U.S. fintechs raised $12.8 billion in the first quarter of 2021, a 220% increase over the same period in 2020, according to data provider CB Insights. True, this number was inflated by Robinhood's emergency, when it ran into a little cash crunch created by the trading frenzy in stocks such as GameStock and AMC Entertainment. But it’s not just investments that are up—U.S. fintechs’ valuations are jumping too. The average valuation of the 11 still-private U.S. fintechs on this list is $19.
and an alternative to the country’s stodgy brick-and-mortar banks. Its operations now extend to Argentina, Colombia and Mexico. So what gives?Fintech 50 ranking requires that candidates either have significant U.S. operations or be based in the U.S. and the eight-year-old startup has yet to reach American soil.
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Alas, not a woman between them. I wonder why? What’s stopping us?
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