Wealth-tech startups to watch — Insurers battle COVID claims — What's next for SMB lenders
Advertisement
Dan DeFrancesco
Sep 2, 2020, 17:21 IST
Two men talking at the door of the American Stock Exchange in Wall Street, New York City. Both of them are wearing protective lab coat, gloves and masks.Getty Images
Happy hump day.
Advertisement
The Wall Street Journal took a look at some of the early wins insurers have had in court over businesses looking for payouts on business-interruption claims from the shutdown due to the coronavirus.
The argument is this: Businesses say lost revenue from the government-mandated shutdown should be covered under their policies. Insurers disagree, saying virus-related claims aren't covered.
The volatility the US stock market has seen over the past six months has led many to reconsider their personal finances.
It's no wonder, then, that startups in the wealth management space have attracted plenty of attention. Wealth-tech startups raised $1.2 billion in venture funding in the second quarter.
The list is a good mix of direct-to-consumer and behind-the-scenes companies. Rebecca also got some great insight from investors on why these startups are read to pop.
NewsletterSIMPLY PUT - where we join the dots to inform and inspire you. Sign up for a weekly brief collating many news items into one untangled thought delivered straight to your mailbox.