focus on making digital sales "easy-peasy" aligns perfectly with Stripe's mission of making commerce seamless. This acquisition could lead to even more streamlined solutions for businesses navigating complex tax regulations, fraud prevention, and global payments. > Enhanced merchant of record services: Lemon Squeezy's strength in merchant of record services combined with Stripe's robust infrastructure could create a new gold standard for businesses looking to simplify their financial operations. > Focus on customer experience: Both companies prioritize customer-centricity, suggesting that we can expect even more intuitive and user-friendly payment solutions in the future. #fintech #payments #digitalcommerce #merchantofrecord #acquisition #innovation

Cowbell, a leading cyber insurance provider for SMEs, has secured a whopping $60 million Series C round led by Zurich Insurance Group. This strategic investment isn't just about capital; it signals a growing recognition of the escalating cyber threats faced by businesses of all sizes, and the increasing demand for innovative solutions. Here's why this is a BIG deal for the market: > SME Focus: Cowbell's emphasis on serving the underserved SME market is a smart move, as this segment is particularly vulnerable to cyberattacks and often lacks the resources for robust protection. > AI and GenAI Power: Cowbell's commitment to leveraging AI and GenAI to enhance risk assessment and decision-making is a game-changer, setting a new standard for the industry. > Global Reach: With Zurich's backing, Cowbell is poised to expand its presence internationally, bringing its advanced cyber insurance solutions to a wider audience. > Broker-Centric Approach: Cowbell's focus on empowering brokers with easy-to-use platforms and educational resources is a win-win, creating a more informed and resilient broker community. This significant investment is a testament to Cowbell's innovative approach and the growing importance of cyber insurance in today's digital landscape. It's also a clear signal to VCs that the cyber insurance sector is ripe for disruption and presents a lucrative opportunity for those who are ready to invest in the future of risk management. #cyberinsurance #fintech #insurtech #venturecapital #AI #GenAI #cybersecurity #SME #ZurichInsuranceGroup #Cowbell #JPMorgan #GundersonDettmer