Wealth, investment-techs VC funding deals fell in Q1, says CB Insights - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

It was a rough first quarter for wealth-tech, and the number of startups that nabbed new funding tumbled to the lowest since 2015

this year, according to CB Insights. The first quarter also saw a drop-off in mega-rounds, which CB defines as worth at least $100 million.

"From insurtech and lending to payments and infrastructure, fintech and big tech players across every vertical are accelerating product development to prepare for the downstream impacts of the coronavirus and a recession," analysts wrote. There were some notable rounds in the digital wealth and investment space raised early this year.

Before the global slowdown started tamping down the breadth of digital wealth companies funded, investors poured billions of dollars into the space as a fresh crop of startups look to challenge legacy investment managers and try to appeal to a new generation of investors.Betterment, the New York-based robo-adviser, last publicly announced a round of funding in 2017, a $70 million round led by the Swedish investment company Kinnevik.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

VC says Bird scooter startup to make a comeback in post-pandemic world - Business InsiderAn ex-Blackstone dealmaker explains why Bird, the cash-guzzling scooter startup that laid off 30% of employees, is still worth every penny of its $2.5 billion valuation Key word: Could..
Source: BusinessInsider - 🏆 729. / 51 Read more »

Real-estate investment strategy: 'Perfect' way to create passive income - Business InsiderA real-estate investor who generates $165,000 in revenue a year lays out his 'absolutely perfect' strategy for aspiring entrepreneurs clamoring for passive income Why do I have to pay to read news ON THE INTERNET?!?! greedy
Source: BusinessInsider - 🏆 729. / 51 Read more »

Four alt lenders are approved for CBILS - Business Insider - Business InsiderThe British Business Bank has approved nine lenders for the Coronavirus Business Interruption Loan Scheme, four of which are fintechs. if u need satisfy maybe i can help you with my videos 💞 With a business plan that lays emphasises on your business model and tailored for investment & loans applications. It's time to request for one now or recommend to a friend or colleague. Call/text 08137804774.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Work from home normalization presents opportunity for tech providers - Business InsiderICYMI: After quarantine catalyzed the mass migration to working from home, many companies have begun to embrace long-term remote work policies Great to hear! Our candles will help to make the transition as seamless as possible AND support local businesses in the process. Check us out: They need to embrace Holistic BASEISM and Sustainable UBI. baseism
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trump adviser says 'we've all been exposing ourselves to risks' - Business InsiderA senior Trump adviser said White House employees are going to work in a 'relatively cramped' West Wing out of love for their country: 'We've all been exposing ourselves to risks' Next they’ll be pitching tents on the White Lawn. Senators replaced the morning prayer with 5 minutes of banging their heads on the desks to sacrifice for their country. True patriots, all of them.
Source: BusinessInsider - 🏆 729. / 51 Read more »

New York reports lowest new coronavirus deaths since March, Cuomo says - Business Insider'It has been a painful period of time,' New York Gov. Cuomo said. The state reached its lowest new daily case count ⁠— 521 — since about March 20. is my last pic good? I agree 🥵
Source: BusinessInsider - 🏆 729. / 51 Read more »