BlackRock's assets soar to a record $10.5T. Thanks to Bitcoin 😳; Revolut secures RBI approval for prepaid payment instruments in India 🇮🇳; Most active Q1 Venture Investors 💸

FinTech is Eating the World, 12 April

Hey Everyone,

TGIF! Another fascinating FinTech week is about to end and we’re going to end it strong 💪 Today’s issue is the best one yet as we’re looking at BlackRock's assets soaring to a record $10.5 trillion thanks to Bitcoin (a quick recap of BlackRock’s Q1 2024 + some more bonus reads), Revolut that just secured RBI approval (why this matters + a view of the Indian payments market & why Revolut hasn’t conquered it), and see who were the most active Q1 Venture Investors (a look of top VCs from the latest quarter & a BONUS of 600+ pages of top resources for building and scaling billion-dollar startup). Let’s jump straight into the awesome stuff 🌶

BlackRock's assets soar to a record $10.5 trillion. Thanks to Bitcoin 😳

The news 🗞️ BlackRock, the world's largest money manager, reported record assets under management of a whopping $10.5 trillion and a 36% year-on-year increase in net income to $1.57 billion. Damn 🫣

The company's success was largely driven by roaring equity markets and the popularity of its new spot bitcoin exchange-traded fund (ETF), which quickly amassed $18.7 billion in assets.

Let’s take a look.