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With 38 deals reported – one shy of the weekly record – fintech companies raised $303 million worldwide the first week of June. Fintech deals by size from May 28 to 3 June, 2016: Partners Life. HQ: Minneapolis, Minnesota. Tags: Institutions, B2B2C, mobile banking, UX/UI. Online insurance. Latest round: $134.5 Stratifund.
There is an understanding that technology and fintech are going to cause radical change, but the how, how big and when are still very unclear. Even with worries around an allegedly discriminatory algorithm, Silicon Valley UX met big bank Wall Street money in slick onboarding that has our attention. Enough of the scare talk.
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