Category: Fintech

Decentralized Finance: Driving Towards Mass Adoption

Source: Block Data, 2021
Source: Block Data, 2021

It is the middle of 2022 and we are in the midst of another shock to the financial and crypto markets. We have seen that crypto is perhaps more correlated to the broader financial markets than we initially thought: Bitcoin is down ~70% from 2021 highs, hovering near prices not seen since 2020, while the Nasdaq is down more than 30% during the same period. Tech and crypto giants are announcing waves of layoffs amidst the shifting economic outlook. But as we enter another “crypto winter”, we are also seeing a profound resiliency from the crypto and web3 communities that are shifting into build mode.

As fintech investors, this is a signal that decentralization — the very promise that crypto offers financial services industry — is here to stay. This is a signal that we will soon move from decentralization for ideological reasons to decentralization for practical reasons — because it will in fact become cheaper, faster, and 10x better user experience.

We recognize that (Read more...)

Payvidors, Unbundled: Opportunities in Healthcare Fintech

There’s long been chatter about the analogies between financial services and healthcare. Both are massive, regulated markets with technological adoption challenges, legacy oligopolies, and tons of customer pain – and even fear! Both exhibit opportunities at the data and infrastructure

The post Payvidors, Unbundled: Opportunities in Healthcare Fintech appeared first on Andreessen Horowitz.

Building Balanced Exposure to the Blockchain Economy

The following content is sponsored by MSCI

blockchain economy infographic

Building Balanced Exposure to the Blockchain Economy

Blockchain technology extends far beyond Bitcoin, Dogecoin, and other popular cryptocurrencies, as it provides a foundation for verifiable financial systems and proof of ownership for digital goods and assets.

From privacy concerns to anti-trust issues, big tech has eaten away at the world’s trust in the technology sector. As people search for better and more trustless solutions for their financial services, the blockchain economy is flourishing to meet their needs.

This infographic from MSCI outlines how quickly decentralized solutions and services have grown, and how investors can be a part of this exciting new sector.

The Three Key Trends of Blockchain Adoption

By cutting out the need for a centralized middleman that facilitates transactions, blockchains can provide more efficient systems to power three key trends of the fintech future:

  • Digital hard money and assets
  • Decentralized finance (DeFi)
  • Digital goods and collectibles

As the first cryptocurrency and deflationary monetary asset, Bitcoin is the ambassador for digital hard money. By having a fixed supply of 21 million bitcoin set in code and a decentralized network powering transactions on the network, Bitcoin provides anyone access to a deflationary digital asset that they can transfer in minutes without having to trust centralized intermediaries.

While Bitcoin pioneered the blockchain revolution over the past decade, further functionality built on blockchain technology is enabling digital goods and collectibles with non-fungible tokens (NFTs) along with more equitable and trustless financial systems through decentralized finance.

(Read more...)

Yonder launches with £20M seed round to rebuild our relationship with credit

This post is by Natasha Lytton from Seedcamp

The credit industry has gained criticism over the years, and rightly so with many companies profiting from their customers, rather than putting their best interests at heart. We believe there’s a huge opportunity for a challenger to come in and create a proposition that genuinely serves people’s needs. That’s why we are excited to back Yonder as they come out of stealth with their new credit card, built by ClearScore alumni, and with £20M in funding following a pre-seed round we led of £850k in February 2021.

The concept for Yonder was borne of CEO Tim Chong’s frustration with the struggle of accessing a quality credit provider as an Australian in London – despite a successful career and excellent credit score back home. While credit cards hold the key to building a credit score, securing purchase protection, managing cash flow, and numerous membership perks, Chong found countless customers were underwhelmed by the options available. The market size for ‘credit invisible’ customers who are underserved by current credit providers stands at 5.8 million people across the UK. Yonder’s mission is to restore consumers’ confidence in credit and eliminate stress and complexity from the customer experience.

“For too long, credit cards have short-changed and/taken advantage of consumers. Hidden fees, discriminatory credit scoring, and rewards that belong in the 1990s, all in the interest of the bank’s quarterly earnings,” said Yonder’s CEO and co-founder, Tim Chong. “We’re challenging the status quo with a beautiful card that helps our members discover the best of (Read more...)