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2016 Media Jobs in Fintech — Companies to Watch

Once upon a time there were banks, and there were only banks. This was the extent of the finan­cial indus­try for the most part, and then came fund man­age­ment and oth­er exten­sions of the bank­ing and finance indus­try. But they were, for the most part, just that — exten­sions of the exist­ing struc­ture. Then the Inter­net became ubiq­ui­tous, and out of the pri­mor­dial online ooze crawled Pay­Pal. Sud­den­ly things were different.

Since then we’ve been intro­duced to a new ver­sion of the finan­cial indus­try, known as fin­tech. A merg­ing of the finan­cial indus­try and the dig­i­tal rev­o­lu­tion, fin­tech crawled slow­ly after Pay­Pal become the major play­er, and to some the only play­er, in the emerg­ing fin­tech world. But as all dis­rup­tive indus­tries do, fin­tech pro­gressed from crawl­ing to walk­ing, and today it is run­ning in full stride and gain­ing speed. Now we have mobile pay­ments every­where, online bank­ing, and even cryp­tocur­ren­cies like Bit­coin that threat­en to crush the old bank­ing sys­tem and pave the way for a new finan­cial world altogether.

It’s no won­der that VCs are care­ful­ly con­sid­er­ing new fin­tech star­tups and throw­ing sig­nif­i­cant invest­ments at some. If you’re con­sid­er­ing jobs in fin­tech, it would be great to know who some of the more promis­ing up and com­ing com­pa­nies are in the sec­tor, so Media Jobs is hap­py to ful­fill that desire by bring­ing you a short list of them that have enjoyed VC fund­ing through the sec­ond quar­ter of this year.

A Trade­stream­ing sur­vey uncov­ered three trends in invest­ments from a group of 40 VCs and which fin­tech com­pa­nies they’ve financed over the past three months.

1) Non-US invest­ments — Com­pa­nies out­side the US are get­ting VC atten­tion, par­tic­u­lar­ly in the emerg­ing mar­kets of Latin America.

Com­pa­nies worth not­ing include:

  • Trans­fer­Wise: Inter­na­tion­al trans­par­ent mon­ey transfers
  • Nubank: Dig­i­tal finan­cial ser­vices com­pa­ny in Brazil
  • Cap­i­tal Float: Dig­i­tal finance com­pa­ny tar­get­ing SMB’s in India

2) Invest­ments in B2C fin­tech com­pa­nies — Over 65% of the VCs inveast­ed in B2C fin­tech com­pa­nies, in large part due to the Mil­len­ni­al gen­er­a­tion and their demands for new­er, bet­ter, and more per­son­al prod­ucts and ser­vices than pre­vi­ous generations.

Com­pa­nies worth not­ing include:

  • Cir­cle: Inter­na­tion­al online payments
  • Dig­it: ser­vice that checks spend­ing habits and auto­mat­i­cal­ly sweeps mon­ey into sav­ings when possible
  • Bet­ter Mort­gage: help­ing con­sumers get bet­ter mort­gages online

3) Invest­ments in insur­ance tech­nol­o­gy — Insur­ance Tech­nol­o­gy is still in the crawl­ing stages, but may be a very promis­ing sec­tor in the years to come as issues in the tra­di­tion­al insur­ance sec­tor (like the ongo­ing health care prob­lems) have entre­pre­neurs look­ing at new and more holis­tic solutions.

Com­pa­nies to watch here include:

  • Clover Health: Low cost health­care provider
  • Jet­ty: Prop­er­ty and casu­al­ty insur­ance tar­get­ing millennials
  • Bright Health: Afford­able health insur­ance plans

There’s lit­tle doubt that the fin­tech indus­try will be a source of growth and employ­ment in the future, and the wave is far from crest­ing yet. The com­pa­nies list­ed here are worth look­ing into for any­one con­sid­er­ing a job in the sec­tor, and even if none of these are your per­fect employ­er they can still give you good ideas about what you should be look­ing for to find that per­fect employer.

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