2022: The year of fintech job cuts
FinTech Futures takes a look back at a bruising year of job cuts in fintech.
Stock Exchange
News, intelligence and resources on the global fintech industry including topics such as stock exchange.
LSEG looks to boost post trade offering with Acadia acquisition
The deal is the latest in a string of acquisitions for LSEG this year.
Microsoft buys 4% stake in LSEG, pair to develop data analytics solutions
LSEG has also committed to a $2.8bn cloud-related spend with Microsoft over the life of the 10-year agreement.
How blockchain technology is opening up fractional investing
Blockchain tech can power access to alternative assets such as art, real estate and wine.
Cartoon: Fear gauge
A new cartoon illustrating how uncertainty in the stock market is making companies hesitant about going public.
Robinhood to cut 23% of staff, crypto unit fined $30m
Robinhood CEO Vlad Tenev says previous staff cuts announced in April “did not go far enough”.
US fintech GloriFi to trade publicly following $1.7bn SPAC merger with DHC
The new combined business will be worth approximately $1.7bn with the deal expected to close in Q1 2023.
FinTech Futures: Top five stories of the week – 29 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Robinhood announces layoffs, sheds 9% of full-time workforce
CEO Vlad Tenev cites duplicate roles and job functions and “more layers and complexity than are optimal”.
FinTech Futures: Top five stories of the week – 22 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Trading app Robinhood plots global expansion with acquisition of UK crypto firm Ziglu
Robinhood says the deal forms part of its mission to “democratise finance”.
London Stock Exchange Group sells BETA+ in $1.1bn deal
BETA, Maxit and Digital Investor (collectively known as BETA+) have been sold to Clearlake Capital and Motive Partners.
Cartoon: Valuation
A new cartoon illustrating the disconnect between public and private market valuations.
The fintech SPAC boom: could London be next?
The FCA has made changes to promote investor protection and make SPAC deals more accessible in the UK.
Video: fintech news pick of the week – Paytm, M1 Finance and US open banking reform
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Circle to go public in $4.5bn SPAC deal
The combined company plans to float on the New York Stock Exchange (NYSE).
Video: fintech news pick of the week – Wise, Société Générale & BBVA
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Mark Cuban-backed banking app Dave to go public in $4bn SPAC deal
The two parties claim the deal will be finalised later this year.
Klarna sways towards US over UK for stock market listing
Klarna boss Sebastian Siemiatkowski says: “It’s more likely that Klarna will list in the US.”
Robinhood calls Massachusetts regulator “elitist” for trying to revoke its licence
“The complaint reflects the old way of thinking,” says Robinhood.
Coinbase IPO values hits $99.6bn valuation with shares up 52% on debut
Shares closed below $330, up a lesser 32%.
UiPath files for IPO weeks after landing $35bn valuation
The fintech estimates a $60 billion addressable market for RPA.
Goldman-backed Flywire files paperwork for IPO which could reach $3bn
Flywire has listed itself as profitable since its Series B funding round in 2013.
London fintech WorldRemit mulls taking $1.5bn Spac listing to US
Refinitiv data shows Spac mergers have surged to a record $170 billion this year.
GameStop trader Deep F—ing Value, a licensed broker, sued for “fake persona”
The lawsuit accuses Gill of “deceitful and manipulative conduct”.
Affirm’s IPO is a wake-up call for banks
Affirm is placing pressure squarely on banks and fintechs to challenge its BNPL market share.
Affirm IPO sees shares surge 98%
Affirm managed to halve its losses by June 2020.
eToro plans for a $5 billion US IPO
The broker is eyeing a listing in New York and is already in talks with Goldman Sachs.
Crypto platforms drop support for XRP amid SEC’s Ripple lawsuit
Some crypto exchanges have delisted it while others have halted, suspended, or disabled trading for XRP.
SoftBank aims to raise $525m with Spac IPO
Goldman Sachs Group and Citigroup are managing the deal.
Coinbase files for IPO listing amidst racism scandal
The start-up has long struggled with its management of Black employees.
Video: Top fintech stories this week – 04 September 2020
FinTech Futures’ weekly news round-up.
Nasdaq proposes IPO alternative to raise funds
Nasdaq’s proposal to the SEC pushes for alternative routes to the public markets.
Chinese insurtech Waterdrop raises $230m & plans US IPO
Known as Shuidihuzhu in China, its Series D round was led by Swiss Re and Tencent.
Robinhood’s value tops $11bn on new funding round
The new valuation increased by nearly one-third from a previous round just one month ago.
BankMobile sells for $35m less than failed deal three years ago
BankMobile was supposed to be acquired back in 2017.
Affirm eyes IPO with up to $10bn valuation
PoS lender is working with Goldman Sachs in early-stage discussions of a potential listing.
Venture capital firm Ribbit plans $600m fintech Spac
Bow Capital Management is also aiming to raise $350m for a tech focused Spac.
Stock trading apps are booming, but what about the education gap?
Are fintechs just “paying lip service” to education?
Robinhood scraps UK expansion plans
The fintech landed its licence last August.
