Fintech

Little did we expect at the beginning of 2022 that the 2nd half of this year would turn out to be quite rocky and most probably a turning point for the tech industry in general, and fintech more particularly. For over a decade, a low interest rate environment around the world has fueled investment with traditional VCs beginning to compete with the arrival of hedge funds, sovereign and family offices in the space.

Not until too long ago, banks and fintech used to see each other as competitors, but now the tendency is to increasingly work together! And Purpl is no exception as our Co-founder & CEO explains in this piece for Entrepreneur

The financial services industry has a long history of underinvesting in underserved communities, like the youth population (people between the ages of 15-24 as defined by the UN). Fintech, one of the key elements in shaping the financial industry, is working hard to close these gaps and empower underserved groups through technology.