Wealth-tech startups to watch — Insurers battle COVID claims — What's next for SMB lenders
Happy hump day.
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. Advertisement
While this is a war that will likely play out for a while, the initial decisions made by courts are critical, as they could set a precedent. If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.
77890338 The volatility the US stock market has seen over the past six months has led many to reconsider their personal finances. Advertisement
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.
Rebecca Ungarino highlighted 10 early-stage startups in the wealth management space recommended by top venture capitalists.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. Advertisement
Fintechs catering to small businesses are hurting, and that's creating hard-to-ignore opportunities for incumbents to make cheap acquisitionsShannen Balogh looked at SMB lenders and why incumbents are keen to go bargain hunting. Click here for the full story.Advertisement
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