The following is an excerpt from today’s Global Newsletter. Your feel-good Friday news comes to us from Klarna this week. The Swedish BNPL behemoth appears to be delivering on its promise from 2022 to return to profitability by the end of 2023. After a series of outsized investments, the company’s financials were bathed in red […]
As we bask in the afterglow of Fintech Nexus USA 2023, it seems about the right time to reflect on Fintech Nexus’ esteemed PitchIt competition. Over the year, hundreds of startups submitted applications for consideration. Whittled down to 14 semifinalists, founders took the Fintech Nexus USA 2023 stage to search for the final winner. “PitchIt […]
On today’s episode, I talk with Gavin Nachbar, Co-Founder & CEO of Column Tax. Please note this episode was recorded live at Fintech Nexus USA 2023. Gavin Nachbar of Column Tax Gavin and I discussed the founding story behind Column Tax, tax refunds versus more money per paycheck, why taxes are so interesting, embedded finance, raising capital, […]
There is no more hyped technology right now than Generative AI. But what does it really mean for financial services? What is the potential? And what about practical applications? My next guest on the Fintech One-on-One podcast is Marco Argenti, the Chief Information Officer at Goldman Sachs. This interview was recorded at Fintech Nexus USA […]
One of the fastest-growing ecosystems worldwide, the industry’s current state in Brazil now calls for specialization. In that regard, a new fintech niche is emerging. This month, digital bank Nomad announced it was rolling out a rather innovative product. The fintech, which since 2019 has offered dollar accounts to Brazilians, will now allow its customers […]
“Advanced AI could represent a profound change in the history of life on Earth,” stated the Asilomar AI Principles in 2017, two years after the founding of OpenAI. Fast forward to 2023, and its effects are already being recognized. The introduction of generative AI into the tech ecosystem has opened out realms of opportunity, previously […]
Neobanks in Brazil are finally making inroads into the country’s $1 trillion credit market. According to new data from the central bank, they now represent almost 6% of all loans to individuals in Latin America’s largest economy. Over the past decade, digital banks have spawned in Brazil, rising to challenge incumbents at their own game. […]
The bank runs of mid-March caused tremors throughout the financial system, and regional banks have been hard hit. During Silicon Valley Bank’s fateful weekend, many major regional banks also experienced a nose dive in stock prices. They are yet to recover. While many leaders now maintain that the financial system is stable, rates have continued […]
The following is an excerpt from today’s Global Newsletter. Binance, as a surprise to no one, finds themselves the subject of a Reuters exclusive alleging they commingled customer funds with corporate accounts. Despite official denials, the story highlights the feeling that the wild west of crypto exchanges is as rootin’-tootin’ as ever. We’ve said in this space […]
Liquido, a paytech founded in Silicon Valley to simplify and optimize payment ecosystems in Latin America, recently announced that it raised $26 million in a funding round led by Index Venture. The funds Base Partners, Restive Ventures, Mantis VC, and UpHonest Capital also contributed to the round. With this new investment, the payment processing platform […]