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A Cautionary Tale, Laid Off List Getting Bigger, Time for Agile Funding?

Issue #152 — View online — Suggest a link
Fintech

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Hey fintech innovators,
This week we look into a more agile approach for startup funding, Wirecard as a cautionary tale for the whole fintech space, Coinbase employees’ reactions to mass layoffs, tech experts call for Congress to bring a skeptical approach to the crypto industry, plus much more.
As always, if you like this newsletter, remember to share the love and tell your fellow fintech enthusiast friends to sign up here!
Take care,
Alessandro

This Week in Fintech
Is now the time for startups to consider “agile funding?”
Whether Seed, Series A or further along the alphabetical sequence, funding rounds mark the milestones of the startup journey. But should startups consider a more agile approach? Anthony Rose of Seedlegals puts the case to Trevor Clawson.
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Wirecard: A cautionary tale for fintech
Two years on the fintech industry needs to make sure the correct lessons have been learned from the collapse of Wirecard.
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'We didn't get to say goodbye.' Laid-off Coinbase employees pick up the pieces.
After Coinbase announced 18% of staff were set to be laid off, they started sharing their feelings of shock and sadness.
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Jared Schwitzke
no one:

absolutely no one:

not a single soul:

25 yr old VCs: Navigating a downturn can be tough. Here are my 7 tips for founders in 2022 and beyond.
Funding, Merger & Acquisitions
Crypto API provider Pile raises €2.8m to enable fintechs’ forays into crypto
Crypto API provider Pile raises €2.8m to enable fintechs’ forays into crypto
Pile is tapping into the ever-growing market of fintechs that want to begin offering crypto — by handling the difficult bits behind the scenes
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Société Générale backs fintech Lemonero with €12m investment
Fintech Lemonero has raised a €12m seed round with backing from Société Générale — it’s one of the largest seed rounds in the Czech Republic.
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Uncapped acquires app funding platform Sugar
Fintech lender Uncapped, which provides startups with financing without taking an equity stake, has acquired app and gaming funding platform Sugar.
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Berlin-based fintech Upvest lands €40 million to give companies endless investment opportunities
In what is one of the largest fintech funding rounds in Germany yet this year, Upvest has just closed its Series B at over €40 million. The startup’s
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Something More for You to Read
Shard Credit Partners launches £75m venture debt fund to back fintech and SaaS firms
With typical loan sizes in the range of £2-6 million per borrower, the fund will complete around 15 investments per annum during the three-year investment period
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Tech experts call for Congress to bring 'skeptical approach' to crypto industry: 'Not all innovation is unqualifiedly good'
More than two dozen high-profile tech experts have signed onto a letter asking Congressional leaders to apply a skeptical eye to the booming crypto industry.
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2 trends to watch in the $1.6bn Agri Fintech startup investment scene
Agri fintech startups raised $1.6bn in 2021 across 93 deals. Here the report author digs into two more trends: a booming Africa and stilted Europe.
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Wealthsimple, valued at $4b last year, joins the fintech layoffs list
Robo-adviser Wealthsimple has laid off 13% of its staff, or 159 people.
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Techstars Startup Digest Fintech is curated by:
Alessandro Ravanetti Alessandro Ravanetti - Fintech writer, copywriter & content strategist. Working in the fintech industry since 2011, previously as a founder and now as a consultant. Independent expert with the European Commission and SXSW advisory board member.
alessandro.ravanetti@startupdigestmail.com
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