Apparently it's getting ready to open an office in Austin too, so we’ll be neighbors ) It plans to use the new funding to expand beyond LatAm as well as to develop more technologies for banking, payments and financial markets infrastructure. It charges per active account, so prices decrease based on volume (more clients=the less a customer pays per account). Pismo mostly makes money by charging transaction fees. It ended 2020 with less than 10M accounts total. Some numbers: it handles more than 4B API calls monthly, hosts more than 30M accounts, and has over $3.5B in transaction volume a month. Founded in 2016, Pismo has customers including Banco Itaú (one of Brazil’s largest banks), BTG, Cora, N26 and Falabella. São Paulo-based infrastructure startup Pismo announced it has raised $108M in a funding round co-led by SoftBank, e-commerce giant Amazon and Silicon Valley-based venture firm Accel. It's going to be interesting to see this play out IF it does end up happening. PayPal is great at the checkout, Pinterest is having trouble with that (but is great at discovery). According to Bloomberg (hi guys), PayPal has recently approached Pinterest about a potential deal that would value Pinterest at roughly $39B. Potentially buying Pinterest would be a move towards that end-goal. Charley is writing more about this for us tomorrow :) Funding and Dealsīased on what I’m hearing in our Fintech Today Slack Community, PayPal is trying to locate a true discovery platform for its commerce push. Alloy’s API allows financial institutions to collate customer information, credit bureau data and other alternative underwriting data such as cash flow data through a single point of integration and make smarter risk decisions. The goal will be to build comprehensive views of customers in line with Alloy’s onboarding and transaction monitoring products, which should help prevent good customers from getting rejected by leveraging accessible data. Our friends at Alloy are getting into credit underwriting, with FTT Expert Charley Ma putting in a lot of work on this project. The other big example of this that y’all might remember is Square buying Tidal. With this new partnership, fans will be able to browse artists’ products and make purchases. It’s another example of the trend of artists and other creators getting more power to connect directly with their audience and have control over revenue. The two announced that they are now partnering to allow artists on Spotify to connect their profiles with their Shopify stores, allowing them to market their merchandise directly to fans through the Spotify app. Unlock this $1.7T asset class and skip their waitlist with this FTT link today* Company News
They just raised $110M at over a $1B valuation, so their future looks bright. By securitizing works by artists like Warhol, Banksy, and Basquiat, everyone can be a bona fide art investor. Now, you can add art to your portfolio with Masterworks.io-the first and only tech platform that lets you invest in iconic paintings without needing millions.
Finding promising investments is harder than ever. And, bond yields can’t keep up with inflation. Nearly every firm from Goldman to BlackRock is projecting equity returns of less than 5% until 2035. The global pandemic has completely disrupted markets. Where to Invest $100,000 Right Now? Ask the Experts Sign up here if you haven’t yet, and I promise I won’t make a habit of sending newsletters twice in one day (unless you’re subscribed to both FTT and Crypto Tonight.then you might sometimes). Our first Crypto Tonight newsletter went out (twice) yesterday thanks to my fat fingers lol.
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