The day after The Fed announced yet another (albeit smaller) rate hike, Arc launches a high yield account so startups can gain on idle cash.
This week saw Genesis filing for bankruptcy, more problems at Goldman Sachs, a profile of the fintech founder who fooled JPMorgan, FTX may restart and, of course, more layoffs.
Sam Brankman-Fried continued to dominate the news this week as Congress has asked him to testify. Walmart's One is getting into BNPL, Plaid is laying off 20% of their staff, the Coinbase CEO says revenue is down by half and Circle is no longer going public via SPAC.
In this episode we talk with Dee Choubey, the CEO and co-founder of MoneyLion. He shares how they are rethinking customer engagement, changing the form factor of finance, navigating the bear market in fintech valuations, going all-in on NASCAR and much more.
There was a spate of negative fintech news this week. We had significant layoffs from two of the largest fintechs in the country, Stripe and Chime and Coinbase reported miserable Q3 results.
There was big fintech news this week from Stripe, Zelle, CSilvergate Bank, Farmington State Bank, Amazon, Foro, Ron Shevlin, French Hill, Gemini, Bolt and more.
The first week of the year is in the books and already there has been big news in fintech.
Leading the news this week is Sam Bankman-Fried giving a public appearance, Larry Fink like tokenization, BlockFi filed for bankruptcy and more
To increase the engagement of the fintech's user community, the new product will expand Nubank's internal rewards program.