April showers apparently did not bring May fintech startups. Last month, 64 fintech startups were launched or sought new rounds of financing, according to a Bank Innovation analysis, up 6.7% from April. In April, the number of launches climbed more than 13% compared to the previous month. There were a total of 1,358 active fintech startups last month, up 3.3% compared to April. About 7.4% of the startups known to be soliciting investments are fintech companies — up from 7.2% in April. Among the more interesting startups launched or raising rounds last month were Loanscribe, which offers lending services to medical students; Village Power Finance, which finances renewable energy projects for non-profits; and Pocket Change, a “turbo-charged” allowance cards for parents to give kids. Bank Innovation bases its analysis on data from AngelList and F6S, sites that list tech startups from around the world.
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