Fintech is a rapidly developing industry. According to the various reports the transaction, Pipe has raised another round of funding at a $2 billion valuation, just weeks after raising $50 million in growth funding. Pipe has recently raised $150 million in a massively oversubscribed round led by Baltimore, Md.-based Greenspring Associates, despite the fact that the round is still ongoing. The reports also suggested that even though the company has signed a term sheet, more capital might still come in. The fundraise was attended by both new and current investors. The company’s current valuation is a big step up from its previous one. Pipe has refused to comment on the offer, despite the fact that its platform was only launched in the last year. Pipe raised almost $6 million seed round led by Craft Ventures a little over a year ago to help it pursue its mission of providing SaaS companies with a funding option other than equity or venture debt.
As per the various reports, the money was used to offer SaaS companies a way to get their revenue up front by connecting them with investors on a platform that offers a discounted rate for the annual value of those contracts.
Pipe, based in Miami, recently announced a new round of investment — $50 million in strategic equity funding from a slew of high-profile investors. Pipe’s software interacts with a customer’s payroll, payment processing, and banking processes to evaluate key metrics. It then analyses the company’s results in real time and decides whether or not they are eligible for a trading cap. Trading caps currently vary from $50,000 for smaller early-stage and bootstrapped businesses to over $100 million for late-stage and publicly listed businesses, with no upper limit on the amount of money that can be traded. Hundreds of millions of dollars were traded on the Pipe platform in the first quarter of 2021.
Ever since the Fourth Industrial Revolution came into the picture, the businesses have taken off to unimaginable statures. Though the world has to face the unfortunate situations amid COVID-19 pandemic, yet the businesses have rocket-boosted. Many instances such as Apple crossing 1 trillion USD mark, Jeff Bezos crossing the 100 billion USD range and the Elon Musk becoming richest man in the world even for the short period. This article is not about the businesses, but about the business tycoons who made this revolution possible. Here are the top 10 business tycoons to follow:
Jeff Bezos
Net Worth-USD 193.4 billion
Founder of the biggest e-commerce company—Amazon, and Chief Executive Officer of the same Jeff Bezos has total assets are estimated to be USD 193.4 billion. He is the most influential entity in the business world. Though his separation with his companion in the year 2019 has taken away the one fourth of his Amazon stakes to her. He started the company in the 1994 and since then his journey has been exceptional and inspiring for many budding entrepreneurs and business individuals. This pandemic may brought many heckles to various businesses but it has brought blooms to Amazon, as numerous consumers shopped on the online.
Elon Musk
Net Worth- USD 171.6 billion
This multi-billionaire entrepreneur cum investor, Elon Musk is on the verge to make a dent in the universe by its exceptional projects. His focus is to create a transformation in the transportation both on Earth and space. He founded SpaceX with an aim to colonize Mars, and stretching the limits of human race. This rocket organization is projected to be worth around USD 100 billion. Whereas, his baby project Tesla electric cars has become one of the largest automation company with market capitalization of USD 342 billion.
In the month of January, 2021, he became the richest man in the world taking over Jeff Bezos, but soon, due to loss in Tesla shares recently he fell to second rank.
Bernard Arnault & Family
Net Worth—USD 155.1 billion
Bernard Arnault, the Chief Executive Officer and Chairman of LVMH—France stands third with the estimated net worth of USD 155.1 billion; which extends his total assets dividing in various domain which includes total 70 brands especially Louis Vuitton and Sephora. With less media appearances, Bernard has acquired around USD 100 billion in the year 2020.
Bill Gates
Net Worth– USD 123.2 billion
“Internet is the new big things.” With quoting such a statement Bill Gates did predicted the tech future. He stayed one of the richest person in the world for almost a decade straight. Currently, with an estimated amount of USD 123.2 billion, Bill ranks number fourth in the world. His Bill and Melinda Gates Foundation is one of the world’s biggest private helping hand foundation. With his partner Paul Allen, Bill Gates started the biggest software company, Microsoft, which earned exceptional success, one can ever desire for. He also held shares in Apple Inc.
Mark Zuckerberg
Net Worth– USD 98.5 billion
With an estimation of USD 98.5 billion, Mark Zuckerberg, the Chief Executive Officer and director of Facebook ranks number fifth in the race of richest business tycoons in the world. He possess 15 percent stakes in the company Facebook. He is the youngest in this list of richest business tycoons. With keen acquiring strategy, Mark acquired two most successful social media company in the last decade that are Whatsapp and Instagram. These two apps have helped the Facebook in achieving various recognition and benefits for the company. His creation Facebook helped robustly in bringing people together transforming the definition of being social.
Zhong Shanshan
Net Worth—USD 94.8 billion
Being the richest person in the China, Zhong Shanshan estimated to be worth of USD 94.8 billion making him sixth richest business tycoon in the world. He is the Chairman of a pharmaceutical company, Wantai. Moreover, prior to creating his own business Nongfu Spring, he took various jobs like development laborer as well as journalist.
Warren Buffet
Net Worth – USD 92.4 billion
Warren Buffet, one of the most respectable entity in the share market, also known as the Oracle of Omaha. His net worth is estimated to be USD 92.4 billion making him seventh richest person in the world. Warren owns Berkshire Hathaway which includes around 60 organizations. He purchased his first stock at 11 years old, and today he ranks between top 10 richest business tycoons across world.
Larry Page
Net Worth – USD 91.6 billion
Larry Page one of the benefactor of Google, is estimated to have net worth USD 91.6 billion, making him eighth richest person and securing a place in the top 10 business tycoons across world. He has invested in many organizations such as Planetary Resources—a space investigation organization, as well as in new businesses Kitty Hawk and Opener, and many more.
Sergey Brin
Net Worth – USD 88.8 billion
Being a crucial part of Alphabet and board of the committee, Sergey Brin is estimated to have net worth of USD 88.8 billion making him one of the top 10 business tycoons across the globe. Along with Larry Page, in 1998, Sergey started Google which is the biggest search engine out there. The company later on became a part of Alphabet in the year 2015.
Larry Ellison
Net Worth – USD 86.6 billion
Larry Ellison made a fortune from the company Oracle, which he with other colleague started in the year 1977. His net worth stands to be USD 86.6 billion which makes in this list of exceptional business tycoons. In the year 2014, he left the position as the Chief Executive Officer of Oracle. Whereas, he works as a Director of the board in the same company. He also holds a position as the leading member of Tesla, whose stocks are continuously rising with some backlashes.
To survive and flourish in this day and age of aggressive competition, volatile markets, complex, globalizing business world and economic conditions, businesses must necessarily leverage the wealth of data at their disposal. By analyzing and interpreting the large volumes of financial data from disparate internal and external sources, businesses can gain a competitive edge and forge ahead of their competition while continuously improving their profitability and growth.
As more businesses and domains understand the importance of financial data analytics, the demand for professionals with credentials and advanced skills is soaring up. Accordingly, their remunerative packages are turning more lavish. This is why more working professionals, in finance, banking and other fields are taking up financial analytics courses and Financial Analytics Certification.
Five ways to analyze and interpret financial data:
The best financial analytics courses will delve deeper into each of these perfect ways of analyzing financial data and equip you with the skills and tools to drive your organization towards superior performance and profitability.
Financial analytics using R and Python: R and Python are powerful tools that are used to analyze and interpret financial data.
Exploratory data analysis: This is where you find the trends, patterns and correlations between various parameters that are hidden in the financial data. Using this way, you can understand the current financial status, performance and position of a business or an entity. You can visualize the data and understand it in an effective manner.
Predictive analysis: It is not enough to know about the present and plan for it. It is very important to understand future trends and patterns in order to be profitable and grow. Predictive analytics helps in doing this. It uses forecasting techniques and statistical methods to understand the future, giving us the probability of our predictions happening in the future as well as actionable insights that are data-driven. You typically use data mining techniques, forecasting and time series analysis.
Prescriptive analysis and modelling: Is it enough to simply forecast and predict the future? No, absolutely not. Prescriptive analytics enables businesses to optimize their functioning and gain a competitive advantage in the future by leveraging the invaluable insights and simulation/ modelling techniques to understand how best to address future uncertainty and achieve the best outcomes. For instance, stock price modelling, risk modelling, etc.
AI and Web scraping (news analysis, sentiment analysis, etc.): Social media, news, etc. are powerful in affecting the way customers/ clients, investors, etc. view your business and can affect your business and financial outcomes as well. So, engaging in web scraping using AI and news analytics, sentiment analytics, etc. you can get valuable insights about factors that affect your financial performance.
Enroll in the best financial analytics courses to gain a deeper understanding of ways to engage in financial analytics.
Wealth creation is tough, you can make it easy with proper steps and accurate strategies. It is true that you can rely on mutual funds for wealth creation. It is a popular way of creating wealth.
But you have to take a high amount of risk by putting your financial assets into work and gain short term as well as long term incomes according to your investment goal.
Beside this, it is also true that the more risk you take, the more profit and success you will achieve. But the thing is as compared to stocks and commodities mutual funds are safer and one of the most stable investment platform.
You can come across huge opportunities for wealth creation. With all those high-yield stock and several bond funds, you can get the highest possible outcomes by investing your money.
As compared to gold, fixed deposits and other conventional modes of savings mutual funds are the finest tools to channelize your money in a profitable way.
Mutual funds have ways for aggressive as well as conservative users. You can expect profit from long term and short term goals.But the thing is if you want to gain profit and create wealth you should focus on the long-term plans.
In addition to that, you have to consider crucial factors like your financial goals, the horizon of your investment before setting into the world of mutual funds.
The asset management companies furnishes different types of schemes such as equity fund, debt fund, and balanced funds, and all are quite beneficial to provide you the profit in the long run.
If you like to go with high risk then you can consider large-cap and mid-cap schemes, for low-risk customers the debt funds are quite beneficial. Mutual fund investment offers several benefits and that leads to wealth creation in a healthier way.
Benefits of Investing in Mutual funds
Mutual funds are managed by professionals and experts
It provides portfolio diversification
It offers liquidity
You can avail the tax benefit
The process related to mutual fund investment is completely transparent
The return is higher as compared to the traditional investment plans
The asset management companies use your money in multiple asset classes. The mutual fund scheme is planned on a specific risk-reward ratio. So this is one of the best options for wealth creation.
But you have to choose the right scheme for higher returns and compare multiple schemes before choosing the right one for you.
There is no short-cut or any specific method to create wealth in the mutual fund. You have to go through the strategies, make a thorough research and implement those outcomes while investing. Here are the few things which you have to consider while investing in mutual funds.
Things to consider before investing in mutual funds
Set your financial goals
Make good research on AMCs
Keep your portfolio focused
Go with Long term plans
In the end, we can say, yes mutual funds can help in wealth creation. But always keep this in your mind that, investing in mutual funds in risky. However, it is also a great way for wealth creation if you put it in the correct way and choose the perfect plans and AMCs.
Life insurance is a type of insurance policy that insurance companies sell, that gives a payout to the insured person’s family after the death of the insured person. Sometimes after a fixed period of paying premiums, the insured person gets the payout after a set period of time. Life insuranc e has become extremely valuable these days, as financial security in an era of inflation and rising costs of living is very important. There are types of life insurance schemes that are sold by insurance companies and the term life insuranc e scheme has become very popular over the last few years.
Term Life Insurance
Term life insurance is the most inexpensive life insurance policy available as it is a life insuranc e policy for the insurer only for the fixed time. This means that after paying the required payments, the person buying the life insurance is insured for a term limit of time and not for their entire lifetime. In this period, the insurer gets financial security, many benefits, and also in the tragic event of death, the family gets the term life insurance money. These days life has become very unpredictable and money has become greater necessary than ever as the cost of living has risen tremendously all over the world. The following are some of the benefits of term insuranc e and why it is a must these days around the world:
Benefits of Term Life Insurance
Financial Security for the Family
The first and most important benefit of a term life insurance is the immediate financial security for the insurer’s family in a tragic turn of the insurer’s death in the term life insurance. This type of life insurance is generally taken by middle-class salaried professionals to protect the family financially for a fixed time.
Costs Lesser Than Full Life Insurance
Full Life insurance without any term limits covers the insurer with life insurance throughout their lives is very expensive and the premiums are also expensive and last for a long time. Term life insurance is a smaller compact version of life insuranc e which is available for a fixed period of time and not that expensive. There are many tax benefits available for people who buy this policy as some countries provide tax exemptions for premiums paid for term life insurance.
Protects Assets
Taking loans and buying assets becomes much easier with a term insuranc e cover than without any coverage. This means that people can buy cars, homes, and other assets by taking loans as these loan payments are made by the life insurance company even in an event of the insurer’s death. This means that the family does not lose its assets after the death of the insured individual as the insurance company makes the remaining loan payments.
Lump Sum Payout
Just like regular life insurance, the best term insurance packages give a lump-sum payout to the insurer’s family in the event of the person’s death while still under the coverage of the term life insuranc e time limit. This means that for the period of time of the term life insuranc e, the customers have all the benefits of a regular life insuranc e policy.
Critical Illness Health Insurance
Along with life insuranc e, nowadays basic health insurance coverage has also become critically important as healthcare costs are on the rise all over the world. Term life insuranc e packages many times include critical illness insuranc e. This means that illnesses like cancer or heart diseases are covered under the term life insuranc e.
The term life insuranc e gives many benefits to people and gives financial security to insurers for a fixed period. This type of insuranc e is very popular. There are many schemes in term life insuranc e available that are affordable and a must-have these days.
Most people start earning money in college itself by doing different part-time jobs and finding work online. The economy all over the world has seen stagnating wages and also a sharp rise in inflation. One of the key areas where inflation is taking a toll on students is college tuition. Before getting a high paying job, it is important to earn money to get people through college and early years of employment. There are many good ways to earn money online for freshers so that they can make money that helps them pay their way through college. College is expensive and it includes tuition, rent, daily expenses, and many other unforeseen costs. Most young people have no savings and live month by month and are constantly looking for ways to make extra money. Many times they do not have the time to pick up shifts waitressing or doing part-time jobs because of their college workload or first job workload. There are many types of jobs available online for different types of skill sets and it is easy to make money online. The following are five ways to earn money online which help people make extra cash which helps pay the bills every month:
5 Ways to Earn Money Online
Online Surveys
Corporations and Market research companies need to do a lot of research about their products and how the products will fare in the market when they are launched. To understand the market, it is essential to conduct surveys about the trends and moods of the market. There are many sites available online that pay people to take surveys online.
Starting a Website or Blog
Starting an interesting website or a blog is a great way to make money online. If the website or blog gets a lot of viewers, the owner of the website can add online advertising to the website. Online advertisers pay well to get their ads on websites or blogs that are popular online. The more popular the blog or website, the more money can be earned by online advertising on the website.
Write Articles and Books Online
Freelance writing online is a great way to earn money. Search engine optimization needs a lot of articles online for specific keywords. Also, there are millions of websites online providing information on a variety of subjects and there are many jobs available to write articles online that pay good money. Many fresher’s love to write and read books but never feel that they can make money through it. Writing novels and small books and publishing ebooks through bookselling apps is a great way to earn extra money online.
Affiliate Marketing
Affiliate marketing is a great way to earn money online if students have blogs, vlogs, and websites online. Affiliate marketing is when people with online presence do a deal with a company and then promotes their products online to their followers. This means for example if students have a website that is popular in the gadget industry, they can promote gadgets online for a specific company to earn commission from the company.
Sponsored Posts
Sponsored posts are becoming increasingly popular these days. Nowadays some teenagers and students have online social media presence on key websites with thousands if not millions of followers. Many companies contact these popular youngsters and ask them to promote their products through a tweet, post or blog recommending the products. Sponsored posts are a great way to earn money online especially with people who are very popular on social media online. This type of money- making scheme is not just popular with the celebrities but also with regular youngsters online who have gotten a large following because of their popular online posts.
Most people all over the world live paycheck to paycheck. This means that they have to live within their means and try and maintain a budget. The economy all over the world may be growing but there aren’t enough high paid jobs available for the growing demands for jobs in the world. Wages have been stagnant the world over and the inflation and cost of living continue to rise at a fast rate.
All over the world, people look to save as much money as they can so that they can pay bills and get through the month without running out of money or borrowing money. Living on a tight budget is very difficult but people start getting more and more used to living like this if there is no other choice. Also saving money starts becoming a habit. People find innovative and effective ways to save money when they are working with a tight budget. Once people get into the frame of mind of saving money, there are many easy ways in which money can be saved. The following are 5 easy ways to save money that helps people who have a tight budget:
Switch to Cash
It has been statistically proven that people tend to spend more money using credit cards in comparison to cash. Actually counting the cash in the purse and wallet and then paying with cash makes people spend less money. Another advantage is that there is a hard limit on the cash that can be carried while going out for shopping even for daily household items. Carrying less money helps people spend less money and is a great tip for staying within the budget.
Eat Homemade Food At Home
People spend a lot on restaurants, food trucks, fast food chains and buying or ordering food from outside. The food bill is tallied at the month’s end can be substantial. Food bill can be reduced in a real way if people start eating homemade food. Homemade food made of fresh ingredients from the local market is healthy and also very affordable rather than buying readymade food from out. Learning to cook can seem daunting for many people but basic recipes are easy and there are many guides and videos available online to help beginners learn how to cook.
Look For Deals
Whether it is a personal item, clothes, groceries or any type of gadgets most of these items are either bought at departmental stores or online. Nowadays there are many businesses online as well in each locality selling the same type of items. This means that there are a lot of great deals on offers as many of the business need to give deals to stay competitive. Searching for the best deals for any type of purchase is a sensible choice.
Buy in Bulk
There are many offers available for people looking to buy different types of products in bulk. For example, a pack of four soaps is cheaper than buying just a single soap at a time. Bulk purchase is always cheaper and is a great way to save money while living on a tight budget. Buying in bulk is easy in large departmental stores that are known to keep bulk buy options at affordable rates.
Use Public Transport
It is expensive to own and maintain a car especially on a tight budget. There are many cities and towns all over the world with an excellent public transport system which can be used by locals for a very low expense every month. There are private cab services available where people can hire a cab by using popular cab hire apps on phones. These apps also provide many deals and offers to attract customers. It is cheaper to use a transport service than to maintain a vehicle and this saves money on a tight budget.
Master in finance can be become a stepping stone to enter into any renowned organization across the world. And, studying managing finance and having a thorough understanding of economics is one of the sought-after fields in the MBA. Furthermore, every firm in the world needs a strong financial manager for sure. That is why the demand for management finance professional is on high. Besides, banking is one rapidly transforming field in the global scenario.
Studying in reputed universities add up so much to the career. In this modern era, the name of the college itself opens the opportunities to graduate. A well-reputed and established university helps you get both practical and theoretical knowledge. Here we are presenting the list of top business schools in the world for banking and finance.
MIT Sloan School of Management
Massachusetts Institute of Technology is one of the highest-ranked universities in the world in the QS World University Rankings. The University gets perfect scores for alumni outcomes and through leadership, reflecting its reputation of academic excellence and history of ground-breaking ideas in management as well as finance like the Black-Schools models. Sloan is also known for getting a high score for employability, graduates were offered a job within three months of graduation.
European Global School- University Paris, France
European Global School is a renowned university; it offers students a unique opportunity to attain a qualitative education and make sure they access a quality program that brings better visibility, autonomy, flexibility, and accessibility. EGS focuses on providing individual attention to every student while maintaining the highest academic standards. It also provides a multi-culture experience in and out of the classroom.
The University of Business and International Studies, Switzerland
The University of Business and International Studies pays special emphasis on finance and economics. Besides, it has a multi-campus degree where the students can study for a period of six months abroad in their allied campus in Washington DC. The university provides specific marketing certifications customized to suit the ever-changing marketplace in practicality.
London Business School, London
London Business School provides the Masters of Science in Finance course which ranks fourth among the top universities for finance and banking. This is a specialized program that is executed through a group of experts in the finance field. This is a well-recognized university, permitting the student to understand the theoretical subject in a practical way by providing internships before getting out of the university with a master’s degree.
EU Business School Barcelona, Spin
The amazing EU Business School is located in Barcelona, Spin that is a city high on business values and art scenes. The finance and economics degree is tailor-made for the student who needs a practical-oriented approach. Besides, the university always has on top ranking.
So these are the 5 best universities in the world where you can make a bright future. The banking and finance sector is unarguably one of the most dynamic industries in the world, selecting the right university can work great.
These days, technology is changing the way businesses operate and deliver products to consumers in different industry verticals. Today, we have alarms to detect poisonous substances in the air, medication equipment that identifies life-threatening conditions before they become a problem, or smarter computer software to make controlling vital equipment easier than ever before.
An industry that has seen huge innovations in the last few years is the innovation of technology within the banking world. Banking was traditionally something that was done in the non-virtual world. People would go into town to their bank to withdraw money transfer funds from one place to another and sort out their banking. People will easily speak to the staff member and interact with people in brick and mortar buildings.
These types of premises are rapidly becoming redundant. Online banking is becoming more and more sophisticated on a daily basis- we can transfer money or pay for goods with just a click.
With technological evolution, the banking process has become faster than before and more reliable. Also, it has improved the maintenance and retrieval of documents and records have become much faster and easier.
When the computer is making tasks smoother and easier in a different field, banking is not an exception. Computerized banking brings improvement in the core banking system. With core banking or CBS, all branches have access to common centralized data and are interconnected. The innovation of the MICR cheque processing system the processing of cheques has become faster and more efficient than before.
In the olden days when banking was fully dependent on human accuracy and skill, mistakes and errors were more apparent. As human capabilities have a limit, they are prone to skip several things or make calculation errors. With the emergence of computers, the frequency of errors has decreased to almost nil. Besides, it protects data much more efficiently. The present modern tech provides complete protection of your transactions and safety of your data that there is a very rare occasion on which the data is misused.
In ancient times, banking was very tiring and lengthy to boost the overall profitability in the industry. The business Intelligence system provides data for historical, current and future trends. This data aids in a way that they are able to take accurate decisions and hence can enhance the overall system and bring efficiency and profitability.
Technology has brought a revolution in the payment process; instant payment options are available in many markets despite the lack of immediate payment infrastructure. The presence of an instant payments platform offers banks an enticing opportunity to achieve the transaction speed consumers expect of their banking experience and increase customer satisfaction.
Overall, there are storm clouds on the horizon. With the evolution of technology in the sector, banking has improved significantly, revenue growth has increased and today the industry has various smart solutions for the developing problems.
It is a mind-blowing question, or so it would seem at first glance. But don’t worry! Deciding which option you should select in the question of “finance degree vs accounting degree” is easier than you would first assume.
Doing a Bachelor’s in Accounting will make you prepared you to record transactions and analyze the financial statements, in order to have a clear picture of the financial health of the company.
If you get an undergraduate degree in Finance means you will learn about long-term financial and budget planning. You will easily get how to make sure a company reaches its financial goals. Finance activities include raising funds, and gathering cash flow into from the accounting department so you create projections.
As an accountant, you will need to deal with numbers expressing sums that reflect taxes owned tax returns, income, revenue and more.
The role of a financial analyst is to create draft budgets, compare them and come with the best option to cut the financial risks and uncertainties.
Pursue a finance degree or an accounting degree?
Well, it is actually tough to select one. A person who gets an accounting degree can work in the fields of finance. In the same way, the person who gains a finance degree can also work in accounting although, it does not always apply.
If you have an interest in a particular field, you can go for that. It allows about what you are expecting to do in the long run.
Like in case, you are interested in getting a CPA, go for an accounting degree or finance degree as you wish. Here, many people say students to pursue an accounting degree because of the preparation that an accounting degree would provide for the CPA exam, and because CPAs have more job opportunities for them.
Differences in Salaries
This is a fact that there is a wide salary range in the fields of both finance and accounting. Both fields hold very strong progressive prospects. As per the data presented by BLS, the median pay for Financial Analyst in 2014 was $78,620 yearly, $37.80 per hour. In 2014-2024, the number of Financial Analyst jobs is estimated to flourish by 12%.
As per the BLS, the median pay for Bookkeeping, Accounting, and Auditing Clerks in 2014 was $36,430 every year, $17.51 hourly.
Actually, salaries in finance tend to be high, but their exceptions.
Bottom Line
In the end, it depends on you whatever you think the right choice for you and your career goal is. Both fields are equal; both need high-level fo skills, education, and interest in quantities analysis. They are dependent in some ways actually if you are working in accounting your recording and reporting of financial transactions will support the work o the finance team. In the same way, if you are working in finance you are depending on the work of the folks in accounting.
