Cagney was previously the CEO of SoFi; his new venture focuses on home equity loans using blockchain to make the...
As the FTX avalanche rolls down the hill, fintechs worldwide hope to stay out of its destructive path.
We look at some of the recent Fintech bundling news that boggle the mind. Neobank Chime just raised a mammoth round from DST Global, valuing it at $6 billion. Figure raised another $60 million round. Goldman is launching a retail roboadvisor. Revolut is offering pensions. Wealthfront is offering mortgages. The world is upside down. We cool down with pictures showing augmented reality implementations in commerce and finance, and finish with an elevated thought about the future.
I reflect on ConsenSys acquiring a broker/dealer focused on municipal bonds, and why we believe that blockchain-native platforms are a fantastic fit for this $4 trillion asset class. Can direct holding of franctional munis enable deeper community participation and usage of common resources? Are there new sources of liquidity to unlock? At the same time, there are real dangers. I compare the evolution of digital lenders and their funding sources against the current possibilities in municipal bond markets. We also look into the reasons that some innovative Fintechs have failed to achieve their stated missions, and what can be learned and done better.
With Figure in the news this week completing their first securitization using blockchain we thought it would be interesting to...
Mike Cagney is one of the most successful fintech entrepreneurs with his founding of SoFi and now Figure; Cagney sat...
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