🦄 1 out of 5 global Unicorns is a Fintech.
🏆 Fintech holds the 1st place in the "Unicorn Club" with a total share of 20.8%, followed by software & services with 18.9%, e-commerce with 10.4% and AI with 7.8%

The global fintech and blockchain economic shift is happening now, and you can join it this summer at Unchain Fintech Festival (https://unchainfestival.com).

👀 Read more about it in https://www.forbes.ro/1066-companii-unicorn-recunoscute-in-acest-moment-in-lume-254480?mc_cid=6e4fb7d1f6&mc_eid=e24f32cdeb

#fintech #blockchain #innovation #unchainfestival

📈 The number of Hungarian FinTech companies has witnessed continuous growth over the past few years - the 2019 numbers show already 130 companies that engaged in FinTech activities in Hungary.

💸 Increasing sales revenue and improving profitability was the main characteristic of the FinTech segment, due to the favorable economic environment and expansion of the sector.

🔥 In the case of Hungarian FinTech start-ups founded in the recent period, adynamic growth was observed.

❓Will the next FinTech unicorn come from Hungary 🇭🇺

Join us next week at Unchain Demo Nights to discover the regional fintech & blockchain startup ecosystem 👉 https://lnkd.in/emYnA55f 👈

——
Data from the Fintech and Digitalisation Report, published by the Magyar Nemzeti Bank > https://www.mnb.hu/letoltes/mnb-fintech-and-digitalisation-report-2021.pdf

#fintech #blockchain #startup #unchainfestival

🔗What's the complexity involved in the process of the #fintech field adopting #blockchain on a large scale?

Get a glimpse of the main milestones and challenges to come, as foreseen by Scala Blockchain (https://www.scalablockchain.com/fintech.html).

Forbes Romania gives us the latest report on the most investor-favored cryptocurrencies worldwide. Bitcoin, Ethereum, and Binance are the top 3 favorites. https://www.forbes.ro/tarile-in-care-criptomonedele-sunt-pe-val-257598

Some unicorn interesting stats, via Cristian Dascalu:
👉 147 current unicorns worldwide 🌎 in the European Investment Fund Venture Capital portfolio🚀!
👉 2/3 of those 🦄 are in #Fintech, Business/Productivity, #Health or #eCommerce.
👉 on average these unicorns are 8.5y old and they have reached a valuation over $1bn in 6.9y after their foundation.
💡For some perspective, EIF VC-backed funds are currently invested in 8,000+ companies.

The International Monetary Fund reports that fast-moving #fintech innovations can prove to be a challenge for regulators in the monetary world, as it tends to be true for any true disruptive technology.

That's why our upcoming event in Oradea (13-14 July) will bring together not just investors, big players, startups, and experts in the field, but also regulators and representatives of institutions involved in defining the playground rules.

https://blogs.imf.org/2022/04/13/fast-moving-fintech-poses-challenge-for-regulators/

✍️The Unchain #Fintech Festival is making headlines on start-up.ro. Read the full story at the conclusion of our first Demo Nights pre-event below.
https://start-up.ro/first-unchain-festival-demo-nights-event-successfully-selects-finalists/

💡 Marc Rowan, the CEO of Apollo, warns all financial players to embrace the disruption brought on by #blockchain and #fintech or they will be the ones getting disrupted.

Read on for savvy insights from one of the biggest pioneers of private equity and contemporary finances.

https://www.bloomberg.com/news/articles/2022-04-19/apollo-s-rowan-warns-rivals-to-ignore-blockchain-at-their-peril

💡 According to Business Insider, 66% of financial institutions see payments as the primary benefit of using blockchain, while 56% and 41% are convinced that securities and anti-fraud are the chief advantages of blockchain.

🚀 What do you think about using #blockchain in #finance and #fintech?

💯 A great overview of the positioning of #fintech companies and unicorns in the #financial services landscape, traditionally dominated by #banks.

Source of analysis: QED Investors (whitepaper here: https://www.qedinvestors.com/blog/whitepaper-best-practices-in-bank-fintech-partnerships).

⚡️ Embedded finance is experiencing a hype akin to a gold rush. But how are these forecasted numbers actually calculated? Myth debunking from Forbes at its finest. https://www.forbes.com/sites/ronshevlin/2022/04/25/the-7-trillion-embedded-finance-and-baas-gold-rush

🚀 We are getting closer to our second Unchain Demo Night (for Austria🇦🇹, the Czech Republic 🇨🇿, Slovakia🇸🇰 or Poland🇵🇱) and we are proud to have some of the most well-known experts in the region on board. They will decide which startups will get a fast track to the Unchain Fintech Festival.

🏆 Special thanks to our Jury of VCs:
- Juraj Kralik, co-host Fintech Hub CEE
- Federico RC (Federico Rota Candiani), 3VC Austria
- Artur Banach, Movens Capital Poland
- Michał Lewandowski, CFA, Elevator Ventures Austria

🔥 Stay tuned for a Fireside Chat during the deliberation, while we wait for the pitching winners to be announced, moderated by Cosmin Cosma, our host.

👉 Join us live on WED, May 4th at 4 PM CET and meet the startups and the jury. https://lnkd.in/dEdwJryF

#fintech #startups #innovation #unchaindemonights #unchainfintechfestival

💡 The first #CBDC in Haiti takes shape. More&more countries are considering digital #currencies.
🚀 How will this transform the #financial landscape? We'll discuss #CBDCs at our 2-day event in Oradea, 13-14 July with the CEE reps involved in the process.

https://www.bakersfield.com/ap/news/emtech-and-haitipay-unveil-the-first-cbdc-proof-of-concept-for-the-haitian-market-leveraging/article_e082ca96-2736-5a6d-a83a-6a89ef46219b.html

🚀 The popularity of fintech among
consumers and businesses alike is directly reflected in
its projected market size.

🔥 Way beyond a fad, fintech is here to stay and shape
the way we handle 💸 money for the long term.

🚀 Get your voice heard in the biggest #banking #innovation study in the #CEE region!

Fill in the #survey here and receive the exclusive #research report, as well discounts for future #financial industry events. Your voice matters! https://unchainfestival.com/market-survey/

💡 From the frontlines of fintech entrepreneurship, here are some of Vestinda's key lessons adapted from the corporate environment - via The Recursive.

1. Companies don’t build things, people do
2. Have clarity on your vision
3. Make time for strategic thinking and optimize for the outcome
4. Build frameworks, systems, and processes
5. You are not alone. Rely on your team
6. Listen to everyone and ask for help
7. Seek mentors and educate yourself
8. Sickening work ethic
9. Have a succession plan
10. Change is good

👀 https://therecursive.com/10-lessons-10-corporate-years-how-to-apply-to-startups/

#fintech #startups #founders #lessons

💸 As we are rapidly approaching the 4th CEE edition of Open Banking Hackathon, we are taking a deeper look into the evolution of Open Banking and the new business & monetisation models and their key uses cases.

📄 Here is an in-depth report by The Paypers giving us a glimpse into the state of the market, key players and trends to look out for in the coming years >> https://thepaypers.com/online-mobile-banking/the-paypers-launches-the-open-banking-report-2021--1251969#

We would not be surprised to see in the coming editions some of our Open Banking Hackathon teams joining in the lines of European fintech innovators! 😉

#fintech #openbanking #CEE #hackathon

Do you know that in 2022, fintech was the second most funded industry in CEE, and fintech startups received close to 💸 20% of the total funding for the region?

If you're wondering what CEE fintech startups would benefit from rising market trends, you've come to the right place ✔️.

More details, here 👉🏻 https://therecursive.com/who-are-the-pioneers-and-emerging-stars-in-the-hottest-fintech-verticals/

#investments #fintech #fintechstartups #vcs #investors