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Marqeta Sees Opportunity in Europe Thanks to $45 Million in Funding

Bank Innovation

Card-issuing platform Marqeta sees a lot of potential in working with challenger banks across Europe, and to fuel this opportunity, the Oakland, Calif.-based based company took in $45 million in funding, Jason Gardner, founder and CEO, told Bank Innovation. The new round, announced today, […].

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Goldman Sachs To Acquire Credit Card Company Final

Bank Innovation

Goldman Sachs has agreed to purchase fintech startup firm Final, as a part of its efforts to expand in retail-banking products. Oakland-based Final is a credit card service, which announced that it would close its card portfolio back in December. Terms of the transaction were not disclosed.

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How A Bank And A FinTechs Are Jointly Cracking The Code On Financial Inclusion

PYMNTS

The favored narrative about banks and FinTech startups is generally not a love story. Whereas FinTechs are undoubtedly newer and faster – risen from the digital age to put banks out of business – they aren’t always able to take deposits or keep some of those associated warranties. Usually, it is more of an all-out war story.

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Top 5 Fintech: Silicon Valley Might Meets South Korean Finesse

Bank Innovation

Last week we observed an upsurge in collaborations between startups and financial institutions, but this week is all startup glory. There are some old pros still doing us proud with 9-figure rounds, like Affirm, but a major Korean vital force is not far behind, in the form of e-commerce and seriously chill Read More.

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First Look: The 56 Fintech Companies in YC’s Latest Batch (W21)

Fintech Labs Insights

Early on, fintech startups were a small part of its class, although Stripe (S09) and Coinbase (S12) were notable (and extremely profitable) exceptions. When I looked at YCvalums in mid-2014 , there had been just 40 fintech grads in its first 10 years. Oakland, CA. By comparison, the latest batch (W21) had 54! United States (20).

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Fintech Trending: Making Fintech Great Again?

Fintech Labs Insights

For fintech followers, one of the most interesting things about President-elect Donald Trump is the fact that his most prominent Silicon Valley supporter was and is Peter Thiel, the self-described “conservative libertarian” co-founder of Finovate alum, PayPal. The outlook is less certain for other aspects of fintech.

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