Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, we’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. There’s a lot of fintech news out there and it’s our job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann and Christine
Hi, hi. Christine and I strayed a bit from our typical fintech coverage this week to do some investigative reporting. We took a look at Newchip, an Austin-based accelerator that recently imploded. In our humble opinions, it’s definitely worth a read. While it was not focused on fintech startups exclusively, it’s a complex story of a troubled accelerator that claimed to help entrepreneurs “succeed.” Some founders claim it did anything but, while a…