Issue 349 · Feb 4, 2022 Weekly edition · 4 min read

Issue #349 - Fintech Is Conquering The Market

Today, FinTech Weekly covers the latest sectors conquered by financial technology. While cryptocurrencies are becoming more popular among people and countries - see what’s happening in El Salvador, users are also

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New US debit card fintech Xrent aims to help renters get on the property ladder

Xrent opened the waitlist for its new debit card. The fintech firm wants to provide users with a debit card that serves their “rent-to-mortgage” program: the fintech wants to help users to shorten their path towards homeownership, and each rent paid with the card will boost users’ credit scores and give them the chance to win a house or a year of mortgage.

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In this issue · 10 items

Buy Now, Pay Later: The New Credit Card Acquisition Channel Forbes — Ron Shevlin provides another excellent point on one of today’s hot topics: BNPL (Buy Now, Pay Later). Will this system really kill credit cards, or is it just another overstated prediction? Open story ↗ Fidelity Explains Why We Live In a Bitcoin-First World, Plain & Simple Bitcoinist — Fidelity, a well known asset management and financial services company, released a report where they explain why Bitcoin should be considered as a unique asset: mainly a “monetary good”, it can’t be improved by other cryptos according to the report. Open story ↗ El Salvador relaunches Chivo wallet, plans to deploy 1,500 Bitcoin ATMs CoinTelegraph — After becoming the first country in the world to adopt Bitcoin as a legal tender, El Salvador is now supporting Bitcoin users trying to face the main challenges brought by this revolutionary decision. For this reason, El Salvador is cooperating with AlphaPoint to relaunch the Chivo wallet and improve stability and scalability. Open story ↗ Canadian FinTech Koho Nets $210M for Alternative to Payday Loans PYMNTS — The Canadian fintech firm, Koho Financial, has raised $210 million in the last funding round. The company focused on the creation of a new financial tool that allows users to save their money and earn interest, but without fees. Moreover, a partnership with ADP allows users to access up to 50% of their paychecks whenever they wish, and no interest is charged. Open story ↗ How does fintech serve the creator economy? Fintech Insider — Fintech Insider hosts, Gwera Kiwana and Ross Gallagher, are joined by Lotanna Ezeike (XPO) and Kyla Scanlon to discuss how fintech and banking services are related to the so-called “creator economy”, an economy that consists of those who influence other people and create according to their passions. Open story ↗ FinTech World Forum 2022 conference World FinTech Forum 2022 — Latest keynotes and panelists at this years virtual FinTech World Forum 2022 conference. Open story ↗ Visa launches programme for fintech and payment startups in UAE The Paypers — Visa announced the VEI, the Visa Everywhere Initiative opened to UAE fintech firms and startups. Winners will have the opportunity to cooperate with Visa, monetary prizes and the opportunity to gain exposure to major fintech stakeholders. Open story ↗ F-Prime Capital Launches the F-Prime Fintech Index Fintech & Finance News — Good news for fintech: F-Prime Capital announced the launch of the F-Prime Fintech Index, which will track major fintech companies and their performances, allowing investors to better choose where to put their money. Open story ↗ Lessons from a fintech founder: Solving for C by going B2B TechCrunch — Jason Wenk discusses the main problems of fintech founders: even if their main goal is solving people’s financial issues, their intentions may be destroyed by the difficulties of the market. How can they handle challenges? Open story ↗ Crypto FinTech MoonPay Launches Credit, Debit Checkout Tool for NFTs PYMNTS — MoonPay launched new payment gateways. The NFT clients of the company will be able to offer end users the capability to pay with several payment methods for digital art. This means that users won’t need to buy cryptocurrencies first, and the company thinks that this will increase the sale of NFTs. Open story ↗

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New US debit card fintech Xrent aims to help renters get on the property ladder

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