Blissful New Yr everybody. It was a comparatively gradual first week of the yr so far as fintech information goes. Main off the information was Dave going public by way of SPAC, Petal closed a giant funding spherical, my 2022 fintech tendencies, China’s CBDC will work with WeChat and the credit score bureaus are bringing BNPL loans into the fold. Listed below are what I think about to be the highest ten fintech information tales of the previous week.
Dave challenger financial institution goes public by way of SPAC from LendIt Fintech Information – The primary fintech firm to go public in 2022 is Dave, the challenger banking app with 10 million members,
Petal nears unicorn standing with contemporary $140M in capital to upend ‘damaged’ conventional credit score system from TechCrunch – The primary large funding spherical of the yr goes to Petal, the pioneer in money circulation underwriting. The $140 million Collection D values the corporate at $800 million.
The seven 2021 fintech tendencies that may form 2022 from LendIt Fintech Information – My annual have a look at the tendencies that may form fintech within the coming yr.
China’s digital forex involves its greatest messaging app WeChat, which has over a billion customers from CNBC – WeChat Pay is the preferred cost methodology on the planet, and slightly than struggle them the Chinese language authorities has determined to make their digital forex accessible to be used throughout the app.
Experian, TransUnion bringing purchase now/pay later loans into credit score stories from American Banker – The main credit score bureaus will quickly have a uniform solution to report BNPL funds, bringing extra transparency to the burgeoning sector.
PayPal Is Exploring Creating Its Personal Stablecoin as Crypto Enterprise Grows from CoinDesk – A developer found hidden code contained in the PayPal app that exhibits they’re engaged on creating their very own stablecoin. The corporate confirmed they’re exploring the thought.
Fintech founders accuse Starling’s Boden of attempting to stifle innovation from Finextra – The CEO of Starling Financial institution within the UK is in scorching water along with her fellow fintech executives for calling out open banking initiatives as a failure.
Goldman-backed digital financial institution Starling boycotts Meta over rip-off advertisements from CNBC – Starling Financial institution was additionally within the information this week over their resolution to boycott promoting on Fb and Instagram over issues about rip-off advertisements.
Crypto ‘Winter’ Slows Quantity on A few of the Greatest Exchanges from Bloomberg – It was not first week of the yr for crypto traders as many of the main cryptocurrencies misplaced at the least 10% of their worth in gentle buying and selling.
In What May Be A Watershed Motion, A Multibillion-Greenback Fintech Firm Bolts Into A 4-Day Workweek from Forbes – Fintech unicorn Bolt is transferring to a four-day workweek after a three-month pilot that confirmed elevated employee productiveness.
Each Thursday the LendIt Fintech Information staff and a particular visitor talk about the information of the week dwell on LendIt TV, YouTube, LinkedIn, and Twitter. We have now now made the present accessible in podcast format – simply click on on the audio participant under.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and occasions firm centered on fintech. Peter has been writing about fintech since 2010 and he’s the writer and creator of the Fintech One-on-One Podcast, the primary and longest-running fintech interview collection. Peter has been interviewed by the Wall Avenue Journal, Bloomberg, The New York Occasions, CNBC, CNN, Fortune, NPR, Fox Enterprise Information, the Monetary Occasions, and dozens of different publications.