THIS WEEKโS FUNDING NEWS OVERVIEW
For the past weekโs funding news overview, we recommend reading our weekly #DoneDeal newsletter ๐
Are you interested in funding news from the FinTech space?
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๐ NEWS HIGHLIGHT
Revenues at the Dublin unit of the Collison brothers-led Stripe last year soared by 66% to $2.255 billion.
New accounts filed by Stripe Payments International Holdings Ltd show that the online payments business enjoyed a $896.9m increase in revenues rising from $1.358 billion to $2.255 billion last year.
Pre-tax losses reduced sharply at the Stripe unit declining by 84% from $135.5m to $22.12m last year.
๐ Read the full RTE article here.
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๐ INFOGRAPHIC
M&A no longer the key driver of consolidation in U.S. merchant payments. Merchant payments (isolating C2B) is a lucrative but fragmented global industry.
๐ Read the full article with more stats and figures by Joel Van Arsdale & Sameer Verma here.
๐ฐ ARTICLE
Meet 13 top execs leading ONE: The super-secretive FinTech Walmart backs that has poached talent from Goldman, Apple, and Lyft.
๐ Read the full Business Insider article here.
๐ฌ INTERVIEW
Speaking in an interview with Bloomberg Television, JPMorgan Chase & Co.โs global head of payments Takis Georgakopoulos said that demand for cryptocurrencies as a payment method has seen a drastic decline in the past six months.
๐ Read the full Yahoo Finance article here.
๐ค PODCAST
Miguel Armaza sits down with Mary Ann Azevedo, Senior Reporter at TechCrunch, responsible for covering all-things Fintech.
NOW, ON TO THE SUMMARY OF LAST WEEK'Sย NEWS
๐บ๐ธ NATIONAL HIGHLIGHTS
โญ๏ธGoldman Sachs strikes credit card deal with T-Mobile after Apple and GM. Link here.
โญ๏ธStripe Payments International Holdings Ltd show that the online payments business enjoyed a $896.9m increase in revenues rising from $1.358 billion to $2.255 billion last year. Link here.
โญ๏ธMedical care fintech Scratch raises $35m Series C. Link here.
โญ๏ธRemofirst raises $14.1M to make it cheaper and easier for businesses to hire remote workers globally. Link here.
โญ๏ธ Onuu launched its mobile app across the US, available on the Apple store. Link here.
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DIGITAL BANKING
Treasury Prime announces Banking-as-a-Service partnership with FirstBank. Link here.
PAYMENTS
Cheq, Lifestyle Technology, Inc., raised $8m in Seed funding. Link here.
Chase, DoorDash and Mastercard announce partnership to launch credit card. Link here.
The PNC Financial Services Group, Inc. announced it has acquired Linga. Link here.
Square launched Tap to Pay on iPhone to its millions of sellers across the U.S. Available within the Square Point of Sale iOS app.ย Link here.
BNPL
Apple reportedly delays 'buy now pay later' feature. Link here.
CRYPTO
Gemini and Betterment partner to bring diversified crypto portfolios to investors. Link here.
Nexo gets U.S. bank charter after buying stake in regulated bank. Link here.
Robinhood is adding the USDC stablecoin to its list of supported cryptocurrency assets. Link here.
INVESTMENT
Shares of retail brokerage Robinhood closed lower, giving up early gains, after a report that U.S. regulators would not ban payment for order flow, a key part of the company's business model. Link here.
CNote raised $7.25m in Series A funding. Link here.
If you are a fintech startup and have over 100 questions send me an email. Maybe I can answer a few.