Is the US$10bn Decacorn the new Unicorn for FinTechs? There are now 35 decacorns worldwide (companies with a $10bn valuation) and some of the biggest are FinTechs. This time last year, nobody was talking about decacorns. Instead, the financial technology headlines were filled with discussions about digital transformation, the number of legacy systems that needed to be technologised and how many companies were embracing the new cashless solutions. Unicorns also made big news, with every fintech company reaching a valuation of US$1bn unleashing a flurry of press attention in its wake.? However, today, the situation is slightly different. For example, the open banking fintech, aptly named Open Financial Technologies, was just declared the 100th unicorn in India.? Equally, by the end of Q4, 2021, the number of unicorns worldwide stood at almost 900 companies.? Read the full article by Joanna England through the link in the comments below?? #donedeal #fintech #unicorn #decacorn #fintechstartup #venturecapital #venturecapitalist #angelinvestor #angelinvesting #angelinvestors #fintechstartups #financialtechnology #financialservices #fintechinnovation #payment #paytech #openbanking #digitalbanking #fintechnews
Link to full article: https://fintechmagazine.com/financial-services-finserv/is-the-decacorn-the-new-unicorn-for-fintechs Link to my newsletter: https://marcelvanoost.com/newsletter