With Visa acquisition called off, speculation builds around Plaid’s path to an IPO

With Visa acquisition called off, speculation builds around Plaid’s path to an IPO

Barron’s, citing unnamed industry sources, is reporting that Plaid is exploring avenues to go public in light of the recently-announced termination of an agreement that would allow Visa to acquire the data aggregator for $5.3B.

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With Plaid-Visa merger off, Plaid eyes client growth prospects

With Plaid-Visa merger off, Plaid eyes client growth prospects

On Tuesday, Jan. 12, Visa and Plaid decided to terminate a merger agreement inked nearly a year ago that would allow Visa to acquire the data aggregator for $5.3B.

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Partner Banking Boom Could Be A Boon For New Fintech Startups

Partner Banking Boom Could Be A Boon For New Fintech Startups

Bank partnerships come in all shapes and sizes. In addition to the bulge bracket banks like Goldman, community banks and credit unions are ramping up their partnerships.

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Walmart to launch fintech startup focusing on “next-generation” financial products

Walmart to launch fintech startup focusing on “next-generation” financial products

Retail giant Walmart announced that it will launch a fintech startup that will offer “innovative and affordable” financial solutions for consumers.

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SoFi to go public via Chamath Palihapitiya SPAC

SoFi to go public via Chamath Palihapitiya SPAC

SoFi, the 10-year-old financial services company that started as a lender and expanded to banking, investing, and mortgages is going public by merging with a special purpose acquisition company (SPAC) associated with investor Chamath Palihapitiya, multiple sources reported.

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Investors and banks focus on conversational AI amid pandemic restrictions

Investors and banks focus on conversational AI amid pandemic restrictions

There are major bets being made on the future of automation and financial services, as shown by a $25M Series B investment in startup Ushur, which helps insurers automate interactions with customers, and a partnership between Santander UK and Personetics that will support a digital money management platform offered by the bank.

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Seedrs merges with rival Crowdcube, reports $6M in losses

Seedrs merges with rival Crowdcube, reports $6M in losses

The merger of U.K.-based crowdfunding platform Seedrs with rival Crowdcube is creating a $181M (£140M) marketplace that will allow the general public to buy shares in startups.

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Ex-Bank Leumi CEO and tech execs launch $100M fintech venture fund

Ex-Bank Leumi CEO and tech execs launch $100M fintech venture fund

Rakefet Russak-Aminoach, former president and CEO of Israel-based Bank Leumi, joins a group of fintech executives, including Yuval Tal, founder of payments company Payoneer, and Galia Beer-Gabel, a former head of business development at PayPal, to launch Team8 Fintech, a $100M fintech fund.

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Betterment leads inclusion-focused industry coalition

Betterment leads inclusion-focused industry coalition

A group of large fintech startups, spearheaded by robo-adviser Betterment, have formed the Fintech Equality Coalition. The group’s mandate is to enhance access to services and grow career advancement opportunities for the Black community.

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U.K. fintechs lean on TikTok as U.S. mulls ban

U.K. fintechs lean on TikTok as U.S. mulls ban

As the Trump administration eyes a TikTok ban amid security concerns, U.K. fintechs see it as a customer acquisition channel, pulling in quarantine-weary TikTok users who may be open to changing their money habits.

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Ellevest Wants to be the Netflix of Personal Finance

Ellevest Wants to be the Netflix of Personal Finance

Ellevest, the New York City-based robo-adviser for women founded by former finance exec Sallie Krawcheck, has pivoted to a membership-based fee model.

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Consumers and Fintechs Feel the Pinch from Wirecard’s Collapse

Consumers and Fintechs Feel the Pinch from Wirecard’s Collapse

The fall of Germany-based payments company Wirecard, which filed for insolvency amid an accounting scandal over a missing $2B, is now affecting app users that depend on its payment services.

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A New Kid on the Corporate Venture Block

A New Kid on the Corporate Venture Block

FIS Ventures plans to invest $150 million in fintech start-ups over the next three years.

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Fintech’s Role When the Economy Shifts From ‘Respond’ to ‘Recover’

Fintech’s Role When the Economy Shifts From ‘Respond’ to ‘Recover’

Post-COVID-19 opportunities can come from thinking big and acting boldly now.

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