Middesk’s Post

The Fintech Times recently surveyed several organizations to learn about their biggest operational challenges and trends in 2023 and beyond. Wildfire's VP of Operations, Scott Ritch, was quoted in the article, discussing how Wildfire is evolving our ops team to address new challenges and leverage our data most effectively. https://lnkd.in/gy5zZ77c #startup #fintech #operations #ops #operationalexcellence #ops #operationalefficiency #dataanalytics #staffing

Has the time to disrupt in Fintech SaaS passed? In 2023 alone, there were 49 Fintech SaaS acquisitions, so even if you have a top-notch product, you're competing with well-established giants diversifying through acquisitions, collaborations, and more. Our Fintech SaaS series explores competition, challenges, future innovations, and standing out in a saturated space. Key takaways from industry leaders include: 🔑 Remaining relevant: Diversity is vital. Avoid concentration risk by offering comprehensive solutions. 🔑 Securing growth: Niche focus stands out. Modernize, offer more than software, and embed services. Innovation is key! 🔑 Data analytics: Leverage data for a competitive edge. Master data visualization, user-friendly analytics, and robust security. Now is the time to act: Embrace shifts, form smart partnerships, and use data wisely. Fast movers will lead the way in this evolving Fintech SaaS space. Read what industry experts say about the growing competitive Fintech landscape 👇 https://lnkd.in/eHt7z2it #Fintech #FintechSaaS #FintechInsights #DataAnalytics #EmbeddedAnalytics

Fantastic to see GoCardless CEO Hiroki Takeuchi featuring in Sifted's article with a 93% approval rating. Great recognition of his commitment to transparent communication. At Spring Partners, we're proud to support leaders who make a genuine difference. Read more about the rankings and these fintech unicorns here: https://lnkd.in/dE9SGPWg #fintechstartup #fintech #europeantech #glassdoor #employeereview #springpartners #consulting #consultingbusiness

Setting the pace or keeping up: are FinTech boards future-fit? When people talk about FinTechs, they mostly talk about bold innovations, visionary founders and dramatic growth trajectories. 📈 For promising start-ups, the conversation is often about how to scale quickly and smoothly. 🤔💭 Read our collaborative report with EY here 👇 https://hubs.ly/Q02vzlvb0 #InnovateFinance #EY

Have you ever wanted to understand what the full end to end onboarding process is like to onboard with a bank as a supplier? I've been privileged to see it from both sides and understand the complexities which each party experiences; it's part of what drives us in TechPassport and is a major factor in us setting up the Think Tank and Supplier Advisory Board. Because only through understanding can we work to improve things. And Knowledge is Power. We're seeing Tech Budgets across many banks are being cut and all of this creates a nervousness (understandably) for the startup community. But there are other factors at play which may cause a delay or stop to a deal, such as how Regulatory requirements or risk will always take a priority and can kick your deal down the road. If your product doesn't sit within the regulatory world, the key right now and more than ever, is to be able to demonstrate how your company can provide clear, tangible savings, revenue generation for the bank or to give them the edge in the market. This image covers a "typical" onboarding process at a high level with indicative timelines without an RFP. (note that they can change from bank to bank etc). Behind this high level process are multiple engagement points between different teams and a myriad of reasons which might cause delay within a bank, even without the interruption of a regulatory or budget change. Over the next few weeks, I'll be publishing further information as we explore the complexities of partnering with established banks with the intention of shedding some insight into what typically is going on behind the scenes and why the banks can't move as fast as perhaps so many of us start ups would like (for now!). Let me know in the comments below if there is anything specific you would like me to focus on. Layla TechPassport #ThinkTank #TechPassportThinkTank #SupplierAdvisoryBoard #bankinginnovation

👏 Congratulations to our portfolio companies wi-Q Technologies and BankiFi on finishing 5th and 7th in BusinessCloud's 2023 FinTech 50 list. 🙌 The coveted list ranks the most exciting companies doing innovative work in the financial space and is decided via a public vote and expert judging panel. ⚡️ Check out the full list in the comments! #VC #VentureCapital #VCFunding #Founders

I couldn't be happier to share a fantastic review from the CTO of a fintech partner we've been working with for six months! Take a peek at our latest case study below to see how we helped them grow their fintech team fast and launch new products in the Asia Pacific market. #fintechdevelopment #successstory #partnership #itoutsourcing #ittalent #techsolutions #casestudy #fintech

"Purpose-driven fintech companies can attract top talent, accelerate growth, and boost business agility and innovation." Creating a strong company purpose that encapsulates the values and goals of a company is vital to company growth and success. This purpose acts as a guide in decision-making processes and helps portray authenticity to consumers. #BusinessGrowth #Fintech

As 2023 comes to a close, let’s look back at some of the highlights from the year - by the numbers, of course. 🔥 89,102 - the number of companies our global team evaluated through our data-driven sourcing platform, Searchlight 🤝 14,485 - the number of founders our team engaged with across the US and Europe 👏 27 - the number of follow-on investments Headline made in the US and Europe 🤩 9 - the number of new Headliners who joined our portfolio AG5 Skills Management Software, Brite Payments, Blynk, DBeaver, Heard, iink Payments, Plumery, Mistral AI, Verse 💚 4 - the number of portfolio exits we celebrated, generating more than $6.5B in total exit value. Congratulations to the teams at Scopely, Pismo, WideOrbit and Blinkist. We also added 10,000 square feet to our global footprint with a beautiful new office in the Presidio of San Francisco, hired 15 new team members across the investing and platform teams, and celebrated 25 years of venture investing. We’ve been privileged to partner with founders across the consumer, infrastructure, B2B SaaS, and fintech sectors this year. Despite market volatility, many have shown admirable resilience. Companies have adapted by reducing below-the-line budgets, prioritizing more technical talent and leadership to drive product innovation, and engaging with the platform shift toward AI. While we expect uncertainty and a challenging macro economic environment to continue into 2024, we’re eager to spend another new year backing talented operators building impactful products. More in our newsletter 👉 https://lnkd.in/dHkXrN5k