With the increase in market volatility over the last few weeks young traders have tried to catch the markets at...
Gensler said his biggest worry about the equity market was competition and consolidation. While retail investing has taken off, the PFOF that enables it is ripe for conflict of interest.
Stock trading app Robinhood has canceled its planned launch in the UK and put a hold on global expansion plans;...
Luxury and fashion markets are structurally different from finance or commodity markets in that they seek to limit supply in order to generate value. This increases price and social status. We can analogize these brand dynamics to what is happening in NFT digital object markets and better understand their function as a result.
We’re not cool. That’s why we’re in finance.
But people want to be cool. As highly social and intelligent animals, we want and need to belong, differentiate against each other, and negotiate for status. We create signals and hierarchies to create pockets of relational capital, which we then cash in for real world benefits.
Such mammalian realities are contrary to the economic rendering of the homo economicus, the abstracted rational agent making choices in financial models. In 2021, our financial models are waking up and instantiating themselves, becoming Decentralized Autonomous Organizations (DAOs), spun up by DeFi and NFT industry insiders, and implemented into commercial actions onchain.
[Editor’s Note: This is an article by Devin Partida, the Editor-in-Chief of ReHack.com. Devin is a Fintech and crypto writer whose...
Robinhood has announced details of its latest funding round which raised $110 million for the firm giving it fintech unicorn status with a valuation of $1.3 billion; investors in the Series C funding round included DST Global, NEA, Index Ventures, Ribbit Capital, Thrive Capital and Greenoaks Capital; the firm also announced that it now has over two million users; the firm says: "Our two million users have transacted over $50 billion and saved nearly half a billion dollars in commission fees. Robinhood Gold, our margin and extended hours service, is also experiencing significant growth, with signups surging 17% month over month."; the firm plans to use funds from the Series C funding round for expansion of the platform's products and services. Source
Here are the most read news stories from our daily newsletter today: Deadline for the Global Covid-19 Fintech Survey is...
Last quarter, fintech funding rose to $30 billion, the highest on record. $14 billion of SPAC capital is waiting to take these companies public. Robinhood and Circle are about to float on the public markets, via SPAC and IPO. In this analysis, we explore the fundamentals of both companies, as well as the unifying thesis that explains their growth.
In an interview with Tearsheet Bradley Leimer, managing director and head of fintech strategy at Explorer Advisor & Capital says companies are underestimating content; most VC’s focus on who can be the next Robinhood or TransferWise when there is plenty of opportunities in the market; companies can use customer data to better educate and better target consumers for a specific financial product; there are a lot of interesting companies in the market who can find their niche to perform and offer consumers more choose. Source.
In this video conversation we feature a roundtable by The Defiant exploring how and if the gap between Fintech and DeFi will be bridged.
DeFi Panelists
Lex Sokolin, head economist at ConsenSys
Santiago Roel Santos, angel investor
Spencer Noon, Investor at Variant
Vance Spencer, co founder at Framework Ventures
Fintech Panelists
Keith Grose, head of Plaid international
Nik Milanovi?, founder of This Week in Fintech
Simon Taylor, co-founder of 11:FS
Bruno Werneck, Business & Corporate Development at Plaid
Moderator
Camila Russo, Founder of The Defiant