We know, everywhere you look: Doom and Gloom. COVID-19, Travel Bans, Crashing Markets, Empty supermarket shelves, we’re really going through it. We aren’t here to brush it under the rug but…we’re going to join the good news movement. So let’s focus on some of this week’s brighter stories: Funding cycles are showing resilience and the funding of fintechs continues, like Purely Capital’s
150 Million USD raise. Alipay
is taking things to the next level and has opened a platform that can serve as a payments gateway for 40 million service providers across China - pretty impressive! Regulators have taken note that the time for a stress test is not when Banks are going through one, and as such the EBA has postponed it’s stress testing
for this year. Things are a little tough right now for the financial sector, especially those in capital markets - but we must take a look at how we can stay ahead of the game and how we can let the current crisis spur us into action towards a better, more digitally connected world - something we are more than capable of - just ask Chris Skinner
. We are confident that the fintech community has got this!
That’s all from us for now, but remember: Don’t panic, wash your hands and keep smiling!
- The Holland FinTech Team