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Market Overview

Fintech Focus For July 28, 2020


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Daily Perspective: Only the dead have seen the end of war. - Plato

Fintech Movers: 71% of Millennials would prefer to visit their dentists than engage with their banks. - ARK

  • raised $25M for its tech.
  • Paysafe to acquire Openbucks.
  • Apex, Marstone partner on tech.
  • Silvergate a bull on BTC banking.
  • Chainanalysis intros intelligence.
  • FTX intros new crypto exchange.
  • Burn to Give raised $8.5M round.
  • Goldman expands SIGMA X MTF.
  • Ripple unveils P2P/XRP platform.
  • Alchemy offers white-labeled credit.
  • DBS, Infor partner on SME plan.
  • Mastercard enrolls in to Pay.UK.

Benzinga Global Fintech Awards Spotlight:

Every year Benzinga, a leading news and data platform, holds the Global Fintech Awards, a day of dealmaking, networking, and recognition in the financial technology space.

Ahead of the November 10, 2020 event, this newsletter will highlight one disruptive innovator working to create positive and diverse change in the financial services space.

Today's disruptive innovator is Leaf Trade, the leading way to manage and market wholesale cannabis and hemp.

For a chance to make your mark on the future of innovation and be featured in this newsletter, check out our Global Fintech Awards!

Watch Out For This: China reported the most domestic coronavirus infections in more than four months as it battles outbreaks in its western and northeastern regions, raising fears of a serious resurgence. - Bloomberg

  • Healthcare versus military spend.
  • Hedge-fund fees in terminal fall.
  • Past does not predict the future.
  • GOP eyes agreement on relief.
  • Why U.S. falls short over testing.
  • Trade floors embrace home work.

Market Moving Headline: Tesla could launch its ride-hailing service at a premium price of $4 per mile, slightly more than Uber‘s average price in New York City, and could lower prices over time to penetrate more price-sensitive markets. - ARK

  • Walmart seller additions surged 3x.
  • Wells misinterpreted client intentions.
  • Goldman has settled 1MDB scandal.
  • Airbus alters jet subsidies over trade.
  • Interest in physical gold delivery rises.
  • Southwest won’t have furloughs yet.
  • T-Mobile halted on Nasdaq request.
  • Amazon to launch a new Alexa app.
  • Facebook sues EU antitrust regulator.
  • Kroger shares surge on tax exemption.
  • Under Armour shares fall on probe.

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Posted-In: Airbus Alchemy Amazon Alexa App Apex ARK Bloomberg Burn To GiveFintech