The SEC investigates Coinbase over securities; & more!

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NEWS HIGHLIGHT

• SEC investigates Coinbase over securities. The SEC has stepped up scrutiny of the issue since Coinbase began ramping up the number of tokens on its platform, says Bloomberg, citing several sources. The investigation predates an insider trading tipping case involving a former Coinbase product manager which saw charges brought last week. Link here.

FINTECH NEWS

#unicorn

• The first female founder of a "unicorn" in Mexico, Marlene Garayzar, Co-Founder of Stori, tells about how she got into the fintech world, the importance she gives to profitability, and what sets them apart from the competition. Link here.

#fintechinnovation

• GoCardless launches Variable Recurring Payments as start-up Pillar chooses its offering to make credit scoring borderless and inclusive. This means GoCardless’ ‘Instant Bank Pay’ feature will now support one-off and recurring transactions through open banking. Link here.

#partnerships

• Embedded finance startup Monite partnered with Codat, to make it faster and easier to integrate accounts payable and accounts receivable capabilities into existing apps. Link here.


• Cardless is partnering with American Express to launch credit cards on the New York-based card company’s network, the two companies said Monday. Link here.


• PayMongo expands BNPL services with Atome partnership. Online payment processing platform Paymongo taps Atome Philippines to expand its reach of Buy Now Pay Later services. Link here.