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Announcing the complete Disrupt Berlin agenda!

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Disrupt Berlin is right around the corner. And there is plenty to look forward to.

Join us December 11 and December 12 to hear from industry leaders, investors and bright stars in the startup world. We’ll sit down with CEOs from big-name companies such as UIPath, Samsung, and Naspers, as well as leading investors from Atomico, SoftBank and Index.

On the Extra Crunch stage, panelists will discuss important trends in the startup world, and deliver actionable insights to founders looking to scale their business, from product management to raising money to building a brand.

And, of course, we can never forget the legendary Startup Battlefield competition, where companies pitch their startups onstage for the first time in front of a panel of expert judges. Only one walks away victorious, with USD$50,000, the Disrupt Cup and eternal glory.

We can’t wait to see you there! Tickets are available right here!

Wednesday, December 11

Morning


Creating a Global Payment Network with Hiroki Takeuchi (GoCardless)

GoCardless has a shot at becoming a global leader when it comes to payments via direct debit. And now, all eyes are on the company’s next challenge — becoming the best way to collect recurring payments, globally. The startup’s CEO will join us to talk about how GoCardless plans to replace cash, cheques and even card payments at a global scale. Main Stage @ 10:05AM

How to Build Sustainability as a Business with Benjamina Bollag (Higher Steaks) and Pierre Paslier (Notpla) 

As climate change and the impacts of a warming world become more important for the consumers who are exposed to it, hear from a developer of lab grown meat and a biodegradable packaging technology developer on how to build sustainability as a business. Extra Crunch Stage @ 10:05AM

How Station F is Boosting the French Tech Ecosystem with Roxanne Varza (Station F)

Three years after unveiling Station F at Disrupt, its Director Roxanne Varza is back to give us an update on the world’s biggest startup campus. Station F has become a cornerstone of the French tech ecosystem and a signal for the international tech community. There are now 1,000 startups working from Station F in Paris. Station F’s director will join us to talk about what’s next for Station F and the French tech ecosystem. Main Stage @ 10:25AM

What Does It Take to Raise a Series A with Jessica Holzbach (Penta), Lousie Dahlborn Samet (Blossom Capital) and Hannah Seal (Index Ventures)

Venture capital funds have boomed this decade, but raising money is still hard for young companies. What are investors today looking for in teams, metrics and products? Extra Crunch Stage @ 10:45AM

Fireside Chat with Atomico with Sophia Bendz, Siraj Khaliq, Hiro Tamura and Niall Wass (Atomico)

From a single London base a few years ago, Atomico has now spread to the US and Asia. Hear from key partners about this global VC’s strategy going forward. Main Stage @10:45AM

Startup Battlefield Competition – Session 1 

TechCrunch’s iconic startup competition is back, as entrepreneurs from around the world pitch expert judges and vie for the Battlefield Cup and $50,000. Main Stage @ 11:15AM

The Top Three Immigration Mistakes Startups Make with Sophie Alcorn (Alcorn Immigration Law)

Learn how to troubleshoot the many snags that can affect startups trying to bring international talent into their organizations, with top Silicon Valley immigration expert Sophie Alcorn. Extra Crunch Stage  @ 11:25AM

How to Iterate Your Product with Andrew Bowell (Unity) and Georgina Smallwood (N26

Building something that’s used by millions is an exhilarating feat, but the real challenge is understanding how to iterate your product so that it can scale to a bigger audience with a bigger impact. We’ve assembled the product chiefs from some of the most influential tech companies in the world to dive into the details of what every product manager and product chief needs to know. Extra Crunch Stage  @ 11:45AM

Afternoon


Startup Battlefield Competition – Session 2 

TechCrunch’s iconic startup competition is back, as entrepreneurs from around the world pitch expert judges and vie for the Battlefield Cup and $50,000. Main Stage @ 1:15PM

Lessons Learned from Serial Founders with Zoe Adamovicz (Neufund), Thibaud Elziere (eFounders) and Christian Reber (Pitch

What would you do differently if you were crazy enough to start another company? Hear what these leaders learned from the first time(s) around — and why they’re back at it again. Extra Crunch Stage @ 1:20PM

How to Build for the Virtual Economy with Paul Murphy (Northzone

Gaming platforms ranging from Second Life and Eve Online to Fortnite and Roblox offer virtual worlds where our avatars can create and trade virtual goods like digital clothing, weapons, vehicles, and buildings with other players for real-world value. With rapidly growing mainstream participation in these virtual economies and announcements of new worlds in development like Facebook’s Horizon, where are there biggest opportunities for entrepreneurs? Extra Crunch Stage @ 2:00PM

Investing and Operating in Growth Markets with Michal Borkowski (Brainly) and Bob van Dijk (Prosus and Naspers)

Naspers’ tech holdings Prosus became Europe’s largest consumer internet company when it listed earlier this year on Euronext in Amsterdam. Its interests include food delivery, payments and fintech, classifieds, travel, retail, media, social platforms — not to mention a huge stake in Tencent. It also has a dedicated and very active ventures team. Come hear from one of its portfolio companies, the ed-tech startup Brainly, whose CEO will be on stage with Prosus CEO Bob van Dijk talking about how to scale a startup, the challenges of knowing when to hold and when to fold, and more. Main Stage @ 2:15PM

How to Scale Your Startup Globally with Sophie Alcorn (Alcorn Immigration Law), Karoli Hindriks (Jobbatical), Holger Seim (Blinkist)

Global expansion is critical to building the next unicorn, but what’s the right approach to maximize growth with limited resources? Join Holger Seim, founder and CEO of audio startup Blinkist, Karoli Hindriks, founder and CEO of Jobbatical, and prominent Silicon Valley immigration attorney Sophie Alcorn as we discuss the opportunities – and pitfalls – of expanding outside your local market. Extra Crunch Stage @ 2:25PM

Fireside Chat with Sebastian Siemiatkowski (Klarna)

Klarna was once a small Stockholm-based outfit looking to offer payment services for online shops. Today, it’s tackling physical stores and looking to storm the U.S. It has plenty of support, including that of early investor Sequoia Capital. In fact, it has amassed more funding and a higher valuation than almost any other privately held company in the world. Can it live up to expectations?  We’ll talk with co-founder and CEO Sebastian Siemiatkowski about the company’s ride so far, and where it goes next in this must-see sit-down. Main Stage @ 2:40PM

AI Chips with Everything? — Nigel Toon (Graphcore)

In this fireside chat with Nigel Toon, founder of Graphcore, we’ll discuss the race between chip giants and startups to build AI chips, how next-gen chipsets are pushing the boundaries of software innovation, and what happens once AI chips are everywhere. Main Stage @ 3:00PM

How To Win Customers and Influence Markets with Colette Ballou (Ballou PR), Joanna Kirk, (Joanna Kirk PR) and Katy Turner (Multiple

Every startup is a story and the best stories can change the world. Some of Europe’s finest alchemists of allusion will share their tips on how to be a signal in a world of noise. Extra Crunch Stage @ 3:05PM

Are We There Yet? Inside the Tech that Will Help AVs be Better Chauffeurs with Clare Jones (What3Words) and Eran Shir (Nexar)

Clare Jones, chief commercial officer of what3words, and Eran Shir, CEO of Nexar will talk about the role of mapping and geolocation in autonomous vehicles and how this tech is already rolling out in human driven cars. Main Stage @ 3:20PM

Will We Pay For Social Media? with Hovhannes Avoyan (PicsArt)

PicsArt has reached 120 million users for its photo editor by asking people to pay for its creative tools. We’ll talk to CEO Hovhannes Avoyan about why free isn’t always the answer and how top social networks will embrace subscription pricing. Main Stage @ 3:45PM

How to Brexit as a Startup with Volker Hirsh (Amadeus Capital Partners), Bindi Karia (bindi ventures) and Glenn Shoosmith (JRNI)

The turbulence of Brexit has left both UK and European startups alike wondering about the best path forward. Hear from from both the investor and entrepreneur perspective on how best to deal with this thorny subject. Extra Crunch Stage @ 4:05PM

Opening Up VC with Matt Penneycard and Francesca Warner (Ada Ventures)

VC has been historically bad at backing under-represented founders. ‘Old boys networks’ and unconscious biases abound. VC needs a systemic change. Check Warner and Matt Penneycard of Ada Ventures have previously pioneered industry initiatives to address this and will discuss what new techniques VCs can use to support overlooked founders. Main Stage @ 4:05PM

Startup Battlefield Competition – Session 3 

TechCrunch’s iconic startup competition is back, as entrepreneurs from around the world pitch expert judges and vie for the Battlefield Cup and $50,000. Main Stage @ 4:25PM

Pitch Deck Teardown with Russ Heddleston (DocSend), Karen Stafford (Intel Capital), and Sitar Teli (Connect Ventures)

Talk through the nuts and bolts of what makes a great deck (or not) with investors Sitar Teli and Karen Stafford, plus insights from DocSend’s Russ Heddleston, as they go through submitted pitches live on stage. Extra Crunch Stage @ 4:45PM

Thursday, December 12

Morning


Delivery-as-a-service with Oscar Pierre (Glovo) and Charity Stafford (Uber Eats)

On this panel we’ll sit down with Oscar Pierre, CEO of Glovo, and Charity Safford of UberEats to talk ops and logistics of scaling on-demand delivery, plus delve into what the model means for suppliers and partners, and consider regulatory headwinds. Main Stage @ 9:30AM

How to Build a Billion Dollar SaaS Company with Christoph Janz (Point Nine Capital), Matthew Prince (Cloudflare) and Laura Urquizu (Red Points

Scaling a SaaS company is anything but easy. In this session, we’ll talk about everything from how (and when) to charge for your product, when to make crucial hires, how to sell into the enterprise and when it’s time to consider an exit.Extra Crunch Stage @ 9:50AM

Scaling Ethereum and Beyond with Justin Drake (Ethereum Foundation)

The Ethereum vision has always been to create a world computer. But its scalability remains an issue. Ethereum Researcher Justin Drake will discuss the road ahead. Main Stage @ 9:55AM

Unnatural Language Processing with Emily Foges (Luminance) and Sofie Quidenus-Wahlforss (omni:us)

Legal contracts and insurance policies can be difficult even for experts to decipher – hear how the founders of Luminance and omni:us are using AI to take on jargon and save everyone some time. Main Stage @ 10:15AM

How to Raise Your First Euros with Nic Brisbourne (Forward Partners), Russ Heddleston (DocSend), and Malin Holmberg (Target Global)

The process of securing your very first check isn’t an easy one. To make it a little bit easier, we’ve invited DocSend founder Russ Heddleston, Forward Partners managing partner Nic Brisbourne, and Target Global partner Malin Holmberg to the stage to offer their best tips and tricks to aspiring or current founders. Extra Crunch Stage @ 10:30AM

Investing in 2020 with Carolina Brochado (SoftBank Investment Advisors

Nothing changes quite as rapidly as investment trends. Brochado will offer perspective from her experience both on the ground in Europe and from 50,000 feet to talk about what 2020 has in store for startups. Main Stage @ 10:40AM

Succeeding in the Streaming Era with Efe Cakarel (MUBI)

MUBI has been in the streaming business since before Netflix, and has successfully built a service that caters to specific needs in a useful, novel way. The company’s CEO will join us to talk about the maturation of the streaming market, and what it takes to build a lasting business in an increasingly crowded space. Main Stage @ 11:05AM

The New New Shop with Maria Raga (Depop)

As shopping has moved from the web to apps, Depop has caught the Gen Z wave. We’ll hear from the CEO who is nurturing this “eBay for the 21st Century.” Main Stage @ 11:25AM

Oh the Places You’ll Go! Disrupting Travel with Johannes Reck (GetYourGuide)

Travel is perhaps the last bastion of the on-demand economy to be colonised. GetYourGuide founder Reck will unpack how, after raising a total of $654.5 million, he plans to expand across the globe. Main Stage @ 11:45AM

Afternoon


How to Fit Blockchain into Your Startup Strategy with Justin Drake (Ethereum Foundation), Ash Egan (Accomplice VC) and Ashley Tyson (Web3 Foundation)

Chances are, you keep hearing about this ‘blockchain’ thing all the time — and maybe you’re ignoring it but deep down, you know you should probably think about how it could help your startup. To help you with that and maybe demystify blockchain a bit, too, we’ll be joined by three panelists who all have deep roots in the blockchain community: Ethereum Foundation Researcher Justin Drake, Accomplice VC’s Ash Egan and Web3 Foundation Co-founder and Director of Partnerships and Strategic Initiatives Ashley Tyson. Extra Crunch Stage @ 12:55PM

Investing in Africa’s Tech Talent with Jeremy Johnson (Andela) and Lila Preston (Generation Investment Management

Generation Investment Management, the firm co-founded by former U.S Vice President Al Gore, was built on the premise of backing sustainable startups. The fund’s lead Lila Preston brings their portfolio company Andela to discuss how they have harnessed the booming talent in Africa to solve global outsourcing issues and what’s next in building sustainable companies. Main Stage @ 1:00PM

Mobilizing Emerging Markets with Sujay Tyle (Frontier Car Group)

As the mobility industry evolves rapidly, a huge opportunity lies in emerging markets. Sujay Tyle, serial entrepreneur and founder and CEO of Frontier Car Group, is looking to capitalize on that opportunity with its investments in used-car marketplaces. Main Stage @ 1:25PM

Startup Battlefield Alumni Updates

Battlefield startups from the past return to the stage to tell us what they’ve been up to since they competed for the Disrupt Cup. Main Stage @ 1:45PM

Startup Battlefield Final Competition

TechCrunch’s iconic startup competition is back, as entrepreneurs from around the world pitch expert judges and vie for the Battlefield Cup and $50,000. Main Stage @ 2:00PM

Growth Marketing with Asher King Abramson (Demand Curve

Learn about the right ways and wrong ways to create great assets for paid channels, landing pages and more in this teardown workshop with Asher King Abramson, a top growth marketer who works with hundreds of successful startups. Submit your landing page and ads beforehand for a chance to receive feedback live on stage. Extra Crunch Stage @ 2:05PM

How to Radically Change Finance Through Fintech Startups with Yoni Assia (eToro) and Charlie Delingpole (ComplyAdvantage)

Few areas of investment have been as white hot as fintech these past few years, but how can startups radically transform the finance industry both for financial institutions but also for consumers? Join Charlie Delingpole, founder and CEO of ComplyAdvantage and Yoni Assia, founder and CEO of eToro, as we discuss how startups can compete in this fast-moving industry. Extra Crunch Stage @ 2:45PM

Democratizing Robots with Daniel Dines (UiPath)

Robotics is a hotbed of investment and activity, but how does the average person access the benefits of automation? UiPath CEO and founder Daniel Dines will explain how we can expand access to the benefits of robotics, for companies and individual workers alike. Main Stage @ 3:15PM

Hackathon Finals 

Everybody loves a Hackathon! Hear from developers about what they built in 24 hours. Extra Crunch Stage @ 3:25PM

TravelTech Opportunities with Andrew Reed (Sequoia Capital) and Julian Stiefel (Tourlane)

Berlin-based Tourlane has raised $81 million for multi-day travel booking. Co-founder Julian Stiefel and his investor Sequoia’s Andrew Reed will discuss what products still need to be built in travel, and how startups can do something unique enough to avoid getting steamrolled by tech giants. Main Stage @ 3:35PM

Igniting Innovation with Young Sohn (Samsung)

As the President and Chief Strategy Officer for Samsung Electronics, Young Sohn oversees critical aspects involving global innovation, investment and business creation. Hear how Sohn views the opportunities for Samsung and startups in the European market. Main Stage @ 4:00PM

From Startup Battlefield to IPO with Matthew Prince (Cloudflare)

In 2010, Cloudflare participated in one of the very first Disrupt Battlefields and a few months ago, the company made its debut on the New York Stock Exchange. In this conversation with co-founder and CEO Matthew Prince, we’ll talk about Cloudflare’s path to an IPO, the unique challenges it faced, and what’s next for the company. Main Stage @ 4:20PM

Startup Battlefield Closing Awards Ceremony

Watch the crowning of the latest winner of Startup Battlefield. Main Stage @ 4:40PM

Tickets to Disrupt Berlin, which runs December 11 and 12, are available right here. Snatch one up for yourself before it’s too late!

Read more: https://techcrunch.com/2019/11/26/announcing-the-complete-disrupt-berlin-agenda/

Blockchain

3 Common Compliance and Regulatory Pitfalls to Watch for in 2020

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Regulations are not going anywhere. On the contrary, financial service providers face more regulatory challenges and higher costs than ever before. During the early days of cryptocurrencies, a “Wild West” culture emerged when regulators, uncertain on how to tackle this thing called blockchain, paid little attention to the thefts, scams and hacks plaguing the virtual-asset market.

Today, this is no longer the case. No matter their roots, every virtual asset project from Telegram to Shapeshift to Libra is ramping up compliance while regulators continue to issue guidance, enforce regulations and pay closer attention to digital securities platforms, crypto exchanges and other virtual-asset service providers, or VASPs, catering to the residents of their respective jurisdictions. Despite this, many organizations in the blockchain space still face a painful combination of misinformation, opaque legislation and willful ignorance when it comes to fulfilling their obligations in each of the markets they serve.

As the demand for digital tech continues to increase, regulatory compliance has become a competitive advantage and key differentiator for successful fintech and digital-asset platforms. In contrast to the Wild West days in the sector, “compliance” is now the new buzzword when promoting fintech services, with headlines like “the compliant _______ platform” plastered across the websites of digital securities, security tokens, ICOs, FX, OTC, brokers and exchanges.

Unfortunately, calling something compliant does not make it so. The very definition of compliance is not only a moving target, it also includes gray areas such as a “risk-based approach,” which can change massively depending on the nature of one’s business activities and client base. Without defined industry standards for guidelines such as Know Your Customer or Anti-Money Laundering, it is easy to see why VASPs — even those with the size and budgets of Coinbase, Binance or Libra — struggle to maintain a compliant business.

To stay ahead, VASPs must have a clear understanding of their regulatory obligations and how this impacts their business viability in any given market. Avoiding the three most common pitfalls of compliance can shorten a company’s time to market, create barriers to entry for competition, and protect its reputation.

Pitfall 1: KYC means verifying users’ identity during onboarding

This is the biggest misconception that plagues most digital securities platforms, exchanges and other virtual asset service providers in the market today. Knowing your customer is not a one-time thing — you are obligated to keep up-to-date, auditable records for each client for the entire time you serve them.

In many jurisdictions, your record-keeping obligations can extend for years after the client ceases to do business with you. In order to build a robust and scalable business, it is important to account and design for KYC refreshes, ongoing AML screening, transaction monitoring and user re-authentication for the entire client lifecycle.

Pitfall 2: Changes to compliance requirements depend on where you are based

Most virtual-asset businesses are subject to a wide range of regulations — data privacy, personal information protection, KYC, AML, securities and derivatives, payments and digital identity. Some regulations, such as the GDPR, apply across European Union members and harmonized jurisdictions. Others, such as payments services, are quite nuanced with complicated, state-by-state regulations for money services and transmitters as well as reporting requirements. In Singapore, payment token businesses have had to close up shop or leave the country as they wait for the ability to legally do business. 

It is important to understand the regulatory obligations in every market where you serve even a single user. For example, holding a license in Estonia or Lithuania may not provide the ability to offer that same service in Germany, the United Kingdom or Canada. While a business can take advantage of “passporting,” using a single financial services license across multiple jurisdictions, it is important to understand where and whether other regulatory variations exist, including how data is collected, processed, maintained and reported.

Pitfall 3: Build it once and we are good to go

While this is theoretically possible in very small markets, in practice, a business’ activities are most likely subject to multiple regulators in each market it serves. New regulations are being rolled out every week, potentially impacting how you process or maintain your users’ personal information, verify their legal identities, screen for risk, perform customer due diligence, or document successful compliance operations.

In order to stay ahead of these challenges, management teams must look at their business through multiple lenses such as that of AML, a VASP or securities law — and that is only within the scope of financial regulation. New trends in one market can quickly become the standard in others. Use of a specific method in one market may become outlawed in others. Innovative firms can often find new opportunities to use regulation for their benefit by closely monitoring the shifting landscape.

Key regulatory shifts in 2020

While not a definitive list, here are some of the key regulatory shifts to watch closely in 2020:

Virtual asset service providers

  • Last year, the FATF published new guidance that included definitions of both virtual assets and virtual asset service providers. Around the world, financial intelligence units such as FinCEN in the United States post local updates of their interpretation of FATF definitions.

Firms will be required to implement and maintain an AML program, even if they are “crypto only” service providers that avoid fiat transactions. These changes will take effect in the majority of FATF member countries over the next twelve months. Most notably, today marks the June 2020 deadline in the United States.

  • The so-called travel rule, also from FATF, has created significant buzz and misinformation throughout the industry. Most importantly, peer-to-peer or wallet-to-wallet transactions are not included — only transactions where funds are transferred on behalf of the end user by a VASP, with various interpretations setting local thresholds such as $1,000 in the U.S.

Similar to the evolution of SWIFT for bank-to-bank transactions, or the FIX protocol for trades between exchanges, compliance with the travel rule is requiring the industry to collaborate on technology, standards and interoperability. A global standard for VASPs will enable new models of open-source, decentralized finance that is compliant by design.

Digital securities

  • Communications: How a VASP markets its products and services or how an issuer markets its token is subject to myriad regulatory requirements. Promising financial returns, spamming potential users or investors, as well as how and where KYC data is stored and processed are all subject to regulation for data protection, consent and disclosure.
  • The U.S.: The example of the recent shutdown of Telegram’s TON clearly demonstrates that, in digital securities, compliance by design not only saves considerable time, money and prevents fines or being added to watchlists — it can also be the main factor keeping a project alive.

Secondary markets

  • In the U.S., Open Finance Network is closing operations largely due to lack of a market. Meanwhile, Nasdaq and Carta are seeking to leverage their massive user bases and established brands to create their own private markets. These trends are repeated in Canada, Europe and Asia — a global race to cracking the holy grail of finance: compliant and automated with multi-jurisdictional liquidity.
  • Globally, new regulations for strong client authentication and transaction monitoring require financial service providers to manage a web of complex tools. Digital onboarding is not KYC, the most common reason we see early-stage fintech firms failing a compliance review is because they do not understand the full scope of what it means to know your customer on a consistent basis. By integrating or consolidating systems for cyber security, anti-fraud, onboarding, KYC, AML, etc., these businesses not only make compliance easier — they are architecting scalability into their business. For private capital markets, the platforms that move beyond the false dichotomy of privacy vs. security and strike a balance between risk management and respecting their user’s privacy, data and assets will own the market.

The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Matthew Unger is founder and CEO of iComply, a global regtech for turn-key digital onboarding, SCA, KYC, AML and data governance compliance. After founding a $42 million wealth management practice, Matthew exited by age 26 and co-founded a wealthtech platform that was later acquired by Planswell in 2015. Matthew has studied blockchain, AI and business strategy at MIT.

Source: https://cointelegraph.com/news/3-common-compliance-and-regulatory-pitfalls-to-watch-for-in-2020

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Blockchain

Starling Bank Scores Another £40 Million from Existing Investors

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Starling Bank, a UK-based challenger bank, has raised £40 million (around $49.2 million) in the latest funding round from its existing investors.

Officially announced on Friday, the round was led by Harry McPike’s JTC and Merian Chrysalis Investment Company Limited, both of which are among the existing backers in the bank.

The Most Diverse Audience to Date at FMLS 2020 – Where Finance Meets Innovation

This adds to a £60 million (almost $73.79 million) round the London-headquartered bank closed in February this year.

The challenger bank is targeting specifically small and medium-sized enterprises (SMEs) and individuals across the UK and Europe.

According to the bank, it has more than 1.4 million current accounts, including 155,000 business accounts, holds a 2.6 percent share of the UK’s SME banking market.

It already has £500 million ($614.95 million) of SME lending on its balance sheet, with further commitments raising the total to almost £1 billion ($1.23 billion).

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Commenting on the massive funding, Anne Boden, founder and chief executive of Starling Bank, said: “This additional funding from our existing investors demonstrates their commitment both to Starling and to our small business and personal customers who need our support now more than ever.”

With the latest funding, the challenger bank has raised a total of £363 million (almost $446.45 million) since its launch in 2014.

The fresh proceeds will help the bank to “continue its rapid growth and help it provide much-needed support to small business customers who have been hit by the coronavirus emergency.”

The banking platform is going digital

The demand for challenger banks is skyrocketing globally, and with the COVID-19 pandemic, their market is projected to grow even further.

Earlier this month, N26, a German digital bank, raised $100 million in its Series D funding round with a valuation of $3.5 billion.

Revolut, another UK-based neobank, raised $500 million earlier this year, becoming the country’s most valued fintech startup.

Source: https://www.financemagnates.com/fintech/news/starling-bank-scores-another-40-million-from-existing-investors/

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Cannabis

Samsung Partners With SoFi For Mobile-First Money Management Experience “Samsung Money By SoFi”

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Samsung Electronics America, Inc. announced on Wednesday it has teamed up with SoFi to launch Samsung Money by SoFi, a new mobile-first money management experience that brings a cash management account and accompanying Mastercard debit card along with exclusive benefits to Samsung Pay.

According to Samsung, the account is secure, with no account fees and rewards users for saving, earning higher interest relative to the average national savings rate.

“At a time when people are turning to their technology to take care of essential tasks without leaving home, Samsung Money by SoFi makes it easier for them to manage more of their financial life in the Samsung Pay app.”

While sharing more details the account,  Sang Ahn, Vice President and GM of Samsung Pay, North America Service Business, Samsung Electronics, stated:

“Samsung Money by SoFi is our biggest move yet to help users do more with their money. Samsung Pay is already the most rewarding shopping and payments experience driven by numerous innovations over the years. Now, users can access mobile-first financial services and earn exclusive Samsung benefits.”

Anthony Noto, CEO of SoFi, added:

“At SoFi, we’re committed to helping people achieve financial independence both directly through the SoFi brand, as well as indirectly, through partnering with leading brands like Samsung to help the world get their money right. We’re excited to partner with Samsung, a world-class technology company, to help power this next-generation financial experience, while expanding the impact of SoFi exponentially.”

 Samsung Money by SoFi is now set to launch later this summer.

Source: https://www.crowdfundinsider.com/2020/05/162002-samsung-partners-with-sofi-for-mobile-first-money-management-experience-samsung-money-by-sofi/

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