Starling’s results are more proof that high interest rates could be a boon for fintech
High interest rates helped the UK's Starling post stellar revenue gains, and it appears its kin across the world could enjoy similar benefits too.
Roku, Roblox and others disclose their exposure to SVB in SEC filings
The fallout from the collapse of Silicon Valley Bank is impacting a range of startups and larger firms including, as we know now from SEC filings, publicly traded companies like Roku, Roblox, Quotient
As FTX’s CEO eyes Robinhood, will we see crypto exchanges move into equities trading?
Would Coinbase be better off with a less fundamentalist stance and more diversified revenue streams? Yes? That would be the standard business advice?
Kyle Lui, long-time DCM partner, leaving to join Bling Capital as second GP
Lui’s move is the latest among high-profile fund managers.
Just how wrong were those SPAC projections?
Why are companies that went public via SPACs struggling? Did they catch a headwind from changing market conditions that previously pushed them forward? You bet. But the damage is also self-inflicted.
Equity Monday: Tensions go up, stocks go down
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Every Monday, or Tuesday, Grace and Alex scour the news and
Esusu becomes unicorn with SoftBank Vision Fund 2-led $130M funding
More than 100 million Americans spend an average of $1,100 (over $1.4 trillion per year) on their largest monthly household spend: rent. But reports say 90% of these people don’t get credit for pay
Mark Cuban-backed fintech Dave’s public offering puts SPACs to the test
Dave.com hopes to join SoFi in the ranks of the fintech startups that did just fine in their SPAC debuts.
Lessons we learned from the last week of fintech earnings
Let’s examine a series of winning fintech results from BNPL, consumer finance, proptech and corporate finance before turning to fintech's earnings misses from Q3 2021.
Fintech founders can learn a lesson about frugality from these industry leaders
Venture-backed fintechs raised a record $30.8 billion in the second quarter of this year, up 30% over the same quarter last year. But how are fintech founders spending it all?
Why fintechs are buying up legacy financial services companies
As more fintech companies find their way to higher and higher valuations in both the private and public markets, expect to see more legacy banks and lenders be gobbled up by newer entrants.
In its first funding in 7 years, profitable fintech Lower raises $100M Series A led by Accel
Lower, an Ohio-based home finance platform, announced today it has raised $100 million in a Series A funding round led by Accel. This round is notable for a number of reasons. First off, it’s a larg
Reading the IPO market’s tea leaves
Today's dissection of the public offering market paints a generally positive picture of the IPO market for venture-backed companies.
Risk startup LogicGate confirms data breach
Risk and compliance startup LogicGate has confirmed a data breach. But unless you’re a customer, you probably didn’t hear about it. An email sent by LogicGate to customers earlier this mon
SoFi acquires community bank Golden Pacific Bancorp to speed up its national bank charter process
SoFi, more formally known as Social Finance, announced today that it has agreed to acquire Golden Pacific Bancorp (GPB) for about $22.3 million. The dollar amount is not staggering. What is more notab
Former top Paytm exec is building his own financial services startup
The executive who built the financial services boutique for Paytm, India’s most valuable startup, is ready to do something similar all over again. Pravin Jadhav, the former chief executive of Pa
Brex applies for bank charter, taps former Silicon Valley Bank exec as CEO of Brex Bank
Brex is the latest fintech to apply for a bank charter. The fast-growing company, which sells a credit card tailored for startups with Emigrant Bank currently acting as the issuer, announced Friday th
Webull, M1 and Public remove restrictions on ‘meme stocks’ after citing trade settlement firm as the cause
Three of the popular retail stock market trading apps that have hosted much of the activity related to the Wall Street Bets subreddit-spurred run on stocks including GameStop (GME) and AMC, among othe
2021: A SPAC odyssey
Perhaps these companies would have merely stayed private sans SPACs. If that's true, two cheers for blank-check companies?
SoFi to go public in merger with Chamath Palihapitiya’s newest SPAC
Consumer financial services startup SoFi is going public via a merger with special purpose acquisition company Social Capital Hedosophia Holdings Corp V, one of a series of blank-check companies forme