Fintech Focus For July 15, 2021

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Quote To Start The Day: “Once you hear the details of victory, it is hard to distinguish it from a defeat.”

Source: Jean-Paul Sartre

One Big Thing In Fintech: M1 Finance, an automated money management platform, announced Wednesday a $150 million Series E funding round to boost innovation and platform growth.

“Each funding round is proof and motivation that people believe in our mission of empowering financial well-being,” said M1 Finance founder and CEO Brian Barnes. “Financial well-being isn’t a luxury, it’s a necessity. Our platform helps people have more control, more freedom, and more power over their money. We experienced massive growth in the past year, and it’s extremely gratifying to see investors and clients believe in our vision and make it a reality.”

Source: Benzinga

Other Key Fintech Developments:

  • YuLife raises record $70M round.
  • Tipalti passes $23B transactions.
  • Cardless taps $40 for credit card.
  • S&P adds cryptocurrency indices.
  • IVIX secures $13M seed funding.
  • BCI looks to re-sign QuantaVerse.
  • Crypto not part of BLK strategies?
  • Railsbank raises $70M for FaaS.
  • Coatue co-leads CertiK Series B.
  • Verizon, Mastercard tackle fintech.
  • Mosaic, Limeglass eye digitization.
  • Liberty taps Xero’s tech platform.
  • Mercury expands use of TT tech.
  • Vanguard has bought Just Invest.
  • Kukun expands SoFi partnership.
  • Lili grows freelancer fintech offer.
  • MoonPay growing with WorldPay.
  • DeFi wallet Phantom raises $9M.

Watch Out For This: “The investor experience has never been better. Developments in market structure, advances in technology and the introduction of intense competition have resulted in vastly expanded service and product offerings to retail investors, low or no cost trading, and importantly, superior execution quality.”

Source: Doug Cifu

Interesting Reads:

Market Moving Headline: Federal Reserve Chair Jerome Powell said it was still too soon to scale back the central bank’s aggressive support for the U.S. economy, while acknowledging that inflation has risen faster than expected.

Source: Bloomberg

Market News and Data brought to you by Benzinga APIs
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Posted In: FintechBlackrockDeFiJerome PowellLibertyM1 FinancemastercardRailsbankS&P GlobalvanguardVerizonVirtuXero
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