Daily Fintech Podcast 2022.2.7

This podcast episode is sponsored by Fintech Meetup. Fintech Meetup Is Almost Here! More than 1,000+ companies have signed up to Fintech Meetup! Prices go up on Friday–so Get Your Ticket Now! 💫 News Highlight: Jar raised $32 million in its Series A financing round, just months after securing its seed funding. ⚡ Just in Thought Machine has signed its second community bank in the US, Mascoma Bank. ⭐ Also, Robinhood’s losses widened substantially in Q4 as tumbling average user spend hurt trading. 👉🏻 Furthermore, Monument is increasing its headline rate to a huge 2.2 percent. That’s on its 5-year Fixed Term account, up from the 2.05 percent it previously offered, with no changes to its other accounts. 🪙 Crypto - Bakkt Holdings announced that Hanover Community Bank will join its early adopter program to connect to Bakkt’s cryptocurrency platform. 🚢 Partnerships - Cross River Bank is joining forces with fintech PayTile to deliver a peer-to-peer payments app that uses geo-location technology. 💰 Funding rounds & investments: -Tribal Credit has raised $60 million in a Series B funding round led by SoftBank Group Corp. Latin America Fund, with participation from Coinbase Ventures. -R2 announced on Thursday that it has raised a $5.9 million Seed round led by General Catalyst. -Billhop AB announced it has raised €10.5 million, led by EQT Ventures with participation from Element Ventures. -Founders Fund has led new investment in Ramp, at an $8 billion valuation, including the investment. 🪂 New Launches & Features: Consumers will now be able to easily find sustainable options to shop in the Klarna app. Paysend is expanding its peer-to-peer money transfer services globally. Upgrade, Inc., has added a new feature: Shopping. Sberbank has rolled out a service that lets customers send money to Alipay wallets in China using phone numbers. Novo launched the Novo Virtual Card to provide small businesses with a fast, safe payment method that’s available from the moment they fund their Novo account.