Special purpose acquisition company (SPAC) Spinnaker Acquisitions completed a reverse merger with LeakBot, UK based B2B Insurtech, to create Ondo InsurTech. This new entity will be the first Insurtech to go public in Britain. Ondo brought in about $4.5 million from investors, grossing a market capitalization of about $10.8 million. It will use the fresh…
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Here is our pick of the 3 most important Stablecoin news stories during the week. Here comes the grand old lady of stablecoins! But first some pain from the exciting new world of innovation. A stablecoin on the Solana blockchain has been exploited for around $52.8 million and lost practically all of its value. Cashio Dollar…
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Way back in 2014 (when Daily Fintech was born, Bitcoin was in a bear market (priced around $500) and the last time Putin ordered an invasion of Ukraine) I wrote My explorations down the Bitcoin rabbit hole. Although this is old analysis it is still relevant today and other people who are on the same…
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Shoppers have flocked to BNPL (Buy Now Pay Later) over the last couple of years as online shopping has surged amid the pandemic. While the idea is not particularly new, its rise in popularity among financial institutions, merchants, and consumers has been phenomenal. In fact, nearly half of all US consumers have made a purchase…
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This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives. Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder & CEO at Kryptonio a “keyless” non-custodial bitcoin and cryptocurrency wallet, that lets users manage bitcoin and crypto, without private keys or passwords and Weekly Columnist at Daily Fintech) @iliashatzis…
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Alt Finance: Sex for loans. Not really Fintech is it? The UK’s Centre for Social Justice a centre-right think tank has published a paper suggesting that approximately 2.4% of the population or 1.08 million people had admitted to borrowing money from “ someone locally who charged interest” outside of the regulated finance sector and nearly…
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Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 SEC accepts 2022 GAAP financial reporting taxonomy … The Financial Accounting Standards Board (FASB) today announced that the U.S. Securities and Exchange Commission (SEC) has accepted the 2022 GAAP Financial Reporting…
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Insurance business models are beset with high operating costs, opaqueness and information asymmetry. With the advent of Web3, smart contracts, and decentralized autonomous organizations (DAOs), newer ways of transferring risk are coming to market. The use of blockchain technology within insurance is proving to reduce costs and improve end-user experience. This final part, a continuation…
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Here is our pick of the 3 most important Stablecoin news stories during the week. No currency is an island! Unlike in Roman times, without interchangeability or exchange a currency looses a lot of its value or utility. The BIS pushed on this theme with Project Dunbar that this week supposedly proved that financial institutions could…
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CAC/LTV can be used to do comparables analysis across both bank incumbents and Fintech upstarts. A business with low CAC and high LTV should be worth a lot and vice versa, regardless of the label. CAC/LTV = Customer Acquisition Cost/Life Time Value. CAC/LTV can be used to do comparables analysis across both bank incumbents and…
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