Connecting the dots…
Removing the noise to save you valuable time
There is a lot happening in FinTech these days and it’s hard to read through all the noise. That’s where I like to come in and keep you up to speed and make sure you don’t miss a beat!
As you know I like to connect the dots, not only for me but for the FinTech community in general.
Therefore, I post news on a daily basis through several channels like Linkedin and my newsletters.
I try to be your filter. If I’m able to remove the noise and save you valuable time, then it’s a fine day for me.
Who knows? If somebody else had started doing it (way back when) I would have never started sharing so much content myself. Because it would have saved me valuable time, as well! 😉
But now that I found my purpose, it’s time to step it up a notch!
In order to provide you with easily digestible news updates, I will soon launch a daily FinTech News podcast! The first of its kind.
I’m always looking for new ways to inform my network. I think this podcast does the job of getting you up to speed on what’s going on in the FinTech space, at the start of your workday.
So, I would really appreciate it if you sign up here, so I can send you a notification once the first episode is live.
My take on this week’s news
Last week I ran into an interesting article from Abound: “Banking the Independent Economy: Insights From 400+ US Workers”
The 68 million workers in the independent economy are seeking new banking options — because they don’t have any that adequately serve them.
Independent contractors, freelancers, content creators, on-call workers, and merchants are looking for bank apps and feature-rich accounts to help them manage the day-to-day financial obligations of self-employment, like tracking deductions, setting aside tax payments, budgeting, and even invoicing.
They want to see their unique pain points addressed and solved.
Today, the independent economy is growing massively — it’s estimated that by 2025, over half of the workers will be independent — but they are an underserved market when it comes to banking options, and don’t see the tools out there that fit their daily lives.
This means that banks wanting to serve a new target audience and grow the future of the independent economy can step into this gap in the industry.
In order to understand more about this population and its banking successes and struggles, Abound turned to independent workers themselves to find out their banking habits, how they manage their accounts if they’re satisfied with their options right now, and what their ideal bank account would look like.
If you want to learn more about this research, check the full article.
I like this subject because I’m bullish on startups that offer business banking / financial solutions. I’m doing a lot of research on this subject and will probably share more news updates from this FinTech segment in the upcoming period. If you have any recommendations, please let me know!
👉 Especially if it’s early stage. I’m always looking for interesting deals as an angel investor 😉.
Angel Investing
Talking of which: I’m presenting some interesting deals to my Angel Investors Syndicate in the upcoming period, so sign up now to get access to the best deal flow in FinTech.
Joining the syndicate and being privy to the information is completely free of charge. Once you decide to co-invest alongside me, it only takes a small fee to syndicate the deal.
That’s it for this week! I need to jump on the bike now to train since I’m preparing myself for a big race 😎. I didn’t really train the right muscles when I was in Vegas last week, but then again, when in Vegas, who does?
I want to ask you one more time to please follow the podcast and let me know if you have any tips, tricks, or other feedback!
My team and I are learning as we go and can use any help we can get to improve over time so we deliver maximum value! We aim to serve.
Many thanks and you’ll hear from me soon!
Cheers,
Marcel.