Fintech Newsletter for 5/1/21

Big tech companies reported their quarterly earnings ( GOOGL, MSFT, AMZN, AAPL,FB)

  • Google Maps to add 100+ AI-powered improvements
  • Late last year, Google announced a new Google News Showcase program to build its relationship with publishers and invested $1Billion. This quarter, Google announced it is continuing to add more publishers across various geographies to the program.
  • YouTube gathers momentum, especially with the “omnichannel” marketing and value-added up-sell opportunities with other google offerings (such as GCP)
  • Three key drivers attribute to Google cloud momentum, (a) customer momentum related to “Data cloud.”

Google adds more features to Google Pay.

  1. Save — Google has partnered with Safeway and target to accept digital coupons directly from the google pay app.
  2. Commute — Google pay supports buying and using mobile transit tickets in 80+ cities in the United States, and they plan to add support in the San Francisco bay area and Chicago areas. In addition, the google pay app in android lets users use their transit tickets purchased through google pay t without having to unlock their phones.
  3. Spending by category — Google pay will add categories for different transactions. It will be easier for end-users to look at their spending habits without manually adding categories for each of their purchases.

MasterCard and Visa Announce Quarterly results.

Stripe acquires TaxJar

Fintech New Venture and IPO

  • Gr4vy, San Mateo based cloud-native payments company,raised $11m in Series A funding.
  • Keeper Tax,San Francisco based tax filing software for gig workers,raised $13m in Series A funding.
  • Paxos,New York based cryptocurrency infrastructure and white-label services platform,raised $300m in Series D funding.
  • Splitwise,Rhode island based mobile app and web platform that builds software to help users split expenses, raised $20m in Series A funding.
  • Alchemy,San Francisco based blockchain developer platform,raised $80m in Series B funding.
  • Step,San Francisco based provider of financial services for teens and families ,raised $100m in Series C funding.
  • Signal,Detroid based platform for financial advisors ,raised $10m in Series A funding.
  • Current,New York based digital challenger bank,raised $220m in Series D funding.
  • Brex,San Francisco based corporate credit card provider tailored to start-ups ,raised $425m in Series D funding.
  • Securrency,Washington D.C based blockchain financial and regulator tech company,raised $30m in Series B funding.

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