Fintech Focus For August 27, 2021

Quote To Start The Day: "Make mistakes faster.”

Source: Andrew Grove

One Big Thing In Fintech: Large institutional transactions above $10m made up the majority of DeFi transactions in the second quarter of this year.

Source: Markets Media

Other Key Fintech Developments:

• Home Lending Pal secures $2.2M.
• Inside Facebook plans for banking.
• Meet Shares, a stock market app.
• Tuna taps $3M to tackle payments.
• WealthKernel launches Sipp tech.
• Quantitative Brokers added algos.
• Sensibill, FreeAgent have teamed.
• eToro’s Q2 crypto income soaring.
• Credijusto, i2c team on credit cards.
• MX Technologies weighing a sale.
• FIS, NYDIG push crypto adoption.
• Airwallex plants roots inside of U.S.
• Paradigm leads $8M Euler funding.
• Indyfin secures about $2M to scale.
• Nubank readies for public offering.
• BM Tech CEO on future of fintech.
• JPM leads Aumni’s $50M funding.
• Israel’s big fintech scene to disrupt.
• Elopage secures $38M in funding.
• Nubank looking for $55B valuation.
• BNPL Afterpay debuts advertising.
• Roofstock buying Great Jones tech.
• Nium crosses $1B valuation mark.
• TikTok cutting crypto-related posts.
• Finicity expanding MVS availability.
• CoreLogic taps ICE Mortgage tech.

Watch Out For This: The hosts of "Pennies: Going In Raw," one of the most popular finance and investment-themed podcasts, are putting on P:GIR Live, an event catering to the financial community on social media, on Sept. 7-8 in Reno, Nevada.

Ahead of the event, Benzinga chatted with P:GIR’s Mitch Hennessey to learn more.

Source: Benzinga

Interesting Reads:

• Banks saw a 40% overdraft bump.
• YouTube removing COVID videos.
• Drop in lumber to save $40K/home.
• Twitter adds paid ticketed Spaces.
• Salesforce CEO talks remote work.

Market Moving Headline: “While news of bombings at the Kabul airport has resulted in some volatility this morning, it has become consensus that Jackson Hole will be more or less a non-event as investors are moving expectations for any major Fed taper announcement to later this year,” said Christopher Murphy, Susquehanna International Group co-head of derivatives strategy.

Source: Bloomberg