Another 2008? - Issue #407

According to Paul Krugman and Joe Biden, we’re not witnessing the beginning of a new 2008. But we can’t avoid noticing some similarities.

March 14, 2023

The collapse of the Silicon Valley Bank, along with the challenges faced by other banking institutions, are upsetting investors and savers. The domino effect that is hitting financial institutions and economies across the world seems to have no end after the collapse of FTX – and regulators were already more severe after the collapse of the exchange. Are they acting correctly to protect people and businesses? And what about the effects that all this will have on people around the world and on different economies? This number of FinTech Weekly covers all this, but we want to give you all the information you need, so we will go on covering the topic and its consequences. Stay tuned if you want to understand what’s going on!

Here is a sneak peak of our issue this week:

• Nubank raises $400m as it eyes Mexico expansion: The recent funding round of Brazilian fintech company Nubank, which raised $400m to support its expansion plans in Mexico.
• Stripe acquires Nigerian fintech startup Paystack for $200m: why stripe acquired Paystack for $200m.
• Revolut launches Open Banking feature in Ireland: Read how the feature will allow Revolut's Irish customers to connect their bank accounts with other financial institutions and manage all their finances in one place.

In addition to these news articles, Fintech Weekly also features fresh Job Postings, which includes a variety of job opportunities in the fintech industry. The section includes listings for positions such as software engineers, data analysts, product managers, and more.

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Your Fintech Weekly Team,

Daniela, Rosalia, Mathias and Jan