Short Takes: Wealthsimple is a unicorn with 1.5mm users, €620B Allfunds launching fund settlement blockchain, RBC's Artificial Intelligence reduces trading slippage

Hi Fintech Architects --

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

  1. Robo Adviser Wealthsimple Hits Unicorn Status With TCV Deal (link here)

  2. M1 Finance closes $45M Series C mere months after it raised its $33M Series B (link here)

  3. Galileo Teams Up With Save to Process $7 Billion in Transactions & Funds (link here)

  4. Spanish Wealthtech Allfunds Announces Plans to Develop “Allfunds Blockchain” Payment Model (link here)

  5. Coinbase Paying Users to Learn About DeFi Project Compound (link here)

  6. Crypto Startup Brings 401k-style Automated Investing to DeFi (link here)

  7. Around 100 Italian Banks Are Officially on a Blockchain (link here)

  8. AP Payments As A Service Platform Finexio Secures $23 Million Through Latest Investment Round Led By Medalist Partners (link here)

  9. RBC Capital Markets Launches AI-powered Trading Platform (link here)

  10. Artificial intelligence nod from China’s science ministry puts Beijing tech park in the national spotlight (link here). 

  11. Hyperscience

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