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Welcome to another episode of our Daily Fintech Podcast.
THE NEWS HIGHLIGHT OF THE DAY IS
Starling Bank bags £130.5m from existing investors to build a "war chest" for acquisitions. The £130.5m fundraise gives Starling a pre-money valuation of more than £2.5bn
JUST IN:
Robinhood is cutting back staffing levels, citing “duplicate roles and job functions” after rapid expansion last year. CEO Vlad Tenev made the announcement in a blog post on Tuesday afternoon. Shares fell more than 5% in extended trading.
ALSO:
Apple Cash, formerly known as Apple Pay Cash, may be transitioning from the Discover payments network to Visa, a new report from MacRumors.com suggests.
FURTHERMORE,
Alif Bank is looking to tap Pakistan’s fintech space to cater to Pakistan’s large ‘unbanked’ population, said Mahmood Shamsher Ali, Country Representative Alif Capital Holdings
WHAT ABOUT CRYPTO?
Fidelity Investments, the USA's largest provider of 401(k) plans, said on Tuesday that it would enable its participants to put a slice of their retirement money into Bitcoin — if their employers are willing to allow it.