Perspectives

Originally posted by AlleyWatch The uncertainty of the pandemic has introduced financial uncertainty to millions of Americans. During these difficult times, budgeting...

This past year was a whirlwind for fintech. The pandemic hit many businesses like a hurricane, with lenders suffering the most damage. But as government stimulus checks hit bank accounts and consumers began buying everything online, some of the most popular personal finance apps and payments companies thrived. Digital banking startup Chime tripled its valuation in six months, reaching $14.5 billion in September.

As you mull ordering some last-minute gifts or goodies, chew on this. Amid the frenzied journeys to restock fridges or drop off stocking stuffers, drivers and shoppers for on-demand delivery apps like Shipt, DoorDash and Instacart must navigate a maze of pandemic-induced obstacles, any one of which can shrink their pay.

The social impact of fintech, and a shifting VC landscape, and predictions for 2021. Listen to the podcast on Finovate Podcast.