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Fintech Insider Podcast by 11:FS
845. News: Jamie Dimon talks AI in his annual shareholder letter as fintech funding hits a seven-year low
Apr 15, 2024
01:11:29
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Veronica Glab and Chris Skinner discuss fintech funding hitting a 7-year low and Nubank partnering with Wise. They also delve into the transformative impact of AI on the economy, the US Green Bank lending program, and gender pay gap issues in UK tech companies.
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Quick takeaways
- Fintech funding hits a seven-year low, signaling changing investment patterns and regulatory influences.
- Partnership between Nubank and WISE indicates a shift towards multi-currency accounts and strategic collaborations in the financial industry.
Deep dives
FinTech Funding Trends
Investment in FinTech declined by 16% in the first quarter of the year, a seven-year low according to CB Insights. Despite this decline, there was a 15% increase in equity deal making. The largest deal was Monzo's $430 million. The drop in funding could be attributed to changes in investment patterns and regulatory environments.
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