Fintech Focus For September 22, 2021

Quote To Start The Day: “If you remember nothing else, talent is everything.”

Source: Ilana Weinstein

One Big Thing In Fintech: New wave app investors don't typically come from families who taught them about investing; in fact, a majority of them are first-generation investors.

Source: Public.com

Other Key Fintech Developments:

• TrueLayer secures $130M funding.
• Fintech SPACs gradually picking up.
• MarketFinance raises a new round.
• UK fintech calls for smart data right.
• ABN Amro to join Paxos Settlement.
• Revolut is introducing free trading.
• Snap! Mobile acquires Groundwork.
• ING Lendico, HCL building fintech.
• Wise launches new feature, Assets.
• Harvest expands financial inclusion.
• US Treasury eyes payments goal.
• Brevan Howard, DRW back fintech.
• Robinhood works on crypto wallets.
• LeveL ATS, Luminex plan to merge.
• Numerated, Independent partnered.
• Bolttech extends its funding round.
• Fuel Labs announces $1.5M round.
• Etherisc, BCCM intro joint project.
• Turquoise, OpenFin partnering up.
• MoneyLion gearing up for its listing.
• Pine Labs added Invesco funding.
• Figure Pay, Marqeta eyeing BNPL.
• Kernolab added a pre-seed round.
• Osprey launches Polygon product.
• Avalanche adds $230M investment.
• Nasdaq eyes digital asset exposure.
• CME launches sustainable clearing.
• Figure ATS finished DLT transaction.
• BitClout creator intros a social DLT.
• Radian growing insurance platform.
• Barclays opened $30M fintech fund.
• Enhanced Square, Zero integration.
• eToro delays $10.4B SPAC listing.
• Round has Airwallex valued at $4B.
• Capital.com integrates with PayPal.
• One River completes a new round.
• US Bank adds MUFG Union Bank.
• Pipe is expanding trading platform.
• PayPal’s super app is officially live.
• Just taps $8M for insurtech growth.
• BancoEstado has selected Mambu.

Watch Out For This: While Goldman Sachs’s deal to acquire GreenSky is the latest example of a nonbank lender moving into banking, investors shouldn’t declare victory for banks quite yet.

Source: Wall Street Journal

Interesting Reads:

• Analysis of the top LinkedIn trends.
• Seth Rogen on cannabis promotion.
• Gensler wants to “clean” up crypto.
• Fintech SPACs gradually picking up.
• China has control over Evergrande.
• Fintechs attracting equity backers.

Market Moving Headline: “The market sell-off … we believe is primarily driven by technical selling flows in an environment of poor liquidity, and overreaction of discretionary traders to perceived risks.”

Source: JPMorgan