THIS WEEK’S FUNDING NEWS OVERVIEW
For the past week’s funding news overview, we recommend reading our weekly #DoneDeal newsletter 👇
👀 Are you interested in funding news from the FinTech space?
💡 Read all about it in my weekly overview article and get the latest funding news from the global FinTech space in your inbox every week.
👀 NEWS HIGHLIGHT
Nirvana Money, a fintech startup founded by former PayPal and Intuit CEO Bill Harris, has shut down less than a month after its launch.
Based in Miami, the startup has at least 50 employees, according to LinkedIn. Last May, Harris boasted that he would have 200 staffers onboard by the end of 2022.
👉 Read the full Finextra article here.
😎 SPONSORED CONTENT
At MoneyLion we believe you should get more from your money. Our mission is to rewire the American banking system so that we can positively change the financial path for every hard-working American. Our products offer no hidden fees, and few barriers to entry. Accessibility is what we’re all about. There are no credit checks for cash advances and no hard credit checks for our loan products. Everyone is welcome.
📰 ARTICLE
The US Department of the Treasury has called for greater regulation of fintech-bank partnerships in order to prevent abuses and protect consumers.
As concentration among federally insured banking is growing, fintech players are making a play in core consumer finance markets - deposits, payments and credit - contributing to competitive pressure, says a new Treasury report.
👉 Read the full Finextra article here.
💡INSIGHTS
For many founders, NYC is an even better place than SF to build something new.
The founders are there, the engineers are there, and the entrepreneurial energy is definitely there.
Here is a list of 42+ NYC-based funds who invest at the early stage.
👉 Read the full Outset capital list article here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🇺🇸 NATIONAL HIGHLIGHTS
⭐️Curve is in active discussions to acquire crypto lender BlockFi’s more than 87,000 credit card customers. Link here.
⭐️ US banks launch digital asset settlement platform PoC. Link here.
⭐️Plaid suspended FTX’s access to Plaid products. Link here.
😇 Do you want to have access to the best deal flow in FinTech? And/or do you want to invest alongside me and 1000+ other FinTech Angel investors?
Join my Angel Investors Syndicate!
PAYMENTS
Association of Military Banks of America launches 'Patriot Card'. Link here.
Adyen will act as a payment services partner for grocery aggregator firm Instacart. Link here.
Wise launched a new service with leading global HR and payroll company, Deel. Link here.
Opn buys MerchantE to enter U.S. online payment sector. Link here.
Paysend introduces ‘Paysend Libre’ a remittance solution aimed at driving financial inclusion in Northern Central America. Link here.
Treasury Prime announced a partnership with Plaid. Link here.
Square is joining forces with American Express to launch a credit card built specifically for Square sellers. Link here.
OPEN BANKING
Amount joins the Mastercard Engage Partner Network for open banking. Link here.
CRYPTO
Plug and Play launches crypto and digital assets programme in Silicon Valley. Link here.
INVESTMENT
Tellus can offer people yields of 3.85% to 4.5% on their savings balances by using the money to fund certain U.S. single-family-home loans. Link here.
Uber Technologies, Inc. and Capital One announced a new partnership to bring savings and benefits to select cardholders across the United States. Link here.
GREEN FINANCE
Climate First Bancorp acquires ESG data platform Ecountabl. Link here.
FRAUD PREVENTION
TrueNorth to provide client access to Veriff ID verification. Link here.
MOVERS & SHAKERS
Stash named former Jet.com president Liza Landsman to its board. Link here.
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.