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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.
In the AlbionVC portfolio? Yes.
Total raised: $40 million
What it does: Elliptic supports crypto operators and increasingly traditional financial institutions in meeting regulatory compliance obligations.
Why it s hot in 2021: As cryptocurrencies hit all-time highs and continue to enter the mainstream, 2021 will be a transformational year for Elliptic, Lascelles said. Regulation, a key enabler for institutional and widespread participation in the crypto ecosystem will further mature in 2021 with Elliptic playing a pivotal role. The company has built a world-class leadership team and is only just beginning its growth acceleration journey. As a force for good in the crypto ecosystem, Elliptic will continue to delight customers, existing and new in 2021 and beyond.