Jul 6, 2016 On Our Blog

Fintech Investment is Exploding — 5 Ways Governments & Ecosystem Builders Can Help

with Sheel Mohnot Investment in fintech companies is up 8X in the past 5 years, with over 200 financings for a combined $4.9 billion in 1Q2016 alone.   “Silicon Valley is coming. There are hundreds of startups with a lot of brains and money working on various alternatives to traditional banking.” Jamie Dimon, Chairman and CEO of JPMorgan Chase, pointed out: “Silicon Valley is coming. There are hundreds of startups with a lot of brains and money working on various alternatives to traditional banking. They are very good at reducing the ‘pain points’.” Quarterly financing to VC-backed fintech companies has been growing immensely: But investment is not flowing freely everywhere.   For example, in 1Q2016, Chinese fintech companies received $2.4 …


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Jun 23, 2016 On Our Blog

PreMoney 2016: The Global Investment Community Crosses Paths in San Francisco

PreMoney Brings Together US + International Angels, VCs, LPs Eric Osiakwan, Managing Partner with Chanzo Capital in Accra, Ghana, traveled more than 7,600 miles to attend PreMoney San Francisco. “The world is flat,” he said, sipping a Coke immediately after his panel discussion, “Crossborder Investing: Let’s Go Global, Baby.” “When I started in tech in 1998, one of the terms that really rang in my ears was ‘the global village,’” said Osiakwan. “Today, it’s very real.” How real? Earlier in the day, Osiakwan bumped into Jill Ford, Head of Innovation & Entrepreneurship for City of Detroit. “We first met in Ghana in 2002,” he said. “I didn’t know she would be here! After I finished my lunch, I was walking out …


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Apr 13, 2016 On Our Blog

“Good Companies Solving Real Problems” — That Happen To Deal With Your Money

Before becoming 500 Startups’ FinTech manager, Sheel Mohnot consulted for a company that was striving to be more competitive after the 2008 financial crisis. When pitching ideas, “the answer was often, ‘raise the fees on your customers,’” said Mohnot. “I didn’t like that.” In his view, shaking users down for nickels and dimes creates little value over the long term. “I fundamentally believe that the way to build an amazing business is to make people’s lives better.” Mohnot discovered his affinity for financial services and products as an early team member of Kiva, the social lending platform that’s granted more than $837M in micro loans to 1.9M people. “It has had a huge impact on what we’re trying to do at 500 …


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