Daily Fintech Rundown (07/01) – Featuring PicPay, Kontigo (YC S24) & Morgan Stanley First, Brazil’s digital bank PicPay has officially filed for a US IPO, according to Reuters. In its filing, PicPay reported a sharp jump in nine month revenue. The company is backed by J&F Investments and serves more than 60 million users across payments, lending, and financial services. This marks PicPay’s second attempt to go public in the US after shelving IPO plans in 2021 during weaker market conditions. Next, banking startup Kontigo says it will reimburse more than 1,000 customers following a hack. The incident affected around three hundred forty thousand dollars worth of customer stablecoins, according to an X post flagged by Bloomberg. Kontigo says customer funds will be fully covered. And finally, Morgan Stanley is seeking regulatory approval to launch cryptocurrency ETFs. According to filings with the SEC, the bank plans to offer ETFs tied to the price of bitcoin and solana, signaling a deeper push into crypto exposure for traditional investors. That’s your fintech rundown for today. Stay tuned for more updates. #fintech bankingg #crypto
@samboboev Daily Fintech Rundown (07/01) – Featuring PicPay, Kontigo (YC S24) & Morgan Stanley First, Brazil’s digital bank PicPay has officially filed for a US IPO, according to Reuters. In its filing, PicPay reported a sharp jump in nine month revenue. The company is backed by J&F Investments and serves more than 60 million users across payments, lending, and financial services. This marks PicPay’s second attempt to go public in the US after shelving IPO plans in 2021 during weaker market conditions. Next, banking startup Kontigo says it will reimburse more than 1,000 customers following a hack. The incident affected around three hundred forty thousand dollars worth of customer stablecoins, according to an X post flagged by Bloomberg. Kontigo says customer funds will be fully covered. And finally, Morgan Stanley is seeking regulatory approval to launch cryptocurrency ETFs. According to filings with the SEC, the bank plans to offer ETFs tied to the price of bitcoin and solana, signaling a deeper push into crypto exposure for traditional investors. That’s your fintech rundown for today. Stay tuned for more updates. #fintech bankingg #crypto
