Fintech Focus For November 4, 2021

Quote To Start The Day: “The only impossible journey is the one you never begin.”

Source: Tony Robbins

One Big Thing In Fintech: Money20/20’s latest in-person conference was held Oct. 24-27, 2021 at The Venetian Resort in Las Vegas, Nevada.

Amidst all the recognition and networking, Benzinga had the opportunity to speak with Money20/20 president Tracey Davies, as well as chief strategy and growth officer Scarlet Sieber.

Here’s the conversation that transpired.

Source: Benzinga

Other Key Fintech Developments:

• Valon adding $43.9M for growth.
• Voyager integrates w/Avalanche. VYGVF
• Klarna launches new super app.
• SMBX added $11.5M for growth.
• WonderFi deployed more nodes.
• Goldman is building token tech. GS
• FINOS, EDM Council partner up.
• Agora secures $9M for software.
• ICF to launch NFT marketplace.
• Confluence adds an acquisition.
• PadSplit adds $20.5M Series B.
• Sandbox adds $93M in funding.
• FairX’s retail futures growing up.
• DriveWealth, Toss partnered up.
• First Internet buys First Century.
• IG Group launches Trade Ideas. IGGHY
• FTX US hiring ex-CFTC leaders.
• AscendEX announces Series B.
• Payhippo added $3M in a seed.
• HoneyBook adding to valuation.
• Lemonade releases Car offering.
• Tarabut Gateway secures $12M.

Watch Out For This: China’s central bank Governor Yi Gang says it will continue to crack down on fintech companies’ misuse of data, and unfair practices.

Source: SCMP

Interesting Reads:

• Mailchimp acquisition analyzed.
• Tesla eyes synced driver profile. TSLA
• Chinese nuclear arsenal grows.
• Subprime carbon bubble forms.
• Ford showcasing EV motor kits. F

Market Moving Headline: Federal Reserve Chair Jerome Powell said officials can be patient on raising interest rates -- after announcing a start to reducing their bond purchases -- but won’t flinch from action if warranted by inflation.

Source: Bloomberg