Daily Fintech Newsletter | Apr. 6th
Hi!
In case you missed it, please see below today's most relevant fintech news.
Beam — the mobile savings app that imploded last year after a CNBCinvestigation revealed dozens of customers were unable to get their money out — has been shut down for good under a tentative settlement with the Federal Trade Commission. As part of the settlement, Beam is banned from operating a mobile banking app or any other product or service that can be used to deposit, store, or withdraw funds. It also is prohibited from misrepresenting the interest rates, restrictions, and other aspects of any financial product or service. Link here.
NFT Investments, an investment company specializing in non-fungible tokens and established by the co-founders of $1bn market cap Argo Blockchain plc, announced its intention to apply for admission of its Ordinary Shares to trading on the Access segment of Aquis Stock Exchange Growth Market (AQSE) in London, UK. Link here.
Q1 is over and Fintech has had a record-setting quarter. With record funding (by a landslide) and key developments and controversies like Robinhood and the whole GameStop Saga. 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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