Daily Fintech Newsletter | Feb. 15th, 2021
Hi!
In case you missed it, please see below today's most relevant fintech news.
“Making Shop Pay available outside of Shopify for the first time means even more shoppers can use the fastest and best checkout on the Internet. And there’s more to come; we’ll continue to work with Facebook to bring a number of Shopify services and products to these platforms to make social selling so much better.” Shopify announced this morning it’s partnered with Facebook to expand its payment option, Shop Pay, to all Shopify merchants selling across both Facebook and Instagram. This is the first time Shop Pay will be made available outside of Shopify’s own platform and represents a significant expansion for the e-commerce platform’s payments technology. Shopify isn’t limiting itself to Facebook in an effort to expand its e-commerce business. Last fall, it also partnered with TikTok on social commerce, allowing merchants to publish their marketing ads directly to the video platform. Link here.
BitPay said on Friday its bitcoin cards could be added to their Apple Wallet, giving cryptocurrency holders a new way to spend via Apple Pay. Link here.
Thrive - Business Accounts, a Melbourne-based fintech founded in 2019, has developed a unique product that uses artificial intelligence to automate banking, accounting, tax, and lending for small-to-medium businesses. Link here.
Freetrade has joined the ever-growing list of UK fintechs setting up shop in Australia. The investment platform is set to open an office in Brisbane imminently. Link here.
Longevity Card, a UK-based FinTech, has launched a crowdfunding campaign on one of the UK’s biggest crowdfunding platforms, Seedrs. Link here.
Nigerian fintech, Xend Finance, a decentralized finance platform for credit unions and cooperatives, has topped up its funding round to $2 million as it announces a key partnership. Link here.
MoneyLion a digital financial services platform, has announced that it will become a publicly-traded company through a merger with Fusion Acquisition Corp., a Special Purpose Acquisition Corporation. Link here.
Affirm, Inc. on Thursday forecast weaker sales volume for the current quarter, signaling a slowdown in the pandemic-induced boom in online shopping that helped it narrow its loss in its first results as a publicly-traded company. Link here.
Bitcoin's big week got bigger with an announcement from rapper Jay Z and Twitter CEO Jack Dorsey that the pair are establishing a bitcoin development fund. Link here.
Fintech Tymit is disrupting the UK credit card market with a new offering that protects customers from getting caught up in a spiral of credit card debt. Link here.
Pagaya Investments, a global, data-driven financial technology company reshaping asset management, announced the hire of Peter Silberstein as Head of Capital Development, further fueling the firm’s growth. 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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