Peter Renton

Plaid has announced a new cash flow underwriting tool call Consumer Report that is the most comprehensive offering for lenders yet.

Nium, a real-time payments infrastructure company, has closed its $50 million Series E at a $1.4 billion valuation. That is 30% below the valuation from its last funding round in 2022.

Robinhood is still bullish on crypto despite the SEC warning the company it plans to sue over this part of its business. We learned yesterday that Robinhood will acquire crypto exchange Bitstamp for $200 million, making this its largest acquisition to date.

The largest payments network in the US is the ACH network. It is probably the most important fintech infrastructure ever developed.

Greenlight has been a leader in helping young children and teenagers develop financial skills. Its app is used today by more than six million parents and children. While the company was traditionally focused on a direct-to-consumer model, it is increasingly developing partnerships with large banks to accelerate its growth.

The Synapse debacle continues. Former FDIC Chair Jelena McWilliams is the court-appointed trustee managing the bankruptcy process. She was appointed on May 24.

Yesterday, Apple held its annual Worldwide Developers Conference (WWDC), during which it made several interesting announcements. The most relevant to fintech is the new "Tap to Cash" feature that will be built into iOS18. As it sounds, this will allow users to send and receive Apple Cash simply by holding two iPhones together.

Clair is one of the newer EWA companies and they have taken a decidedly different approach from others in the space. And they have big plans.

While debit and credit cards are mature products no one has created a way for new cards to become top of wallet quickly and easily. Until now.

After an 11+ year run Fintech Nexus is closing down. It has been a privilege to serve the fintech community but that time has now come to an end.