For this week’s research article, we dive into new insights on freelancing, proptech, corporate payments and blockchain. Enjoy researching!
Freelancers are waiting 3x longer to get paid than contracted staff – report finds (FinTech Global)
Freelancers wait three times longer to get paid than full time staff, as firms struggle with both cash flow and payroll issues, according to research from Sonovate. Its report also found that 53% of all small and medium businesses currently use, or have previously used, contractors. This figure reaches 81% when looking just at medium sized businesses. Despite this, 27% of SMEs admit to taking more than 90 days to pay contract staff, which is three times longer than the average time for permanent employees. Furthermore, the figure increases to 37% among medium sized businesses. Read more
France dominates European PropTech deals in H1 2022 (FinTech Global)
France stands out in Europe, accounting for four of the top ten European PropTech deals listed, as well as 45% of capital invested in the sector across nine deals for H1 2022. The UK had the most deal activity with 23 deals in total, 28% of deals in the first half of 2022 although only accounted for 18% of funding raised. France’s large deals sizes and later stage funding rounds signal a maturing sector and will likely raise the most capital in Europe in the short term but the UK’s quantity of smaller deals signal more activity and innovation and will likely vie for the top spot in Europe. Read more
Why fintech and crypto are transforming corporate payments (FinTech Magazine)
With new technologies and digital currencies, innovation is driving change in the corporate payments space. As the world races towards an increasingly cashless world, the corporate payments space is transforming. There are ever-more innovative ways to carry out transactions and companies are demanding ever-faster, more friction-free solutions. User experience is driving a change that has been accelerated by the global pandemic. But is this skyrocketing drive towards progressively cashless solutions sustainable? Read more
Blockchain in FinTech Market Size To Reach USD 31.4 Billion By 2030 With 47.9% CAGR – Report by Market Research Future (MRFR) ( FinTech Futures)
According to a comprehensive research report by Market Research Future (MRFR), “Blockchain in FinTech Market Analysis by Service Provider, Interaction Channel (bank branch, mobile application), Organization Size, Application (Payment, Smart Contract) — Forecast till 2030” valuation is poised to reach USD 31.4 billion by 2030, registering an 47.9% CAGR throughout the forecast period (2021 to 2030). The report segments market dynamics into service providers, interaction channels, organization size, applications, and regions. Of these, the service provider segment comprises applications & solutions, middleware & services, and infrastructure & base protocols. The interaction channel segment comprises bank branches, mobile applications, websites, call centers, and others. Read more
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