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Oscar Health raises $400m from Fidelity

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Institutional investors are quickly closing the spigot...but not before Fidelity (which wrote down ma
 
February 28 · Issue #21 · View online
Tearsheet Weekly Newsletter
Institutional investors are quickly closing the spigot…but not before Fidelity (which wrote down many of its private investments at the end of 2015) got in $400m to Oscar Health. If there’s less new money coming in, that means everyone’s going to have to live a little less high-on-the-hog. That means more partnering with incumbent financial institutions, potential M&A, the drive to profits, and some big flameouts. 
– Zack Miller, Tradestreaming
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The Incumbents
One place J.P. Morgan is boosting spending: fintech
NextCapital and Pershing announce retail digital advice for large institutions
United Capital acquires gamified financial planning tool, FlexScore
25 credit unions commit to Fiserv's CUnify project
Stock exchanges in motion
London Stock Exchange in merger talks with Deutsche Börse
Euronext trades first crowdfunded securities
The Startups: Who's shaking things up
How Qapital uses IFTTT to integrate its savings app into hundreds of apps
Kensho analysis in action
Kensho is powering the automation robots on Wall Street, eliminating jobs in its wake
The bank that fintech built: Number26 and TransferWise team up
Robinhood ditches 3-day wait, fronts new users $1k to buy stocks
As marijuana sales grow, startups step in for wary banks
Top economist, Dan Ariely joins insurance startup, Lemonade
Tougher times for Chinese p2p sector
Startups raising/Investors investing
Oscar Health raises $400m, said to be valued at $2.7b in Fidelity-led round
Australia's MoneyMe taps $30m from family fund
RealtyShares raises $20m for its real estate investment marketplace
Canadian marketplace lender, Borrowell pockets $6.4m investment
Merchant payment solution, Spreedly secures $3m
Ex–Citi boss Vikram Pandit turns active fintech investor
Seven keys to understanding Propel and BBVA fintech investment
Tools of the trade
How APIs help the financial industry keep up with Apple
Robots reading trader chats to stop next wave of bank fines
IBM and Microsoft will let you roll your own blockchain
Marketing, data, and user behavior
Oops, Vanguard sent 71 account emails to wrong investor
Why some startups are choosing to partner with banks, not disrupt them
Debt of older Americans surges: New York Fed
Why there's more hype than reality around p2p insurance
Should roboadvisors be regulated like investment companies?
There is a new category of super-rich, and JPMorgan wants their money
New financial products
How Curve is changing the nature of physical credit cards
Jon Steinberg launches 'CNBC for Millennials', Cheddar
New ETFs will try to profit from millennials
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