Fintech Focus For August 12, 2020

Daily Perspective: Growth can heal a lot of sins. – Cathie Wood

Fintech Movers: American Express Company is in talks with Kabbage, an online fintech lender backed by Softbank, over an $850 million acquisition. – Benzinga

  • Fincity: The COVID Credit Crisis.
  • Infor, CIBC, SunStream partner.
  • A GM executive has joined Stripe.
  • OCC grants bank charter to Varo.
  • Creze to boost lending platform.
  • Axle innovates financing platform.
  • TransferWise partnered with Up.
  • Avelacom intros low-latency route.
  • Retirement Clearing is expanding.
  • Building a fintech giant is costly.
  • Vitesse fintech rakes in Series A.
  • Trumid eyes growth, expansion.
  • Beaxy intros Trender for mobile.
  • RevenueCat secures $15M for app.
  • Bloomberg launched ESG scores.
  • US: DLT will play a role in farming.
  • BankMobil has been sold to Megalith.

Benzinga Global Fintech Awards Spotlight: 

Every year Benzinga, a leading news and data platform, holds the Global Fintech Awards, a day of dealmaking, networking, and recognition in the

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An Inside Look at the US Fintech Company With Its Finger on the Pulse of Gen Z

It is 6:45 a.m. on an unusually warm late spring morning in the tony Lowry Hill neighborhood of West Minneapolis, and Charlie Youakim is already awake, sitting on his porch and sipping a frothy cold brew coffee. The blue light beaming off his laptop bathes his face as the first rays of sunlight manage to sneak past the horizon, around the surrounding structures and over his shoulder.

It was quite a stunning sight as a collage of orange, yellow and blue light basked Youakim in an effulgent, golden hue. An image of King Midas—the figure in Greek mythology known for his ability to turn everything he touched into gold—rushed into my head; I wished I had brought a decent camera; it would have been the perfect way to capture the man who some say has the ‘golden touch’ when it comes to tapping into and channeling the young consumer mindset.… Read More