This week's list of top stories in fintech:

Nubank officially files for IPO on NYSE

• Filed F-1 on Monday
• Targets $50b valuation
• 48.1 million customers, 35.3m monthly active
• Revenue in Q3: $481m
• Cost of customer acquisition: $5

Biden administration calls on Congress to take the lead regulating stablecoins

• President’s Working Group on Financial Markets called for stablecoin regulation
• Stablecoin issuers should be insured depository institutions.
• Need AML enforcement for wallet issuers
• Want Congress to pass legislation

Financial System Makes Big Promises on Climate Change at COP26 Summit

• Mark Carney leading a UN group for financial services companies.
• Companies with $130 trillion in assets have signed on.
• Banks will now incorporate carbon emissions into lending decisions.

Q3 global fintech funding smashes records

• Fintech raised $31b across 1,185 deals.
• There were 94 deals of $100m+
• On track to cross $120b for the year
• 43 new unicorns, now 206 globally

Klarna launches new super app, reduces reliance on partnerships

• Klarna launched a super app
• Do all shopping, unlock deals, manage payments, loyalty, track deliveries

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Until next time.