Biden's Treasury pick — Privacy concerns for on-demand pay — Legal-tech deals
It's been quite the week, which is often the case this time of year as people look to wrap things up before the holidays. However, one big bit of news could still be yet to come.President-elect Joe Biden told reporters he's made his pick for who he will nominate for Treasury secretary, adding that the decision will be announced "either just before or just after Thanksgiving."
Earned wage access, or the ability to pay employees as they earn money as opposed to during set pay periods, is all the rage these days.What started off as a fringe offering by a handful of startups has evolved into a red-hot trend that even the biggest payroll providers are offering. However, one major issue remains: Employees don't want their employers knowing they want early access to their wages.
Shannen Balogh has a really nice look at customers' fears over privacy, and how EWA providers are looking to assuage those fears.
Affirm's IPO paperwork shows Peloton sales are a crucial part of the buy now, pay later fintech's business79322459
We touched on this briefly on Thursday, but the Affirm, Max Levchin's buy now, pay later startup, posted the paperwork for its initial public offering, known as an S-1. One interesting detail: A good chunk of Affirm's revenue is tied to Peloton sales. Read more from Shannen Balogh here.
Legal-tech startups are catching the eye of Docusign and other big strategic investors. These 21 deals showcase how a huge consolidation wave is underway.
Odd lots:Here are the investors that are set for a windfall as DoorDash heads for an IPO, from asset managers like Fidelity to a retirement plan for Costco employees (BI)
- Karnataka's Health Minister says the state is well prepared for COVID-19 vaccine delivery
- Markets in Bhopal can now stay open till 8 pm only as COVID-19 cases surge in the city
- NSE declares Karvy Stock Broking as defaulter, expels from membership
- SC asks Centre to respond on plea seeking uniformity in RT-PCR test rates across the country
- From IndusInd Bank and Kotak Mahindra to Bajaj Finance — seven of the top ten Nifty gainers in the last three months have been financials