Fintech Blueprint šŸ¤–šŸ¦šŸ§­

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Short Takes: Revolut's $280M loss; China kills 90% of local crypto mining; Securitize gets $48MM from MS; JPM acuires UK robo; Blend (banking), Addepar (wealth), Tractable (insurtech) are unicorns
lex.substack.com

Short Takes: Revolut's $280M loss; China kills 90% of local crypto mining; Securitize gets $48MM from MS; JPM acuires UK robo; Blend (banking), Addepar (wealth), Tractable (insurtech) are unicorns

Jun 23, 2021
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Share this post
Short Takes: Revolut's $280M loss; China kills 90% of local crypto mining; Securitize gets $48MM from MS; JPM acuires UK robo; Blend (banking), Addepar (wealth), Tractable (insurtech) are unicorns
lex.substack.com

Hi Fintech Architects --

Welcome back to the subscribers-only letter! You are the best.

Here are the top ones hitting our radar:

  1. Revolut losses hit $280 Million in 2020 with staff costs surging (linkĀ here)

  2. JPMorgan to acquire robo-adviser NutmegĀ (linkĀ here)

  3. Goldfinch raises $11M from Andreessen Horowitz to build the next phase of decentralized credit (linkĀ here)

  4. Morgan Stanley, Blockchain Capital lead $48M investment in crypto firm SecuritizeĀ (linkĀ here)

  5. Goldman Sachs Taps JPMorgan’s Private Blockchain for Repo Trade (link here)

  6. Banking giant BBVA debuts Bitcoin trading and custody for Swiss clientsĀ (linkĀ here)

  7. Former LA Dodgers owner bets $100M on crypto-based Facebook alternativeĀ (linkĀ here)

  8. Crypto firm Amber Group hits unicorn status with latest $100M funding (linkĀ here)

  9. China to shut down over 90% of its Bitcoin mining capacity after local bans (linkĀ here)

  10. Blend S1 filing (link here)

  11. Addepar announces $150M investment by D1 Capital Partners, exceeding $2B valuation (linkĀ here)

  12. 10x, a UK fintec…

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