Studies present that fintech funding fell in 2022 in comparison with the earlier yr. In the meantime, the US authorities reached its authorized debt ceiling on Thursday. In different information, Mapfre launched its new model MAWDY, taking a extra digital method in Latin America and the EU.
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Fintech Funding Drops in 2022
Fintech funding dropped in 2022 in comparison with the earlier yr however was greater than in 2020, based on a report by CB Insights. Funding was greater within the US, the EU, Asia and Latin America, however within the final area, funding dropped by 71%, which was probably the most vital proportion drop in fintech funding for any area yr on yr (YoY). Unicorn births additionally confirmed a pointy drop on an annual foundation. “Between 2021 and 2022, the brand new unicorn depend fell by 58% from 166 to 69,” based on the report.
Mapfre Launches New Digital Model for its Help Division
Insurance coverage and monetary large Mapfre’s help division will start a brand new period in 2023 with the launch of its new model MAWDY, taking a extra digital focus in Latin America and the EU. Over the previous few years, Mapfre underwent a profound reorganization of its help unit’s geographic footprint, product, channels and worth proposition, which resulted within the launch of MAWDY. The brand new model will concentrate on distribution agreements by way of B2B and B2B2C channels primarily based on digitization, the core of the unit’s transformation.
B2B SaaS Gross sales Is Tough In Latam however the Prize Is Value It
A superb B2B SaaS answer with poor distribution will fail whatever the market the place it operates, explains Nima Pourshasb, CEO, Minu: “B2B gross sales is tough. Gross sales rock stars are always poached. Gross sales tech stacks are repeatedly upgraded as new revolutionary instruments shortly turn out to be best-in-breed. Even top-performing groups aren’t totally happy with their hiring and coaching processes. Gross sales enablement efforts to optimize instruments and methodologies by no means finish.” Latin American markets, besides Chile, are at an earlier evolutionary stage than the US, the place patrons repeatedly evaluation the newest B2B software program choices out there and resolve whether or not to proceed with or substitute their instruments. Individuals generally take a “if it ain’t broke, don’t repair it” mentality.
US Reaches its Authorized Debt Restrict. What Does This Imply for Mexico?
The US authorities reached its authorized debt ceiling on Thursday, prompting the Treasury Division to deploy extraordinary measures and monetary accounting instruments to curb authorities investments, so the payments proceed to be paid. Nonetheless, these measures may very well be exhausted by June, bringing alongside an financial meltdown. In a letter to Congress, Treasury Secretary Janet Yellen said that the federal government would start utilizing extraordinary measures to forestall the nation from breaching its statutory debt restrict and requested lawmakers to boost or droop the cap so the federal government might proceed assembly its monetary obligations. The measures taken by the US authorities might have a spillover impact in Mexico and even affect coverage within the Latin American nation.
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