However early-stage firms are seeing fewer financing events

Reading headings here and there, one might presume that venture capital interest in fintech start-ups is setting records every quarter. After all: Didn’t Robinhood raise$280 million and$320 million more this year!.?. !? Stripe raised$600 million just a couple of minutes ago, and wasn’t it Monzo that raised ₤ 60 million a few weeks back!.?.!? Oh, and Hippo raised$150 million the other day. And what about that big Plaid exit earlier in the year and Chime’s jillion dollars that came right before 2019 ended? That’s how it has felt to me, at least. And with great factor: New data from CB Insights indicates that fintech start-ups raised a record variety of so-called”megarounds, “fundings worth$100 million and more , in the second quarter of 2020. The Exchange checks out start-ups, markets and cash. You can read it


every morning on Bonus Crunch, or get The Exchange newsletter every Saturday. The ambiance in


fintech that huge rounds big been landing quite often is frequently. However underneath the huge offers, there was early-stage weak point in the market that makes for an unexpected contrast. The exact same CB Insights report information a key”tailwind”element for lots of fintech startups, specifically that e-commerce is flourishing in the COVID-19 period, rising from about 16 %of total U.S. commerce to around 27%through Q2 of this year. So, let’s begin by taking a glimpse at Square’s earnings that leaked yesterday, and some notes from Shopify’s recent results to figure out just how fast the economy is heading online prior to analyzing what occurred in Q2 VC for fintech startups as a cohort. We’ll keep this as numbers-light as we can, and fun as we can– I assure. Let’s go! Digital commerce is growing like a weed You might believe that Square, a company most famous for its IRL payment terminals and capability to

turn any person into a microcompany would suffer while COVID-19 slowed in-person business. But, despite

slowing gross payment volume( GPV), as anticipated

, Square’s revenue exploded in Q2, growing from$1.17 billion in Q2 2019 to$ 1.92 billion in the most current period. Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.