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Previous Newsletters
Robinhood Hack; Santander Expands No-Fee Overdraft; Ocrolus & Blend Partner
by Cole Gottlieb | Nov 14, 2021
Greetings, October inflation hit 6.2% year over year. Sen. Toomey urges caution on stablecoin regs. ID verification startup Socure raises $450Mn. UK BNPL Zilch raises $110Mn. Zip and WebBank partner on a BNPL card. Ocrolus and Blend partner to automate mortgages. Bill...
Stablecoin Report is In; BNPL in Congress; Rocket Mortgage-as-a-Service
by Cole Gottlieb | Nov 7, 2021
Greetings, The Fed is ready to taper. Regulators want to treat stablecoins like banks. Congress hears testimony on BNPL. Mission Lane completes $320Mn securitization. Rocket Mortgage-as-a-Service. Affirm partners with American Airlines. Cross River acquires Betterfin....
Money20/20 Recap; SEC Wants Stablecoin Authority; Mastercard’s Crypto Play
by Cole Gottlieb | Oct 31, 2021
Greetings, Unemployment claims keep dropping and wages rising. The SEC is looking to regulate stablecoins, while regulators look to provide a roadmap for banks to get in on the action. A B2B BNPL raises $100Mn. PayPal backs away from Pinterest. Mastercard plans crypto...
Goldman and Amex Partner; States Lead on Crypto Charters; Is PayPal Buying Pinterest?
by Cole Gottlieb | Oct 24, 2021
Greetings, States are leading the charge on crypto bank charters. Embed raises $60Mn. Credit unions struggle with excess deposits. Synchrony partners with Fiserv on BNPL. CEO of brokerage fintech M1 buys a bank. FP&A automation startup Trovata raises $20Mn....
Big Bank Earnings; Energy Costs Drive Inflation; Oportun Pulls Charter
by Cole Gottlieb | Oct 17, 2021
Greetings, Unemployment drops and record numbers quit their jobs. Energy costs are driving inflation concerns. Fintech infrastructure companies raise cash. Crypto lender Celsius valued at $3Bn, despite regulatory concerns. Oportun pulls its charter. NerdWallet readies...
Improving Employment Picture; Banks Push Back on Apple Pay Fees; Stablecoin Regulation
by Cole Gottlieb | Oct 10, 2021
Greetings, Employment picture mixed as inflation concerns continue. Teen banking startup Copper raises $9Mn. U.S. Bank to offer crypto custody services. Trustly partners with Cross River to power Instant Payouts. Banks push back on Apple Pay fees. Google axes plans...
KYC Startup Alloy Raises $100Mn; Mastercard Installments; Coinbase Direct Deposit
by Cole Gottlieb | Oct 3, 2021
Greetings, The economy taps the brakes, but not for long. The Fed has acknowledged progress on jobs, but says it’s not time to raise rates (yet). OCC nominee faces a tough road to confirmation. KYC-as-a-Service startup Alloy raises $100Mn, while robo-advisor...
Ocrolus Raises $80Mn; Chopra Nears Confirmation; MoneyLion Begins Trading
by Cole Gottlieb | Sep 26, 2021
Greetings, The Fed could begin tapering asset purchases as early as November. Financial regulator appointments move closer to confirmation. Ocrolus raises $80Mn for automated document verification, while Self Financial raises $50Mn for credit building products....
Goldman Buys GreenSky; Chase & Capital One Consider BNPL; Inflation Cools
by Cole Gottlieb | Sep 19, 2021
Greetings, Unemployment numbers remain steady and inflation ticks down. Median household income dropped in 2020, excluding some stimulus measures. Pagaya will go public via a SPAC. Goldman buys POS lender GreenSky. Chase and Capital One consider BNPL offerings. Square...
PayPal Acquires Japanese BNPL; Amazon POS for SMB; Revolut Plans BNPL
by Cole Gottlieb | Sep 12, 2021
Greetings, Initial unemployment claims hit a new low, despite more than 10.9Mn jobs remaining open. Several pandemic-related unemployment programs ended last week. Consumer spending decelerates amid Delta. Opinions on a second term for Fed Chair Powell vary. CFPB...