Bop to the top

Goldman Sachs, Citibank, and JPMorgan Chase top the list of US banks with the most fintech investments.

From alternative lending to small business enablement, here’s where these banking giants see opportunity in the space.

We hardly knew ye

Short video streaming service Quibi shuttered just 6 months after its launch. 

In comparison, TikTok has continued to see earth-shattering success. We dig into why in this report.

Gamers are Among Us
 

The e-sports industry has flourished amid the pandemic, as highlighted by Spotify’s recent partnership with League of Legends and Discord's explosive growth of late.

Here are 3 ways brands can capitalize on the e-sports opportunity.

Howdy, partners

We have some incredible partners at the Future of Fintech
(November 16-18). From Galileo's Global Innovation Challenge to Nasdaq's Partner Fireside Chat to DriveWealth's Virtual Booth, there will be tons of ways to engage with some of the most important fintech solution providers.

Check them all out below and save $300 on your ticket with code FOFPARTNERS.

6 months: Video streaming service Quibi said that it would shut down only about 6 months after launching. The company, which focused on providing short content to watch on mobile devices, had raised $1.75B in total disclosed funding. We look at the reasons why even well-funded companies can fail in our report on 353 startup post-mortems.
 

599 stores: Walmart-owned warehouse retailer Sam’s Club said that it would deploy autonomous cleaning robots in all 599 of its US stores. Tech like autonomous cleaning has gained traction amid the pandemic. See how it's being deployed to help reopen offices, airports, and schools.

$100M: Newfront Insurance raised a $100M Series A round at a $500M valuation. The early-stage company is part of our latest Fintech 250 cohort of the most promising fintech startups in the world. See all the winners in this market map. 
 

-120,000 posts: Facebook said that it had removed 120,000 posts across its platforms that violated its voter interference guidance. The Covid-19 pandemic and the US election have driven a spike in false information being shared. We dig into how disinformation is being weaponized and how to defend against it in this report. 

$3B: Japan-based conglomerate Toshiba said it’s aiming to generate $3B in revenue from quantum key distribution (QKD) — an emerging encryption tech that could enable ultra-secure communications — by the end of the decade. Clients can see the startups looking to commercialize QKD, and other quantum tech, in this market map.
 

121 feet: Archaeologists discovered a 121-foot-long cat etched into the side of a hill in Peru. The researchers say that the cat was created about 2,000 years ago. 

If hacker houses aren’t quite exciting enough, crypto techies may soon be able to call a cruise ship home. 

Seasteading startup Ocean Builders is reportedly buying a Carnival ship to convert into a “crypto cruise ship.” The startup envisions housing more than 2,000 blockchain enthusiasts, YouTube influencers, and digital nomads on the "MS Satoshi" in its 770+ cabins. 

The pandemic has decimated the cruise industry, given the hazard of these vessels becoming petri dishes for Covid-19; however, the website claims that a "properly run cruise ship can be the healthiest and safest place in the world to live," contrary to CDC guidance.

Have a great rest of the week.

Marcelo