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Oct 15 1 tweets 1 min read Read on X
BREAKING: @MrBeast has filed a trademark to launch his own bank.

The org will be called MrBeast Financial.

The filing was submitted on an intent-to-use basis, which under trademark law means there are genuine plans to bring this to life.Image

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More from @NikMilanovic

Apr 9
Consumer payments aren’t just a product line anymore.
They’re the next war zone.

@jpmorgan's CEO Jamie Dimon published his annual shareholder letter this week, and he flagged an interesting dynamic for banks and fintechs:
@jpmorgan The battle lines?
→ Data access
→ Third-party rails
→ Direct-to-consumer models

Fintech saw them as an opportunity.
Banks now see them as a threat.
@jpmorgan This isn’t just about regulation.
It’s existential.

Banks are investing heavily, rethinking partnerships, and defending distribution.
Not because payments are nice-to-have. Because they’re how you own the customer.
Read 9 tweets
Mar 20
@Fiserv just made a major play to capture more market-share in Europe.

The payments giant acquired CCV, a Dutch paytech with a 67-year history, expanding its @clovercommerce platform across the Netherlands, Belgium, and Germany. 👇
@Fiserv @clovercommerce This is Fiserv’s second acquisition in weeks (following Payfare) and a clear signal:
It’s doubling down on embedded payments and omnichannel infrastructure.

Why does this matter?
@Fiserv @clovercommerce Clover’s footprint is growing fast.

Already processing $310B annually, this acquisition adds 600,000 businesses to its reach.
Read 8 tweets
Feb 4
Stock transfers are finally getting a 21st-century upgrade.

For decades, transfer agents—the behind-the-scenes infrastructure that tracks share ownership—have barely evolved.

Outdated systems. Slow processes. Zero innovation.

Now, Fidelity is stepping in with the first major stock transfer overhaul in 30 years.
Fidelity Stock Transfer is a digital-first transfer agent solution designed to modernize how public companies track and manage shares.

For companies going public, this is a huge shift from the legacy, paper-heavy world of stock transfers.
Why does this matter?

Transfer agents are critical to public markets. They:
→ Maintain records of stock ownership
→ Prevent over-issuance of shares
→ Handle corporate actions & shareholder communications

But until now, they’ve been stuck in the past.
Read 6 tweets
Apr 4, 2022
This is a good time to talk about the dangers of joining fintech startups with super high valuations relative to their progress (or ARR).
Let's assume that you have two fintech companies, Startup A (low-profile) and Startup B (buzzy), competing head-on to build exactly the same product.

(It's more like 5 per YC cohort these days, but...)

What's the danger of joining the buzzy, highly-valued startup?
Startup A has 1 year of product development finished, has more market share, is very low-profile, and raised at a $500mm valuation.

Startup B has 6 months of product development done, has less market share, is super buzzy, and raised at a $1 billion 'unicorn' valuation.
Read 11 tweets
Mar 13, 2022
A couple ago, I left my BD & Strategy job at @GooglePay. The next morning, I was on a flight from New York to Kampala for a @twifintech meetup.
Attitudes on fintech across Africa – on fintech outside of the US for that matter – have shifted dramatically over the past couple years. It’s amazing to see examples like @ycombinator lending its brand to startups from Sudan.

techcrunch.com/2022/03/08/sud…
Early-stage investors are pouring into hubs like Lagos, Cape Town, and Cairo, something that felt like it would take decades to happen, when I wrote this in 2016.

(I got the causal story wrong; I thought only increased FDI would drive startup investment)

techcrunch.com/2016/01/31/afr…
Read 17 tweets
Apr 16, 2021
We all know that Q1 was a crazy quarter for fintech fundraising - but just how crazy was it?

Fintech companies raised *$17.7 BILLION* in Q1, more than 55% over the highest quarter we've ever tracked.
The number of #fintech deals has been sharply ticking upwards:

- 130 funding rounds in Q1 '20
- Up to 211 rounds in Q4 '20
- Up to *301* rounds in the last quarter
Put differently, funding grew quarter-to-quarter at an 800% CAGR.

Against Q1 '20 (which itself was already showing signs of a frenzy...), venture funding into fintech has still grown at a 160% CAGR.
Read 4 tweets

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