This Week in Fintech ending 28 January 2022

This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives.

Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder & CEO at  Kryptonio a “keyless” non-custodial bitcoin and cryptocurrency wallet, that lets users manage bitcoin and crypto, without private keys or passwords and Weekly Columnist at Daily Fintech) @iliashatzis wrote The digital euro is on the way

Digitalization is affecting everything and is accelerated by the pandemic. One area unable to escape this accelerated trend is money. Money inventions have challenged and transformed the structure of the financial system throughout history. Time and again, innovations have sparked disputes about the dangers they represent and the benefits they provide, as well as the role of central banks in fostering financial trust. Not so long ago, cash was more or less the only way to make an immediate purchase. However, we have grown accustomed to using forms of private digital money such as online bank transfers, debit cards, and applications on our smartphones or smart watches.

Editor note: Ilias makes the case for CBDCs as an interim step to a stateless currency like Bitcoin.

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Tuesday Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote: Part 4: Impact Investing for economic empowerment

There is a big difference between philanthropy/ charity and impact investing. Philanthropy/charity has no revenue model. Such pure giving is needed at the lower levels of Maslow’s hierarchy of needs where the donees have no capacity to pay anything.

Editor note: The big question is whether Fintech only serves big companies or whether it can be used by all of us? Is it Fintech4Us or Fintech4Big&Wealthy? Can the 99% use Fintech to better their lives? Is there a real level playing field?

Wednesday Alan Scott Managing Director EMEA at 24 Exchange @Alan_SmartMoney wrote his weekly roundup of Stablecoin news.

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Thursday

Rintu Patnaik, an Insurtech expert based in India, wrote: As Insurtech valuations tumble, Hippo Insurance gears for growth

In general, technology stocks declined substantially on Wall Street in the past year, but insurtech stocks saw major declines. Lemonade fell 78% to a market cap of $2.3 billion, less than its trading day price in July 2020. Hippo crashed 77% since entering the NYSE through a SPAC merger last year, seeing current market cap drop to $1.5 billion from $ 5 billion at the time of the merger. Root, which specializes in car insurance went public in 2020 and lost 88% within a year. Metromile, another American car insurer that went public via a SPAC merger a year ago, lost 87%, and was acquired by Lemonade. Oscar Heath saw its share price collapse by 79% since its March ’21 IPO.

Editor note: this is a timely post as all investors rediscover the V word – valuation

Christian Dreyer @x3er, the Swiss based CFA who focusses on how XBRL changes our world wrote his weekly roundup of XBRL news.

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Friday Howard Tolman, a well-known banker, technologist and entrepreneur in London, wrote his weekly roundup of Alt Lending news.

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