Issue 323 August 5th, 2021

People have too many accounts these days. 20 years ago most people just had an account at one bank to fulfill most of their financial needs like paying, saving and investing. It was insured and the standard way to go. Today deposit accounts are like money hubs that funnel money away to specialized services the minute it arrives. Be it a crypto account, P2P lending, crowdfunding, de-fi, robo advisors, secondary bank accounts, Paypal, reward wallets you name it. That increased complexity can only be handled by additional aggregators to help monitor and to manage these accounts. Those were the days when things were simple.

Top Stories

    We cover a lot of venture capital news here at TechCrunch. New funds, partner changes, the funding rounds themselves — the list is long. Lately, we’ve had to touch on rolling funds, solo GPs and a faster-than-ever investing cadence that has rewritten the rules of venture investing. Gone are the days when investors can take weeks, let alone months, to get into a hot deal in today’s turbocharged private markets.

Podcasts & Videos

    Interview with Martins Sulte who is the founder and CEO of Mintos. It’s the biggest P2P Lending marketplace in Europe and they started in 2015 and are headquartered in Riga. On mintos platform, there are currently around 50 companies that lend out loans in 12 currencies to borrowers in 38 countries worldwide. More than 40k investors fund loans in 9 loan segments. Like car loans, property, agriculture, small business, consumer loans and so forth. The episode covers how Martins Sulte experienced and managed the first real economic crisis due to Covid19 and discusses how the industry will evolve going forward e.g. with regulation. Other topics: - How regulation will make a difference for mintos - the marketplace model - how to attract quality Loan Originators - how martins invests - Social responsibility and ESG in P2P - New default strategies for investors

    The infrastructure bill’s crypto provision had the industry scrambling to lobby for change. On this episode of “The Breakdown,” NLW covers the continuing saga of the bill, including:

    • A recap on the bill’s crypto provision and subsequent backlash
    • Crypto industry’s resistance going mainstream
    • Regulatory battles to come

Crypto

    While historically, stablecoins were created for use in the crypto and blockchain realm, interest is expanding to the traditional financial sector where a growing number of financial institutions are attempting to find ways to integrate stablecoins into their businesses.

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