View profile

API Routing Layers in Finance, Fintech Firms Fight Friction to Disrupt Banks, Revolut Troubles

Hello and welcome to your weekly digest about financial technology. If you’re returning from last wee
Issue #61  •  June 8  •  View online  •  Suggest a link
Sharing with you relevant and exciting utilization of a number of innovative technologies, be it disruptive or sustaining to the existing financial services industry.
Hello and welcome to your weekly digest about financial technology. If you’re returning from last week, thanks! If you’re new, it’s very nice to have you! Share the love and tell your fellow fintech enthusiast friends to sign up here.
Not strictly related to fintech, but it’s pretty sad to observe the current status of our democracies. Let’s not even think to give up the fight against racism and civil rights violations. Together we can always make a difference.
This Week in Fintech
Fintech upstarts crush many of their traditional rivals by minimizing friction in their account setup process.   •   Share

Staff members at Europe’s biggest fintech startup say that they have been pressured into leaving their jobs and taking salary cuts as the company embarks on cost-saving measures.

A great post explaining how API routing layers are being used in financial services.   •   Share
John Piazza
What banks/fintechs are taking a stance on recent events? An ongoing compilation of what I’ve seen:
Funding, Merger & Acquisitions
Varo Money, the mobile banking startup, raised $241 million in venture funding with proceeds going to meet the capital requirements necessary to operate a national bank, develop new products, and otherwise support growth.   •   Share

Spruce has raised $29 million in Series B funding led by Scale Venture Partners, with participation from Zigg Capital andBessemer Venture Partners, and Gramercy Ventures.   •   Share

Fintech’s funding boom for the past decade has led to a flurry of new consumer startups tackling a wide range of money-related issues, from saving apps to investing platforms.   •   Share
cokie hasiotis
working on a list of fintech companies that make it really easy to donate to charities and organizations. if you know any, please drop them below
Something More for You to Read
Times like this offer a stark example of the need for greater pay flexibility. With restricted business operations, workers need easy access to their earnings. Understandably, they also demand speed that matches the urgency of the moment. Given the diverse demographics of the workforce, it’s up to employers to broaden their pay offerings.   •   Share

With the launch of Samsung Money, the company will now provide a debit card and a mobile banking platform to customers.

Following the shuttering of its Las Vegas-based customer support office and almost 300 staff being furloughed in UK, the company has announced internally that up to 120 UK staff are being made redundant.   •   Share

New York’s top financial regulator and its national counterpart in France have signed an agreement to help fintech companies more quickly enter their markets.

For Money 20/20, the show must go on.
Techstars Startup Digest Fintech is curated by:
Alessandro Ravanetti Alessandro Ravanetti - Freelance content writer and copywriter. Working in the fintech industry since 2011, I built and managed digital companies with distributed teams and international partners, gaining experience with both startups and large corporations. I am an independent expert with the European Commission, FundingBox and the Eureka Network, and an advisory board member of SXSW.
Did you see something you think we should include in our newsletter?
Suggest a link
Copyright © 2020 Techstars, All rights reserved.
You are receiving this email because you opted-in on one of our websites.
Our mailing address is:
1050 Walnut St #202
Boulder, CO 80302
If you were forwarded this newsletter and you like it, you can subscribe here.
If you don’t want these updates anymore, please unsubscribe here.
Manage all your newsletter subscriptions here.
This newsletter is carefully curated with Revue