Fintech Nexus Newsletter

Robinhood is still bullish on crypto despite the SEC warning the company it plans to sue over this part of its business. We learned yesterday that Robinhood will acquire crypto exchange Bitstamp for $200 million, making this its largest acquisition to date.

This deal was first rumored to be happening in mid-March.  Yesterday, it became official. Private equity firm Advent International has agreed to acquire Nuvei in an all-cash deal valued at $6.3 billion.

One has kept a low profile since Walmart announced the creation of its new fintech startup in January 2021. We have seen an occasional announcement, but the fintech startup has largely remained under the radar.

By Peter Renton Since Visa announced late Monday their new $100 million fund focused on generative AI startups much has been written....

The biggest name in Silicon Valley venture capital over the last half-century is Sequoia. And the biggest name in European fintech is Klarna.

The SEC is at it again. Over the weekend we learned that the SEC has sent a Wells Notice to Robinhood regarding its crypto activities.

Overdraft revenue is on the decline, but recent filings show that JPMorgan Chase and Wells Fargo remain by far the largest generators of the controversial fees.

House Financial Services Committee Chairman Patrick McHenry (R-NC) announced yesterday that he will not be seeking reelection to the North Carolina seat he has held for almost 20 years. Over the years whether serving as the Committee Chairman or as the Ranking Member, he has been a tireless champion for financial innovation on the House Financial Services Committee.

Forbes is out with its ninth annual Fintech 50 this morning, a subjective list of the hottest startups in fintech. The list is created by Forbes editors, is only open to private companies and it involves analyzing data as well as interviews with company CEOs and industry insiders.

A lack of financial literacy can be devastating to maintaining financial health. The big problem is that most people find financial literacy programs boring and don't stick to it. Many fintechs and banks have tried to counteract this by creating gamified learning.