Short takes: SocGen closes 600 branches, Neobank flurry (GoHenry $40M, Tink €85, Cleo $44M), DBS launches digital exchange, BitPay and Paxos look for bank charters, accepts Chinese DCEP

Hi Fintech Architects --

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

Here are the top updates hitting our radar:

  1. GoHenry, a pre-paid card and finance app for 6-18 year olds, raises $40M (link here)

  2. Robinhood Is Losing Thousands of Traders to a China-Owned Rival (link here)

  3. PayPal-backed fintech start-up Tink valued at more than $800 million after fresh funding (link here)

  4. Cleo, the AI-powered ‘financial assistant’, raises $44M Series B led by EQT Ventures (link here) and Google Pay debuts cash back rewards, enabled by Fidel API (link here)

  5. Crypto Startup BitPay Files to Become Federally Regulated US Bank (link here) and Crypto Company Paxos Applies for National Bank Charter (link here)

  6. Singapore bank DBS to launch digital exchange as demand for virtual currencies soar (link here)

  7. Euro stablecoin launched on Stellar by one of Europe’s oldest banks (link here)

  8. Ethereum Wallet MetaMask Goes After Institutional DeFi Market (link here)

  9. Online lender SoFi explores deal to go public …

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