Fintech Focus For November 9, 2021

Quote To Start The Day: “Velocity of money has been coming down because people have been saving and putting money into assets.”

Source: Cathie Wood

One Big Thing In Fintech: Fueled in part by the leveraged trade of participants sharing highly speculative trade ideas on platforms like WallStreetBets, shares of Tesla Inc TSLA surpassed $1,200 last week.

With options order flow tools, some participants were able to quickly pick up on this activity and trade accordingly.

One such tool is InsiderFinance. Benzinga chatted with the company’s founders — Rob Hibbard and Trey Huffine — to learn how investors could have better traded along with the larger, better-capitalized participants, colloquially referred to as the “smart money.”

Here’s the conversation that transpired.

Source: Benzinga

Other Key Fintech Developments:

• Monument clear new a neobank.
• Voyager is integrated into Coinify. VYGVF
• US fintech firms fetch $7.5B VC.
• Banks hone in on crypto trading.
• Why Current built tech in-house?
• Facebook fintech now rebranded. FB
• Nimbla secures a funding round.
• Mastercard to launch crypto card. MA
• Abrdn to buy Interactive Investor.
• Matter Labs raises $50M round.
• CQG launches new technologies.
• Lemonade to acquire Metromile.
• Coinbase intros wallet extension. COIN
• CommBank leads $100M round.
• MX integrating with Q2 platform.
• Standard Chartered taps Starling.
• Vestwell buying BNY’s Sumday.
• Paradigm’s Huang joined Stripe.
• Amazon adds Venmo checkouts. AMZN
• WE and AIX deepen partnership.
• Airwallex got a payment license.
• Cronos mainnet beta is now live.
• JUMO adds $120M new funding.
• Ocrolus, Blend eyeing mortgage.

Watch Out For This: But not all sustainability plans are created equal. Many companies lack clarity on what makes for a robust and meaningful climate strategy, and what actually has a fighting chance of saving our planet.

Source: Crunchbase

Interesting Reads:

• NYC mayor on crypto education.
• BlockFi in a race for bitcoin ETF.
• YouTube will expand Shorts test. GOOGL
• Borderless fintech and inclusion.

Market Moving Headline: “The perception that housing is drastically undersupplied and that a strong demographic picture lies ahead is creating a false sense of security,’’ according to a report by Zelman’s firm entitled “Cradle to Grave.’’

“By our math, both single-family and multi-family production are already ahead of normalized demand and estimates of a housing deficit are grossly exaggerated.’’

Source: The Real Deal