Short Takes: India battle for Fintech (WhatsApp lending, WeChat banned), OnDeck acquired for $90MM, OCC lets US banks custody crypto
Hi Fintech Architects --
Welcome back to the subscribers-only letter! Here are the top updates hitting our radar:
WhatsApp to pilot projects to deliver credit, insurance and pension to users in India (link here) and Tencent’s WeChat cuts off service in India amid the country’s ban on Chinese apps (link here)
Samsung, SoFi and Mastercard launch the mobile-first money management platform (link here)
Hippo raises $150 million (link here)
Kabbage Launches Checking Accounts for Small Business (link here)
OnDeck Acquired by Enova for $1.38 a Share (link here)
Munich-based Scalable Capital raises €50 million Series D to expand its wealth management and brokerage platform (link here)
Lloyds Bank to Acquire Minority Stake in Form3, a Cloud enabled Payments Technology Provider (link here)
Thought Machine, a core banking provider, announcing $83 million funding (link here)
China’s Blockchain Infrastructure to Extend Global Reach With Six Public Chains (link here)
Banks in US Can Now Offer Crypto Custody S…