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Nvidia surpasses $2 trillion in market cap | Capital One to acquire Discover for $35bn | FinTech Nubank posts $1bn full year net profit

Bussman Advisory

This week’s must-know stories in the FinTech, AI and Digital Asset space: Nvidia surpasses $2 trillion in market cap with revenue up 265% on booming AI business Capital One to acquire Discover for $35bn FinTech Nubank posts $1bn full year net profit Plus, 12 more exclusive stories to help you stay ahead of the curve!

Capital 52
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B2B FinTechs Show Signs Of Mid-Year Venture Capital Lull

PYMNTS

Commercial payments technology firm WEX landed a $400 million investment this week, but when it comes to venture capital, investors set their sights on B2B eCommerce, small business funding, payroll and more. million in VC funding for the sector, B2B FinTechs may be showing signs of a mid-year lull. With a combined $43.3

Capital 161
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FinTech N26 Mulls New Funding Round

PYMNTS

billion, Berlin-based FinTech N26 is exploring seeking additional investments in calendar 2021, Bloomberg reported Monday (Oct. N26 already has raised nearly $800 million in venture capital, Bloomberg reported, including a $100 million round in May 2020. Venture capital investment in Europe’s FinTech industry has surpassed $35.4

Fintech 268
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Walmart Eyes FinTech Expansion With Ribbit Capital Partnership

PYMNTS

For Walmart, FinTechs are in sight — but where to from here? As reported , Walmart is working with Ribbit Capital to create an as-yet unnamed FinTech that would, the companies said on Monday (Jan. The notion of scaling into the markets may indeed be gaining traction.

Capital 155
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E.U. Finance Ministers to Discuss Fate of Fintech Industry Post Brexit

Bank Innovation

European Union finance ministers are gathering to discuss ways to attract more fintech companies as the continent’s largest fintech hub, Great Britain, prepares to exit the group in less than two years. finance ministers will meet Friday in Tallinn, the Estonian capital, according to a Reuters report.

Fintech 225
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GPS Capital Markets For Sale, Sources Say

PYMNTS

Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. GPS Capital Markets, founded by Al Manbeian and Ryan Gibbon, posts between $20 million and $30 million earnings before interest, taxes, depreciation and amortization (EBITDA), one source told the publication.

Capital 108
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Serent Capital Starts New Fund; Bullish On B2B Payments Category

PYMNTS

Like many venture capital companies in the payments space, Serent Capital has had a busy year. It has closed several new deals with high-growth early-stage firms in several industries, ending the year with two major announcements. 15 with the announcement of the launch of its fourth fund, Serent Capital IV — at $750 million.

Capital 199