Thursday, July 29

Fintech News

BI Intelligence, BI Intelligence Content Marketing, Finance, Fintech News, Insider Intelligence, Insider Intelligence - Finance

US institutional investors want crypto exposure

One-third of US institutional investors held some form of digital assets as of April 2021, according to a Fidelity Digital Assets survey. This tracks with Insider Intelligence's predictions that four in 10 US institutional investors will have some portfolio exposure to digital assets by the end of the year. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry. Learn more about becoming a client. Thirty-three percent of US institutional investors held digital assets as of April, up from 27% in March 2020, per a Fidelity Digital Assets survey of 408 US respondents. ...
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Bullish lives up to its name, announces $9 billion SPAC before even launching

Crypto exchange Bullish will go public via a $9 billion SPAC merger by year's end even though it hasn't launched yet. This leaves it little to go on to entice investors beyond its high-profile backers. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry. Learn more about becoming a client. The crypto exchange will merge with SPAC Far Peak Acquisition Corporation and list on the NYSE by the end of the year, per Business Wire. ...
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French alt lender Younited Credit raises $170 million to double down on embedded finance

Doubling down on its embedded finance solution puts Younited Credit in competition with the likes of Klarna and Afterpay. But the booming ecommerce market in France could also present a lucrative growth opportunity. The news: The French fintech, which offers credit products to European consumers, secured a $170 million round led by Goldman Sachs, per TechCrunch. It will use the funding to move deeper into European markets and grow its workforce. ...
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eToro’s record Q1 heralds more user growth ahead for US trading apps

eToro eyes another quarter of strong user acquisition after a record Q1 thanks to sustained retail investing activity and its expensive US expansion. Expect other US trading platforms to share similar record user growth in the coming months. eToro shared its Q1 2021 interim financial results after filing to go public via a $10.4 billion SPAC earlier this month, per Finextra. ...
BI Intelligence, BI Intelligence Content Marketing, Finance, Fintech News, Insider Intelligence, Insider Intelligence - Finance

Clearscore raises $200 million to ease consumer access to credit through open banking

Clearscore raised $200 million as lenders join its open banking-powered marketplace to get matched with borrowers. This demonstrates yet another use case for open banking in the credit space. The UK credit-scoring fintech raised the mega-round from US fund Invus Opportunities, valuing it at £503 million ($645 million), per Sky News. Clearscore says it will use the funding to grow its product suite and staff. ...