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Hi all, Julie here.

I hope everyone had an amazing Thanksgiving weekend and beginning of Hanukkah! For those that haven’t been following along on Twitter, we had quite the Thanksgiving over here. I went to teach an 11am class at Equinox and on the way home, there was an adorable little puppy on the side of the road with no collar or chip. She got to eat Thanksgiving dinner with us, got a nice bath, went to pick out a Christmas tree, and is now being taken in by one of our employees for a permanent home :) I love a happy ending.

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Company News

Jack Dorsey Steps Down at Twitter

I’d assume Bitcoin and Square will each get a bit more attention from Jack Dorsey in the coming weeks as he steps away from Twitter. Would love to hear more from folks at Square on their thoughts on this. Ping me ;)

Funding and Deals

Settle Gets More Funding

Nice little cashflow boost for Settle, which announced its second round of funding in five months, this time $60M led by Ribbit Capital. Founded in 2019 by Affirm’s former head of credit, the company is disrupting the B2B payments market. The current supply chain issues that we all keep hearing about are making this an even more sought after product. “The really unique thing that we do is extend payment terms where we’ll pay the customers’ vendors with Settle money, and the company can pay us back 30 to 120 days later,” the founder told TechCrunch.

Slice’s New Round

Slice announced a $220M funding round at a $1B+ valuation, after being valued at less than $200M earlier this year. Tiger and Insight Partners co-led the Bangalore-based startup’s Series B round. The Indian fintech has established itself as one of the market leading card-issuing firms in the region. The credit market there is still largely untapped, with only a small portion of the population being covered by the South Asian nation’s young credit rating system. Slice has developed its own underwriting system to try and combat this issue. It says it’s issuing over 200k cards each month.

Fintech Helping Women Raises New Round

Jefa announced a $2M seed round to offer digital accounts specifically designed for women living in LatAm. It says it has around 115k women on its waitlist, and investors in Jefa include The Venture Collective, DST Global, The Fund, Siesta Ventures and others. The team also announced a multi year strategic partnership with Visa. When Jefa launches, the company will let you open a digital account for free from a mobile app, and a few days later, you’ll receive a Visa debit card. It plans to roll out its product in Mexico first, then Colombia and Central America.

Crypto Watch

The Other Omicron

The whole world is now hearing about the new Covid variant Omicron, but there’s a DeFi protocol with the same name. And of course OMIC, which was around $70 late Friday, rose as high as $711 on Sunday. The bond-based yield farming project Omicron is built on Ethereum scaling technology Arbitrum but has no connection to the coronavirus, and OMIC is far from being a safe haven asset. While the token’s maximum supply is capped at 1,000,000 OMIC, data providers like Messari, Crypto.com and CoinGecko do not provide details about the cryptocurrency’s market capitalization.

​Card Strategy Manager at Affirm

The Consumer Business team is on a mission to expand the Affirm financial product suite. It’s now looking for a new team member to help launch a first-of-its-kind financial product which will revolutionize consumer spend. As a Consumer Business Manager, you’ll use your analytical rigor, business acumen, and strategic problem solving skills to own the growth and go-to-market strategy of high-impact initiatives to scale Affirm’s newest business line! This role is ideal for someone who is innovative, hard-working, and thrives in cross-functional environments. You’ll be joining the Consumer Business team during an exciting, high growth stage, presenting a unique opportunity for development and collaboration with a dynamic group. If this sounds like you, apply above!

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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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