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Weekly Update

TFU | June 8-14

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. // […]

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Weekly Update

TFU | June 1-7

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 […]

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Weekly Update

TFU | May 18 – 31

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 […]

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Weekly Update

TFU | May 11 – May 17

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 […]

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Weekly Update

TFU | May 4 – May 10

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 […]

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Weekly Update

TFU | Apr. 27 – May 3

Leading Off WhatsApp is exploring offering credit products in India; Stash raised $112M despite the market turndown; Telegram postponed the launch of its TON blockchain for a second time due to regulatory pressure; the FCA delayed implementation of the EU’s enhanced identity rules for payments by six months; and FIS announced a $150M fintech venture […]