Fintech Focus For January 6, 2021

Quote To Start The Day: If you think you can do a thing or think you can’t do a thing, you’re right.

Source: Henry Ford

One Big Thing In Fintech: Affirm founder and CEO Max Levchin is poised to join Elon Musk, Peter Thiel and Reid Hoffman on the billionaires list, becoming the latest member of the so-called PayPal mafia to add his name to the three commas club.

Source: CB Insights

Other Key Fintech Developments:

• What is up with venture in fintech?
• 2021 likely to see big fintech IPOs.
• OCC approves use of stablecoins.
• MX has partnered with Hydrogen.
• Oxbury to launch after its funding.
• Archax appointing new executives.
• LendingPoint looking to innovation.
• Slot machines could offer cryptos.
• eKeeper added a CRM for lenders.
• UK ban on crypto derivatives nears.
• Square’s Dorsey hits out at FinCen.
• CFPB is positioned well for fintech.
• New York MTA adds Omny system.
• Divvy raised $165M from backers.
• Venmo adds new cashing features.
• DeFi battle: Curve, Uniswap, 1inch.

Watch Out For This: As more entrepreneurs and investors relocate from traditional tech hubs to emerging startup ecosystems, Miami—with its tropical climate, diverse population and lack of state income tax—has suddenly become a tech hot spot.

Source: Crunchbase

Interesting Reads:

• Virgin Orbit eyeing January launch.
• Kid Rock donates to Barstool Fund.
• FBI, NSA hacks are likely Russian.
• Productivity is more about systems.
• JPM, AMZN, BRK shutter venture.
• Street grid staging new comeback.
• New direct listings cheaper, better.
• Omnichannel shopping surge stays.
• Should we wear facial recognition?
• NYSE changes plan to delist telcos.
• Virus upended dividends, buybacks.
• Oil climbed on new production cuts.
• Roku looking to buy Quibi’s content.
• Dozens arrested inside Hong Kong.

Market Moving Headline: Analysts at Deutsche Bank have said that the UK looks destined for a double-dip recession after Prime Minister Boris Johnson plunged the country into lockdown.

Source: Financial News