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Financial Services Rebundling, Wall Street and the Generation Game, PayPal's Crypto Move

Hello fintech lovers, This week we are looking into the financial services sector rebundling, Wall St
Issue #78  •  October 26  •  View online  •  Suggest a link
Fintech
Fintech
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 fintech lovers,
This week we are looking into the financial services sector rebundling, Wall Street, millennials and a forecasted profound shift in the ownership of investment assets, PayPal’s move into the crypto space and much much more.
As always, if you like this newsletter, remember to share the love and tell your fellow fintech enthusiast friends to sign up here!
Happy reading,

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This Week in Fintech
As fintech companies mature, many no longer aspire to be the best at one thing. That could mean not only new revenue sources for fintech companies, but also additional venture capital to startups and even a surge in M&A activity.

There is more to young investors than Robinhood and TikTok. A profound shift in the ownership of investment assets looms.
Anna Irrera
Is PayPal's crypto move a game-changer for bitcoin in payments? Probably not, say experts

w/ @tomwilson1983

https://t.co/gMoD9TLeev
Funding, Merger & Acquisitions
Kaspi.kz debuts in London with a surprise hit after year-long delay.
www.forbes.com   •   Share

Swedish peer-to-peer (P2P) lending startup Lendify has secured $115 million in funding from Insight Investment.
www.pymnts.com   •   Share

Just months after it announced a $33 million Series B, Chicago-based M1 Finance today disclosed a $45 Series C. The new financing event was led by Left Lane Capital, the same investor that led M1’s Series B.
techcrunch.com   •   Share

Something More for You to Read
Investors pour $1bn into an industry spurred by financial inclusion and undeterred by money laundering curbs
www.ft.com   •   Share

Enel X has entered the digital financial services and mobile banking sector with Enel X Pay, an online banking account from Enel X Financial Services. This is the first major European utility company launch a digital banking solution.
thepaypers.com   •   Share

San Francisco startup Kettle thinks its statistical models can predict wildfires better than any other reinsurer. It officially launched today and recently closed $4.7 million in seed funding.
www.forbes.com   •   Share

French junior minister Cedric O tells fintech entrepreneurs to work hand in hand with banks to help keep Europe in the global race for fintech innovation.
sifted.eu   •   Share

Banks might be forced to charge millions of people to keep their bank accounts open. For fintechs fighting to break even, it could be fatal

How Square cracked the fintech playbook, and their accumulating advantage.
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.
alessandro.ravanetti@startupdigestmail.com
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