Daily Fintech Newsletter | Apr. 11th
Hi!
In case you missed it, please see below today's most relevant fintech news.
Introducing Index Origin, a $200 Million Seed Fund Investing in Entrepreneurs from Day One. "Index Origin offers founders the focus and community of a dedicated seed fund, with the resources, network, and reach of a multi-stage global firm. In addition, Index Originencourages collaboration with the seed ecosystem, including seed funds, solo general partners, and angel investors." Link here.
Check the latest version of the Finnovating FinTech map from Mexico🇲🇽. Link here.
MoneyLion has announced that the firm will introduce new capabilities enabling members to buy, sell and earn digital currencies. MoneyLion’s strategic investment in Zero Hash is expected to complement the move. Link here.
The federal government has declared the activities of Fintech companies such as Bamboo and Trove, illegal. The Security and Exchange Commission, in a post titled “Proliferation of Unregistered Online Investment and Trading Platforms facilitating access to trading in Securities listed in Foreign Markets”, urged these platforms to desist from enabling Nigerians to access securities listed by foreign companies in other countries. Link here.
Gamestop sparked a frenzy on Reddit that lit up TikTok. The dizzying rally for the game retailer’s stock that followed helped establish social media as one of the most popular sources for financial information, tips, and advice, particularly among Gen Z, according to a new CreditCardscom report — second only to friends and family for the 18-to-24 cohort. Link here.
Ramp becomes the fastest company in NY to reach Unicorn status after a $115m Series B! Link here.
To fuel its early-stage business in Mexico, Nubank’s unit in the Latin American country is receiving an infusion of $135 million. Link here
This ends my Daily Fintech Newsletter. Let me know if there are any questions or news/insights worth mentioning in the next newsletter. Until the next!
Regards,
Marcel van Oost
marcelvanoost.com
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