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“We hit number three in the US app store and consumers are just as — if not more — engaged with our product.”
“Great to see Canadian financial institutions acknowledging the opportunity in blockchain.”
– Miro Pavletic, CEO and co-founder of STACK
The company has added RBCI, AETNA, Humana, Cigna, United Healthcare and MetLife as partners.
The funding was led by Menlo Ventures and Social Capital.
Revolut’s core retail accounts also continue to grow rapidly, with 3,000 to 3,500 new sign ups each day.
The partnership will allow the Bank to access to the most promising Fintechs in Mexico, Colombia, Chile, and Peru.
The fund will be dedicated to FinTechs and AI applied to finance.
The specialized team will aim to deliver Wells Fargo’s expertise in serving FinTech companies from early stage to large corporate firms and also serve corporations with embedded FinTech businesses.
“If you think about what Amazon already knows about its merchants, and then you think what Google knows about everybody who is buying and selling through its platform, one can imagine a world where they have much more information about both on the credit side but also on the small business itself,” said Karen Mills.
RBC was also part of Wave’s $32 million funding round in May.
Many experts believe blockchain, the technology that is already decentralizing monetary transactions among other things, is the key to solving the decentralized internet puzzle.