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Welcome to another episode of our Daily Fintech Podcast.
This podcast episode is sponsored by YieldX. YieldX is transforming income investing to bring its benefits to all investors. With YieldX, the outcome is income.
THE NEWS HIGHLIGHT OF THE DAY IS
The Saudi Central Bank – SAMA, directed banks to halt the option of opening online accounts for individuals or institutions ‘until further notice’, local media reported. Under the new measures that will take effect starting April 10, accounts are to be opened through branches only.
JUST IN:
New savings app Lilly Funds is set to launch in the US, designed to help the more than 150 million underserved Americans who don’t have access to retirement services.
WHAT ABOUT CRYPTO?
The Bitcoin rumor-mill is in full flow in the run-up to the Bitcoin 2022 conference in Miami during April 6–9. Following a number of not so cryptic tweets from Jack Mallers, CEO of the Bitcoin and payments app Strike, the charismatic founder is expected to announce a partnership between Apple and Strike to enable Bitcoin Lightning payments on the tech giant’s devices.
Bakkt Holdings, Inc., a trusted digital asset platform that enables consumers to buy, sell, send and spend a range of digital assets, announced that American Bank has selected the Bakkt® crypto connect solution to enable their bank customers to buy, sell and hold the two largest cryptocurrencies by market capitalization, bitcoin, and Ethereum.
WHAT ARE THE LATEST INSIGHTS?
Last week, €300m was raised across 17 FinTech deals. Grover is the biggest performer this week with a $110m in equity from a series C round, reaching unicorn territory. It was followed by Fidel API with a $65m series B round and Moneybox that raised a $42m series D.