Raisin has acquired specialist startup Fairr as it eyes the European pensions market

to turn a profit. This is because while their overheads tend to be considerably lower than their established peers', their services are also significantly cheaper or even free. As a result, they need huge numbers of customers to begin generating meaningful revenue.

As they bid to become profitable, we anticipate many will try to become a one-stop shop for financial services — and that could result in plenty more fintechs following Raisin's footpath. From neobanks to investment-focused startups, we've already seen a slew of fintechs broaden their focus by bolstering their product suite to attract new customers and take advantage of cross-selling opportunities with their existing ones.trading services, for instance.

Such a move makes sense because it enables the likes of Raisin to side-step the heavy development costs of building and trialing these solutions in-house, while also enabling them to scoop up their peers' tech-savvy employees. Crucially, it will enable them to bring products to market at a rapid pace: To this end, Revolut took more than a year to roll out its trading services — slow, in the context of fintechs.Sign up for the Fintech Briefing to get it delivered to your inbox 6x a week.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

How The Right Partners Made It Easy To Become A Global BusinessWhen the U.S. market is saturated, entrepreneurs need to acquire the skills to tap global markets.
Fonte: ForbesWomen - 🏆 477. / 51 Leggi di più »

European stocks fall as recession fears ramp upEuropean stock markets slid on Wednesday, led by technology companies, as fears ... screw them. only rich people are playing this game. people in my area can't wait for fresh British fish :) go Boris! Is Europe regressing to the dark ages 😉 Hell no
Fonte: Reuters - 🏆 2. / 97 Leggi di più »

European stocks set to edge lower as bond market recession warning deepensEuropean stocks were seen opening slightly lower Wednesday after the U.S. yield curve inversion deepened to levels not seen since 2007, reigniting fears of an impending recession.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »