In its third fintech acquisition of the year, JPMorgan Chase announced plans to acquire OpenInvest, an Andreessen Horowitz-backed startup founded by former Bridgewater Associates employees.
Read MoreVEEPIO, a startup backed by Philadelphia Eagles owner Jeffrey Lurie and founded by Najee Goode, a former NFL linebacker and Super Bowl champion, and two other former WVU football players, aims to use technology to change how athletes can earn money from their names, images, and likenesses.
Read MoreWalmart, which offers a debit card issued by Green Dot Bank named Walmart MoneyCard, is adding demand deposit account (DDA) capabilities, transforming the Walmart MoneyCard from a prepaid card to a full-suite checking account.
Read MoreA 2018 by Medici report provides anecdotal evidence of a 10% survival rate for bootstrapped fintech startups.
Read MoreA flurry of recent purchase and sale activity in non-fungible tokens (NFTs) – a special type of digital asset on a blockchain that’s unique and non-interchangeable – is popularizing use cases for blockchain.
Read MoreWireless provider Verizon this month rolled out an app to allow children to try out banking and personal finance management – with the oversight of their parents.
Read MoreFive months after U.S. regulators scuttled Visa’s Plaid acquisition, the payments giant announced it’s planning to acquire open banking startup Tink, which was established in 2012.
Read MoreOn the heels of the Supreme Court decision to uphold the Affordable Care Act, point-of-sale (POS) lenders see opportunities to meet the credit needs of consumers struggling to meet out-of-pocket costs.
Read MoreStash, a digital investing app that’s expanded to a full complement of financial product offerings including banking and financial wellness and savings tools, has acquired PayGrade, a financial literacy platform aimed at school-age kids.
Read MoreCincinnati-based Fifth Third Bank will acquire Provide, an 8-year-old startup that focuses on building financial products that make starting and running a healthcare practice easy, including practice lending, business bank accounts, and insurance. Terms of the deal were not disclosed.
Read MoreBilt, a New York-based startup, has teamed up with property managers including Blackstone, Starwood, and Equity Residential, to launch a fee-free credit card that allows customers to earn rewards from rent payments that go toward mortgage payments.
Read MoreStarting in August, PayPal says it plans to hike transaction fees to 3.49% plus 49 cents for merchants that use its proprietary services, which include PayPal Checkout, Pay with Venmo, PayPal Credit, Pay in 4, PayPal Pay with Rewards, and Checkout with Crypto.
Read MoreRevolut, a digital banking platform that operates in more than 30 European countries, Australia, Singapore, Switzerland, Japan, and the U.S., reported a £168M ($234M) loss for 2020, up 57% year-over-year, but Revolut’s adjusted annual revenues (which take into account crypto) were also up 57% at £261M ($364M).
Read MoreThe value of the iron titanium token, the share token of a decentralized finance protocol, fell from $60 to near zero in a day. The token was part of an algorithmic stablecoin project called Iron Finance.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
.gif)
.png)
.png)
.png)
