Fintech Focus For September 21, 2021

·1 min read
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Quote To Start The Day: “Everything in the crypto world is still very much an experiment — with a high probability of failure.”

Source: Avi Felman

One Big Thing In Fintech: A notice published last week by the Internal Revenue Service indicates that the U.S. tax agency wants to beef up its capacity to track cross-chain transactions.

Source: The Block

Other Key Fintech Developments:

  • Open Mineral adds $33M for tech.

  • Lithic launches a partner program.

  • Canada’s Neo raises $64M round.

  • Betterment teamed up with JOON.

  • Treasury preps crypto framework.

  • Bakkt will go public SEC approval.

  • Freetrade hires on Revolut leader.

  • FTX is adding new crypto licenses.

  • Sushiswap lead is stepping down.

  • Synctera adds card, fraud service.

  • Ripio secures $50M for expansion.

  • OpenSea launches a mobile app.

  • Airwallex adds $200M at $4B value.

  • eToro adds to its leadership team.

  • Salesforce backs Razorpay fintech.

  • Deutsche bought Better Payment.

  • Euronext has linked with Qomply.

  • Goldman debuted ESG accounts.

  • adds a new report.

  • Toast has raised IPO price range.

  • Zego, CheckAlt team on payments.

  • Kernolab has added $1M for BaaS.

  • Stripe opens London fintech office.

  • LA Clippers struck deal with Intuit.

  • Coinbase abandons lend products.

Watch Out For This: Airbnb CEO Brian Chesky will argue this week that the world is undergoing a "travel revolution," in which some parts of the industry stay shrunk but the sector ultimately comes back "bigger than ever."

Source: Axios

Interesting Reads:

Market Moving Headline: Is Evergrande a Lehman event? We sincerely doubt it. It is (way) easier to contain Evergrande than Lehman, but it doesn’t mean that the Evergrande blow-up doesn’t come with repercussions. Markets will likely stay in “stagflation mode”.

Source: Nordea

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