FinTech is having a moment; there’s no doubt about that.
In 2016, FinTech deals reached $24 billion worldwide, InsurTech investments reached over $1 billion, and there were 650 FinTech deals in the US. More corporate venture arms dabbled in FinTech investments last year, and eight out of ten regional and community banks are collaborating with financial startups.
Other players are getting involved as well: the White House held a FinTech Summit last year, and governments around the world are creating policy “sandboxes” to facilitate financial innovation. Even retailers like Walmart are getting in on the action.
All of this activity provides a great opportunity for FinTech entrepreneurs, but it also makes it difficult to stand out: the competition for investment, strategic partners and customers is fierce.
This year, Village Capital and PayPal are leading an ecosystem of partners to scale and support a group of FinTech and InsurTech ventures. In addition to making two $100,000 investments, the program will provide access to a diverse group of investors, industry experts and entrepreneurs that can help a venture stand out.
Below are some of the perspectives you’ll get from our network, along with hands-on engagement committed to helping to improve your business. To get started, submit your company for consideration by our March 24th deadline, and learn more here.