FinTech Magazine - January 2022 | Page 134

TECHNOLOGY
fintech company to connect banks with other fintech firms and borrowers . It began as a lender-to-borrower marketplace , but they ' ve since expanded into a loan information aggregator known as RateBunni , which is a brand name operated by them .
When asked about the pros and cons of crowdfunding a fintech startup , Harris Schachter , Co-Founder at LendGrow , said , " Crowdfunding for a fintech has an advantage I did not expect ; an instantlyengaged fanbase of over 1,000 people . For a fintech solving real problems in consumer finance , it is helpful to have an invested and engaged audience to leverage when needed . Crowdfunding makes it easier for companies to meet their seed round , but depending on the product , can also help you iterate faster ."
Investly - ( Total Raised : c £ 640k ) Investly has the ideal combination of characteristics , which appears to be functioning well for the financial technology sector . It has a diverse array of talent , including Baltic technical expertise but is based in the fintech heartland of London ,
134 January 2022