Philip Russo’s Post

So cool to be included alongside such remarkable companies in Philip Russo's Commercial Observer feature on the intersection of PropTech and FinTech. It’s exciting to share this space with innovators like Agora, Cadre, Fractional, Procore Technologies, Realfinity, Roofstock, and  Tongo. The conversation and space is really heating up, and I love to see the diversity of innovation. For Stake, “it’s all about how to be able to incentivize with the right amount of Cash Back, how to be able to help renters use that Cash Back to build more savings, and how to move money on rent payments that helps properties perform better.” This focus on renters’ financial wellness is at the heart of what we do, and we’re proud to bring FinTech solutions into the PropTech that empowers residents and properties alike. #PropTech #FinTech #Innovation

The 2024 State of Fintech Report, produced in collaboration with Dealroom.co and ABN AMRO Bank N.V., has been released, showcasing the most recent data in the Fintech sector. As an investor focused exclusively on early-stage fintech ventures, we are thrilled to observe the resilience of early-stage investments despite a generally challenging market environment. Here are some key takeaways from the report: ▫ VC Investment Drops: VC investment in fintech startups fell to $42B in 2023, marking a 63% decrease from the previous year, with Europe experiencing a sharper decline than the US. ▫ Payments Lead the Way: Payments emerged as the dominant sub-industry, attracting nearly 3x more funding than any other segment, showcasing the industry's resilience. ▫ Valuation and Public Market Challenges: Fintech companies hold a combined value of $2T, but with public listings nearly halted, a significant amount of value is awaiting more favorable exit conditions. ▫ M&A Activity Remains Strong: Despite funding challenges, M&A activity in fintech stayed above historical levels, highlighting the sector's ongoing consolidation and strategic realignments. ▫ Resilience in Early-Stage Investments: Seed and Series A investments have shown more resilience to market downturns, indicating continued interest in early-stage fintech innovation. Looking ahead, we believe that there are opportunities for growth and innovation in fintech, especially in payments, climate fintech, and alternative investments. As the market adjusts, we remain committed to supporting fintech's brightest minds and innovative solutions. Get all insights and download the report under the link in the comments. #fintechreport #dealroom #motiveventures

I'm excited to share The Artemis Fund 2024 Fintech Outlook! In 2023, the fintech industry experienced a significant slowdown in investment, leading to a drop in valuations and a cautious outlook. However, 2024 is shaping up to be a year of resurgence and opportunity, especially in the M&A realm. Recent data from PitchBook highlights a remarkable uptick in fintech M&A activity, with total dollar volume soaring threefold in Q1 compared to the same period last year. Across the board, fintech M&A volume has nearly doubled, with ten additional deals surpassing the $1B mark in Q1 alone. This surge in activity reflects a renewed appetite for strategic partnerships and consolidation within the industry. Check out our full writeup on M&A and everything beyond here: https://lnkd.in/g8ZGYDGY Keep up with all the latest Artemis insights here: https://lnkd.in/gDmxsQrr If you're a founder innovating in fintech, commerce, or care, we want to meet you! Pitch us here: https://lnkd.in/dQXyktBQ

FinTech is a rapidly growing industry that has been disrupting traditional financial services. However, recent data from Y Combinator's cohort shows that it may be losing some of its momentum. Only 8% of the cohort is now classified as FinTech, compared to 24% just a couple of years ago. Additionally, funding has decreased by 16% QoQ. This begs the question: is the FinTech sector maturing or losing its shine? I would love to hear your thoughts on this topic. #FinTech #YCombinator #InvestmentTrends

Is WealthTech the Next Big Thing in FinTech? 💡 At The Founders Arena, we’re all in on the WealthTech revolution—and Matthew Goldman from This Week in Fintech nails it with his latest article. The wealth management industry is evolving fast, and our Fall 2024 WealthTech Accelerator cohort is proof of the game-changing innovation happening right now. From AI-driven client engagement tools to smarter alternative investment platforms, these startups are transforming how we manage wealth. The future of WealthTech is limitless, and we're here to support the visionaries shaping this space. Check out the full article here 👉 https://lnkd.in/gKGC_HaX #TheFoundersArena #FuelingFounders #WealthTech #FinTech #WealthManagement #Innovation #Startups #AI #AlternativeInvestments #FoundersArena #DigitalTransformation

💵 Stella Han, CEO of Fifth Wall portfolio company Fractional, spoke to Commercial Observer about proptech and fintech's convergence. Stella's company is a platform where a community of investors can connect and invest in real estate together, enabling people to invest as little as $5,000 in a property. She sees Fractional as a mix of both fintech and proptech. The fintech industry matured faster than the proptech industry, but as the real estate technology's TAM is projected to reach around $86 billion by 2030, fintech solutions are coming to real estate to improve access, transparency, and ease of financial transactions in real estate. Other companies in the space include Fifth Wall portfolio company Bilt Rewards, Roofstock, Cadre, and Divvy Homes. #proptech #fintech #realestate

After weeks on the road meeting with our customer markets in the US, it's nice to have the TODAQ Micro team back in Toronto for Collision Conf. Drop by our exhibition floor booth on 20 June to check out real-time, one-TAPP, pay-as-you-go, web micropayments that can work for the subscription fatigued consumer or business customer. ✅ Turn the long tail of app and site visitors that abandon when they hit a subscription paywall into customers. ✅ Enable your AI agents and chat bots to close sales. ✅ Instantly pay out your supply chain after receiving a payment to cut out billing, invoicing and back office costs. ✅ Turn ads into point of sale. ✅ Remove interchange and processing fees. ✅ Activate instant payouts for loyalty rewards, ad viewing, gaming, or data fair exchange for merchants. TAPP micropayments is asset agnostic, all forms of monetary, prepaid, e-giftcard, coupon, credit, and reward point assets can be supported.

Discover the BEST Kept Secret in Lending Analytics In this episode of Fintech Confidential's Accrued series, hosts Tedd Huff & Colton Pond are joined by Shawn Budde Principal at Ensemblex and Chloe Zhu, CFA the Director of the Venture Studio at Ensemblex to discuss key challenges in lending and fintech. The conversation focuses on topics like artificial intelligence, data management, and compliance, offering practical insights for fintech startups and established financial institutions to strengthen their operations. “Startups often lack discipline, big companies overcomplicate. The balance is where success lies.” - Shawn Budde - Principal, Ensemblex Takeaways 1️⃣ Avoid the Biggest Lending Mistake Startups Make 2️⃣ AI Won’t Fix Everything 3️⃣ Start Compliance Early to Save Time and Money 4️⃣ What’s Your Customer’s Long-Term Value 5️⃣ Look Globally to Stay Ahead Accrued a Fintech Confidential Series Presented by LoanPro

Discover the BEST Kept Secret in Lending Analytics In this episode of Fintech Confidential's Accrued series, hosts Tedd Huff & Colton Pond are joined by Shawn Budde Principal at Ensemblex and Chloe Zhu, CFA the Director of the Venture Studio at Ensemblex to discuss key challenges in lending and fintech. The conversation focuses on topics like artificial intelligence, data management, and compliance, offering practical insights for fintech startups and established financial institutions to strengthen their operations. “Startups often lack discipline, big companies overcomplicate. The balance is where success lies.” - Shawn Budde - Principal, Ensemblex Takeaways 1️⃣ Avoid the Biggest Lending Mistake Startups Make 2️⃣ AI Won’t Fix Everything 3️⃣ Start Compliance Early to Save Time and Money 4️⃣ What’s Your Customer’s Long-Term Value 5️⃣ Look Globally to Stay Ahead Accrued a Fintech Confidential Series Presented by LoanPro

Exciting developments in the fintech landscape! As we look ahead, insights into the future of fintech are more crucial than ever. Additionally, Coldcart's recent fundraising efforts pave the way for transformative growth and innovation. The potential for new solutions and services is promising! To learn more about these trends and what’s next for Coldcart, check out this article: https://okt.to/8s4mra. Let's keep the conversation going!