Although Financial Markets have surged again (unless you’re with Robinhood, who missed trading on the day of the biggest surge since 2009 due to a technical outage) since last week’s catastrophic drop - fears of the Covid-19 virus’s ongoing quest for global domination has the financial sector paying attention - and its regulators as well with the ECB issuing a letter
to European banks ordering contingency plans to ensure business continuity in the event of a mass outbreak across Europe. The Coronavirus is not just affecting banks, but also the way in which the financial value chain operates, with FinTechs feeling the pain too.
Despite it all - funding continues and the future is looking bright for FinTech VC Anthemis
, raising 81.6 million Euro, and Lendio
raising a further 55 million Euro.
That’s all from us for now, but remember: Don’t panic, wash your hands and keep smiling!
- The Holland FinTech Team