Posts in embedded finance
$20 Billion TSYS acquisition in the shadow of Alibaba's $500B SME aggregation
$20 Billion TSYS acquisition in the shadow of Alibaba's $500B SME aggregation

I have been reading Alibaba: The House that Jack Ma Built this week, something everyone interested in understanding the future of Google, Goldman, Uber, or Amazon should do. The narrative starts with China's small business explosion, and Ma's genius is to tap into global demand for the products of those businesses through an online marketplace and associated financial services. But I am getting ahead of myself. Let's pause to acknowledge a massive, systemic transaction that was announced this week: payments processing company Global Payments acquiring TSYS (Total Payments Systems) for $21.5 billion.

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paytech, small business, civilization and politics, embedded financeLex SokolinAnt Financial, TSYS, Global Payments, First Data, Plaid, Bud, Tink, Raisin
Wealthfront's $1 Billion of Cash in Two Months
Wealthfront's $1 Billion of Cash in Two Months

In news of cross-selling financial products across categories, roboadvisor Wealthfront has gathered a nifty $1 billion of deposit assets for its 2.29% interest-yielding non-bank cash account. Given that the firm has a little over $10 billion in managed investment assets, charges somewhere between 0 and 25 bps on those assets, and took years of wiggly pivoting to get to the current stage, it is fair to consider this influx a big win in terms of client traction. It is also $22 million of annual interest payments. A couple of things come to mind that are worth pulling apart.

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embedded finance, roboadvisor, marketing, neobankLex SokolinWealthfront, SynapseFi, Revolut, Cambr, Mambu, Chime, SoFi, OCC, SEC