Jupiter plans to sell its £100m Starling Bank stake; & more!

Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below: This podcast episode is sponsored by Mercuryo. With the help of their cryptopowered toolbox, Mercuryo enables companies to take advantage of both fiat and crypto worlds and provide innovative payment solutions for end-customers. Welcome to your daily FinTech news! In case you missed it, please see below today's most relevant news, or tune in to our Daily Fintech Podcast here. NEWS HIGHLIGHT Jupiter plans to sell its £100m Starling Bank stake to fellow investors, including Goldman Sachs, at a sharply reduced valuation of £1.5bn. Shares in Jupiter, one of Britain's best-known asset managers, have fallen in the past year. On Thursday, it told staff it was looking to cut its workforce by almost 15%, and Andrew Formica, its chief executive, is soon to be replaced by Matthew Beesley. Link here. FINTECH NEWS Block brings BNPL to Square in Canada. Block Inc. is now offering buy now, pay later options for vendors and shoppers in Canada on Square. Inflation at levels not seen in decades has only propelled BNPL adoption. In July and August, growth in the consumer price index in Canada slowed to 7.6 and seven percent, respectively, but still well above the Bank of Canada’s target of two percent. Link here. #LATAM Payretailers partnered with xbo.com. The partnership opens the door for LatAm users to trade and invest cryptocurrencies on the XBO platform and exchange fiat for crypto. Link here #WomenInFinTech Belvo has 30% of women in leadership positions. Three women at Belvo share the stories of how they’ve grown in the company since they joined. Belvo is committed to building a culture of diversity, inclusion, and equity. Link here