Top Fintech News Stories for May 21, 2021

Here are the most read news stories from our daily newsletter today:

  • The Fed this summer will take another step in developing a digital currency – CNBC
  • Mike Cagney’s Blockchain Firm Figure Technologies Acquires $200M via Series D at $3.2B Valuation – CrowdFund Insider
  • Plaid And Square Partner On Easier ACH Payments For SMBs –
  • Sunbit secures unicorn status with a $130M Series D round and $1.1B valuation – Finextra
  • The case for cannibalising the bank – The Finanser
  • Hearth, a loan app for home repair contractors, announces $23M Series B – finLedger
  • Biden ordering climate risk strategy for financial assets – American Banker
  • After Growing 88x In A Year, Where Does DeFi Go From Here? – Forbes
  • As Paycheck Protection Program Runs Dry, Desperation Grows – The New York Times
  • Truist, Varo join effort to bolster Americans’ emergency savings – American Banker

  • 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.