Daily Fintech Newsletter | Apr. 16th
Hi!
In case you missed it, please see below today's most relevant fintech news.
Active traders are often portrayed as gambling rubes or lucky opportunists. But the steady growth of platforms like eToro and Robinhood, coupled with the acceleration of investing communities like WallStreetBets, has tipped the power from institutions back to individuals and created a renewed interest in active trading. In recent years we’ve seen momentum start to shift back towards active investing. The status-quo—passive-only investing strategies—is being challenged by newer generations of investors entering the market. The reasons behind this shift are part psychological, part structural. Read more here.
Coinbase Global Inc. fetched an $85 billion valuation in its stock market debut Wednesday, a watershed moment for an industry that began a decade ago as an experiment in digital money. Link here.
J.P. Morgan, Mastercard, and UBS have joined a $65 million funding round for blockchain software engineering firm ConsenSys. Link here.
Modulr, a UK-based Payments-as-a-Service (PaaS) provider, has landed an undisclosed strategic investment from FIS Ventures, the venture capital (VC) arm of major US financial services firm FIS. Link here.
Nordic API Gateway changes name to Aiia. Link here.
Barclays Bank has confirmed the closure of mobile P2P payments app Pingit, almost ten years after its pioneering launch in 2012. Link here.
Token is now a licensed Payment Initiation Services Provider (PISP) and Account Information Services Provider (AISP) in Germany, with passporting rights planned for an additional 26 countries. Link here.
Volt.io, the open payments platform, announced the appointment of Gabriel de Montessus as Non-Executive Director. Link here.
Ian Fuller announced his departure from Freetrade no more than two weeks ago and has already found himself a new home in WeGift. 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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