American Express is doing a fantastic job with Embedded Finance 👏; Revolut, N26, and other challenger banks have a new competitor… JPMorgan 👀; Silvergate's FTX ties face fraud investigation 😳

FinTech is Eating the World, 3 February

Hey Everyone,

TGIF! Today’s issue is perfectly tailored to finish off a strong week 🧁 We’re looking at American Express which is doing a fantastic job with Embedded Finance (& how they are building the ultimate B2B payments powerhouse); Revolut, N26, and other challenger banks have a new competitor, and its name is JPMorgan (+ a bonus read on JPM’s badass FinTech strategy), and Silvergate, which is facing a fraud investigation (FTX tentacles are strong 🦑). Let’s jump straight into the interesting stuff 🌶

American Express is doing a fantastic job with Embedded Finance 👏

The launch 🚀 Global card issuer and payments processor American Express (AmEx) AXP 0.00%↑ has recently launched American Express Business Blueprint, a set of digital cash flow management tools for small businesses.

More on this 👉 Business Blueprint evolved out of Kabbage, an alternative lending startup that the company acquired in 2020. With the launch of Business Blueprint, the Kabbage brand is now retired.

The new service provided by AmEx allows any small business in the US to access personalized cash flow insights to determine smarter financial inclusions, free of cost. 

At the same time, SMEs can access applications to select different financial products, including new lines of credit, and use the products, once approved, to efficiently manage their cash flows and scale their businesses.

Why it matters? 🤔 With this move, AmEx is not only further doubling down on SMEs. More importantly, it shows that the company is doing a brilliant job with embedded finance.

Here’s more on this + the takeaway (& a bonus read on how AmEx is building a B2B payments powerhouse):