Wefox has raised a $650 million mega-round following strong revenue growth in 2020. And doubling down on further European expansion will tap into the growth of the European insurtech space and drive profitability.
The pandemic paradoxically helped pad consumer’s bank accounts—and banks now face the reckoning that fees are unlikely to return to historic levels.
Telehealth contributed to higher consumer satisfaction with health plans amid the pandemic, per new J.D. power data—but long-term adoption of the tech remains uncertain as congress has yet to make pandemic-era telehealth regulations permanent.
Open finance provider Belvo raises $43 million: The Latin American financial data aggregator, which started operating in three of the region’s markets last year, will use its proceeds to scale and deepen offerings—giving its fintech customers chances to collect data to improve their own products.
Starling to cease thwarting transfers to crypto exchanges: The UK-based neobank will lift its ban on moving money to crypto exchanges, which it imposed due to concerns about financial crime—in contrast to its competitors’ courtship of crypto.
Neobanks, the digital disruptors of the fintech world, will see the number of US account holders reach 20.2 million by the end of 2021, more than double the number just two years ago, according to our inaugural Insider Intelligence forecast for digital-only banks. Neobank Chime, which was founded in 2013, is well ahead of its competitors. It will hold steady as the industry leader, but there will be a shift this year for the No. 2 spot.
Headspace is teaming up with health benefits platform Solera Health to expand its reach to more employers and payers—here’s why the duo could flourish.
Fitbit is reportedly adding a snoring-detection feature to its wearables that gives users a “sleep animal” persona as it plays catch up with the Apple Watch.
Years of faltering smartphones forced the company to abandon its handset segment, but increased demand for consumer electronics has presented LG with a well-timed strategy pivot.
Following months of controversy surrounding its privacy policy update, WhatsApp announced it would no longer penalize users for refusing to accept the update’s terms. But for WhatsApp, the reputational damage is done.
Mozilla will target your sun sign to teach you about data privacy: The browser rolled out an educational ad campaign across Facebook and Instagram, in the hopes of providing more transparency when it comes to ad tracking and targeting.
Read while you shop: Amazon continues to ramp up its investment in India, this time testing out a section for articles by local media outlets on its app and website.
Twitter Blue: The platform’s plans for a subscription offering came to light last week, and it’s just one of the many ways Twitter is looking to diversify its revenue stream.
Google lays out tools to navigate its next phase: At its Marketing Livestream, the tech giant announced even more shoppable features, as well as a slew of more privacy-minded ad options.
In China, out-of-home (OOH) was among the hardest-hit ad formats last year. Though spending on outdoor ads will start returning to normal this year, where and how brands deploy them may be anything but ordinary in a post-pandemic China.
Amazon has enrolled millions of devices without user consent, potentially exposing private Wi-Fi networks and user data, and using customers bandwidth to connect.
On today's episode, we discuss what the world will look like in 2030. Who will be the digital ad giants, how much shopping will we do online, will bank branches disappear, and more. Tune in to the discussion with eMarketer vice president of forecasting Monica Peart, senior director of forecasting Shelleen Shum, and directors of forecasting at Insider Intelligence Cindy Liu and Oscar Orozco.
Acorns is going public via a $2.2 billion SPAC to accelerate its user acquisition growth–and this won't be the last investing app going public this year.