Fintech Focus For November 19, 2021

One Big Thing In Fintech: The demand for comprehensive self-directed investing and robo-advisory platforms is rising at an increasing pace outside of the U.S.

That’s according to Mudani co-founder Daniel Mullen, who spoke with Benzinga about why his firm’s cross-border investing app is a better way to trade fractional U.S. stocks and ETFs, options and cryptocurrency.

Here’s the conversation that transpired.

Source: Benzinga

Other Key Fintech Developments:

• Marqeta, Square partnered up. MQSQ
• Oddup added Factiva platform.
• Cellulant eyeing more funding.
• Doorvest raises $39M funding.
• DAR announces new reporting.
• Gemini is now valued at $7.1B.
• VC firm Paradigm debuts fund.
• Mastercard closes on Aiia buy. MA
• TIME, Galaxy partner on meta.
• Paytm tanked on market debut.
• Nomod secures $3.4M funding.
• Oportun plans to acquire Digit.
• Airwallex hits a $5.5B valuation.
• Doorvest raises $39M funding.
• N26 will shutter US operations.
• Aplazo took in $27M for BNPL.
• Party Round added $7M raise.
• GMEX launches trade platform.
• Bitso, Circle working on crypto.
• Roxe, Nium have partnered up.
• PLACE added a $100M round.

Watch Out For This: BlockFi Inc. is being scrutinized by the U.S. Securities and Exchange Commission over its popular product that pays customers high interest rates for lending out their digital tokens, a development that significantly ratchets up the fast-growing crypto firm’s legal woes.

Source: Bloomberg

Interesting Reads:

• Day in the life of crypto future.
• A fund bans Citadel poaching.
• Late for Biden to help drivers?
• Apple eyeing autonomous car. AAPL

Market Moving Headline: JPMorgan Chase & Co. JPM economists said they now expect the U.S. Federal Reserve to raise interest rates next September, becoming the latest on Wall Street to jettison a forecast for the central bank to stay on hold through 2022. 

Source: Bloomberg