Meta names Stripe CEO Collison and former Trump adviser Powell McCormick to Board (2 minute read)
Meta Platforms has appointed Dina Powell McCormick, a former Trump administration deputy national security adviser, and Patrick Collison, CEO of fintech giant Stripe, to its board of directors effective April 15. CEO Mark Zuckerberg highlighted their combined expertise in business development and entrepreneurship as valuable additions for companies using Meta's platforms, with Powell McCormick bringing extensive government experience and financial sector leadership from her roles at BDT & MSD Partners and Goldman Sachs. |
Solid "AWS of fintech" files for bankruptcy after raising nearly $81M in funding (5 minute read)
Embedded fintech platform Solid has filed for Chapter 11 bankruptcy after struggling with financial mismanagement, operational issues, and the loss of a key banking partner. Once aiming to be the infrastructure layer powering other fintechs, Solid raised nearly $81 million from top-tier investors, including a $63M Series B led by FTV Capital. The company's collapse highlights the increasing pressure on B2B fintech platforms to maintain compliance and reliability amid a more cautious funding environment. |
House votes to overturn CFPB's overdraft rule targeting big banks (4 minute read)
The U.S. House voted to repeal the Consumer Financial Protection Bureau's proposed rule that would limit overdraft fees at large banks, signaling a sharp pushback against the agency's regulatory stance. The rule, aimed at banks with over $10 billion in assets, would treat overdraft fees like credit and cap them around $5, replacing the current $35 average. While supporters argue it protects consumers from predatory practices, critics claim it could eliminate low-cost banking options and hurt consumers more than it helps. |
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How fintech made saving risky again (13 minute read)
Behind-the-scenes partnerships between fintech startups and regional banks are unraveling, leaving everyday savers unexpectedly locked out of their accounts. The collapse of middleware provider Synapse has triggered a domino effect, freezing funds for users of apps like Yotta that relied on Synapse to connect with banking partner Evolve. As regulators scramble to untangle the mess, the episode exposes just how fragile the back-end plumbing of "safe" fintech savings accounts can be. |
Tariffs and fintech: Who's most exposed? (10 minute read)
The imposition of tariffs has sent shockwaves through the fintech industry, impacting stock valuations, cross-border trade, and consumer spending. Lending platforms face heightened credit risks as consumer confidence declines, while payment firms see reduced transaction volumes tied to trade disruptions. Fintech companies are adapting by exploring stablecoins, reshoring supply chains, and developing risk management tools to mitigate tariff impacts. |
A look at fintech from the inside to the upside (7 minute read)
A new Philadelphia Fed report sheds light on how fintechs are evolving beyond the VC-fueled blitzscaling era, shifting toward more sustainable models rooted in bank partnerships, regulatory alignment, and embedded finance. At the heart of this transformation is fintech's promise to level the playing field—removing traditional barriers and expanding access to underserved communities. |
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Curve Pay arrives on Android (2 minute read)
Curve, a digital wallet, announced the launch of Curve Pay, its mobile payment solution on all Android devices across the UK and Europe. The company's proprietary wallet technology goes beyond the limitations of other wallets like Google Wallet or Apple Wallet, with users able to track spending, stack rewards, receive real-time insights, and move past purchases across accounts. |
Tether to launch US-Only stablecoin (2 minute read)
Tether, the company behind the world's largest stablecoin USDT, is planning to launch a new stablecoin specifically for the US market. This move comes as the Trump administration pushes for clearer cryptocurrency regulations, with President Trump calling for stablecoin legislation to be ready by August. |
Checkout.com to become first global PSP offering card issuing in UAE (2 minute read)
Checkout.com has announced plans to expand its card issuing capabilities to the UAE by 2026, becoming the first global digital payment service provider to offer this service in the region. Revealed at the company's inaugural Thrive Abu Dhabi conference, the move will enable businesses to launch branded physical and virtual cards, enhance customer rewards programs, and simplify B2B payouts. This expansion follows Checkout.com's earlier regional achievements as the first global PSP to obtain a UAE Retail Payment Services license and introduce Visa Direct's Push-to-Card solution in the Emirates. |
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Robinhood's European expansion strategy targets untapped retail investment markets (2 minute read)
Following its 2023 UK launch and recent Lithuanian brokerage license acquisition, Robinhood is positioning for broader European expansion in markets with significantly lower retail investment participation than the US. While the EU's GDP exceeds America's, only 1-30% of Europeans own stocks (compared to 60% of Americans), creating substantial growth potential, particularly in Eastern European countries with young populations and growing economies like Poland and the Baltics. However, Robinhood faces fierce competition from Revolut, which already dominates this region with established investing products and local market expertise. |
Home invasion: what happens if Fannie and Freddie go private? (6 minute read)
A renewed push to privatize Fannie Mae and Freddie Mac is raising concerns across the mortgage and housing industry. Critics warn that ending their government conservatorship could lead to tighter credit, higher mortgage rates, and less access for first-time and minority homebuyers. While some argue privatization would foster competition and reduce taxpayer risk, others fear it could disrupt a still-fragile housing market. |
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