Short Takes: $200B Ant Financial IPO, SoFi wants to become a national bank, Vanguard launches roboadvisor, and Binance acquires Swipe
Short Takes: $200B Ant Financial IPO, SoFi wants to become a national bank, Vanguard launches roboadvisor, and Binance acquires Swipe
Short Takes: $200B Ant Financial IPO, SoFi wants to become a national bank, Vanguard launches roboadvisor, and Binance acquires Swipe
Hi Fintech Architects --
Welcome back to the subscribers-only letter! Here are the top updates hitting our radar:
Fintech disruptor SoFi wants to become a national bank — again (link here)
Over 60% of HNW investors would switch to a tech firm from a wealth management firm — World Wealth Report 2020 (link here)
Vanguard Seeks to Draw Younger Investors With New Robo Service (link here) and Here's what incumbents can learn from them to maintain their grasp on a $43 trillion market (link here)
Massive Fintech Ant Financial Planning Hong Kong IPO, Valuation Expected to Top $200 Billion (link here)
North America Q2 Venture Report: Funding Down As Expected (link here) but PwC / CB Insights MoneyTree Report sees the quarter’s deals up (link here)
Verikai raises $6 million Series A (link here)
Binance Acquires Crypto Debit Card Provider Swipe for Undisclosed Sum (link here)
Instant $500k Profits on BZRX Raises Questions on DEX Offerings (link here)
SEC, CFTC Hit Crypto App Abra With $300K in Penalties …