The latest round for the fintech startup values the company above Betterment; the app helps users invest by rounding up...
Stash has announced it is rolling out new features for its 3 million users; the app will now allow users...
BlackRock is leading a $50mn investment round into microinvesting app Acorns to help build out their investment options; BlackRock joins...
We look in detail at the state of marking recently-private-fintechs to the public market in mid-2021. Multiple industry segments have seen IPOs, direct listings, and SPACs transition fintech darlings into traditional stocks. How is performance doing? Is everything as magnificent and rich as we expected? Have multiples and valuations fallen or held steady? The analysis explores the answers and provides an explanatory framework.
PayPal is connecting with Acorns, an automated savings/investing platform; users will be able to contribute and manage their account from the PayPal app; the first users will get access today which will expand access to all US users by early 2018; PayPal previously has invested in Acorns, leading a $30 million round. Source
PeerIQ's weekly update covers the recent partnership by Acorns and PayPal, household debt in the US and a new Bain survey that shows people are more willing to try fintech products; LendingClub filed its latest securitization deal for $330mn and Kroll upgraded all three classes of the Earnest EARN 2016-B deal; they also took a deep dive on TransUnions recently released fintech study. Source.
This week, we cover these ideas:
The Acorns SPAC deal, including its valuation and detailed metrics
The growth levers and obstacles for point-solutions as they scale into the millions of users and hundred of millions of revenues
What a $50 billion fund should do to roll this stuff up
It is looking like a pretty good time to go consolidating individual financial product footprints. Leaving aside whether consolidated companies are good or bad for some particular reason, the simple observation is that there are just far too many point-solution brands out there. Too many to be left alone to operate. And now a number of them are going to be public, which means that a number of them are going to be up for sale.
In this week’s PeerIQ Industry Update they cover the recent strong month of jobs growth and the Fed’s decision to...
There are new ways for Americans to build their emergency savings today from a new government program offered through retirement plans to new fintech offerings.
Lincoln Savings Bank is a 117-year-old community bank based in Iowa; but five years ago they started a fintech initiative...