Perspectives

Room for everyone in post-pandemic fintech [Entrepreneur]

Crises are catalysts for innovation. When longstanding ways of doing essential things cannot continue because of circumstances beyond our control, technical expertise and entrepreneurial flair make possible new ways of doing these things. The Covid-19 pandemic is the crisis of the century and amid all the suffering it has caused, the innovation it has driven in our financial sector is proportionate.

Financial health startup SeedFi raises $65m [FinExtra]

SeedFi, a startup promising to help Americans build their credit and savings, has raised $15 million in equity and $50 million in debt. Andreessen Horowitz led the round, with participation from Flourish, Core Innovation Capital, and Quiet Capital. SeedFi is one of several fintech outfits targeting the huge swathe of Americans stuck in cycle of debt and with little or no savings.

SeedFi Banks $65M To Help Americans Build Credit, Savings [Crunchbase]

Saving and building credit are two of the most difficult challenges for a majority of Americans. In fact, statistics show that 69 percent of Americans have less than $1,000 in savings, while 61 percent ran out of emergency savings by the end of last year.

The 13 Largest NYC Tech Startup Funding Rounds of January 2021 [AlleyWatch]

Armed with some data from our friends at CrunchBase, I broke down the largest NYC Startup funding rounds in New York during January 2021. I have included some additional information such as industry, description, round type, total equity funding raised to further the analysis for the state of venture capital in NYC.