fintech 50 Archives - CFTE

CFTE Fintech 50: 5 Years in Fintech – Motif Investing

cfteadmin — Thu, 08 Aug 2019 04:54:34 +0000

The “Fintech 50: 5 Years in Fintech” is CFTE’s most ambitious project to date, and we have put together a comprehensive report detailing the fate of the top 50 Fintech firms back in 2014, and how they have fared in the five years since. We will be publishing a series of daily snapshots, focusing on one company and the milestones they have achieved.
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As its name suggests, Motif Investing is a company that operates in the investment vertical, and can currently be categorised as a growing firm. Since 2014, it has grown quickly, more than tripling users from 100,000 to 350,000, and establishing partnerships with and securing investments from Goldman Sachs and JP Morgan.

Through its platform, investors could select themes in which to invest in via bundles containing up to 30 assets. Investors would pay to access these portfolios, which were put together by Motif’s algorithms. Recently, the company has introduced a separate platform for professional advisors to manage client investments.

Some key milestones include its partnership with JP Morgan Chase back in 2015 to provide a platform for individuals to invest in IPOs, and introducing an AI-themed investment portfolio in 2018. Currently, it has a partnership with Goldman Sachs which launched themed ETFs this year, and it has also launched a waitlist for a blockchain-themed portfolio which could help it re-establish itself as a leading investment platform in the US.

Although its growth has been steady, it has not reached the same heights as its competitors. Through five rounds of funding, Motif has raised a collective total of US$126 million, with its most recent Series E round happening back in 2015. However, it has been fairly quiet on the investor front since.

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We are a platform supported by senior leaders from the largest institutions, startups and universities. We address the needs of professionals in finance to upskill in a rapidly changing industry being transformed by emerging technologies. More than 50,000 participants learn from our online courses, such as AI in Finance, Fintech Foundation or Extrapreneurship, a mini-MBA with fast growing startups such as Revolut or Shift Technology.

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CFTE Fintech 50: 5 Years in Fintech – Kabbage

cfteadmin — Thu, 08 Aug 2019 04:45:46 +0000

Kabbage has been called “the leading online small business lending company in the US”, and can be categorised as a company that is currently scaling. Since 2014, the firm has increased lending five-fold, from US$2 million to US$10 million daily. Even then, Kabbage was the market leader in the space since 2009, and their experience in the segment clearly shows.

Using alternative data from seller channels, social media and shipping, it was able to quickly analyse the viability of applicants seeking loans to kick start small businesses. To date, it has lent money to around 170,000 businesses in the US and is currently expanding its capabilities based on two million live data connections.

While its contemporaries have experienced setbacks or fallen by the wayside, Kabbage continues to grow, providing banks with its consumer lending and small business platforms via white label offerings. Some of its other milestones include reaching unicorn status with its Series E funding round in 2015, issuing US$500 million in asset-backed securities in 2017, and partnering with Alibaba to offer B2B lending in North America just this year.

In terms of investment, Kabbage is one of the most successful firms in the Fintech 50. Having raised six rounds of funding, its latest Series F round in 2017 saw it securing a US$250 million investment from Japan’s Softbank Investment Advisers. To date, the firm has raised a collective total of US$488.7 million.

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CFTE Fintech 50: 5 Years in Fintech – Wealthfront

cfteadmin — Thu, 08 Aug 2019 04:38:40 +0000

Wealthfront is a robo advisory firm and can be categorised as a growing company in this vertical. Back in 2014, it was one of the leading robo advisors in the space. Even then, the robo advisor market was considered crowded, but Wealthfront quickly reached US$1 billion in assets under management to be one of the standout players in the industry. It only targeted US consumers and has continued to maintain this practice today, with all clients required to be US citizens and residents.

While other robo advisors have moved on to a B2B model, Wealthfront continues to focus on the US domestic B2C market but has also expanded its services to include freemium financial planning and FDIC insured money market accounts. This is also reflected in its growth milestones over the past five years. As of this year, it has around US$13.5 billion worth of assets under its management, having consistently recorded a steady increase year-on-year. This also cements its status as one of the top two robo advisors in the US today, along with Betterment.

In terms of investment, Wealthfront has been doing very well, having secured five rounds of funding to date. Its latest Series E round managed to raise US$75 million from Tiger Global Management, having previously raised US$126.5 million in the four rounds prior. This brings its cumulative total up to US$201.5 million.

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