PitchIt
PitchIt
Todd Anderson
Weekly News Roundup - October 14, 2021
31 minutes Posted Oct 15, 2021 at 1:02 am.
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This week's list of top stories in fintech:

Coinbase is launching its own NFT platform to take on OpenSea

  • NFT platform will launch by the end of year
  • Will make “​​minting, purchasing, showcasing, and discovering NFTs easier than ever.”
  • Will support ETH blockchain, no layer-2 integrations
  • Becoming competitive marketplace

NerdWallet IPO Filing Shows 21M Unique Visitors Per Month

  • Dropped S-1 last Friday
  • 2020 revenues of $245m
  • Seeking valuation of $5b
  • Showing strong revenue growth in 2021

Crypto Lender Celsius Network Raises $400M in Bid to Reassure Regulators

  • The investment gives the company a $3 billion valuation.
  • Last year they raised $30m at $120m
  • This is about credibility.
  • Regulatory trouble with KY, AL, NJ and TX

Tala grabs $145M to offer more financial services in emerging markets

  • Series E funding led by Upstart
  • Valuation north of $400m
  • Have served 6 million people with microcredit
  • Wants to become a full financial account
  • Plans to develop the first mass market crypto product for emerging markets

Crypto could cause 2008-level meltdown, Bank of England official warns

  • Deputy governor of Bo

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