The use of fin-tech both commercial and personally is exponentially increasing with technology advancements providing innovative solutions for efficiency, convenience and access to our finances.
In a society where card usage is the preferred choice of payment and money management, there is no surprise Fin-tech was the most active sector for capital raising in 2017. With significant investment appetite, the number of start-ups within the sector is exponentially increasing. According to the “Mind the Bridge, Tech Scaleup Europe: 2018 Report”, there was a 30% increase in US Fin-tech startups between 2016 and 2017. In comparison, the number of Fin-tech startups in Europe has doubled YOY since 2014. Why? A simple answer. Technology is rapidly changing and evolving our lives in more ways than we can imagine. Concepts and ideas deemed unimaginable a decade ago, today, a simple reality.
RoosterMoney another a great example. Arguably, a target market not traditionally considered by fin-tech firms but a disruptive concept nonetheless. Its brilliance in its pure simplicity.
At Polestar we come across a number of great companies looking to raise finance for future expansion. The majority of which provide innovate solutions. Commonly, a concept or idea is never enough. Investors primarily want a return (an attractive one in all cases). In reality, commercial viability is essential for success and the roadmap to achieve seven digit revenues in a finite time requires planning and (more importantly) perfect execution.
Pocket money app RoosterMoney has become the latest player to release a prepaid card for kids, which works by parents loading it with money which children can then spend in shops, on the internet or by withdrawing cash at ATMs.
