Short takes: Banks shrink 30%, Facebook Financial looms, Fidelity and Envestnet trading tech, $15B DeFi marketcap heating up

Hi Fintech Architects --

Welcome back to the subscribers-only letter! Here are the top updates hitting our radar:

1. Kabbage, the small business lender, is getting acquired by American Express (link here)

2. Robinhood raises $200M more at $11.2B valuation as its revenue scales (link here)

3. Facebook Financial Formed to Pursue Company’s Payments Plans (link here)

4. 95%…