Brex Raises Again, Shopify Launches Bank Accounts and M&A Ideas for Goldman

May 29, 2020 27 min
Business

In this episode, we’re joined by Lex Sokolin to talk through a few recent events that are indicative of the fintech world right now.

Brex raised an additional $150 million at a slightly improved valuation vs. its last round just as Monzo is reportedly looking at a 40% down round. Why?

Shopify launched bank accounts for its merchants and a consumer app that’s effectively an Amazon competitor plus Klarna-like functionality. At the same time, as it worked with Facebook to support the launch of Facebook Shops and joined the Libra Association. Lots going on.

Lastly, Lex explains why Goldman’s M&A activity over the past couple years leads to the natural conclusion that they should buy Schwab.

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