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Daily Tearsheet: Where do VCs stand on fintech investment today?

  • For VCs, attractive companies for investment have solid unit economics, a path to profitability, and plans for sustainable growth.
  • And, layoffs continue in the fintech industry -- Argyle being the latest to reduce headcount no more than five months into a $55 million Series B funding round.
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Daily Tearsheet: Where do VCs stand on fintech investment today?

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4 questions with VCs on fintech investments — where they stand, and what’s attractive

In today’s bear market — where fintech funding is drying up as talks of a ‘bubble bursting’ loom — VCs are sitting on dry powder. However, that is not to say that investors don’t have their eyes open for the next big deal.

So, what are VCs thinking, and who’s got their attention?

Tearsheet reporter Subboh Jaffery sat down with Ruth Foxe Blader, partner at Anthemis Group, and Adam Hallquist, principal at FTV Capital, to learn more about where VCs stand in today’s market.

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Just look at the charts

1. Evolution of digital payments since 2000

Source: Panagiotis Kriaris

2. Most popular mobile wallets in the world this year

Source: David Jimenez Maireles

Today’s stories

FIS targets central banks with real-time payments and CBDC tech
Fintech giant FIS has launched an infrastructure offering to help central banks make the move to real-time payments and CBDCs. RealNet Central aims to assist central banks as they seek to transform their markets into digital-first, real-time payment economies — both domestically and internationally. (Finextra)

Five months after a $55 million Series B, Argyle reduces headcount
Argyle, a fintech that wants to help companies and institutions get access to employment records, has laid off several employees across all departments — letting go of 6.5% of the team, which equals 20 people. (TechCrunch)

Highnote, GiveCard introduce debit card to facilitate direct giving for US nonprofits
GiveCard, a nonprofit that uses fintech to power direct giving to vulnerable communities, has partnered with Highnote to launch a new prepaid debit card program. This enables shelters, nonprofits, and governments to scale cash transfer programs and serve the needs of their target community. (Crowdfund Insider)

Fear of failure could be hurting innovation in banking
Financial institution leadership must reduce the fear of failure that holds employees back from taking risks and using creativity to innovate at speed and scale. Leading organizations encourage the iterative innovation that can result in creative disruption. (The Financial Brand)


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