In was another super busy news week with some major financings. a blockbuster IPO and a merger divorce. Here are what I consider to be the top 10 most important fintech news stories of the past week.
Affirm’s IPO Takes Off Like a Rocket Ship from Lend Academy – Affirm had what can only be called a blockbuster IPO this week. It priced at $49, closed the first day (Wednesday) at $97.24 and ended the week at $117 with a valuation north of $28 billion.
Visa Abandons Planned Acquisition of Plaid After DOJ Challenge from The Wall Street Journal – The Visa and Plaid merger, first announced a year ago this week, has been canceled. Probably a good thing for Plaid as they can now explore the oh-so-hot public markets (see above) and they have added 60% more paying customers in the past year.
Get ready for self-driving banks from the Financial Times – As a parting gift the aforementioned Brian Brooks penned this fascinating op-ed in the FT on the future of banking (spoiler alert: he likes DeFi).
Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.