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News, intelligence and resources on the global fintech industry including topics such as stock exchange.

FinTech Futures: Top five stories of the week – 29 April 2022

Here’s our pick of five of the top news stories from the world of finance and tech this week.

Robinhood

Robinhood announces layoffs, sheds 9% of full-time workforce

CEO Vlad Tenev cites duplicate roles and job functions and “more layers and complexity than are optimal”.

FinTech Futures: Top five stories of the week – 22 April 2022

Here’s our pick of five of the top news stories from the world of finance and tech this week.

Robinhood

Trading app Robinhood plots global expansion with acquisition of UK crypto firm Ziglu

Robinhood says the deal forms part of its mission to “democratise finance”.

London Stock Exchange Group sells BETA+ in $1.1bn deal

BETA, Maxit and Digital Investor (collectively known as BETA+) have been sold to Clearlake Capital and Motive Partners.

Cartoon: Valuation

A new cartoon illustrating the disconnect between public and private market valuations.

The fintech SPAC boom: could London be next?

The FCA has made changes to promote investor protection and make SPAC deals more accessible in the UK.

Video: fintech news pick of the week – Paytm, M1 Finance and US open banking reform

Our top pick of news from the world of finance and tech in bitesize video format, twice a week.

circle

Circle to go public in $4.5bn SPAC deal

The combined company plans to float on the New York Stock Exchange (NYSE).

Video: fintech news pick of the week – Wise, Société Générale & BBVA

Our top pick of news from the world of finance and tech in bitesize video format, twice a week.

Mark Cuban-backed banking app Dave to go public in $4bn SPAC deal

The two parties claim the deal will be finalised later this year.

Klarna sways towards US over UK for stock market listing

Klarna boss Sebastian Siemiatkowski says: “It’s more likely that Klarna will list in the US.”

Robinhood calls Massachusetts regulator “elitist” for trying to revoke its licence

“The complaint reflects the old way of thinking,” says Robinhood.

Coinbase IPO values hits $99.6bn valuation with shares up 52% on debut

Shares closed below $330, up a lesser 32%.

UiPath files for IPO weeks after landing $35bn valuation

The fintech estimates a $60 billion addressable market for RPA.

Goldman-backed Flywire files paperwork for IPO which could reach $3bn

Flywire has listed itself as profitable since its Series B funding round in 2013.

London fintech WorldRemit mulls taking $1.5bn Spac listing to US

Refinitiv data shows Spac mergers have surged to a record $170 billion this year.

GameStop trader Deep F—ing Value, a licensed broker, sued for “fake persona”

The lawsuit accuses Gill of “deceitful and manipulative conduct”.

Affirm’s IPO is a wake-up call for banks

Affirm is placing pressure squarely on banks and fintechs to challenge its BNPL market share.

Affirm IPO sees shares surge 98%

Affirm managed to halve its losses by June 2020.

eToro plans for a $5 billion US IPO

The broker is eyeing a listing in New York and is already in talks with Goldman Sachs.

Crypto platforms drop support for XRP amid SEC’s Ripple lawsuit

Some crypto exchanges have delisted it while others have halted, suspended, or disabled trading for XRP.

SoftBank aims to raise $525m with Spac IPO

Goldman Sachs Group and Citigroup are managing the deal.

Coinbase files for IPO listing amidst racism scandal

The start-up has long struggled with its management of Black employees.

Video: Top fintech stories this week – 04 September 2020

FinTech Futures’ weekly news round-up.

Nasdaq proposes IPO alternative to raise funds

Nasdaq’s proposal to the SEC pushes for alternative routes to the public markets.

Chinese insurtech Waterdrop raises $230m & plans US IPO

Known as Shuidihuzhu in China, its Series D round was led by Swiss Re and Tencent.

Robinhood’s value tops $11bn on new funding round

The new valuation increased by nearly one-third from a previous round just one month ago.

BankMobile sells for $35m less than failed deal three years ago

BankMobile was supposed to be acquired back in 2017.

Affirm eyes IPO with up to $10bn valuation

PoS lender is working with Goldman Sachs in early-stage discussions of a potential listing.

Venture capital firm Ribbit plans $600m fintech Spac

Bow Capital Management is also aiming to raise $350m for a tech focused Spac.

Stock trading apps are booming, but what about the education gap?

Are fintechs just “paying lip service” to education?

Robinhood scraps UK expansion plans

The fintech landed its licence last August.

nCino prices IPO above price range at $31 a share

The company sold 8.06 million shares to raise $249.86 million on 13 July.

Goldman Sachs says crypto is “not a suitable investment” on invite-only call

Bitcoin reclaimed its $10,000 territory on Monday.

Fintech investment tips: ETFs, CFD and beyond

Opportunities for traders are no less diverse in the modern market.

Video: Top fintech stories this week – 27 March 2020

FinTech Futures’ weekly news round-up.

Stock markets decline as coronavirus crisis worsens

A further wave of dividend suspensions and cancellation of buybacks were announced.

Euronext welcomes new COO Georges Lauchard

The role will be based in Paris.

Travelex owner Finablr prepares for insolvency

Finablr processed $115 billion in transactions in 2019, and more than 1,500 firms rely on it.

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