Profit, Expansion, and the Future of Fintech Firms
Hi there! This week, some fintech startups have been able to achieve incredible milestones, whether that’s in terms of profitability or in massive funding rounds.
Let’s take a look at what’s happening and how you can learn from your competitors to achieve your own success.
If you are in the beginning stages of your fintech company, where every penny needs to stretch as far as possible, making use of hiring models like staff augmentation is definitely the way to go.
You hire developers for what you need, without the commitment of full-time salaries or the expense of additional employee benefits. To learn more about how outsourcing can help you stay profitable, check out this article!
Monzo, a British digital bank founded in 2015, has reported its first-ever profitable year! Their profit was by no means small, at £15.4 million, and their overall revenue increased 2.5 times.
This major financial milestone for the company has opened up incredible opportunities going forward. We’re excited to see what lies in store for Monzo, from region expansion to a potential IPO.
What can you learn from their success? Profitability doesn’t have to be sacrificed in order to grow. In fact, it can facilitate additional opportunities.
Using tools like staff augmentation and outsourcing for the most cost-effective software development possible can help you get there.
Airwallex is also making headlines after announcing it just closed a $300 Series F funding round!
This puts the value of the Singapore-based company at $6.2 billion. What will the global payment firm’s next move be? It seems like global expansion and seamless cross-border payments are their primary focus.
From our research, we see that these niches are trending in the fintech industry, including subfields like agentic AI-facilitated payments and decentralized finance.
Could there be an opportunity here for you to take advantage of? Our fintech specialists are ready to join your team, assisting with technical development or even regulatory and security compliance.
Other Stories Worth Noting
The fintech industry is changing rapidly. Here are some other notable headlines:
Shift from BNPL to EMI Loans: According to the Economic Times, companies are shifting from Buy Now Pay Later to more traditional Equated Monthly Installment loans. The reason? Regulatory changes and shifting consumer demands. There may be opportunities for new products.
Payflow Raises €10 Million for Expansion: The Spanish fintech startup, Payflow, has just secured funding for a regional expansion. Their new target markets include more of the EU and Latin America.
Digital Dollar Stablecoin Rumors: Major banks, including JPMorgan Chase, Bank of America, and others, are discussing the possibility of a joint stablecoin in response to the competitive crypto markets. Make sure to keep a closer eye on this, it could change how we bank permanently!
Final Thoughts
The fintech industry is changing quickly. You need to make sure that you are staying on top of these changes, and you have access to developer talent that can bring your required changes to life.
Staff augmentation is our recommendation. Collaborating with a company like Trio allows you to connect with the right people in a matter of days, sometimes even hours.
If you have found value in this newsletter, share it with a colleague or friend who may benefit, too. Anything to add? Hit reply! We love to hear from you.
Until next time - keep expanding!
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