The weekly fintech news roundup features stories from Brex, Circle, BlackRock, the DTCC, MoonPay and more.
Robo 1.0 success Personal Capital was acquired for nearly $1 billion by Empower, a major retirement savings manager. Softbank-backed insurtech darling Lemonade IPOed at less than $2 billion, in a successful fundraise and listing, and has since seen its market cap rise to over $4 billion. The IPO is a landmark for an insurtech industry in desperate need of successes. And PayPal announces the impending launch of crypto trading to its 325 million users. The move isn’t overly interesting in its own right, but the implications for the crypto space are worth exploring.
UK based payments fintech TransferWise has upped their valuation to $3.5bn with a secondary funding raise of $292mn; the round...
Alternative investment marketplace Yieldstreet has come under fire from investors recently due to several investments that have gone bad; according...
2020 is off to a fast start when it comes to fintech financings and M&A deals as the past week...
This past week saw good news from Coinbase, bad news from Robinhood, JPMorgan is getting intro travel, the CFTC would regulate crypto in proposed new legislation, Equifax had another screwup and more.
Asset management behemoth BlackRock doubled down on crypto Thursday by filing an application with the U.S. Securities and Exchange Commission to launch the iShares Bitcoin Trust.
The low and middle income consumer has been struggling for decades. And while the pandemic has made things a lot...
BlackRock is leading a $50mn investment round into microinvesting app Acorns to help build out their investment options; BlackRock joins...
Through the partnership, the firm hopes to provide more personalization to their over 270,000 users; both portfolios were vetted by Betterment to ensure quality and affordability standards; Dan Egan, director of behavioral finance investments at Betterment stated, “We wanted to get these strategies out to our clients as quickly as possible, rather than build them out ourselves.” Source