Olá and welcome to your digest,
Tried to put together a rich and diverse digest, full of news, events, and content to boost your creativity and startup mood. Hope you like it.
A big wave of events coming up turns out to be a busy week in Lisboa for all who follow #blockchain #crypto #ETH with plenty of events around FinTech.
New research by Plaid shows how much fintech adoption accelerated in the US. The percentage of U.S. consumers using fintech swelled to 88% in 2021, compared with only 58% in 2020. Economic lockdowns, social distancing and remote work have all contributed to a rapid migration to digital technologies and accelerated 5y the adoption of digital solutions. Fintech companies that passed the test presented by the pandemic have seen their valuations soar. Recently Binance announce new $1B growth fund; that will for certain create a new wave of fintech acquisitions.
In Europe, Sweden is something of a fintech Mecca. Why is Sweden so good at creating fintechs? According to Atomico, the secret sauce includes technology and its intersection across a broad range of industries. The dynamics make the Swedes quick to test new services and products and are also evolving as early tech founders and backers allocate some of their vast wealth to the latest crop of startups; “It’s like there’s an ecosystem of funding and expertise”.
And us? At a national level, Portugal has disclosed plans to establish technological free zones (ZLTs) as part of Digital Action Plan looking to facilitate FinTech innovations and services in Portugal. This initiative may lay the foundations for regulatory sandboxes and provisional regulatory frameworks more suited to beta testing services and early-stage companies. Is crucial to implement a legal framework for experimentation in a cross-sector manner, in order to take advantage of all the opportunities brought in by new technologies. Feedzai is the leading beacon for the Portuguese Fintech ecosystem, the proof that Portuguese startups can make a difference in the Fintech Industry.
Before we go. Startup Weekend is running the first-ever Global edition! join
TECHSTARS STARTUP WEEKEND GLOBAL: 1st Edition. The largest, wildest, craziest and most impactful startup event of the year. Immerse yourself in a world of possibilities with fellow dreamers and doers, and let #startup magic happen. What are you waiting for?
Week highlights go to:
👉 Lisbon Blockchain Week
👉 final of the eAwards Portugal take place Wednesday
👉 From Start to Table programme starts on Oct 24th
Let’s take the best of this summer weather with a look at the ‘Local & International Deadlines’ and ‘Plan your Week’ sections to be sure to catch all the right opportunities for your startup.
Enjoy the reading and the events for this week and beyond & go do great stuff!!