Fintech News Issue #299 January 14th, 2021
Top Stories
Walmart said Monday that it will launch a fintech start-up with Ribbit Capital, one of the investment firms behind Robinhood.
One year after Visa announced its agreement to buy fintech startup Plaid, the companies on Tuesday walked away from the deal amid regulatory opposition that threatened to hold up the merger for years.
Digital banks including Chime, Varo and Current have won over more U.S. customers during the coronavirus pandemic by processing stimulus payments quickly, setting them apart from traditional banks and generating valuable word-of-mouth referrals.
FinTech Articles
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Why Walmart Is Creating a Fintech Start-Up
— via Barron'sWalmart stock is rising following the news that the retail giant is pushing into fintech with its latest partnership, the latest in a string of moves diversifying away from its core business.
FinTech: How AI is Improving This Industry
— via Data Science CentralFinTech has achieved staggering growth levels over the past few years, establishing itself as one of the mainstays of the modern world.
Why Fintech Innovation will Power Banking’s Next Decade
— via FinextraAcross a number of industries, the impact of the global pandemic can be summed up at its very core as being one of an accelerating agent.
London's fintech scene could be a winner from the Covid crisis
— via City A.M.It’s easy to be pessimistic, too, even as vaccine rollout speeds up. Life will not go back to ‘normal’ quickly – the events of the last ten months will have profound repercussions for health services, businesses, debt and fiscal policy.
The Bitcoin Dream Is Dead
— via MarkerBitcoin’s recent 25% plunge illustrates why it will never be a true currency
Will Neobanks Shift from Growth to Profit in 2021?
— via The Financial BrandCOVID-19, the passage of half a decade, and five economic trends have come together to push older neobanks to begin scrambling for ways to give investors some returns.
Out of 900+ startup deals and $11.5 Bn total funding raised in 2020, fintech topped the chart with $2.1 Bn in funding and 131 in deal counts
Fintech firm Checkout.com crowned Europe’s top unicorn after tripling valuation to $15 billion
— via CNBCCheckout.com said it’s raised $450 million in an investment led by Tiger Global Management.
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