WhatsApp — Fintech and DeFi Research Archive

Growth of brand banking, tragedy of OnDeck vs. Kabbage, and the Indian Fintech war between WhatsApp and WeChat

The fintech world is not taking the summer off. New developments are coming fast and furious, from fundraisings to product launches to government intervention.

Banking for brands startup Bond raised $32 million to capitalize on the exploding trend of B2B2C banking.

Samsung Money launched, leveraging SoFi’s infrastructure. As SoFi again seeks a national banking charter, they could become the de facto leader in this space.

Kabbage and Intuit launched small business bank accounts as extensions of their already deep relationships with SMBs.

And WhatsApp is trialing all sorts of financial services in India just as Chinese fintech super apps are being banned from the country.

big tech, China, digital transformation, paytech, digital lendingLex SokolinJuly 31, 2020OnDeck, Kabbage, WhatsApp, Thought Machine, Bond, Galileo, Marqeta, Cross River Bank, Green Dot, Radius Bank, Railsbank, Twilio, Samsung, SoFi, Varo, WeChat Pay, Ant Financial

WhatsApp Payments Halted in Brazil, Stripe competitor Checkout.com is Worth $5.5B, Upgrade raises $40MM

WhatsApp launches payments in Brazil and is unceremoniously shut down by the central bank a week later, MasterCard buys Finicity to protect itself against Visa’s recent acquisition of Plaid, Checkout.com continues its largely silent meteoric rise in payments, Softbank-backed and DAX 30 index component Wirecard “loses" $2 billion from its balance sheet and files for insolvency, Upgrade raises $40 million at a $1 billion valuation to extend its personal credit offering.

acquisition, central bank / CBDC, big tech, paytechLex SokolinJune 26, 2020WhatsApp, Facebook, Brazil, Visa, MasterCard, Finicity, Yodlee, Plaid, Checkout.com, Adyen, Stripe, Wirecard

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