Is it a boat or is it a plane? Put your glasses on! This is clearly an electrically-powered hydrofoil passenger ferry. The brainchild of Swedish startup Candela
Ivan Levingston and Adeola Eribake, Bloomberg News The trading floor in the Frankfurt Stock Exchange, operated by Deutsche Boerse AG, in Frankfurt, Germany, on Monday, Dec. 14, 2020. The topsy turvy trade talks between the U.K. and the European Union took another somersault on Sunday when Boris Johnson and Ursula von der Leyen gave negotiators another shot at closing a deal. Photographer: Alex Kraus/Bloomberg , Bloomberg
(Bloomberg) European startups are raising more money than ever before, producing a class of tech companies with valuations comparable to peers in the U.S. and Asia. But after a record-breaking start to the year, even some of the industryâs biggest cheerleaders are starting to worry that the momentum isnât sustainable.
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We asked 5 top VC investors to pick out the hottest new areas in consumer fintech.
Disrupting established finance institutions remains a core focus.
They highlighted growth areas like influencer banking and financial services for freelancers.
Europe s challenger banks have made their move. Startups like Monzo, OakNorth, Klarna, and N26 have all landed sizeable blows on the traditional banking sector and begun to change how consumers manage their finances.
The flow of capital into these buzzy companies, which attract younger users with brightly-colored cards and fee-free trading, demonstrate just that. Global fintech investment topped $44 billion across 3,052 deals, up 14% on 2019, per a report by Innovate Finance.