Sifted - Digi banks' growth slows 🐢

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 Fintech 

 

Digi banks' growth slows

 

Do digital banks really have the upper hand in lockdown? Data could suggest otherwise.

The big players' month-on-month user download statistics from February and March 2019 to 2020 show dips across the board— and not only are the like of N26 and Revolut slowing down, smaller neobanks are also seeing slumps.

Perhaps it's not all bad though. 

Isabel Woodford crunches through the data.

💪 Strengthen your leadership team in challenging times 💪 

 

What do Elvie, Truelayer, Elastic, Mambu, Beamery, Kobalt, Circle CI, Snyk and Celonis all have in common? 

 They’ve all partnered with Erevena to find key members of their leadership team.

Everena recruits C-suite executives and board members for VC-backed high-growth companies across Europe and the USA. 

Here are some of the key hires they’ve recently helped companies with. [Sponsored post]

 Finance 

 

Cashflow management 101

 

Companies have been heavily advised to do two things to make it through the crisis — cut spend and increase their cash runway.

But how, exactly, should they be doing that?

Last week, Sifted partnered with Soldo and gathered a virtual panel, featuring Accel partner Sonali De Rycker, Taster CFO Caroline Tulloch and Soldo's Darren Upson to find out. 

Read the main takeaways here.

There's a new report in town ✨

 

Credible and available data on European startups has always suffered a drought — until now.

In collaboration with Dealroom and backed by the European Commission, we bring you 'European Startups'.

Our first report reveals the impact the coronavirus pandemic is having on the early-stage tech ecosystem across Europe.


Download the report here.

 Diversity 

 

Diverse minds to solve big problems

 

The coronavirus crisis is separating the wheat from the chaff in the diversity and inclusion department. While some organisations with D&I embedded in their systems are adapting well to challenging times, others are now sidelining it. 

But now is precisely the time that diverse teams and inclusive cultures will make their mark, argues Katja Toropainen.

Find out why.

Sifted Suggests 

 

🇺🇦 The Ukrainian VC landscape. The Ukrainian Venture Capital & Private Equity Association has released its 2019 overview report – sharing a lot of insights into its investment relationship with its startups.


🌱 Remote investments on seed companies. Early-stage investor Seedcamp breaks down the process of making investments in an entirely digital manner, after investing in three pre-seed companies – from the tools it used to the challenges it faced.


👼 Not everyone’s giving up on mobility. The European Super Angels’ ‘Invest and Connect’ startup award event is returning, with a focus on smart mobility. It’s all things to do with transport innovation, and a great chance to get connected with investors and startups across Europe.


🧐 Business ownership transparency. This insightful read explores how the pandemic has forced us to view the nitty gritty of entrepreneurship, minus the glitz and glamour.


👁️ Keep an eye on Beauhurst's Covid-19 resources for UK SMEs. It's being updated regularly, from government announcements to handy tools businesses can use to help them.

Events (digital only!)
 

🇵🇹 The Pioneers by Portuguese Women in Tech | Lisbon | 28 April
Join Startup Portugal and Le Wagon for the launch of a new report spotlighting Portuguese women in tech.

🇳🇱 Hiring and growing inclusively in startups | Amsterdam | 29 April
This workshop will share insightful research and essential tools to facilitate diversity and inclusion in your company.

🇬🇧 Accessing the government's 'Future Fund' | London | 30 April 
The UK government's recent initiative to support the startup ecosystem has been met with a lukewarm response. In order to understand all aspects of what the fund entails, Digital Capital will guide you through if and how you can utilise it. 

Sifted resources

Connor Bilboe
Editorial Assistant 


Get in touch with him at connor@sifted.eu.
Let him know what news you want to read.
Follow the whole Sifted team for news and views: 
@MStothard@amyrlewin@maijapalmer@MimiBilling@kittygknowles@johnthornhillft, @i_woodford, @Marie_a_Paris@KitGillet@timmpsmith, @connorbilboe
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