How inequality may worsen stagflation

How inequality may worsen stagflation

Although job growth accelerated in July, the Census Bureau reported that 12% of households were facing food insecurity, up from 10% at the beginning of 2022. The wealthiest 40% of households represent 60% of economic spending, while the poorest 40% represent 22% of spending.

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Did SoFi’s scattered acquisition strategy pay off?

Did SoFi’s scattered acquisition strategy pay off?

Shares in SoFi surged 8% on Tuesday after the personal-finance giant shared news of “durable growth and profitability.” Revenue rose from $231M to $362M, while analysts had expected $344M.

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Overhauling mortgage-backed securities with Infima

Overhauling mortgage-backed securities with Infima

In an interview with The Financial Revolutionist, Infima CEO Hendrik Bartel outlines his path to Infima, shares details of the company’s Seed round, peeks at the startup’s roadmap, and encourages a modest approach to startup leadership.

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PayPal eyes Venmo as path to profitability

PayPal eyes Venmo as path to profitability

During the company’s earnings call, PayPal CEO Dan Schulman told analysts that the company might combine its rewards program with Venmo’s, and may link Venmo and PayPal peer-to-peer (P2P) payments capabilities to boost interoperability. PayPal’s revenue rose 9% in Q2 compared to last year.

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Balancing globalization and compliance with Episode Six

Balancing globalization and compliance with Episode Six

After interviewing the Episode Six founding team in 2020, The Financial Revolutionist sat down with CEO John Mitchell, revisiting Episode Six’s strategies and predictions for the future. Mitchell outlines the company’s steady course, shares the vision behind their business model, and hints at the future of hybridized, digital payments ecosystems.

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Meta eyes Instagram payments as gateway to metaverse

Meta eyes Instagram payments as gateway to metaverse

Meta, the parent company to Facebook and Instagram, announced the launch of its cross-platform payments system, Meta Pay, on Instagram. Meta said that 1 billion users message a business on one of its apps every week.

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Are we seeing the rise of subscription-driven healthcare?

Are we seeing the rise of subscription-driven healthcare?

Amazon announced that it’s acquiring 1LifeHealthcare Inc., the parent company of primary-care network One Medical, for $3.9B. The health practice has 180 offices and offers benefits to employees at more than 8,000 companies.

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How fintechs can leverage outsourced customer support for more than cost savings

How fintechs can leverage outsourced customer support for more than cost savings

In an interview with The Financial Revolutionist, Ubiquity COO and Co-Founder Sagar Rajgopal describes the bidirectional benefits of outsourcing, provides examples of the insights customer-experience experts can offer fintechs, and outlines the future of outsourcing in the face of volatility.

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With interest rates on the rise, some fintechs offer smoke and mirrors

With interest rates on the rise, some fintechs offer smoke and mirrors

Over the past twelve months, the average interest rate for a savings account has risen from .06% to .1%. Fintechs like Save and Fair are offering “alternative” savings accounts with supposed annual yields around 4%.

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How the EU might shake up the tech sector

How the EU might shake up the tech sector

The European Union General Court ruled that Brussels has the authority to regulate the merger between US biotech groups Illumina and Grail. Grail has no commercial presence in Europe and its operations are primarily in the US.

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Building a financial ecosystem for SMBs with ForwardAI

Building a financial ecosystem for SMBs with ForwardAI

In an interview with The Financial Revolutionist, Co-Founder and CEO of ForwardAI Nick Chandi outlines the market need ForwardAI addresses, describes the competitive dynamic between accounting platforms and banks, and envisions the future of SMB financial advisory services.

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Fundraising is falling, but VCs have more money than ever

Fundraising is falling, but VCs have more money than ever

According to a report by CB Insights, global startup funding fell by 23% in Q2 2022 from Q1, including by 25% in the US. However, US-based VCs raised a record-breaking $73.8B in Q1.

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Inflation may be a windfall for rent-payment startups

Inflation may be a windfall for rent-payment startups

Rental fintechs have reported increased demand for their services, including cashback on rent payments or discounted rent, due to rising rental prices and inflation. Rent has increased by 11.6% over the past year, according to Harvard University’s Joint Center for Housing Studies.

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Are we still experiencing inflation?

Are we still experiencing inflation?

Economist and New York Times columnist Paul Krugman argued that the US economy has exited an inflationary period. Citing the Federal Reserve’s economic data, Krugman said inflation has sharply decreased since March 2022.

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Loyalty can be a currency, too, with Engage People

Loyalty can be a currency, too, with Engage People

To Len Covello, Co-Founder and CTO of Engage People, a Toronto-based loyalty network that connects loyalty programs with payment systems and retailers to let consumers pay with points at checkout, the future of payments leverages a fully-backed digital currency: the rewards point.

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