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Kate Rooney
CNBC
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Publications
- CNBC3 articles
- CNBC2 articles
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- Fintech app Robinhood is driving a retail trading renaissance during the stock market’s wild ride17 Jun 2020—CNBCAndrew Harrer | Bloomberg | Getty Images For a trading firm, there are few bigger blunders than clients being unable to move money when markets hit historic highs. Yet that’s exactly what happened at start-up brokerage firm Robinhood earlier this year. The aftermath? A surge in new users, record trading activity and a new round of venture capital funding. Despite its missteps, the company has quickly ushered in 10 million users, most of whom are millennials and new entrants to the stock...
- Fintech Varo gets one step closer to becoming an actual bank: ‘We see it as a pretty big moat’11 Feb 2020—CNBCVaro is rolling out a new “no-fee overdraft” program on Tuesday. Mobile-only finance start-up Varo Money just got one step closer to becoming a full-scale bank. After three years and multiple rounds of applications, the FDIC approved the fintech company’s national bank charter application, which allows it to take customer deposits. “We see it as a pretty big moat,” Varo Money CEO Colin Walsh, told CNBC in an phone interview. “It was a long process -- for this to finally see daylight is a big...
- Visa to acquire Plaid, the fintech powering Venmo and other banking apps, in $5.3 billion deal13 Jan 2020—CNBCPlaid co-founders William Hockey and Zach Perret Source: Plaid Payments giant Visa is buying Silicon Valley start-up Plaid in a deal worth $5.3 billion, the companies announced Monday. Plaid’s API software, often referred to as the “plumbing” behind fintech companies, lets start-ups connect to users’ bank accounts. It’s well-known among financial technology developers, but the average person interacting with it most likely wouldn’t recognize the name. High-profile Plaid customers include...
- Tom Brady, Gary Cohn, and Marc Lasry have all bet on Will McDonough. He's now betting on blockchain5 Aug 2018—CNBCWill McDonough The private table in the back of Nobu was a tabloid photographer's dream. It was January 2005, and Tom Brady, Michael Jordan, Alex Rodriguez, Bill Clinton, Gary Cohn and Marc Lasry were among the group dining at the Japanese eatery after 18 holes at Jordan's celebrity golf tournament in the Bahamas. For most 25-year-olds, having a seat at this table would have been nothing short of a miracle — or at least, a once in a lifetime opportunity. For an up-and-comer named Will...
- New Starbucks partnership with Microsoft allows customers to pay for Frappuccinos with bitcoin3 Aug 2018—CNBCStarbucks is jumping on the cryptocurrency bandwagon. The Seattle-based coffee giant is working with Microsoft and a leading global exchange on a new digital platform that will allow consumers to use bitcoin and other cryptocurrencies at Starbucks. Starbucks along with Intercontinental Exchange, Microsoft and BCG, among others, is working to launch a new company called Bakkt that will enable consumers and institutions to buy, sell, store and spend cryptocurrencies on the global network by...
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