AltFi’s 10 most read stories in 2021: part 1

CharacteristicsAlternative loansDigital bankSavings and investment

We’ve listed the most popular AltFi articles with readers over the past 12 months, including Best Fintechs to work for, Crypto’s European expansion, and Revolut.

Image source: Spendesk.

2021 marked another mixed year for fintech, with Covid-19 still causing disruption but not enough to derail colossal funding rounds, international expansion and phenomenal industry growth.

Over the next few days, we’ll be charting the biggest stories of the year, and to start, we’ll take a look back at our most read stories.

Here are the most popular AltFi stories of 2021, from # 10 to # 6.

10. Forget Bitcoin, DeFi is the real fintech boom

Niels Pedersen, senior lecturer at Manchester Metropolitan University, kicked off the year in January with an opinion piece on AltFi tackle the growing trend of DeFi or decentralized finance.

Beyond the price of Bitcoin, Pedersen explored the drip of blockchain adoption both among fintechs and large financial institutions.

From HSBC using a blockchain-based app to facilitate a letter of credit for an international oil shipment, to the Saldo app that allows Mexicans in the United States to pay utility bills for loved ones back home.

He concluded that “fintechs can become intermediaries between conventional finance and the most promising blockchain networks”.

Read more: Forget Bitcoin, DeFi is the real fintech boom

9. What are the best European fintechs to work for in 2021?

In August, AltFi partnered with Glassdoor to answer a crucial question: What is the best fintech in Europe to work for in 2021?

Looking through its thousands of employee reviews, Glassdoor concluded that the Paris-based Spendesk spend management platform ranked number one in Europe, with an average rating of 4.9.

Pierre Verstraeten, Head of Personnel at Spendesk, said AltFi that: “We believe that a company culture is the sum of all the individual behaviors and the processes that we establish for the team – therefore values ​​should be part of each of these processes and be the basis of our behavior. “

Several other household names made it to the Top 15, however, with Mollie (5th), Thought Machine (9th) and Starling Bank (15th) all ranking at the top.

We will have to wait to see how the ranking will evolve next year …

Read more: What are the best European fintechs to work for in 2021?

8. Revolut Introduces 11 New Cryptocurrencies As Users Flock To Crypto Trading

Crypto trading has been a huge success for Revolut, even when it launched in 2018, helping to give the banking challenger their first month of profitability.

With crypto returning to a peak in 2021, Revolut has doubled down with numerous announcements, including a dramatic expansion in the tokens on offer.

In April, he added Cardano, Uniswap, Bancor, Filecoin, and seven more tokens to his 20+ coins that he was already offering.

Revolut said these tokens were selected because they were the “best engines” that UK and European fintech customers were asking for.

Read more: Revolut Introduces 11 New Cryptocurrencies As Users Flock To Crypto Trading

7. Payback loan program: the good, the bad and the ugly

That all changed in March, when the UK government announced the replacement of its Bounce Back Emergency Loan Program (BBLS) and Coronavirus Business Interruption Loan Program (CBILS).

The new acronym on the block would be RLS, or Recovery Loan Scheme.

RLS would simplify matters considerably by being a loan guarantee covering amounts ranging from £ 1,000 to £ 10million, but also cause controversy in its own way.

Initially, the concern of companies was that affordability controls were introduced, potentially slowing the deployment of capital.

However, the real challenge in the months that followed would be the painfully slow process, even for existing BBLS and CBILS lenders, to be accredited with this new program.

Read more: Payback loan program: the good, the bad and the ugly

6. Revolut banks on banking, is launching as a bank in ten EU countries

Another mention for the popular British fintech, this time as it has transferred more of its European accounts under its Lithuanian banking license.

The move, which impacted accounts in Greece, Croatia and Romania, meant that accounts in 10 more countries would see their deposits protected in the event of Revolut defaulting.

“The launch of the bank in ten new European markets will provide an increased level of security and confidence to our customers and allow us to launch a multitude of new products and services in the near future”, said Virgilijus Mirkės, CEO of Revolut Bank at the time. .

A key market that Revolut’s bank still lacks is obviously the United Kingdom, where fintech continues to work on its banking license.

Read more: Revolut Banks on banking, launches as a bank in ten EU countries

Check back tomorrow for Part 2 where we reveal the five most read stories of 2021!

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