The biggest name in Silicon Valley venture capital over the last half-century is Sequoia. And the biggest name in European fintech is Klarna.
Block reported earnings after the bell yesterday and it was a strong report with solid revenue growth in both Cash App and Square.
Revenue for the fourth quarter was above expectations at $5.77 billion and gross profit was $2.03 billion, up 22% from a year ago.
For the past two decades, the investment banking ecosystem in fintech has been dominated by one player: Steve McLaughlin's FT Partners. Now, that is not to say that other investments have not done deals. The really big deals are often done by the likes of Goldman Sachs, Morgan Stanley, or JPMorgan Chase.
If you are not paying attention to Nubank, it is time you did.
Last week the Latin American fintech leader released their Q4 and full-year earnings and it was another very solid report.
While AI chatbots have been around for several years, with the rapid AI advances of the past 18 months, they are reaching a new level of usefulness.
There is never a dull moment in the Banking-as-a-Service space. Treasury Prime is the latest company to make news in the space.
It was three ago last week when LendingClub closed its acquisition of Radius Bank. At that time LendingClub entered into an operating agreement with the OCC that imposed capital restraints and growth limits on the fintech pioneer.
Payment by bank account is a functionality that has existed for more than a decade in many countries. But it is still a relatively new phenomenon in the U.S.
Late yesterday, we heard the news that Onfido, a pioneer in ID verification used by banks and fintechs all over the world, is going to be acquired by Entrust, a diversified security and verification company.
We are entering the thick of fintech earnings season and in the last 24 hours, we have seen earnings from two fintech pioneers: PayPal and Adyen.
They tell very different stories.