Show notes
This week's list of top stories in fintech:
- The filing is private but we know it exists.
- May mean a public filing by year end.
- Filed in both the U.S. and Brazil.
- Biggest fintech IPO ever?
Chime In Talks To Go Public At $35 Billion To $45 Billion Valuation
- Targeting a March 2022 IPO
- Revenue will be $900m - $1b this year
- At a $45b valuation Chime would be a top 50 bank in the world.
Stripe Strikes Tie-Up With Klarna After Frenzy of Rival Deals
- Stripe retailers can now offer Klarna BNPL
- Huge win for Klarna, biggest partnership to date
- Flurry of partnerships in the BNPL space
Justice Department Probes Visa’s Relationships With Fintech Firms
- Part of antitrust investigation of Visa
- Visa offered financial incentives to PayPal
- Similar incentives offer to Cash App
- Question is if Visa is providing disincentives for payments over other rails.
Mastercard to offer pay with crypto partnership with Bakkt
- Mastercard costumes will be able to pay with crypto and earn rewards
- One billion cardholder globally will soon have crypto payments capability
- Bakkt stock was up 200% on the news.
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Until next time.
