In this week’s PeerIQ Industry Update they cover the recent strong month of jobs growth and the Fed’s decision to...
Cambr was created as a banking-as-a-service partnership between Q2 and Stonecastle but Q2 has decided to end this partnership; Q2...
The fintech industry is coming up on the tipping point of funding, revenue generation, and user acquisition to rival traditional finance with $20 billion in YTD fintech financing, the several SPACs, and Visa’s $2B Tink purchased. Defensive barriers have eroded.
Let’s take a moment to compare capital. While it is not the money that wins markets, it is the transformation function of that money into novel business assets that does. And while the large banks have a massive incumbent advantage with (1) installed customers and assets, and (2) financial regulatory integration (or capture, depending on your vantage point), there is a real question on whether a $1 generates more value inside of an existing bank, or outside of an existing bank — even when it is aimed at the same financial problem.
The latest round for the fintech startup values the company above Betterment; the app helps users invest by rounding up...
Acorns has partnered with personal financial management app Clarity Money; Acorns now has two million investment accounts with users investing spare change into customized investments; Clarity Money launched in 2016 and is an app for personal finance advice and expense and savings management; users of both platforms benefit from the partnership with Clarity Money customers able to use Acorns' automated investing features and Acorns' investors able to sync their Acorns investment account to their Clarity Money dashboard. Source
DoorDash is looking to aggressively expand their recruitment for new drivers and recently struck a partnership with fintech Acorns; DoorDash...
Acorns Targets Babies With New Custodial Account Capital raises $9M for its AI-based ‘capital as a service’ funding platform for...
This week, we cover these ideas:
The Acorns SPAC deal, including its valuation and detailed metrics
The growth levers and obstacles for point-solutions as they scale into the millions of users and hundred of millions of revenues
What a $50 billion fund should do to roll this stuff up
It is looking like a pretty good time to go consolidating individual financial product footprints. Leaving aside whether consolidated companies are good or bad for some particular reason, the simple observation is that there are just far too many point-solution brands out there. Too many to be left alone to operate. And now a number of them are going to be public, which means that a number of them are going to be up for sale.
Stash has announced it is rolling out new features for its 3 million users; the app will now allow users...
Helix, a fintech-focused BAAS by Q2, hosted an unveiling on March 4 for the team at the New York Stock Exchange.