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Nex Cubed, an investor that creates and accelerates frontier tech companies, has named Mike Ma as Managing Director of its FinTech Accelerator and has announced seven companies selected to participate in its Spring 2020 FinTech Program. Over the last three years, Nex Cubed has established itself as a leader in early-stage innovation and acceleration, creating a global ecosystem of strategic investors, with 140 mentors, 50 advisors, 3 industry-specific Centers of Excellence, 20 corporate and government partners, and...

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Fintech companies are becoming significant players in the U.S. economy, with firms such as Credit Karma, Tradeshift and Plaid enjoying extraordinary success as they use technology and innovation in an effort to transform the financial services industry. In 2018, for example, fintech investments in the U.S. reached $11.9 billion, a new annual high, according to CB Insights. But despite the favorable trend, fintech startups also face the same reality that all startups do – raising...

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