Short takes: Revolut & Monzo lose £100MM, Robinhood's $500MM ARR, Ellie Mae sold to ICE for $11B

Hi Fintech Architects --

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

  1. Robinhood Becomes Parody of E*Trade Commercial, Competes with TikTok for Attention… (link here)

  2. Revolut losses triple even as revenues surge (link here) and Monzo sees losses double despite revenue bump (link here)

  3. Barrons: Online Lender Kabbage Shopping For Buyers (link here)

  4. Starling Bank Loan Book Now Tops £1 Billion, Break Even in Sight by End of 2020 (link here)

  5. Rocket Raises $1.8B in IPO, Dan Gilbert’s Wealth Rockets to $34B (link here)

  6. Liquidnet Launches Debt Capital Markets Technology (link here)

  7. ICE Acquires Ellie Mae To Strengthen Mortgage Services (link here)

  8. BNY Mellon, Citi, Visa, Others Invest $35 Million in Volante Technologies to Accelerate Fintech Firm’s Cloud Expansion Globally (link here)

  9. Russia's largest state-owned bank plans to launch a stablecoin this year (link here)

  10. Global Payment Sector to Reach $2.7 Trillion in Value by 2023, with Blockchain or DLT Increa…

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