See all of this week’s FinTech deal activity in Financial Technology Partners / FT Partners overviews: 28 Financing and 11 M&A transactions below 👇
👀 NEWS HIGHLIGHT
Through its FTX Ventures unit, the crypto firm in March invested $100 million in Dave, a FinTech company that had gone public two months earlier through a special purpose acquisition company.
FTX Ventures was described as a $2 billion venture fund, in its press release with Dave.
Dave CEO Jason Wilk told CNBC that FTX’s investment in Dave is already scheduled to be repaid, with interest, by 2026.
👉 Read the full CNBC article here
📰 ARTICLE
The term “super app” has been tossed around the tech world for quite some time now, with Blackberry founder Mike Lazaridis being one of the first to define the term at the 2010 Mobile World Congress.
👉 Read the full “super app” story by Timothy Motte here
👨💻 BLOG
Greenlights 2022 year in review.
Greenlight kids and teens showed up in big ways — and we’re beaming with pride.
👉 Read the full blog post with more stats and figures here
💡INSIGHTS
Digital payments took center stage at the FIFA World Cup Qatar 2022.
Visa spend data at FIFA venues found that by value, fans spent 300% more at Qatar 2022 than at the 2014 FIFA World Cup. Fans also embraced tap-to-pay at FIFA venues, where over 5,300 payment terminals were deployed.
👉 Check the whole article here
🎤 PODCAST
Miguel Armaza heads to Miami beach, for a conversation with Steve McLaughlin, Founder of FT Partners, an investment bank focused exclusively on the financial technology sector.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🇺🇸 NATIONAL HIGHLIGHTS
⭐️FTX's exchange token FTT was sold as an investment contract and thus is a "security," the U.S. Securities and Exchange Commission. Link here
⭐️GoLogiq, Inc., acquires GammaRey, Inc., a privately-held FinTech ecosystem for the New World Digital Economy. 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!
DIGITAL BANKING
The New York Federal Reserve Bank and several other major banks last month launched a 12-week pilot program to test the use of a digital dollar. Link here
PAYMENTS
CellPay partners with MoneyGram to expand bill payment options for consumers across the U.S. Link here
CRYPTO
Fidelity Investments filed trademark applications in the United States for a host of Web3 products and services, including a nonfungible token (NFT) marketplace and financial investment and crypto trading services in the metaverse. Link here
INVESTMENT
Mercurity Fintech Holding Inc. announced a third private investment in Public Equity Financing of $5 Million. Link here
MOVERS & SHAKERS
Coastal Community Bank appointed Barb MacLean as senior vice president, head of technology operations and implementation. Link here
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.