Also covered are recent fintech raises, a quantum computing Series A, and Button’s $30M Series C.
1. JP Morgan is rumored to be launching a challenger bank
JP Morgan is rumored to be recruiting a team to build out a new digital banking product in London. The rumor is highly speculative and sources remained anonymous, but this would not be the firm’s first attempt to build out digital banking capabilities. Earlier this month, the firm shuttered its consumer banking app Finn just 1 year after launch.