Fintech Today - FTT Update: Why I Wish I'd Gone to MIT
Hi all, Julie here.
Well, it’s officially the first Friday of the summer! We’re going to start publishing our final post of the week a bit earlier to accommodate those of you that might be taking off a bit early on days like today. And in true summer Friday fashion, the news flow was a bit slower today as well. TLDR: this newsletter is short and sweet.
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MIT’s Bitcoin Experiment Nets Students Huge Returns
I love this story. In 2014, dubbed the MIT Bitcoin Project, every undergraduate on the Cambridge campus had the chance to claim fractional ownership of a Bitcoin. About 3,100 students took advantage. Today, the amount of Bitcoin that was given out would be worth more than $60M. It’s unclear how many students are HODLing, sold, or forgot they even had it.
Apple Getting Into Crypto?
Rumors are flying around Apple and crypto as someone found a job posting for a business development manager with a specialization in alternative payments. The job post mentioned that the ideal applicant will have a five-year experience “with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency.” I mean, I think it’s a bit of a stretch for anyone to take this job posting as a direct indication that Apple is getting into crypto soon. I also have no doubt that Apple has people working there that have thought about how the firm could use crypto too. The far more likely scenario in the near term would be Apple pursuing BNPL and digital wallet options. That being said, if anyone has heard any more details around this, I’m all ears!
Marqeta Sets A Date
Marqeta officially has an IPO date! Get ready for the company to go public on the Nasdaq under the ticker MQ on the 9th. The card issuer’s platform plans to sell about 45.5M shares at $20 to $24 each, the prospectus for the deal said. This could change depending on how the road show goes, and we’ll get a final pricing on the 8th before the listing on the 9th. Will be interesting to see how this IPO goes now that the markets have cooled down a bit.
Trellis Raises $10M
Insurtech Trellis announced a $10M round led by QED Investors with participation from existing investors NYCA Partners and General Catalyst. The startup, which launched early last year, offers digital and secure insurance. Rather than offer the insurance directly, Trellis helps users find the best offerings online for their home and auto insurance.
Julie VerHage-Greenberg is the co-founder of Fintech Today, where she focuses on editorial content and brand. Prior to joining, she was Bloomberg’s first fintech reporter, covering Robinhood from before it was a billion dollar company, breaking the news that Plaid was acquiring Quovo, and interviewing executives on Bloomberg TV and at several large conferences.
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FTT Update: This Newsletter Is Getting Rid of Overdraft Fees
Wednesday, June 2, 2021
Hi all, Julie here. The world came full circle today when I was invited to go on Bloomberg's Quick Take to talk about fintech and how so many of you guys are hiring! Thanks to my friend Sonali
FTT Update: Do You Want the Good News or the Bad News First?
Friday, May 28, 2021
Hi all, Julie here. So ready for a holiday weekend. There's a possibility that Robinhood's S1 drops after I send out this email. If so, you'll have to wait until next week for my
FTT Update: The New Trading Floor
Wednesday, May 26, 2021
Hi all, Julie here. It was so much fun meeting dozens of you at our event with Green Dot earlier this week! The Texas fintech scene is booming ;) Check out Community Highlights below for pics. And
FTT Update: Ray Dalio and I Both Own Bitcoin
Monday, May 24, 2021
Hi all, Julie here. Excited to see some of you in person in a few hours at our event with Green Dot here in Austin! Keep an eye out for photos in Wednesday's community highlights section and on
FTT Update: My Bitcoin Broke
Friday, May 21, 2021
Hi all, Julie here. Just got back to Austin, and I'm pretty sure I was everyone's favorite guest on the airplane since I had a cute puppy with me. If you're going to the Green Dot event
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