Fintech 100 List Released By CBInsights But Is It Really Useful? 

The latest Fintech 100 list published by CBInsights is a bit disappointing if we’re being totally honest. That’s because apart from a few noteworthy Fintech names such as Mintos, Payhawk, and a few cool startups, the list from CBInsights is pretty much a boring one. It’s also unclear as to how some of these companies got on the list to begin with.

But in this insightful take from the Web3 and Fintech Foundation, we will not be bashing anyone. On the contrary, we are here to simply highlight a few Fintech trends that are really transforming the existing financial services ecosystem.

Fintech Top 100 Lists Are Not What They Used to Be!

One of the areas that’s really ripe for disruption is the traditional credit cards model, because people are losing purchasing substantially thanks to infinite money printing by central banks, and not to mention crippling inflation following changes to society due to the COVID outbreak of 2020.

While these digital transformation trends seem inevitable, one can hardly find any good Fintech companies on that silly CBInsights list that are worthy of being considered promising or even remotely high potential.

But there are a few gems on there like Mintos, which is an investment platform serving European markets. While Mintos does not really offer much in terms of great investing opportunities, their hearts or rather vision seems to be in the right place.

They seem to want to democratize investing for all and make it accessible for more, thus enabling financial inclusion (whatever that means lol). Anyways, in addition to investing and buy now pay later products that can reshape the traditional credit model, there’s also this thing going on called Earned Wage Access. 

Earned Wage Access is that Great Fintech Shot in the Arm!

So if you are living paycheck to paycheck or are finding it hard to make ends meet, then you can forget all about discipline. Just sign up to a Earned Wage Access Fintech solution so that you can get your money as soon as you earn it instead of waiting an entire month. These benefits are supposedly expected to enhance our financial wellbeing (yea, right). Moving right along, we have some Regtech stuff too.

Although people argue that Regtech is not exactly Fintech, I would tell them that technically IT IS! That’s because Regtech is applied to enhance AML and KYC stuff on Fintech Platforms (Duh). Anyways, more seamless Regtech solutions are being developed in order to enhance existing financial services, which are increasingly shifting online.

Working Capital Fintechs Anyone?

While we are on the topic of Fintech, like we always are, we should also note that there are some great Insurtech firms out there too like Lemonde, Cowbell, among others. Although Insurtech is great and all, previous CBInsights lists (which used to be much better) have highlighted the great role that working capital Fintechs like C2FO have been playing in improving existing financial services.

Not only that, but we have many so-called crowdfunding platforms available to us now like Republic Europe (formerly Seedrs) and Crowdcube.