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?
Dear readers, The Fintech Update will be off next week for Memorial Day in the U.S. and the Spring bank holiday in the UK. We wish you and your families the best for a safe and relaxing long weekend and a great week ahead. Thanks and take care, The Fintech Update team Leading Off OCC […]
Leading Off The FDIC issued a statement addressing the use of cloud computing services in the financial services sector; Libra hired Stuart Levey, HSBC’s Chief Legal Officer as its CEO; Samsung partnered with SoFi to launch a debit card; Zoom acquired encryption firm Keybase to bolster the security of its product; Robinhood raised $280M in […]