Posts tagged Fiserv
Varo's $240M and Marqeta's $150M Rounds, Should Digital Banks Lend? and Fintech Gets Meta
Varo's $240M and Marqeta's $150M Rounds, Should Digital Banks Lend? and Fintech Gets Meta

Today, we talk through a few recent events that are indicative of what’s important in fintech right now.

Varo raised $241 million in preparation to start operating under its own banking license later this year. Is a banking license an asset or a liability if you’re a digital bank?

Marqeta is reportedly now valued at $4.3 billion, as banking-as-a-service continues its mature.

And LA-based fintech Stackin’ raised $13 million to scale its messaging-based offering designed to help Gen Z find the right fintech. What should we make of this?

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neobank, paytech, embedded financeLex SokolinVaro, Marqeta, Stackin, Gen Z, Fiserv, Jack Henry, Curve, Tinkoff, TikTok, LendingTree
$700B Franklin Templeton buys wealth tech AdvisorEngine, while digital investing DeFi revolution only starting
$700B Franklin Templeton buys wealth tech AdvisorEngine, while digital investing DeFi revolution only starting

This week, I pause to reflect on the sales of (1) AdvisorEngine to Franklin Templeton and (2) the technology of Motif Investing to Schwab. Is all enterprise wealth tech destined to be acquired by financial incumbents? Has the roboadvisor innovation vector run dry? Not at all, I think. If anything, we are just getting started. Decentralized finance innovators like Zapper, Balancer, TokenSets, and PieDAO are re-imagining what wealth management looks like on Ethereum infrastructure. Their speed of iteration and deployment is both faster and cheaper, and I am more excited for the future of digital investing than ever before.

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roboadvisor, decentralized finance, digital investing, cryptoLex SokolinAdvisorEngine, Schwab, Motif Investing, Franklin Templeton, Plaid, SigFig, Wells Fargo, WisdomTree, Orion, Riskalyze, Stone Point Capital, TD Ameritrade, BNY Mellon / Pershing, Fidelity, Wealthfront, Betterment, Personal Capital, Merrill Lynch, Smith Barney, Gen Z, Zapper.fi, Fiserv, Jack Henry, Visa, Balancer, Envestnet, PieDAO, Set Protocol, Covestor, AlphaClone