FTX x BlockFi, NerdWallet x Barrelhead, Volt Shuts Down, From Resignation to Reshuffle?

Innovation Copilots looks into Revelio Labs data (chart above), showing a significant talent flow from big techs and banks to fintech companies. A lack of remote working policies, negative brand association with big techs and the slow death of traditional banks are among the possible keys. It would be interesting to revisit this data in a couple of months to see how the current market unrest will affect these flows.

With a recession possibly on the horizon, investors are writing fewer — and smaller — checks for fintech companies. And they’re getting much more selective.

Volt Bank Ltd, the first exclusively online bank to gain an Australian banking licence, said on Tuesday it would shut down, returning deposits and selling its mortgage book after failing to raise sufficient funds to support the business.

Financial tech company Stake raises 12 million to build its platform and suite of solutions for renters and property owners.

NerdWallet, Inc. (Nasdaq: NRDS) is to acquire On the Barrelhead, Inc., a Durango, CO-based data-driven platform that provides consumers and SMBs with credit-driven product recommendations to help improve their financial lives

Crypto giant FTX is close to finalizing a term sheet to buy BlockFi, sources familiar with the situation told CNBC.

Volt leaves the ecosystem with a legacy of what it looks like to do something really really well from a technology perspective.

Conversion Capital plans to back 25 to 30 fintech companies out of its latest fund, reserving at least 30% for follow-on investments.

“As Nutmeg reports a 28 per cent increase in losses after tax, up to £19.3mn in 2021, it feels like a good time to reflect on this question that hangs over the automated advice and scale/start-up sectors.” - Jonathan Warren on the FT Adviser.

The usual suspects of interoperability and utility were on the slate as talking points.

The CEO of £3.9 billion ($4.8 billion) fintech firm Wise is being investigated by U.K. regulators after tax authorities found he failed to pay a tax bill worth over £720,000.