U.S. markets closed
  • S&P 500

    4,544.90
    -4.88 (-0.11%)
     
  • Dow 30

    35,677.02
    +73.94 (+0.21%)
     
  • Nasdaq

    15,090.20
    -125.50 (-0.82%)
     
  • Russell 2000

    2,291.27
    -4.92 (-0.21%)
     
  • Crude Oil

    83.98
    +1.48 (+1.79%)
     
  • Gold

    1,793.10
    +11.20 (+0.63%)
     
  • Silver

    24.39
    +0.22 (+0.91%)
     
  • EUR/USD

    1.1646
    +0.0015 (+0.13%)
     
  • 10-Yr Bond

    1.6550
    -0.0210 (-1.25%)
     
  • GBP/USD

    1.3760
    -0.0036 (-0.26%)
     
  • USD/JPY

    113.4800
    -0.5080 (-0.45%)
     
  • BTC-USD

    60,988.06
    +362.55 (+0.60%)
     
  • CMC Crypto 200

    1,453.34
    -49.69 (-3.31%)
     
  • FTSE 100

    7,204.55
    +14.25 (+0.20%)
     
  • Nikkei 225

    28,804.85
    +96.27 (+0.34%)
     

Fintech Focus For September 15, 2021

·1 min read
Fintech Header
Fintech Header

Quote To Start The Day: “Anything we decide to do or any outward expression of behavior will be consistent with what we believe.”

Source: Mark Douglas

One Big Thing In Fintech: Securities and Exchange Commission chairman Gary Gensler indicated Tuesday that crypto lending and staking platforms that hold custody of user funds could fall under U.S. securities laws and, as a result, his agency's oversight.

Source: The Block

Other Key Fintech Developments:

  • Steve Cohen backing a crypto firm.

  • Citi led $15M round for Amberdata.

  • CaixaBank boosts digital capability.

  • MODIFI added $24M in a Series B.

  • Peach Finance added $20M round.

  • Weave adds QuickBooks integration.

  • SellersFunding adds $166.5M funds.

  • Pagaya nears new $9B SPAC deal.

  • Remitly aims to raise $332M in IPO.

  • Melio secures a $250M investment.

  • QED closes on $1.05B fintech funds.

  • Envoy Mortgage selected Reggora.

  • Fiserv, GalaxE focus on Milwaukee.

  • Fireblocks is opening up new offices.

  • Intuit to acquire Mailchimp for $12B.

  • Modifi secures $24M in new funding.

  • Xendit a unicorn with $150M round.

  • Embroker launches insurance offer.

  • Sproutt adds $26M for Life Insurance.

  • Jump Trading fully public on crypto.

  • Integrated Finance adds seed fund.

  • DRL landed a $100M Algorand deal.

  • Solana hitting transaction problems.

  • Nubank and Creditas partnering up.

  • Square entered in patent pact, OIN.

Watch Out For This: North Korea fired two unidentified ballistic missiles into waters off the east coast of the Korean Peninsula on Wednesday, according to South Korea's Joint Chiefs of Staff.

Source: CNN

Interesting Reads:

  • 28-yr-old sold $250M in shapewear.

  • Xi declines Biden in-person meeting.

  • China EV is poised for consolidation.

  • Governor Newsom beats recall effort.

  • China weakening on delta outbreak.

  • Vision for decentralized social media.

Market Moving Headline: We are optimistic that the secular bull market for equities still has room to run, but we see the potential for near-term choppiness. A variety of emerging macroeconomic risks should be monitored by investors as we head into the end of the year.

Source: Merrill Lynch

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