Your Daily FinTech Podcast - May 18th, 2022

Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below: Welcome to another episode of our Daily Fintech Podcast. THE NEWS HIGHLIGHT OF THE DAY IS Nik Storonsky plans to launch his own venture fund, powered by artificial intelligence, to compete with “legacy” venture capital investors. He will himself invest, with other investors, around $200 million into the Quantum Light Capital fund. JUST IN: Japan’s SoftBank Group Corp. reported a record $26.2 billion loss at its Vision Fund investment arm on Thursday, as rising interest rates and political instability whiplashed high-growth tech stocks. WHAT ARE THE LATEST INSIGHTS? Revolut, the global financial super-app with more than 18 million customers worldwide and over 4 million in the UK, has seen an increase of over 215% in the number of UK users aged between 55-74 over the past two years. LET’S HEAR ALL ABOUT MERGERS AND ACQUISITIONS: Sam Bankman-Fried, the CEO of crypto exchange FTX, has taken a 7.6% stake in Robinhood, AS FOR PARTNERSHIPS Juni has chosen the UK payment solutions provider B4B Payments 💳 to deliver their innovative financial services offering for eCommerce companies Synctera, a leading FinTech banking provider helping innovators build their own FinTechs more efficiently, is expanding its partnership with Mastercard