Hi! It’s Monday, June 29, 2020. Did you know that on this day 13 years ago, the Apple iPhone (1st generation) was released?? Leading Off Mastercard acquired open banking API platform Finicity for up to $1 billion. // The Brazilian central bank suspended WhatsApp’s mobile payments service only a week after it launched in the […]
Leading Off WhatsApp launched payments functionality in Brazil after several months of difficulty, allowing Brazilian users to send and receive money through the app using Facebook Pay. // The EU opened an antitrust investigation into Apple’s App Store and Apple Pay. // Quicken Loans, the largest U.S. mortgage lender, is planning an IPO, which could […]
Hi! It’s Monday, June 15, 2020. Leading Off Amazon and Goldman Sachs unveiled a small business credit line, offering up to $1 million for merchants on Amazon’s platform. // Square and PayPal announced new efforts to acknowledge and combat racial inequality. // Millennial-focused insurance unicorn Lemonade filed paperwork to go public with an IPO. // […]
Dear readers, As we’re sure is the case with all of you, we’ve been disturbed by the tragic killing of George Floyd and the ensuing violence and shocking responses on the part of some elected and law enforcement officials. The mission of The Fintech Update is inherently niche, and we feel neither well-placed nor qualified […]
Leading Off Kabbage said it’s processed $3.5B in PPP loans, a significant comeback after suspending its small business lending amid the early days of the coronavirus crisis; Samsung and SoFi jointly launched a cash management account and debit card; Google is piloting voice confirmations for payments; payments startup Marqueta raised $150M; and Square’s Cash App […]
Last year, Facebook announced the Libra Association, an ambitious plan to reshape the global cross-border payments space. Since then, Libra has been beset by regulatory challenges, failed partnerships, and, most recently, a complete re-working of the Libra token. So this week we’re taking a closer look and asking ourselves, what’s the big idea with Libra?