Wealth-tech startups to watch — Insurers battle COVID claims — What's next for SMB lenders
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Happy hump day.
The Wall Street Journal took a look at some of the early wins insurers have had in court over businesses looking for payouts on business-interruption claims from the shutdown due to the coronavirus.
The argument is this: Businesses say lost revenue from the government-mandated shutdown should be covered under their policies. Insurers disagree, saying virus-related claims aren't covered.
While this is a war that will likely play out for a while, the initial decisions made by courts are critical, as they could set a precedent.
Click here for the full story.
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Wealth-tech startups to watch
The volatility the US stock market has seen over the past six months has led many to reconsider their personal finances.
It's no wonder, then, that startups in the wealth management space have attracted plenty of attention. Wealth-tech startups raised $1.2 billion in venture funding in the second quarter.
Rebecca Ungarino highlighted 10 early-stage startups in the wealth management space recommended by top venture capitalists.
The list is a good mix of direct-to-consumer and behind-the-scenes companies. Rebecca also got some great insight from investors on why these startups are read to pop.
Click here to read the full list.
Fintechs catering to small businesses are hurting, and that's creating hard-to-ignore opportunities for incumbents to make cheap acquisitions
Small and medium-sized businesses have had a rough go of it this year. As a result, those servicing them have fallen on hard times as well. Shannen Balogh looked at SMB lenders and why incumbents are keen to go bargain hunting. Click here for the full story.
Odd lots:
Retail Eviction Proceedings Pick Up as Economy Restarts (WSJ)
J.C. Penney Pitches Chapter 11 Sale to Lenders as Other Bidders Balk (WSJ)
Deutsche Bank loses top European dealmaker to Citigroup (FT)
Jamie Dimon almost became CEO of Home Depot, company founder Arthur Blank says
Amazon Drivers Are Hanging Smartphones in Trees to Get More Work (Bloomberg)
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