Welcome to my new weekly fintech-focused column. 💃🏽
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Mary Ann Azevedo
@bayareawriter
Sr. Reporter . Co-host, . Fintech enthusiast. Believer in the power of kindness. Wife, mom of 2. DM for Signal. maryann@techcrunch.com.
Mary Ann Azevedo’s Tweets
Robinhood CEO Vlad Tenev took responsibility for the company's over-hiring in 2021 and subsequent mass layoffs - two so far in 2022. Do you view this as a rare display of humility, or something else? And if so what??
When you make a selection it cannot be changed
Display of humility
Something else
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NEW w/ : Robinhood cuts 23% of staff, 3 months after a 9% reduction. In a blog confirming the workforce reduction, CEO and co-founder Vlad Tenev wrote:“...I approved and took responsibility for our ambitious staffing trajectory – this is on me.”
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.'s latest fintech piece looks at a startup called Previ which connects users who want cashback deals and ease of payment with partners that want a cheaper way to acquire customers. Ashton Kutcher's ('s) co-led its round.
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Grab your passes to attend #Disrupt2022 and save up to $1300 with Early Bird Pricing! 🐥 Don't leave money on the table by waiting too late!
Buy your tickets now before prices rise on Friday! 👇
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Embarrassing stories that keep you up at night? startup edition
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.-backed / has raised $10M in a Series A round led by to grow its digital real estate brokerage. Startup says it ended 2021 with “more than $100M in sold properties."
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Mudafy raises $10M in Founders Fund-led Series A to fix LatAm's 'broken' real estate process tcrn.ch/3vyzqUu by via
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For years, Opendoor has made quick offers on homes, with enthusiastic claims that sellers would make thousands of dollars more than they would on the open market. But according to the FTC, that wasn’t always true.
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Bottom line is that earlier this year, the sentiment was more of: “Woo hoo — everything is amazing & 2021 was a stellar year in the world of fintech.” Today, it’s more like: “We’re proceeding very, very cautiously — and you should too.” tcrn.ch/3cTsT06 by
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Join us live for Equity Monday at 8:45 PT!
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Pottery Barn debuts 150 pieces of furniture for people with disabilities
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A tale of two surveys: #Fintech VCs change tune on investment landscape
“Seed hasn’t changed that much, but Series A and Series B round sizes have definitely compressed.” -
➡️ techcrunch.com/2022/07/31/fin
#VC #Payments #Lending #Insurtech
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Just took a walk in 99 degrees weather. Not fun. Not fun at all.
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This edition of The Interchange - where I highlight fintech news from the past week (there was a lot of it) - looks at the latest around Apple & BNPL, who's eyeing PayPal and which startup Brex tapped to work with the SMBs it cut off earlier this year.
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Fintech Biz Weekly exclusive:
LendUp is liquidating & appears to have sold its neobank unit to Kinly (fmr First Boulevard)
Some accounts seem to have been closed without notice or refund
& Kinly users are currently blocked from transferring funds
Read: fintechbusinessweekly.substack.com/p/what-happens
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Wordle 406 5/6
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Lemonade closes on #acquisition of #insurtech #Metromile,
promptly #laysoff about 20% of #staff
techcrunch.com/2022/07/29/lem #fintech #insurance #Lemonade #AI
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Mary Ann is back with another fintech survey! spoke to 8 investors to find out what fintech investors are looking for right now
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In Fintech, 2022 Is Becoming The Year Of Layoffs bit.ly/3zFJq0j via
#fintech #startups #Banking #openbanking #API #tech #Payments #innovation
cc: @izzy_elise_
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This weekend's edition of the Interchange is full.of.fintech.news. Don't miss it!
techcrunch.com/newsletters
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Lemonade closes on acquisition of insurtech Metromile, promptly lays off about 20% of its staff tcrn.ch/3JdOQTF by
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Wordle 404 4/6
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We're going live with and at 12 pm PT/ 3pm ET to discuss immigration-related issues. Let us know what questions you have for them 👇
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Recording Equity's Friday episode now! We're talking fintech investment and & the SEC. Deals of the week come from fintech startups , , and Pogo!
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