Jack Dorsey Block's S&P 500 debut 🥳📈; PNC Bank teams up with Coinbase 🤝💸; Stripe continues M&A spree with Orum acquisition 😤💰

FinTech is Eating the World, 23 July

Hey Everyone,

Good day & happy Wednesday! Today’s issue is definitely the best one yet as we’re looking into Jack Dorsey FinTech giant Block's S&P 500 debut (why it matters for Block & what to expect next + bonus dives into Block inside), PNC Bank which just teamed up with Coinbase (why it’s a perfect partnership for both companies & what does it indicate about the future of FinTech & FinServ+ bonus deep dives into Coinbase), and payments giant Stripe that continues its M&A spree with Orum acquisition (what’s the rationale behind the buy & what to expect next + bonus M&A templates and resources inside to save you $$$). Let’s just jump straight into the finnovative stuff 🌶️

Jack Dorsey Block's S&P 500 debut 🥳📈

The news 🗞️ Jack Dorsey's financial technology company Block XYZ 0.00%↑ has just achieved a significant milestone as it has been included in the S&P 500 index.

The announcement triggered an immediate market response, with Block shares surging between 9-14% in after-hours trading as investors positioned ahead of mandatory index fund purchases. Not too shabby!

Let’s take a look at this, understand why it matters, and what’s next for Block and the broader FinTech space.