Tech News

Rainbow or storm?

elcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here.

Some fintech companies are weathering the storm better than others and seeing an end in sight. In particular, startups using AI to fight money laundering and fraud seem to be enjoying tailwinds.— Anna

Consolidation ahead

If you are a freelancer in Europe, you have probably heard of Qonto, a challenger bank for individual and small businesses that now boasts of 400,000 customers in France, Italy, Spain and Germany.

I had a call with CEO Alexandre Prot earlier this week, and he used a metaphor I found quite telling to describe the current state of fintech in Europe: a rainbow in a storm. “There are people who see the rainbow, and then there are people who still see the storm,” he said.

Articles You May Like

FBI Warns of Dual Ransomware Attacks and Data Destruction Trends
Spyware vendor exploiting kernel flaw in Arm Mali GPU drivers
NSA Establishes AI Security Center
Patreon launches new features, a redesigned app and a new look
Cloaked manages your logins with proxy emails, phone numbers and a built-in password manager

Leave a Reply

Your email address will not be published. Required fields are marked *