Daily Fintech Newsletter | Apr. 29th
Hi!
In case you missed it, please see below today's most relevant fintech news.
Step, the new modern-day financial services company built for teens and families, today announced a $100 million Series C round of funding. The round was led by General Catalyst, with participation from returning investors Coatue Management, Stripe, Charli D’Amelio, The Chainsmokers’ Mantis VC, Will Smith’s Dreamers VC and Jeffrey Katzenberg’s firm WndrCo. Step also welcomed Jared Leto and Franklin Templeton to the round and formally announced NBA All-Star Stephen Curry as an investor, who has supported the company from the early days. Link here.
It goes without saying that 2020 was a tumultuous year on the back of the pandemic that has unfortunately affected the livelihood of millions, which also served as fuel for the rapid growth of Malaysia’s FinTech space. Link here.
Open banking payments are getting ever more competitive, with the arrival of GoCardless as the latest provider today offering the service. Link here.
Check out this report that is based on aggregated data from millions of retail investors around the world who trade fractional shares of U.S. equities on the DriveWealth platform. Link here.
Curve, the fintech that brings your cards into one smart card and an even smarter app, introduces today its stunning suite of Autopilot features that help customers take more control over their money management. Link here.
Multi-asset investment platform eToro has announced the launch of a new thematic portfolio – BitcoinWorldWide. Link here.
Securrency, Inc., a leading developer of institutional-grade blockchain-based financial and regulatory technology, has announced that it has raised USD $30 million in its Series B funding round, with participation by WisdomTree Investments, Abu Dhabi Catalyst Partners Limited (ADCP), State Street, and U.S. Bank, among other investors. Link here.
Stripe, a global technology company that builds economic infrastructure for the internet, announced that it has entered into an agreement to acquire TaxJar, a leading provider of sales tax software for internet businesses. 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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