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Finextra Research Headlines

• 2020 Fintech funding down on 2019 but on the way back up February 26, 2021
  Global investment in fintech fell significantly in 2020 as the Covid-19 pandemic hit but picked up significantly in the second half of the year, according to KPMG, which expects a strong 2021 for the sector.
• South African API startup Stitch raises $4m February 26, 2021
  South African fintech API startup Stitch has emerged from stealth with $4million in seed funding led by Raba and firstminute capital.
• Treasury Prime and Marqeta team on single vendor programmatic card issuing February 25, 2021
  Treasury Prime, the leading Banking as a Service (BaaS) company, announced today that it has partnered with Marqeta, the global modern card issuing platform, to bring Marqeta’s modern card issuing capabilities to the Treasury Prime API.
• Step hits 1m users milestone February 25, 2021
  Step, the new modern-day financial services company built for teens and families, today announced it has crossed one million users. A first of its kind, Step offers users the ability to build credit before they turn 18 through a free, FDIC insured bank account, secured spending card and P2P payments platform.
• Coinbase files for public direct listing February 25, 2021
  Coinbase Global, Inc. today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed public direct listing of its Class A common stock.