Notes from J.P. Morgan Technology, Media & Communications Conference: Toast’s management sees multiple levers for further growth, Marqeta’s new CEO revamps sales strategy, aims for profitability
Venture firm QED raises $925 million to invest in Fintech startups, Airbnb partners with Stripe to enable paying for stays with bank payments, and Visa to open a technology and product hub in Poland
Wise CFO will depart the money transfer firm next year, PayPal’s Venmo introduces accounts for teens, and Australia plans to regulate the Buy Now Pay Later industry
PayPal targets small businesses as it is pressured to improve margins, and Coinbase plans to bring US products to Europe, sees opportunities in derivatives trading
PayPal is pressured to sell its remittance business Xoom, Coinbase launches Coinbase One in Europe, and Lightspeed stock plummets on soft guidance
Brazil’s Stone posted another profitable quarter, expects to continue growing, dLocal quadrupled its revenue outside of Latin America, and Robinhood reported a decline in trading activity in April
Warren Buffett’s Berkshire Hathaway invests in Capital One, Square published a random presser about its Square for Restaurants offering, and Paysafe reiterated its full-year guidance
Nubank reported another profitable quarter, remains bullish on opportunities in new markets, Upstart secured funding for its loan marketplace, and SoFi’s stock was downgraded by Wedbush (again)
Brazil’s Nubank, Stone and XP will report their first quarter 2023 results this week, Inter receives a US brokerage license, and Truist analysts call SoFi “the future of US banking”
Fintech Headlines for May 11, 2023: What's next for MoneyLion and Dave? Bitcoin miners Marathon Digital and Riot Platforms work more, but earn less
Fintech Headlines for May 10, 2023: Robinhood is launching 24-hour trading, Nuvei gives Ryan Reynolds a crash course in Fintech investing, and Marqeta announces layoffs and…share buybacks
Fintech Headlines for May 9, 2023: Toast is marching towards profitability, Affirm keeps losing money, leans towards interest-bearing loans, and Upstart's stock rallies despite a terrible quarter
