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Tuesday, March 2, 2021

Companies

With Clarity Surrounding An IPO, Marqeta Pursues Credit Card Issuance

Over the last months there has been speculation over whether or not card issuer Marqeta will be joining the frenzy of 2021 IPO’s alongside fintechs SoFi, Coinbase, and MoneyLion. Recent director hires, as well as the appointment of Goldman Sachs and JPMorgan Chase & Co reveal that the company is pulling no punches going into its IPO application to the SEC...

Capital

Nymbus Receives Timely Capital Injection As Banks Scramble To Meet Digital...

Nymbus, now considered one of banking’s leading providers of specialized software, recently announced a successful Series C funding round that will help the company grow its banking-as-a-service (BaaS) offering. Led by existing investor, Insight Partners, the round is Nymbus’ largest to date, bolstering confidence in its service after a year of rapid adoption for the company’s proven alternative to the traditional banking model...

Leaders

Carol Nelson To Spearhead Monzo’s International Expansion As U.S. CEO

U.K challenger bank Monzo has recently recruited Carol Nelson as its U.S. CEO in a solid bid to expand its operations to the U.S. Despite having first shared its intentions to set its targets on the U.S. in early 2019, this is the largest confirmation of its movements toward the goal since...

Features

FinTechs Could Lead The Charge In Combatting Gambling Addictions In The...

With the UK’s gambling act of 2005 falling under review, changes are unlikely to be implemented be-fore 2022. However, online lender Monzo, is taking matters into its own hands by appealing to the U.K. government to enforce a gambling access block on U.K. bank accounts...

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