Goldman nabs Stripe exec – Buy now, pay later frenzy – Big 4’s web of board connections

NYSE trader Gregory Rowe Operates on the floor of the New York Stock Exchange at the end of the trading day.

Craig Ruttle/AP

Excellent morning and welcome to Insider Finance. I am Dan DeFrancesco, and here’s what’s on the agenda today:

Goldman Sachs has tapped an former Stripe exec to lead its direct-to-consumer enterprise.   UK-based digital lender Monzo is wrapping up another extension on its own latest fundraising round.  Bitcoin is currently in the spotlight once again. We talked to specialists on how to find a work investing and trading digital money.

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A former Stripe exec was only tapped to help operate Goldman Sachs’ Marcus and lead its direct-to-consumer strategy. Read the full memo here.

AP Photo/Richard Drew, File

The shakeup within Goldman Sachs’ customer branch has the announcement of a new hire and a promotion.

Swati Bhatia, a former Stripe exec, was nabbed to lead Goldman’s direct-to-consumer business while David Stark, a partner at the lender, will now lead bigger partnerships for the customer bank. We’ve got the complete memo of this announcement. 

Click here to browse the entire story.

$1.6 billion lender Monzo is minding a $68 million financing extension in the fresh Silicon Valley investor

TS Anil Monzo CEO

Monzo

Challenger lender Monzo is near raising another extension for its June financing round. Read here.

More than 100 Deloitte, EY, KPMG, and PwC alums sit on S&P 500 company boards. Here is our exclusive look at the web of board members that used to function at Big 4 firms.

The Deloitte Company logo is found on a commercial tower at Gurgaon, on the outskirts of New Delhi

Reuters

Almost a dozen S&P 500 board members functioned at the exact Big Four accounting firm that overlooks their own company. Have a look at this cool picture mapping out the numerous ties. See additional here. 

From Klarna’s Super Bowl ad to Affirm’s IPO, Here Is a look inside the buy now, pay after frenzy, that is becoming a staple in Internet shopping

Klarna

If you saw Klarna’s Super Bowl commercial but are still confused about what buy now, pay later is, we’ve got you covered. Get the entire rundown here.

These are the skills you Will Need to get a job in crypto trading and investing, based on 7 insiders from companies like Grayscale and Galaxy Digital

TD Ameritrade; Galaxy Digital; Genesis Global Capital; Grayscale; Skye Gould/Insider

With Tesla’s recent disclosure regarding its investment in Bitcoin, cryptocurrency is once again on the upswing. We talked to specialists in the field about getting hired for jobs involving digital money. Find out more here.

Odd lots:

Reddit’s CEO stated r/WallStreetBets – the forum cheering GameStop’s improbable rally – demonstrates the ability of’everyday people’ over institutional shareholders (BI)

Bitcoin spikes 16% to record high following Tesla says it spent $1.5 billion in the cryptocurrency and will begin accepting it as payment (BI)

Social media opinion ETF to launch in wake of Reddit rebellion (FT)

Inside the burst of buy-now, pay-later providers like Klarna, as regulators move to legislate a possibly $350 billion industry (BI)

A health insurer supported by Chamath Palihapitiya is currently in the hot seat following a scathing short-seller report. Here is how Clover Health reacted to 4 of the greatest claims. (BI)

The parents of a 20-year-old who died by suicide after thinking he lost $730,000 on Robinhood are suing the stock-trading app (BI)

Read the first article on Business Insider

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