In this short week, there was no shortage of major fintech news. We had Affirm partnering with Stripe, an OpenSea executive getting charged with insider trading, Binance Labs closing a new fund, Ripple and FTX on the hunt for acquisitions, Nav teaming up with Marcus and more. Here are what I consider to be the top ten fintech news stories of the past week.
Affirm teams up with Stripe as the BNPL wars intensify from TechCrunch – Every Stripe merchant, and there are millions of them, will now be able to offer buy now pay later options through Affirm’s Adaptive Checkout. Affirm continues to be aggressive in pursuing these types of partnerships, they already have significant deals with Shopify, Fiserv and Verifone.
Nav teams up with Marcus to offer SMB credit lines from Fintech Nexus – Small business lending platform Nav is teaming up with Marcus by Goldman Sachs to offer credit lines. The new lines will have fixed rates, no origination fees and a fully digital experience.
With Its IPO On Hold, Chime Should Move Beyond Financial Services from Forbes – In his weekly column, Ron Shevlin provides some advice for Chime based on research conducted by his firm, Cornerstone Advisors. Chime customers are very interested in having the company move beyond financial services, offering products such as roadside assistance, cell phone insurance and identity theft protection.
Every Thursday afternoon, the LendIt Fintech News team and a special guest discuss the news of the week live on LendIt TV, YouTube, LinkedIn, and Twitter. We have now made the show available in podcast format – click on the audio player below.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.