WhatsApp Payments Halted in Brazil, Checkout.com is Worth $5.5 Billion, Wirecard Misplaces $2 Billion

June 26, 2020 31 min

Today, we’re joined by Lex Sokolin to talk through a few recent events that are indicative of what’s important in fintech right now.

WhatsApp launches payments in Brazil and is unceremoniously shut down by the central bank a week later, MasterCard buys Finicity to protect itself against Visa’s recent acquisition of Plaid, Checkout.com continues its largely silent meteoric rise in payments, Softbank-backed, DAX 30 index component Wirecard “loses” $2 billion from its balance sheet and files for insolvency, Upgrade raises $40 million at a $1 billion valuation to extend its personal credit offering.

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