W
elcome to the TechCrunch Change, a weekly startups-and-markets publication. It’s impressed by the every day TechCrunch+ column the place it will get its identify. Need it in your inbox each Saturday? Enroll right here.
Some fintech firms are weathering the storm higher than others and seeing an finish in sight. Particularly, startups utilizing AI to combat cash laundering and fraud appear to be having fun with tailwinds.— Anna
Consolidation forward
If you’re a freelancer in Europe, you might have in all probability heard of Qonto, a challenger financial institution for particular person and small companies that now boasts of 400,000 clients in France, Italy, Spain and Germany.
I had a name with CEO Alexandre Prot earlier this week, and he used a metaphor I discovered fairly telling to explain the present state of fintech in Europe: a rainbow in a storm. “There are individuals who see the rainbow, after which there are individuals who nonetheless see the storm,” he mentioned.