Instant Satisfaction
Nothing is better than the instant satisfaction of receiving money due to us when we request it. We no longer need to wait for our bank to clear person-to-person, business-to-person, or B2B transactions.
It’s a new era of instant money transfers, which can be deposited within seconds or minutes through various payment platforms. Apps can detect payroll processing two days before payroll, making money instantly available to employees before payday. Banks that use these technologies provided through third-party apps (thank you, startups) are already delivering instant customer satisfaction.
What does this mean for the rest of the banking industry, which may not be on board with emerging payment technology?
- The days of holding our monies for their benefit are over
- Customers will leave if they “can’t get no satisfaction”
Enjoy, courtesy of the Rolling Stones – (I Can’t Get No) Satisfaction
Notable trends this week…
- Awards increased over the last week
- The payments sector is HOT for deal activity
- 50/50 split – domestic and foreign deals
Up next are this week’s top 5 VC deals…
1Finally
$200M, Series B, Capital | Equity & Debt | Miami | Fintech | Undisclosed | https://finally.com/
LinkedIn Overview:
“Finally is a fast-growing fintech company whose mission is to help small & medium-sized businesses automate their accounting and finance.”
2Form3
$60M, Series C, Capital| Equity | UK | Payments | British Patient Capital, Visa, Goldman Sachs, MasterCard, Barclays, Molten Ventures, 83North | https://www.form3.tech/
LinkedIn Overview:
“Form3 develop payment technology. We offer a fully managed, payment technology platform for Financial Institutions as-a-Service...“
3Huma Finance
$38M, Capital | Equity| VA | Payments | Distributed Global, Hashkey Capital, Folius Ventures, Stellar Development Foundation, TIBAS Ventures | https://huma.finance/
LinkedIn Description:
“The First PayFi Network. Huma powers financing of global payments, with instant access to liquidity anywhere, anytime.“
4FlapKap
$34M, Capital| Equity & Debt | UAE | Fintech | BECO Capital, Pact VC, A15, Nclude, QED Investors, Channel Capital | https://www.flapkap.com/
LinkedIn Description:
“Fast. Flexible. Friendly. SME Financing Get funding for Retail, Ecommerce, Restaurants Get Funded in 48hrs.”
5YUP
$30M, Series B, Capital | Equity | NYC | Payments | MindWorks Capital, XVC, SWC Global, Richen Pioneer, Antao Capital | https://yup.io/
LinkedIn Description:
“A social layer for the internet where opinions are monetized and social capital is truly measured.”
