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.
Dark days in fintech, with the fallout of Wirecard opening up a possible domino effect for various digital banks. Some already defined it the fintech’s Enron moment, which seems a pretty accurate depiction. This simple initiative, started by Claudio Wilhelmer to match Wirecard employees with potential new employers, is a good one.
Brazil’s Central Bank has suspended WhatsApp’s payments feature in the country to ensure competition in the payment system market. The news just over a week after the messaging service announced its launch there.
This morning Upgrade, a credit-focused fintech startup, announced that it has raised a $40 million Series D round that the company says gives it a $1 billion valuation.
The Los Angeles-based company is back in the news again, this time announcing a $60 million seed extension—quite uncommon for a young company in a short period of time.
In a bid to lessen the blow of COVID-19, the town of Tenino has started issuing its own wooden dollars that can only be spent at local businesses. Will it work?
Uber Technologies Inc.’s financial services leader Peter Hazlehurst is calling it quits as the ride-hailing giant focuses on rides and food delivery, and ices plans to become a financial services company.
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
Did you enjoy this issue?
Did you see something you think we should include in our newsletter?
Our mailing address is:
Techstars
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
