Fintech Focus Roundup For May 2, 2021

Takeaway: In short, Apex saw its total customer accounts grow by 85% to 14.4 million and customer trades increased 183% year-over-year to $235.5 million. Additionally, net revenue ended at $145.9 million while net income rose 414% o $36.3 million.

For adjusted figures, net revenue was $102.4 million and EBITDA rose 262% to $46.1 million.

As part of the development, Benzinga chatted with Edge Clear founder Morad Askar.

Takeaway: “If you were trading for me, and I’m going to put money behind you, I need this thing to really serve you well, in order to see you do well. This is how we are approaching the development and evolution of EdgeProX, and whatever else we do,” Askar said in reference to the platform allowing all traders access to professional tools.

“It’s offering the kind of tools you need in order to perform at your peak as a prop trader.”

Why It Matters: Barclays U.S. Consumer Bank CEO Denny Nealon, a 17-year veteran at the firm, discussed with Benzinga the importance of finding ways to drive sales and loyalty for partner brands like American Airlines Group Inc, JetBlue Airways Corporation the NFL, among others.

Takeaway: The idea, to put it simply, was to launch a better, end-to-end buy now, pay later platform, at a fraction of the cost.

In light of the momentous occasion, Benzinga spoke with MindMed co-founder and CEO J.R. Rahn, as well as board member Kevin O’Leary, author, investor, "Shark Tank" star and co-founder of O'Shares ETFs.

Takeaway: “I’ve been involved with the company for almost three years,” O’Leary explained. “When I first heard of this idea from J.R., I thought he was nuts. But, he convinced me and he has been 100% right in every milestone of the journey.”

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