FinTech

Fintech describes any company using the internet, mobile devices, software technology or cloud services to perform or connect with financial services. Many fintech products are designed to connect consumers' finances with technology for ease of use, although the term is also applied to business-to-business (B2B) technologies as well.

Fintech Examples


 * 1. Crowdfunding Platforms
 * 2. Blockchain and Cryptocurrency
 * 3. Mobile Payments
 * 4. Insurance
 * 5. Robo-Advising and Stock-Trading Apps
 * 6. Budgeting Apps

FTOC / Payoneer

 * FTAC Olympus Acquisition Corp. agrees to a deal with Payoneer in the global digital payments sector.
 * The company forecasts 25% CAGRs as digital payments volumes surge.
 * The stock has an EV of only $4.3 billion or ~8x forecasted '22 sales of $540 million.
 * Payoneer connects the global marketplaces of buyers, sellers, freelancers and gig workers together allowing for seamless payments based on localized capabilities and multiple currencies. The company works in 190 countries connecting global banks and offers a regulatory infrastructure, compliance and manages risk allowing for businesses and people to make and receive payments in various methods all around the globe. In 2020, Payoneer was forecast to handle $44 billion in payment volumes, double those from just 2018. The amount is forecast to jump to $64 billion this year based on the organic growth of existing customers, up-sell of new services and the addition of new customers.
 * Source: https://seekingalpha.com/article/4408378-payoneer-payments-spac-winner

IPOE / SoFi

 * Social Capital Hedosophia Holdings Corp. V (NYSE:IPOE) soars 30% after Sofi Finance (SOFI) confirmed a Reuters report that online lendingstartup is nearing a deal to go public by merging with the blank check company lead by VC investor Chamath Palihapitiya.
 * Transaction values SoFi at an equity value of $8.65B post-money and is expected to provide up to $2.4B in cash proceeds, including a fully committed PIPE of $1.2B, and up to $80M of cash held in the trust account of Social Capital Hedosophia
 * Source: https://seekingalpha.com/news/3649673-sofi-going-public-8_65b-valuation-via-merger-chamaths-social-capital

UPST
Upstart Holdings, Inc. is a cloud-based artificial intelligence lending platform. The firm's platform aggregates consumer demand for loans and connects it to network of Upstart AI-enabled bank partners. It benefits from access to new customers, lower fraud and loss rates, and increased automation throughout the lending process. The company was founded by David Joseph Girouard, Anna Mongayt Counselman, and Paul Gu in December 2013 and is headquartered in San Mateo, CA.

MOGO
Mogo Inc. is a Vancouver-based fintech, founded in 2003 by David Marshall Feller. The company offers personal loans, identity fraud protection, mortgages, a Visa Prepaid Card, and credit score viewing through Equifax.[1] Mogo had an initial public offering on the Toronto Stock Exchange in June 2015.[2] In January 2016, Mogo made a deal with Postmedia to exchange a percentage of profits for free newspaper ads.[3] In January 2017, the company began offering mortgages.[4] By the first quarter of 2018, Mogo plans to operate a Bitcoin wallet.[5]