10 Best Fintech Companies and Stocks in 2021
Financial technology is the driving force behind the rapid digitization of the world. Fusing the concept of financial services with new technology, fintech companies aim to improve traditional methods of moving money around by offering lower costs, time efficiency and improved access for businesses and consumers to manage their finances. For example, the term fintech can describe many processes, such as online money transfers, mobile payments, loan management, or investments, all done digitally without the need for middlemen.
Naturally, fintech is often described as a disruptor in the finance world. The financial services once recognized as the domains of banks, individual salesmen and desktop computers are now available on mobile phones with a single touch of the finger. Like other industries where digitization has led to serious introspection, finance appears to be struggling over how to deal with the new phenomenon. One thing, thoug
The kingmaker in the past decade and likely the next for breakout growth in the tech sector is Andreessen Horowitz (aka “a16z”), a venture capital investment firm on Sand Hill Road in Palo Alto with nearly $18 billion under management.
It is named after founding partners, Marc Andreessen and Ben Horowitz, two legendary technology investors who have almost singlehandedly reshaped the world over the past decade by pouring capital into a stream of disruptive innovators.
It all started – as a revolution – with Marc Andreessen’s epic WSJ editorial “Why Software is Eating the World”, published in August 2011.
The prescience of the piece is striking given the world we now inhabit nearly ten years later. In the article, Andreessen made the case that the Great Recession sparked by the banking sector crash in 2008 was at an end and that the coming age would be defined for shrewd investors by a shift to technology-driven growth.
Twitter To Have Held Acquisition Talks With Clubhouse: Reports
WASHINGTON (dpa-AFX) - Twitter Inc. (TWTR) reportedly held talks to buy audio-based social network Clubhouse.
According to Bloomberg, citing people familiar with the matter, Twitter discussed a potential valuation of about $4 billion for Clubhouse. However, the report says that the companies have stalled the discussions.
Bloomberg earlier this week reported that Clubhouse is in talks to raise funding from investors in a round valuing the business at about $4 billion.
Clubhouse is an invitation-only audio-chat iPhone app launched in April 2020 by Paul Davison and Rohan Seth of Alpha Exploration Co. The app allows users to host their own online radio shows. Listeners can tune in to hear interviews or panel discussions and ask to participate in live chats. As of December 2020, the app had 600,000 registered users and remained accessible only by invitation.
Crypto exchange Coinbase sets direct listing for April 14
The cryptocurrency exchange Coinbase is preparing for a direct listing of its stock.
(Justin Tallis /AFP/Getty Images)
By Crystal Tse, Olga Kharif and Katie Roof
Bloomberg
Print
Coinbase Global Inc., the largest U.S. cryptocurrency exchange, said it’s planning to make its trading debut April 14.
The company’s registration statement for the listing has been declared effective by the U.S. Securities and Exchange Commission, Coinbase said Thursday in a statement confirming a Bloomberg News report.
The direct listing on the Nasdaq Stock Market had earlier been pushed back from March, Bloomberg previously reported. As with other direct listings, a reference price to help guide investors and to allow the shares to begin trading will be disclosed the night before the company goes public, said people familiar with the matter, who asked not to be identified because the information was private.