Fintech investments have reached an all-time-high during 2021 🚀
According to , fintech startups raised a total of 125 billion dollars in VC funding globally during 2021, which is almost three times more than the year prior. Early-stage funding is also on the rise, especially in Europe and emerging markets. In 2021, almost 1.8k early-stage fintech rounds were completed.
What we’re seeing now is an Open Finance Movement, where consumers are gaining ownership and control over their money, financial data, and investments. What does this mean for your bank, you may ask? The way we see it, banks that understand these changes and are fast to implement innovative solutions for their consumers will have a competitive edge over the ones that don’t. One example of the magnitude of this movement is the recent news that to add new products and services that will take them into the future.
More banks now realize the growing importance of boosting their innovation in the WealthTech sector – a unification of wealth, savings and investments, and technology. This, for example, includes social trading platforms, robo-advising, and digital wallets. In the post-pandemic world, where , there’s a lot to gain. In Europe alone, the number of retail investors has doubled since the beginning of last year. One of the many opportunities that WealthTech holds is social trading platforms – open and accessible communities for traders where users can exchange information and inspiration.
In times of uncertainty and fluctuating markets, we’re seeing an even greater need for proactive communication from banks and brokers. How do you inform your customers about important events relating to their portfolio? If you’re asking me, the bank should know what's important for their customers – and make them aware of it instantly. This is something we've been working on a lot recently, and it turns out it’s a really good thing – for example, when Netflix recently dropped 20 percent in just a few hours. Since I own stocks on Netflix, I instantly received a notification about it, and it made me want to share community insights about what people are saying and doing about Netflix right now.
Why Social Trading Matters to Gen Z
Learn how social trading will support a more informed and empowered generation of investors.
Navigating 2023: A Year in Review at StockRepublic
2023 was an incredibly difficult year for many businesses - particularly in tech. For StockRepublic, however, it was a year full of positive milestones - from product releases to customer wins to new team members.
Season’s Greetings from StockRepublic & a Snowy Stockholm
We had a productive 2022, launching hi!stocks with comdirect, a Developers page, and our Social Trading API. We expanded into the German market, secured InnoFinTech funding, and gained three new clients, including Placera. Despite market uncertainty, we surpassed our 2022 sales targets.