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- 🔥 Is the FDIC Killing Crypto?
🔥 Is the FDIC Killing Crypto?
Plus, Finmo’s $18.5M raise to disrupt global payments.
Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
🔹 Crypto vs. FDIC: Is the government shutting out crypto?
🔹 Finmo’s $18.5M Bet: Can they dominate global payments?
🔹 Fintech Reactions: Experts weigh in on banking & innovation.
🔹 Upcoming Events: Key fintech conferences to watch.
Crypto supporters, former President Trump, and top GOP leaders are calling out the FDIC for allegedly shutting out crypto-friendly banks.
🚨 Breaking News
Republicans and crypto backers accuse the FDIC of unfairly cutting off banking services to crypto firms, labeling it “debanking.” The FDIC denies bias.
⚡ Wire Simplified
Crypto firms claim the FDIC is making it harder for them to access banks.
GOP leaders, including Trump, say this is an attack on financial freedom.
FDIC says it’s just enforcing regulations, not targeting crypto.
Crypto supporters argue that traditional banks fear competition.
The debate is heating up as the 2025 elections approach.
✔️ Straight to the Point
Crypto vs. regulators – same fight, new round. The GOP and Trump are all in, but the FDIC insists it’s just doing its job.
❓ Should crypto companies get the same banking access as traditional businesses? |
Singapore-based fintech startup Finmo just secured $18.5M in a Series A round, backed by Quona Capital and PayPal Ventures.
🚨 Breaking News
Finmo plans to use the funding to expand its fintech platform, making cross-border payments easier for businesses worldwide.
⚡ Wire Simplified
Finmo helps businesses send and receive payments across borders.
Quona Capital and PayPal Ventures led the funding round.
The company plans to expand to new markets with this cash boost.
Cross-border transactions are a $156 trillion market—Finmo wants a bigger slice.
More fintech startups are entering this space, but Finmo says it has an edge.
✔️ Straight to the Point
Finmo is scaling up with fresh funds to simplify global payments. The fintech race is on, and competition is fierce.
❓ Will Finmo become a major player in global fintech? |
The venture deal that always blows my mind and has to be one of the best in history.
Hubspot Series A.
“In 2007, we did our Series A, it was a $5M round on a $6M pre-money valuation." @bhalligan
Hubspot has a market cap of $41.9BN today.
The first societal change we will experience as we get closer to AGI is
THE THREE DAY WEEKEND
You won’t need to work 5 days a week when AI can make you 10x more productive! 4 days will be plenty
ETA - 12-18 months
Asia FinTech Conference 2025
A regional conference focusing on the adoption of FinTech solutions in Asia, including financial inclusion and blockchain technologies.
Date: May 2025 | Location: Jakarta, Indonesia
Book your seat here
APAC FinTech Forum 2025
This event dives into the FinTech ecosystem in the Asia-Pacific region, covering trends, regulations, and innovations.
Date: August 2025 | Location: Sydney, Australia
Book your seat here
What do you think about today’s edition? |
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