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Fintech Wins When Bank Stocks Go Down (?), Philippe Starck Payments Ring, Investors Love B2B Fintech

Hello fintech friends, This week we are looking into investors love for fintech companies operating i
Issue #77  •  October 19  •  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 fintech friends,
This week we are looking into investors love for fintech companies operating in B2B, the correlation between banks and fintechs stock prices, the new smart payments ring by design star Philippe Starck, the Stripe expansion into the African continent, the Robinhood accounts hacked, 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
Fintech is lauded for improving consumer-finance, but investors are much more interested in startups serving banks and enterprises. Who are the top players?   •   Share

Design guru Philippe Starck has crafted a smart ring that stores payments cards, transit passes and business cards for the style-conscious consumer.

“Whenever the bank stocks go down, we immediately get a massive amount of option-call buying in PayPal and Square,” the “Mad Money” host said.   •   Share
Funding, Merger & Acquisitions
When Stripe announced earlier this year that it had picked up another $600 million in funding, it said one big reason for the funding was to expand its API-based payments services into more geographies.   •   Share

Bangalore-headquartered Razorpay, one of a handful of Indian fintech startups that has demonstrated accelerated growth in recent years, has joined the coveted unicorn club after raising $100 million in a new financing round, the payments processing startup said on Monday. The new financing round, a Series D, was co-led by Singapore’s sovereign wealth fund GIC […]   •   Share

Canadian robo-advisory firm Wealthsimple has achieved Unicorn status on a CA$114 million investment round led by by TCV, along with Greylock, Meritech, Two Sigma Ventures and existing investor Allianz X

Something More for You to Read
Trading app Robinhood said that a “limited number” of customer accounts were recently targeted by cyber criminals, though the service itself was not hacked.

Digital banking app Revolut is planning to apply for a bank charter with the Federal Reserve Bank of San Francisco and California’s Division of Financial Institutions within weeks, CNBC reported on Monday, citing people with knowledge of the matter.

A new fintech startup is hoping to solve two problems in one: convenient consumer payments and the global deforestation crisis. Ready for a wooden debit card? 

Our latest report explores how banks can harness the embedded finance opportunity to see new revenue streams and long term growth   •   Share

Payguru offers service for millions of customers who do not have a bank account   •   Share
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.
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