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Welcome to another episode of our Daily Fintech Podcast.
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THE NEWS HIGHLIGHT OF THE DAY IS
Flutterwave Inc. denied reports of financial impropriety after Kenya’s High Court froze the startup’s bank accounts holding more than $40 million. The money, held in 52 multi-currency accounts in three banks, can’t be moved following the order based on an application by the Assets Recovery Agency under anti-money laundering rules.
JUST IN:
Banking FinTech Fiinu is readying to introduce a world-first plugin overdraft after joining the London Stock Exchange (LSE) with a £53m valuation.
ALSO:
One of Monzo Bank’s directors Phillip Riese has stepped down from the company’s board.
FURTHERMORE,
Restaurant payments app sunday is pulling out of 60% of its markets and making extensive cuts to its global team.
WHAT ABOUT CRYPTO?
The Bank of England’s Financial Policy Committee has called for widespread crypto regulation
Binance.US has named a new CFO, sending a strong signal that the crypto company is gearing up to go public.
WHAT ARE THE LATEST INSIGHTS?
One of the world’s most successful venture capital firms Coatue Management argued in a private presentation that they believed Robinhood has "zero valuation support" and a "broken business model"
AS FOR PARTNERSHIPS
Pelvo AB, a Sweden-based, B2B startup, has announced their new partnership with Yapily and Klarna Kosma.