Fintech Focus For June 22, 2021

Quote To Start The Day: "When we strive to become better than we are, everything around us becomes better too.”

Source: Paulo Coelho

One Big Thing In Fintech: Uphold, a fintech providing investors single-wallet access to cryptocurrencies, fractional U.S. equities, commodities, carbon credits and FX, last week formally announced the launch of smart limit orders.

As part of the development, Benzinga chatted with CEO JP Thieriot.

Source: Benzinga

Other Key Fintech Developments:

• Kredivo secures $100M in financing.
• Tiger Global wills to back BharatPe.
• Mexico is a hub of fintech startups.
• Fintech Blend filed for a public offer.
• BBVA looking to grow with ALPIMA.
• Nascar driver getting paid in crypto.
• PBOC cracks down on crypto trade.
• Tesseract added a $25M Series A.
• EU’s data protection targets privacy.
• Analysis: Could Shopify be a fintech?
• Blocktrace is launching Fusion API.
• Morgan Stanley co-leading a round.
• Goldman intros transaction banking.
• BBVA taps Alpima to scale quants.
• Aveni secures an AI tech investment.
• Fintech startup Volt collects $23.5M.
• Morgan Stanley backing Securitize.
• Amber Group has hit $1B valuation.
• Digital asset trade venues are rising.
• AI tech to cut into settlement failure.
• Fintech startup Mfast raises $1.5M.
• Insurance companies target fintech.
• Expensify paying you to get vaccine.
• MoneyLion adds to team executives.
• Revolut doubles loss, adds revenue.
• Bitcoin IRA releases first crypto IRA.
• DataRails extended Series A round.

Watch Out For This: Overall, the most common reason why someone would buy directly from a company was that it was simply the cheaper option; customers don’t need to make up for the additional transportation and handling costs that are tacked on to items being sold in large retail outlets.

Source: Coupon Follow

Interesting Reads:

• Jeep Grand Wagoneer gets 15 mpg.
• Investors fear inflation, labor supply.
• Airlines, unions to intro prosecution.
• California is paying off accrued rents.
• US extends border travel restrictions.
• China’s progress over trade slowing.
• 148-year-old tunnel a big bottleneck.

Market Moving Headline: We remain constructive on U.S. stocks as the economic restart gains pace. Yet as the cycle evolves, investors will increasingly divert their attention toward the potential party spoilers. A chief concern is inflation, and whether the rising prices seen in some pockets of the economy are transitory or the first signs of an enduring new regime. We expect fears of inflation will be enough to stoke volatility in stocks, even amid Fed assurances of continued accommodation. Similarly, tax policy may become a volatility trigger as lawmakers debate the proposals.

Economically sensitive cyclical stocks have had a very strong run year-to-date. We don’t think their full potential is exhausted, but we do see an opportunity to also turn attention to quality stocks as the cycle’s next beneficiaries.

Source: BlackRock