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Linas's Newsletter
Fed Goes Offline; Square is Doubling Down on Crypto; Klarna to Raise $1B at a $31B Valuation, and More

Fed Goes Offline; Square is Doubling Down on Crypto; Klarna to Raise $1B at a $31B Valuation, and More

Weekly FinTech Digest | Week 8

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Linas Beliūnas
Feb 28, 2021
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Linas's Newsletter
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Fed Goes Offline; Square is Doubling Down on Crypto; Klarna to Raise $1B at a $31B Valuation, and More
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This week (22-26 February) was another great week in FinTech. The BIG BAD news of the week - “operational error” got Fed to go offline, turning virtually the whole US financial system off for several hours. Further, Buy Now, Pay Later is getting hotter every month - Klarna will soon raise $1 billion, tripling its valuation to $31 billion, while Affirm l…

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