Google Pay launches merchant cash back rewards, supported by Fidel API

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Google Pay launches merchant cash back rewards, supported by Fidel API

Google Pay launched merchant cash back rewards through a partnership with U.K.-based startup, Fidel.

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DoorDash launches banking platform for delivery workers

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DoorDash launches banking platform for delivery workers

Food delivery platform DoorDash, which this month went public at a $60.2B valuation, is rolling out a banking solution for its workers that includes a prepaid visa card and mobile banking app.

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Nationwide launches partner portal to help embed its offerings into third-party platforms

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Nationwide launches partner portal to help embed its offerings into third-party platforms

Insurance giant Nationwide launched a marketplace portal designed to allow partners to deliver the insurer’s products through their platforms. Products offered through it include auto, home, commercial, and pet insurance products.

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Wealthfront and Betterment prepare for next phases of growth

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Wealthfront and Betterment prepare for next phases of growth

Betterment and Wealthfront, two early robo-adviser startups that ushered in a wave of automated investment tools more than a decade ago, are preparing to expand their market share and scale more quickly.

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Canadian banks double down on personal finance assistants

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Canadian banks double down on personal finance assistants

TD Bank and CIBC this week announced enhanced capabilities for their AI banking assistants, in a bid to drive engagement and keep customers in their ecosystems.

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Northern Trust and Standard Chartered partner on crypto custody solution

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Northern Trust and Standard Chartered partner on crypto custody solution

Standard Chartered Ventures, the innovation unit of Standard Chartered, is partnering with asset servicer Northern Trust to launch Zodia Custody, a crypto custody business.

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U.S. Bank taps Canadian startup Vouchr on Zelle e-greeting card launch

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U.S. Bank taps Canadian startup Vouchr on Zelle e-greeting card launch

Zelle, the bank-backed peer-to-peer (P2P) payments network, is going social through the introduction of e-greeting cards. The feature was launched by U.S. Bank this week, and promises to add a ceremonial touch to peer-to-peer transactions.

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JPMorgan Asset Management acquires fintech 55ip

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JPMorgan Asset Management acquires fintech 55ip

JPMorgan Asset Management this month acquired 55ip, a Boston and Mumbai-based fintech that offers tax automation technology for financial advisers. Terms of the deal, expected to close by the end of the year, were not disclosed.

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SoFi reportedly exploring possibility to go public via SPAC

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SoFi reportedly exploring possibility to go public via SPAC

Personal finance company SoFi, which in October got preliminary approval for a banking charter from the OCC, is exploring possibilities to go public through a merger with a special purpose acquisition company (SPAC), according to a report from Reuters.

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‘Buy now, pay later,’ solution for health care PrimaHealth Credit launches

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‘Buy now, pay later,’ solution for health care PrimaHealth Credit launches

PrimaHealth Credit, a Newport Beach, Calif.-based lender, is taking the popular point-of-sale shopping model for retail and applying it to elective medical procedures.

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Paysafe to go public through merger with Bill Foley-backed SPAC

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Paysafe to go public through merger with Bill Foley-backed SPAC

On Monday, Dec. 7, Paysafe confirmed a merger with a special purpose acquisition company (SPAC) backed by investor Bill Foley, Foley Trasimene Acquisition Corp II – a deal that valued the payments platform at $9B.

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Carta to launch private stock market in 2021

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Carta to launch private stock market in 2021

Carta, a $3.1B Silicon Valley startup that helps private companies manage equity, will roll out a private share-trading market called CartaX in January, the company said this week.

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Stripe partners with Goldman Sachs, Citi on business bank accounts

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Stripe partners with Goldman Sachs, Citi on business bank accounts

Stripe, a firm whose tools allow merchants to accept payments, is partnering with Goldman Sachs and Citibank on a business bank account offering for their clients, the Wall Street Journal reported.

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Insurtech Bestow to acquire Centurion Life Insurance Company from Wells Fargo

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Insurtech Bestow to acquire Centurion Life Insurance Company from Wells Fargo

Dallas-based digital life insurance provider Bestow will acquire Centurion Life Insurance Company, an Iowa-based insurer with licensing in 47 states and the District of Columbia. Terms of the deal were not disclosed.

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Banking app Step raises $50M Series B, crosses half a million users in two months

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Banking app Step raises $50M Series B, crosses half a million users in two months

Step, a banking platform for teens, raised $50M in Series B financing led by Coatue, with participation from a range of known venture capital firms that are returning investors, alongside fintech executives from Visa, Venmo, Square, and Facebook. Celebrity investors include Dreamers VC (led by Will Smith), Tiktok star Charli D’Amelio, Justin Timberlake, The Chainsmokers, Eli Manning, and others.

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