Fintech, Life.SREDA Releases The Future of Money 2015
Summary
Russian venture capital firm Life.SREDA released its annual report on the state of the fintech industry.– Unicorns grew from 3 Square, Lending Club, Stripe, to 10 adding Transferwise, Kreditech, CreditKarma, Wonga, Powa, SoFi and Raise in 2014.– China is advancing with E-commerce giant Alibaba undertaking the most expensive IPO ever and the country launching a $6,5 Billion venture capital firm for fintech and biotech startups.– mPOS is the fastest growing fintech sector with major drivers being the service easy to explain to both SME customers and private individuals, and that fact that it connects new online opportunities with traditional offline infrastructure.– Telecommunication companies launching banking services – Decrease of speculative operations and improving perception of Bitcoin.