Wealthsimple has secured $559M in funding at a $3.7B valuation thanks to the success of its retail trading and new crypto and P2P money transfer products. The Canadian fintech should now roll out customized portfolio options to double down on growth.
Revolut to roll out Bitcoin withdrawals: The UK-based neobank will let its paid Metal users withdraw Bitcoin in amounts of up to £500 ($641.18) daily and £1,000 ($1,282.36) monthly, giving it a chance to bring in customers who appreciate the flexibility.
Virgin Money boosts UK SMB lending experience with partnership: The UK bank’s latest fintech team-up demonstrates a focus on pivoting to post-pandemic customer retention.
Here's where people are buying cryptos
The pandemic not only altered consumers’ shopping behaviors, but it also changed how they pay for goods and services.
Scroll on, Twitter: The platform's acquisition of ad-free news startup Scroll is the latest in its effort to build out enough features and content to feasibly sell paid subscriptions to its users.
Social gaming: Sony announced a new investment and partnership with Discord following Microsoft's failed acquisition of the chat app.
Sony integrates Discord: Two weeks after Microsoft’s efforts to buy Discord crumbled, Sony announced an investment in and partnership with Discord that will embed it in its gaming services.
On today's episode, we discuss what stood out the most about Google's Q1 performance. We then talk about what kind of ad recovery we expect this year and why Google is in hot water again, as well as look at some survey data about third-party cookie doomsday. Tune in to the discussion with eMarketer senior forecasting analyst at Insider Intelligence Eric Haggstrom.
Verizon's exit plan: The telecom giant confirmed this week that it will be selling Verizon Media to a private equity firm for $5 billion. The buyer is planning to focus on a combination of content, commerce, and betting to drive growth.