Last year we saw continued interest in a broad array of fintech companies. Recently the fintech space has become more...
Wells Fargo is still digging out from a PR disaster last week when the bank went offline for a large...
Digital banking startup Chime is looking to ride the wave of challenger banking and provide customers with a better experience...
Every year Forbes gives us insight into fintech companies with their Fintech 50 list; 2019 was a huge year for...
Many Americans are taking a new look at their personal finances and are increasingly looking to popular fintech applications; Chime...
Many of these firms have aimed to go public in the vague "end of 2021/ early 2022/ when we have enough money" time frame while participating in increasingly rare-letter funding rounds.
This week, we look at:
PwC estimating that $900 billion has been wasted on digital transformation projects for enterprise, meaning finance is vulnerable
Chime is worth $15 billion in the latest round of valuation, same as $200B+ depository bank Fifth Third, which is quite the achievement
Decentralized exchange Uniswap distributing 60% of its token to the community, flipping the ownership and value accrual model
As a thought experiment -- today, if you want to save for a house, you may create a financial plan in Betterment and wait for the portfolio to accrue. Tomorrow, you may bring cashflows to a housing protocol which intermediates property markets, and build your portfolio directly into your desired goal of buying a house. Your stated selection and articulation of that goal, by choosing the housing protocol, generates value on its own through rewards, participation, governance, and various interest rate products.
According to CB Insights challenger banks are the fastest growing fintech segment in the world; U.S. based Chime has been...
Digital banking startup Chime saw a big boost last week after Wells Fargo reported an outage where customers could not...
An article in Forbes earlier this month about the traction of digital banks caught my attention. A survey of U.S....