Fintech
Good2Go2 Announces Proposed Qualifying Transaction with Canadian Teleradiology Services, Inc.
Toronto, Ontario–(Newsfile Corp. – June 29, 2020) – Good2Go2 Corp. (TSXV: GOAL.P) (“G2G2” or the “Company“) is pleased to announce that it has entered into a conditional letter of intent (the “LOI“) effective June 24, 2020, to complete a qualifying transaction (the “Acquisition“) pursuant to which the Company will, directly or indirectly, acquire all of the issued and outstanding securities of Canadian Teleradiology Services, Inc. (“CTS“), an arm’s length Canadian company whose principal business activity is providing teleradiology services (medical imaging procedures using computer-processed combinations and computed tomography via secured remote interface) to client hospitals, using licensed IT platforms and hosted servers.
The Acquisition may be structured as a three-cornered amalgamation, share exchange, plan of arrangement or other similarly structured transaction as may be agreed upon by the parties, and effectively a reverse takeover transaction whereby CTS will ultimately be acquired by the Company in accordance with the rules and policies of the TSX Venture Exchange (the “Exchange“). The Company intends that the Acquisition will constitute its Qualifying Transaction (as such term is defined in the policies of the Exchange). For the purposes of the Acquisition, it is intended that the securityholders of CTS will receive 27,275,000 common shares on a post-consolidated basis (as defined below) of the Company (the “G2G2 Shares“), in exchange for 100% of the securities of CTS (the “CTS Shares“).
Upon successful completion of the Acquisition, it is anticipated that the Company will be listed on the Exchange as a tier 2 industrial technology issuer. For convenience, the Company, after the completion of the Acquisition, is referred to herein as the “Resulting Issuer“.
CTS
CTS was incorporated on October 15, 2004, under the Canada Business Corporations Act
CTS is in the telehealth services business as it provides Teleradiology services to Canadian hospitals. CTS services include, but are not limited to, reading medical imaging procedures using computer-processed combinations computed tomography scan, “CT”, Magnetic Resonance Imaging “MRI”, Ultra Sound, and X-ray on an around the clock basis providing reporting and workflow solutions via secured server according to client hospital needs. Teleradiology is the process of providing remote off site reading of radiology scans. Hospital staff can scan their emergency room patients, then page the CTS radiologist on call, who can then remotely view, via secured server, the images and diagnose the patient and provide a report back to the hospital.
Teleradiology is the next level of patient care that assists small urban and rural hospitals to be connected with 24/7 care, ensuring even small communities receive the same care that large urban hospitals receive.
The principal shareholders of CTS are Mitchell Geisler, CTS’s Chief Executive Officer, Robert Landau, CTS’s Chief Financial Officer and Medical Imaging Corp., a Nevada company (“Medical Imaging”) controlled by Mitchell Geisler and Robert Landau.
Good2Go2 Corp.
G2G was incorporated under the Business Corporations Act (Ontario) on March 19, 2019 and is a capital pool company listed on the Exchange. G2G has no commercial operations and has no assets other than cash.
The Acquisition
Pursuant to the LOI, the Acquisition is subject to the parties successfully entering into a definitive business combination agreement (the “Definitive Agreement“) in respect of the Acquisition on or before June 30, 2020 or such other date as G2G2 and CTS may mutually agree. Completion of the proposed Acquisition is also subject to a number of other conditions, including but not limited to: completion of customary due diligence, receipt of all necessary regulatory, corporate and third-party approvals, Exchange approval, compliance with all applicable regulatory requirements, and all requisite board and shareholder approvals being obtained, including approval of the shareholders of CTS for the Acquisition, and the approval of shareholders of G2G2 for certain corporate matters related to the Acquisition. No finder’s fee is payable in connection with the Acquisition.
If, as or when the Acquisition is completed, it is anticipated that the board of directors of the Resulting Issuer will consist of four (4) directors (the “New Directors“) of which one independent director will be nominated by G2G2 and one independent director nominated by CTS and 2 directors being the current CEO and CFO of CTS and to be elected at a meeting of the shareholders of G2G2. The New Directors will appoint the executive officers of the Resulting Issuer.
It is anticipated that the persons identified below will serve as directors, officers and management of the Resulting Issuer, with additional appointments to be confirmed in due course.
Mitchell Geisler, Chief Executive Officer and Director
Mr. Geisler has been the CEO and a director of CTS since 2010 and has overseen its operations and growth. Mitch is a seasoned entrepreneur in multiple sectors including healthcare, mining and hospitality. Mitch has built companies from the ground up and has extensive experience in operations management and oversight. Implementing policies and procedures, directing marketing and growth strategies, and providing initiatives for long term corporate success. Mitch has a Bachelor of Arts degree from York University.
Robert Landau, Chief Financial Officer and Director
Mr. Landau has been working as a consultant to CTS since 2009 and became its CFO in 2019 and a director in 2020. He has advised on its operational growth and accounting matters. Rob has many years of experience with corporate finance and structuring, corporate accounting and auditing as well as working with start-up companies. Rob has a Bachelor of Commerce degree from the University of Toronto.
It is anticipated that the completion of the Acquisition will involve, among other things, the following steps, however, the parties may agree to include additional or alternative steps based on tax efficiencies and the advice of their respective legal and financial advisors:
- the consolidation of the G2G2 Shares, and other securities of G2G2, on the basis of one new share for every two old shares prior to completion of the Acquisition (the “Consolidation“);
- CTS will complete the Financing (as defined below) or a non-brokered private placement in accordance with Exchange policies;
- a name change pursuant to which G2G2 will change its name to Good2Go Health Inc. or such other name as may be reasonably determined by CTS, and subject to shareholder approval;
- following the issuance by G2G2 of G2G2 Shares to the holders of CTS Shares (following the Consolidation) in exchange for all of the outstanding CTS Shares, CTS would become a wholly-owned subsidiary of the Company;
- receipt of all director, shareholder and regulatory approvals relating to the Acquisition, including, without limitation, the approval of the Exchange; and
- each of the parties shall have executed, delivered and performed all covenants on their respective parts to be performed under the Definitive Agreement, and all representations and warranties of each party contained in the Definitive Agreement shall be true and correct at the time of closing of the Acquisition.
Certain of the G2G2 Shares issuable pursuant to the Acquisition may be subject to the escrow requirements of the Exchange and hold periods as required by applicable securities laws.
The Financing
As a condition of closing of the Acquisition, CTS is expected to raise a minimum of CAD$4,000,000. CTS intends to complete a brokered private placement financing of subscription receipts (the “Subscription Receipts“) for aggregate gross proceeds of up to CAD$5,000,000 (the “Financing“). Mackie Research Capital will act as lead agent and sole bookrunner on behalf of a syndicate of agents in connection with the Financing to offer the Subscription Receipts for sale, on a commercially reasonable efforts agency basis. It is expected that the proceeds of the Financing will be used for business development and advancing patient care in small urban and rural settings and general corporate purposes.
Sponsor
The proposed Acquisition may be subject to the sponsorship requirements of the Exchange, unless a waiver or exemption from the sponsorship requirement is available. If required, a sponsor will be identified at a later date and will be announced in a subsequent press release. An agreement to sponsor should not be construed as an assurance with respect to the merits of the transaction or the likelihood of completion of the proposed Acquisition.
Pro Forma Capitalization
The table below demonstrates the anticipated non-diluted capitalization of the Resulting Issuer post Qualifying Transaction and Financing, assuming completion of the minimum Financing, and lists the number of common shares of the Resulting Issuer anticipated to be held by the CTS Shareholders, G2G2 Shareholders and investors in the Financing.
| Number of Resulting Issuer Shares Issued and Outstanding Post-Qualifying Transaction Assuming Minimum Financing and completion of the Consolidations | Percentage of Resulting Issuer Shares Post-Qualifying Transaction Assuming Minimum Financing and completion of the Consolidations | |
| Resulting Issuer Shares held by G2G2 Shareholders | 2,725,000 | 6.8% |
| Resulting Issuer Shares held by Former CTS Shareholders | 27,275,000 | 68.2% |
| Resulting Issuer Shares held by investors in the Financing | 10,000,000 | 25.0% |
| Total: | 40,000,000 | 100% |
Trading in G2G2 Shares
Trading in the Company’s shares has been halted in compliance with the policies of the Exchange. Trading in the Company’s shares will remain halted pending the review of the proposed Acquisition by the Exchange and satisfaction of the conditions of the Exchange for resumption of trading. It is likely that trading in the shares of the Company will not resume prior to the closing of the Acquisition.
Disclosure and Caution
Further details about the proposed Acquisition and the Resulting Issuer will be provided in a comprehensive press release when the parties enter into a Definitive Agreement and in the disclosure document to be prepared and filed in respect of the Acquisition. Investors are cautioned that, except as disclosed in the disclosure document, any information released or received with respect to the Acquisition may not be accurate or complete and should not be relied upon.
All information provided in this press release relating to CTS has been provided by management of CTS and has not been independently verified by management of the Company. As the date of this press release, the Company has not completed a Definitive Agreement with CTS and readers are cautioned that there can be no assurances that a Definitive Agreement will be executed, or that the Acquisition will be completed.
Investors are cautioned that, except as disclosed in the disclosure document to be prepared in connection with the transaction, any information released or received with respect to the Acquisition may not be accurate or complete and should not be relied upon. Trading in securities of Good2Go2 Corp. should be considered highly speculative.
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws, which involves known and unknown risks, uncertainties and other factors relating to the proposal to complete the Qualifying Transaction and associated transactions that may cause actual events to differ materially from current expectations. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that the parties will not proceed with the Qualifying Transaction and associated transactions, that the ultimate terms of the Qualifying Transaction, and associated transactions will differ from those that currently are contemplated, and that the Qualifying Transaction and associated transactions will not be successfully completed for any reason (including the failure to obtain the required approvals or clearances from regulatory authorities).
Completion of the Qualifying Transaction is subject to a number of conditions including, but not limited to, Exchange acceptance, the availability of funds, the results of Financing efforts, the parties’ due diligence reviews, and general market conditions. There can be no assurance that the transaction will be completed as proposed or at all. Other conditions that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which are made only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Good2Go2 Corp.
James Cassina, President
cassina@bellnet.ca
Canadian Teleradiology Services, Inc.
Mitchell Geisler, Chief Executive Officer
mitch@ctsrad.com
Not for distribution to US newswire services or for release, publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/58808
Fintech
Fintech Pulse: Your Daily Industry Brief – April 25, 2025 | Nubank, Fiserv, LendMN, Clara, Alternative Payments
Welcome to today’s Fintech Pulse, your op-ed–style deep dive into the developments reshaping financial technology. In this edition, we examine five pivotal stories—from strategic regulatory wins and M&A moves to capital infusions empowering underserved markets. Our analysis delivers not just the facts, but the insights driving tomorrow’s fintech landscape.
1. Nubank Secures Mexican Banking License
News Summary
Brazil’s digital banking powerhouse Nubank has cleared a major regulatory hurdle in Mexico, obtaining initial approval from the National Banking and Securities Commission to transition from a payments-focused issuer to a full-service bank. This milestone permits Nubank to broaden its product suite—adding salary deposits, expanded savings offerings, and potentially consumer loans—currently restricted under its existing license. With over 10 million customers in Mexico, the move cements Nubank’s regional footprint.
Source: Reuters
Analysis & Commentary
Nubank’s license approval represents a calculated shift from neo-banking into universal banking, mirroring strategies by other challengers seeking diversified revenue streams. By evolving into a full bank, Nubank can integrate deposit-taking operations with cross-sell opportunities for credit, insurance, and investment products. This vertical integration not only boosts customer lifetime value but also insulates against margin compression in transactional services.
Industry watchers should note that Nubank’s success could spur incumbents to accelerate digital transformation, potentially igniting a wave of partnerships or counter-moves across Latin America’s top banking markets.
2. Fiserv to Acquire Money Money in Brazil
News Summary
U.S. payments stalwart Fiserv has inked a definitive agreement to acquire Brazilian fintech Money Money Serviços Financeiros, aiming to enhance its suite of merchant services for Latin America’s SMB segment. Pending approval by Brazilian regulators, the deal is slated to close in Q2 2025. Through this acquisition, Fiserv gains localized technology, a built-in merchant portfolio, and foothold in one of the fastest-growing digital payments markets.
Source: Electronic Payments International
Analysis & Commentary
The Fiserv–Money Money merger exemplifies established fintech firms’ appetite for inorganic growth in emerging markets. Rather than building solutions from scratch, acquiring a homegrown player accelerates time-to-market, leverages regulatory know-how, and taps existing customer trust.
Strategically, Fiserv’s playbook highlights three key benefits: 1) Market entry at scale, 2) Technology integration with minimal friction, and 3) Enhanced local relationships—factors critical in regions where regulatory complexity and cultural nuances can hamper pure digital entrants. As competition intensifies, incumbents and challengers alike will reassess M&A as the quickest path to growth.
3. LendMN Raises $20 Million to Drive Inclusion in Mongolia
News Summary
LendMN, Mongolia’s leading digital lending platform focused on micro, small, and medium enterprises (MSMEs), has secured a $20 million debt facility from Lendable. The injection will enable LendMN to expand its tech-enabled lending to underserved MSMEs, many of which lack access to traditional credit. Since launch in 2017, LendMN has disbursed over $70 million across 3,800 borrowers, catalyzing economic participation in remote regions.
Source: Financial IT
Analysis & Commentary
Fintech’s greatest promise lies in democratizing finance—and LendMN is a textbook case. By leveraging alternative data, digital onboarding, and remote underwriting, the platform bypasses hurdles that exclude rural entrepreneurs.
This funding underscores a broader shift: investors are increasingly channeling capital into purpose-driven fintechs that marry profitability with social impact. As LendMN scales, expect partnerships with global development banks and regional regulators to further legitimize digital credit as a cornerstone of economic growth in underserved territories.
4. Clara’s Meteoric Rise in Latin America
News Summary
Mexican fintech Clara has skyrocketed from $102,000 in first-year revenue to $28.3 million by 2023, earning a unicorn valuation north of $1 billion. Operating across Mexico, Brazil, and Colombia, Clara offers corporate spend management, expense tracking, and virtual cards. Despite its rapid growth, Clara faces headwinds: fragmented regulatory regimes, low financial literacy, and significant unbanked populations.
Source: Financial Times
Analysis & Commentary
Clara’s trajectory illustrates the dual-edged nature of rapid scale: while its product-market fit in corporate expense management is undeniable, sustaining growth demands navigating divergent compliance frameworks and investing in customer education.
Opinion: Clara’s next frontier should be embedded finance—integrating expense tools directly into ERP systems and e-commerce platforms. By shifting from a standalone app to an API-first infrastructure, Clara can embed its services where customers already work, accelerating adoption and deepening stickiness.
5. Alternative Payments’ $22 Million Funding Round
News Summary
Embedded fintech specialist Alternative Payments has raised $22 million in a Series B round led by strategic investors. The capital will fuel product development for seamless integration of payments, credit, and loyalty directly into non-financial platforms—retail, gaming, and SaaS ecosystems. This trend of “fintech as infrastructure” is gaining traction as businesses seek new monetization avenues.
Source: Axios Pro
Analysis & Commentary
Embedded fintech is more than a buzzword—it’s the next frontier of customer experience. By migrating financial services under the UI of non-financial apps, companies can drive conversion, loyalty, and ancillary revenue without re-directing users to external portals.
Looking ahead, partnerships between fintechs like Alternative Payments and major platform providers (e.g., e-commerce marketplaces, ERP vendors) will accelerate. The winners will be those who provide turnkey, compliant solutions that integrate seamlessly into existing tech stacks while managing regulatory risk.
6. Emerging Themes & Strategic Imperatives
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From Challenger to Universal Bank: Nubank’s licensing pivot signals a maturation trend—fintechs evolving into full-service banks to command broader customer value chains.
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Strategic M&A in Growth Markets: Fiserv’s Money Money acquisition underscores M&A as the fastest path to market in complex, high-growth regions.
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Capital for Inclusion: LendMN’s latest facility reflects sustained investor appetite for fintechs driving social impact in underserved areas.
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API-First Expansion: Clara and Alternative Payments exemplify the shift toward embedded finance, offering modular, scalable solutions that plug into enterprise workflows.
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Regulatory Adaptation: Across markets, success hinges on navigating evolving compliance regimes; firms that can anticipate and adapt will secure durable advantages.
Opinion-Driven Takeaway:
The fintech sector’s trajectory in 2025 is defined by convergence—between digital banking and universal banking, between fintechs and incumbents via M&A, and between finance and everyday digital experiences through embedded APIs. To thrive, companies must balance innovation with regulatory foresight, pursue partnerships that accelerate scale, and root their growth in genuine customer value.
Conclusion
Today’s news paints a vivid picture: digital banking pioneers are leveling up to universal banking, payments giants are buying local champions to accelerate Latin American expansion, capital is flowing to fintechs advancing inclusion in frontier markets, and embedded finance continues its march toward ubiquity. For industry observers and participants alike, these developments affirm that fintech’s next chapter will be written in collaboration—with regulators, incumbents, and global investors—all striving to make finance seamlessly accessible to everyone, everywhere.
Stay tuned for tomorrow’s Fintech Pulse, where we’ll continue to bring you the insights that matter most.
The post Fintech Pulse: Your Daily Industry Brief – April 25, 2025 | Nubank, Fiserv, LendMN, Clara, Alternative Payments appeared first on News, Events, Advertising Options.
Fintech
Fintech Pulse: Your Daily Industry Brief – April 24, 2025 (Revolut, Citigroup, BNP Paribas, Coinbase, Omnea, HKIAS)
In today’s rapidly evolving financial landscape, staying abreast of the latest developments in fintech is not just an advantage—it’s imperative. From blockbuster profit milestones to seismic collapses, and from talent wars in U.S. banking hubs to pioneering academic–industry collaborations in Hong Kong, April 24, 2025, offers a whirlwind of insights. In this edition of Fintech Pulse, we dissect five pivotal stories, offer opinion-driven analysis, and explore the broader industry implications.
1. Revolut’s Profit Bonanza: Mainstreaming the Super-App
What happened:
British fintech unicorn Revolut announced a record pre-tax profit of £1.1 billion ($1.46 billion) for the year ending December 31, 2024—up 149% year-on-year—on revenues of £3.1 billion, a 72% increase over 2023.
Why it matters:
Revolut’s profit surge marks its transformation from a niche currency-exchange app into a full-blown digital bank aiming for global scale. Having secured a UK banking license after a protracted three-year approval process, it now seeks to expand into lending products—credit cards, personal loans, and mortgages—to capture a larger share of customers’ financial lives.
Analysis & Commentary:
In my view, Revolut’s results underscore a broader trend: “super-apps” consolidating diverse financial services under one roof. Crypto trading and wealth management now account for a significant slice of profits, but true differentiation will come from how seamlessly Revolut integrates lending. As traditional banks shutter branches, fintech challengers can accelerate customer acquisition—but must manage credit risk carefully to avoid overextension. I believe regulators will keep a close watch on how Revolut scales its loan book, especially given its 86% year-on-year increase in customer lending balances to £979 million.
Source: CNBC
2. Stenn’s Implosion: A Cautionary Tale in Trade Finance
What happened:
Trade-finance fintech Stenn Technologies, once touted as a $1 billion rising star, collapsed into administration last December, leading to the loss of most of its 200 jobs. Investigations revealed that major banks—including Citigroup and BNP Paribas—backed deals they barely vetted, missing warning signs as weekly deal summaries ballooned to nearly $1 billion in size.
Why it matters:
Stenn’s collapse highlights persistent due-diligence gaps in trade finance. As fintechs promise speed and efficiency, established banks must not sacrifice risk controls for deal flow. The fallout eroded confidence and may prompt stricter counterparty assessments industry-wide.
Analysis & Commentary:
I argue that this episode is symptomatic of a “too eager to lend” mindset. In an environment of slackening yields, large banks pursued yield-rich fintech credit lines, only to face unexpected defaults. Going forward, I expect banks to re-evaluate their fintech partnerships, incorporating more robust real-time monitoring and third-party risk assessments. Stenn’s demise should catalyze the adoption of blockchain-based trade-finance platforms that embed transparency and immutable audit trails. Until then, caution remains the watchword.
Source: Bloomberg
3. Coinbase’s Southern Pivot: The Talent Play
What happened:
Coinbase, the largest U.S. cryptocurrency exchange, is targeting Charlotte, North Carolina, for a major talent investment—adding over 130 employees to its compliance and customer-support teams and potentially scaling to 1,000 new U.S. hires this year.
Why it matters:
Charlotte has long been a banking powerhouse, but its rising pool of tech talent makes it an attractive fintech hub. Coinbase’s move signals a shift in talent strategy: “meet talent where they are,” rather than concentrate in coastal tech camps.
Analysis & Commentary:
In my assessment, spreading operational centers beyond saturated markets is a savvy cost and culture play. By embedding in Charlotte, Coinbase gains access to experienced banking professionals and benefits from lower cost structures. However, maintaining a cohesive company culture amid geographic dispersion will be a challenge. Remote-first models must be balanced with local engagement to foster innovation. I anticipate other crypto players following suit, seeking a “hybrid hub” approach across U.S. secondary cities.
Source: Axios
4. Omnea’s eProcurement Crown: The Automation Imperative
What happened:
Procurement orchestration platform Omnea clinched the “Best Overall eProcurement Software” award at the 2025 FinTech Breakthrough Awards, recognized for its AI-driven intake, deduplication, and end-to-end automation.
Why it matters:
Procurement remains a pain point for enterprises—manual approvals, fragmented tools, and shadow processes lead to inefficiencies and maverick spending. Omnea’s win spotlights a surging wave of procurement fintech aimed at centralizing workflows, enforcing policies, and integrating with ERP ecosystems.
Analysis & Commentary:
I believe Omnea’s approach exemplifies the next frontier of “invisible finance”—embedding financial controls directly into business processes via Slack, Teams, or web portals. By surfacing policy-aligned choices and automating renewal reminders, companies can mitigate risk and free strategic buyers from administrative drudgery. Given Omnea’s backing by Spotify, Wise, and Pleo post-Series A, it’s clear that market demand for frictionless procurement tools is accelerating. Expect consolidation as ERP vendors scramble to embed or acquire these specialized platforms.
Source: FinTech Breakthrough
5. HKIAS Workshop: Bridging AI and Fintech Frontiers
What happened:
The Hong Kong Institute for Advanced Study (HKIAS) at City University of Hong Kong hosted a “Mini Workshop on AI and Fintech” featuring Professors David D. Yao, Houmin Yan, and Guangwu Liu. Key presentations covered emission-trading risk hedging, AI-driven credit-risk management for Amazon seller financing, and automated market-making research.
Why it matters:
Academic–industry collaboration is vital for next-generation fintech innovation. By tackling real-world challenges—carbon cost integration, dynamic hedging, AI credit scoring, and automated trading—researchers and practitioners can co-develop solutions that scale globally.
Analysis & Commentary:
I contend that Hong Kong is positioning itself as a “Fintech Alpha Node” for Asia, leveraging top-tier academics to incubate disruptive ideas. The workshop’s focus on tokenized clean-energy assets and AI for credit decisions signals where investment dollars will flow: sustainable-finance fintech and machine-learning risk engines. As regulatory sandboxes in Hong Kong and beyond open, such cross-pollination workshops will be the crucible for breakthrough products.
Source: Newswise
Conclusion: Charting the Course Ahead
Today’s headlines—from Revolut’s meteoric profit to Stenn’s cautionary collapse, and from Coinbase’s talent migration to Omnea’s automation triumph, capped by HKIAS’s academic symposium—paint a vivid picture of an industry in flux. Key themes emerge:
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Super-App Evolution: Fintechs are racing to embed a full suite of services—lending, trading, payments—blurring lines with incumbent banks.
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Risk Control Reboot: Collapses like Stenn’s will drive banks to reinforce due diligence and embrace transparent, blockchain-backed workflows.
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Talent Democratization: The coastal tech epicenters are ceding ground; remote and regional hubs are powering the next wave of fintech innovation.
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Invisible Finance & Automation: Real-time, AI-driven tools are automating procurement and credit decisions, embedding controls directly into workflows.
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Academic–Industry Fusion: Workshops bridging theory and practice are critical to solving complex challenges—from ESG-linked assets to automated trading.
As we digest these developments, one thing is clear: fintech’s pulse is strong, but its beat demands constant vigilance, adaptability, and a thirst for innovation. Join me tomorrow for another briefing—because in fintech, today’s news is tomorrow’s roadmap.
The post Fintech Pulse: Your Daily Industry Brief – April 24, 2025 (Revolut, Citigroup, BNP Paribas, Coinbase, Omnea, HKIAS) appeared first on News, Events, Advertising Options.
Fintech
Fintech Pulse: Your Daily Industry Brief – April 23, 2025 – Synapse, Cathay Innovation, Chemistry, Truth.Fi ETFs, Daira
Welcome to Fintech Pulse, your daily op-ed style briefing that distills today’s most pivotal developments shaping the financial technology landscape. From regulatory scrutiny of banking-as-a-service models to the unfolding era of AI-driven fintech, we analyze the stories behind the headlines—and what they mean for innovators, investors, and regulators.
1. Regulatory Spotlight: Senators Demand Federal Reserve Records on Synapse Failure
In a dramatic escalation of oversight pressure, a bipartisan group of senators—led by Sen. Elizabeth Warren (D-MA) and Sen. John Fetterman (D-PA)—has formally demanded that the Federal Reserve hand over all supervisory records related to last year’s collapse of fintech middleware provider Synapse. According to reporting by The Wall Street Journal, the senators allege that warning signs of Synapse’s missteps “should have prompted immediate supervisory and enforcement intervention” by the Fed.
Source: PYMNTS.com.
Key Takeaways
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Middleman Risks Exposed: Synapse acted as the on-ramp between neobanks and chartered banks, holding customer deposits at banks like Evolve Bank & Trust—yet when Synapse filed bankruptcy in April 2024, an estimated $96 million of customer funds went missing and were not covered by FDIC pass-through insurance mechanisms.
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Regulatory Gap: Fintechs such as Synapse, though vital to digital banking services, fall outside the Fed’s direct regulatory purview, illustrating a blind spot in U.S. financial oversight that lawmakers now vow to close.
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Market Repercussions: The fallout froze funds for tens of thousands of end-users, eroding trust in BaaS partnerships and igniting calls for more rigorous standards and clearer consumer disclosures.
Op-Ed Insight
The Synapse debacle underscores a harsh truth: innovators move faster than regulators, but the price of that speed can be catastrophic when intermediaries obscure the true custodian of consumer funds. As BaaS partnerships proliferate, the Federal Reserve—and by extension, other global regulators—must balance fostering innovation with enforcing accountability. Failure to do so risks a repeat of this crisis, undermining both consumer confidence and the broader fintech ecosystem.
2. AI Rearchitecture: Simon Wu on Vertical-First, AI-Native Fintech
In a feature for Crunchbase News, Simon Wu of Cathay Innovation argues that fintech’s next chapter is defined not by broad digital banking clones, but by vertical-first, AI-native startups that own their infrastructure and data loops .
Source: Crunchbase News.
Highlights
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Infrastructure Ownership: Startups that build or deeply integrate their own core banking stack (e.g., Chime) gain superior control over data, compliance, and AI model fine-tuning—key levers for personalized services and fraud mitigation.
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AI at the Core: From AI-powered underwriting (Nubank) to chatbot-driven support (Klarna), fintechs are leveraging machine learning to enhance decisioning and user engagement while reducing operational costs.
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Verticalization: Rather than competing head-on with incumbents, emerging players focus on niches—such as embedded payments in real-estate workflows or AI-driven insurance quoting—to deliver “fintech operating systems” that embed seamlessly into customer processes.
Op-Ed Insight
Wu’s thesis is a wake-up call: the era of generic, horizontal fintech is fading. Winners will be those who harness AI within proprietary stacks to solve real pain points—delivering not just products, but embedded workflows that feel indispensable. Investors should pivot from broad bets on “fintech 1.0” to backing startups that exemplify this AI-infra synergy.
3. Fintech Maximalism: Mark Goldberg’s Vision for Compounding Growth
On TechCrunch’s Equity podcast, veteran investor Mark Goldberg—fresh off launching his $350 million venture fund Chemistry—declares we’ve entered a period of fintech maximalism, where companies cultivated through 2021–24 emerge as multi-year compounders.
Source: TechCrunch.
Core Themes
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“Tech-Fin” Over “Fintech”: Goldberg emphasizes a shift toward companies that blend deep technology capabilities with financial services—transcending the original fintech playbook.
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Portfolio Construction: Chemistry’s boutique strategy reflects a broader VC trend: seasoned partners spinning out to pursue focused, high-conviction rounds, betting on businesses that not only survive downturns but accelerate thereafter.
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2025 Watchlist: Goldberg cites AI’s role in fraud detection, a resurgence in M&A and secondaries, and a potential wave of fintech IPOs—though he cautions that public markets may remain tough for fintech exits.
Op-Ed Insight
Fintech maximalism is more than jargon—it’s a mindset shift: only those firms with durable moats, integrated technology and financial acumen will thrive long-term. As Chemistry and peer funds deploy new capital, incumbents face intensified competition from lean, well-capitalized startups—and legacy players must adapt or risk obsolescence.
4. Truth.Fi’s Next Act: TMTG Partners on America-First ETF Launch
In a surprising move into asset management, Trump Media & Technology Group (TMTG) has inked a binding agreement with Crypto.com and Yorkville America Digital to launch America-First ETFs under the Truth.Fi brand later this year.
Source: Nasdaq.
Details
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Product Suite: The ETFs will blend digital assets and “Made in America” securities, spanning sectors like energy and industrials—distributed globally via Crypto.com’s broker-dealer, Foris Capital US LLC.
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Strategic Rationale: TMTG’s CEO Devin Nunes frames the launch as diversifying into financial services, leveraging the Truth.Fi fintech arm to attract retail and institutional investors aligned with patriotic investment themes.
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Regulatory & Advisory: Davis Polk & Wardwell LLP advises on product development, underscoring the complexity of marrying crypto assets and traditional securities within regulated ETF wrappers.
Op-Ed Insight
Truth.Fi’s ETF play signals a broader convergence of social/media platforms and fintech—where user communities morph into captive audiences for financial products. While ideological branding (“America-First”) may resonate with a specific demographic, success hinges on genuine fund performance and regulatory compliance. For the wider fintech sector, TMTG’s pivot illustrates the allure—and peril—of media-backed finance ventures.
5. Financial Inclusion Frontlines: Daira at Money20/20 Asia
At Money20/20 Asia in Bangkok, Sheikh Omer Nasim, CEO of Pakistan-focused fintech Daira, delivered a keynote on leveraging technology to bridge the financial literacy gap in emerging markets.
Source:Taiwan News.
Highlights
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Market Context: With smartphone penetration at 51% and over 124 million mobile Internet users, Pakistan saw a 35% jump in digital payments in 2024, according to the State Bank of Pakistan.
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Product Innovation: Daira’s mobile app (launched October 2024) offers micro-loans, AI-driven personalized tips and a streamlined interface tailored to first-time borrowers—especially women under the SECP’s Women Equality in Finance Policy Framework.
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Regulatory Milestone: Securing a Non-Banking Financial Company license in 2024 cements Daira’s compliance credentials, enabling expansion into SME marketplaces and deeper inclusion efforts.
Op-Ed Insight
Daira’s model exemplifies how fintech can catalyze financial empowerment in under-banked regions. By coupling AI-powered education with credit access, platforms like Daira transform users into informed participants of the digital economy. Yet success demands ongoing collaboration with local regulators, continuous user-centric design, and robust risk management to scale sustainably.
Conclusion: Connecting the Dots
Today’s headlines paint a vivid tableau of fintech’s dynamic tensions: regulators racing to catch up with innovative BaaS models; AI-powered startups redefining infrastructure; boutique VC funds doubling down on tech-fin compounders; non-traditional players launching ETFs; and social impact fintech rising in emerging markets.
What to Watch Tomorrow
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Will the Federal Reserve respond to Senatorial pressure with new BaaS oversight guidelines?
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Which AI-infra-first fintech will announce a major funding round or partnership next?
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Can Truth.Fi’s ETFs carve out market share in an increasingly crowded ETF landscape?
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Which emerging market fintech will replicate Daira’s inclusion success in another under-banked region?
Stay tuned to Fintech Pulse for incisive analysis and op-ed commentary on the stories that move markets—and shape the future of finance.
The post Fintech Pulse: Your Daily Industry Brief – April 23, 2025 – Synapse, Cathay Innovation, Chemistry, Truth.Fi ETFs, Daira appeared first on News, Events, Advertising Options.
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