With a recent $1.4B raise from Softbank, Harinder Takhar sees plenty of room for expansion, and no reason to IPO any time soon.
Responding to user demand and improving the speed of transfers has been just as important to Transferwise's success as lowering fees.
The bitcoin/blockchain and insurance tech categories reached highs in Q1'16. The payments space saw relatively consistent funding activity.
Both deals and funding to payment tech startups increased in Q2'16 with funding rising 59%. The quarter saw Affirm raise a $100M Series C.
Joe Lonsdale, general partner at 8VC, is skeptical regarding robo-advisors and believes payments is overcrowded.
Traditional banks are under attack from a number of emerging specialist startups. Here are the FinTech startups unbundling banking.
Funding to payments startups recovered a bit in Q1'16, but is still way off the quarterly funding levels seen in 2015.
From point-of-sale solutions to money transfers, payments makes up one of the largest categories within the larger fin tech industry.