Startups Blog

Wealthtech is truly booming - to the tune of more than $42 billion in growth nationwide by 2028. On the back of a barnstorming 2021 (where funding in the niche breached $14.5 billion), the future's bright. But what are startups doing to make wealthtech appealing to businesses and consumers? With three-quarters of all Americans already using associated platforms, we're in the eye of the storm.

Wealthtech

The luxury watch market is steadily growing with no plateau in sight. Between now and 2027, it’s expected to grow by an impressive 2.69% CAGR. Therefore, it’s no wonder that many startups wish to take full advantage of the burgeoning niche. However, there’s a significant boom in second-hand luxury, too.

While many venture capitalists are keen to keep their interests within US borders, Canada seems ever more lucrative. It’s estimated that around 95,000 new companies launch across the Great White North every year. What’s more, there are many reasons why startups choose to base themselves in Canada - thanks to attractive subsidies. But what is it about the tech scene in Canada that’s proving so appealing to VCs worldwide?

The global supply chain is truly enormous - and yet, it remains sensitive to disruption. Statistics show that up to 22% of managers are willing to embrace new models to boost chain resilience. Could the answer lie in startups and innovators working purely in chain reinvention? New funding opportunities are appearing thick and fast - and robotics may hold the answer to chain-based headaches.

Investing in startups can seem a little precarious. On the one hand, investing in exciting new ideas - and passionate expertise - can be lucrative. However, various studies suggest around 80% of ventures are doomed to fail. Does this balance out at all for those injecting money into said schemes and innovators?

Artificial intelligence, or AI, is all around us. The future is automated - and millions of startups worldwide are taking full advantage of the latest tech. The global market size for AI will explode to $125 billion by mid-decade.

The past two years have led to dramatic change across various industries - fintech among them. In 2021, data shows that US fintech venture capital almost doubled year on year. Following the uncertainty of 2020, therefore, we may be forgiven for thinking fintech fortunes are on the rise. But are we heading straight into a downturn - and what will this mean for those working in the industry?

Any individual or company working in the financial industry expects to adhere to many different regulations. Money is extremely sensitive - and in many cases, companies turn to RegTech specialists to help navigate the red tape. RegTech, as it stands, reportedly made $5 billion in 2018. But what exactly is this niche, and what do RegTech startups do?

The Ukrainian situation continues to have an impact on a global scale. The impacts both tangible and intangible are devastating the country. It’s safe to say that Ukraine, pre-February 24^th, 2022, had a thriving startups scene. Growth statistics show its tech sector alone grew by 36% in 2021.

While many people will likely associate San Francisco as the startups capital of the globe, there’s excitement out east. Statistics show that India is undergoing incredible entrepreneurial growth! This is to the extent that, as of the start of 2022, there are now at least 83 different unicorns. That’s a massive boost in fortune for small enterprise owners nationwide.