F|T: The FinTech Times – The 1 in 3.5 million black swan

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Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read F|T before anyone else, make sure to subscribe using the form at the bottom of this page.

Boast.ai secures $100 million credit facility to build Clearbanc for R&D tax credits (BETAKIT)

The $100 million credit facility is being provided by Brevet Capital, a US-based investor that provides alternative financing options to companies with government contracts.

As expected, stock trading service Public raises $220M at unicorn valuation (TECHCRUNCH)

Public added a fresh metric to the mix, namely that it has reached one million members – over the course of just 18 months post-launch, the company was quick to point out.

Farmers’ Truck in California pilot (ENTREVESTOR)

The project aims to develop financial sustainable models to alleviate food insecurity.

Robinhood says GameStop volatility was a “1 in 3.5 million” black swan (ARS TECHNICA)

CEO Tenev tells House committee quicker trade settlements would prevent a repeat.

Barclays pulls plug on flagship payments app Pingit (SIFTED)

The UK bank has called time on Pingit, one of its early payment innovations.

Crypto wallet and exchange company Blockchain.com raises $120 million (TECHCRUNCH)

More recently, it has launched its own exchange so that wallet users can trade assets more easily.

Visa failed with Plaid. What’s its FinTech plan now? (PROTOCOL)

It’s keen on striking partnerships and wants to be as prominent as Stripe, said Visa FinTech boss Terry Angelos. But don’t count out more M&A just yet.

SEC is ‘dead wrong’: Former chair Mary Jo White defends Ripple in pivotal crypto case (FORTUNE)

In an interview with Fortune, White claimed the agency she once led made a blunder in suing Ripple for the alleged sale of unlicensed securities.

These 2 Black founders aim to offer a fairer alternative to payday loans (FAST COMPANY)

SoLo Funds, which lets users loan money to one another, sees itself as a path to real credit, though experts say it isn’t without its own pitfalls.

Varo Bank raises another $63M, led by NBA star Russell Westbrook (TECHCRUNCH)

Varo Bank, which last year became the first U.S. neobank to be granted a national bank charter, announced that it’s raised another $63 million in new funding.

Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.

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