f you haven’t noticed, Europe’s startup scene is in full bloom, with more than $30 billion deployed in startups across the continent over the last 12 months and more than 20 countries now home to a so-called unicorn company.
2019 has been an outstanding year for the Fintech and the financial services industry in Luxembourg. Agility, access, engagement, and diversity are some of the characteristics that place Luxembourg at the beating heart of the EU financial services sector and the perfect environment for Fintech innovation. Looking at 2020, here are the 5 Fintech perspectives to check.
Monica Desai Weiss is an investor at Silicon Valley venture capital firm Kleiner Perkins, where she focuses on fintech and blockchain. Forbes spoke with her about the past year in fintech and her top predictions for 2020. The conversation has been edited for brevity and clarity.
The trend of the global financial service companies investing in African fintech businesses continued this year. Card giants Visa co-led a $170 million investment Series C round in Branch in April and also invested $200 million for a 20% stake in Nigerian payments processor Interswitch, confirming the company’s status as Africa’s first fintech unicorn.
The past 12 months have contained some momentous landmarks for Saudi Arabia’s financial sector, from the inclusion of the kingdom's stock market into the MSCI Emerging Markets Index to the continuous strong demand for its sovereign debt bonds and Saudi Aramco’s record-breaking initial public offering earlier this month.