Check out the 60 fintech startups VCs are betting will be breakout hits

Erwin Oropesa

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2x1 fintech
2×1 fintech

Courtesy of Tusk Venture Partners; Accel; Lightspeed Venture Partners; Spark Capital; Yuqing Liu/Business Insider

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The financial-services industry is changing at a rapid clip, with fintechs addressing people’s needs among the big winners in the wake of the coronavirus, as Dan DeFrancesco and Shannen Balogh reported this week.

For example: 

Robinhood, which has seen massive growth as market volatility continues, is now valued at $8.3 billion after its most recent funding round in May. Meanwhile, other personal finance apps like Chime and Stash have also seen record sign-up numbers recently. 

With that in mind, Dan and Shannen polled 27 investors to discover the fintechs that are on the cusp of breaking out. While investors could pitch

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Centrica sells US business, Vodafone’s IPO plans, strong economic data

Erwin Oropesa
British Gas owner Centrica has agreed to sell-off its US energy business for $3.6bn (£2.87bn). Pic: PA
British Gas owner Centrica has agreed to sell-off its US energy business for $3.6bn (£2.87bn). Pic: PA

Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and abroad:

Centrica (CNA.L), the owner of British Gas, has agreed to sell-off its US energy business for $3.6bn (£2.87bn) as part of a turnaround plan.

Centrica said on Friday it had agreed to sell its Houston-based subsidiary Direct Energy to NRG Energy (NRG) for $3.6bn in cash.

News of the deal sent Centrica’s share price surging over 35% at the open in London.

Centrica chief executive Chris O’Shea said the deal was part of plans “to become a simpler, leaner business” that was “focused on the UK and Ireland where we have leading market positions.”

Centrica acquired Direct Energy in 2000 for $912m in cash, giving the company its first

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Yahoo Finance’s Annual All Markets Summit Goes Completely Digital (Exclusive)

Erwin Oropesa

Yahoo Finance is making its annual All Markets Summit online-only amid the ongoing coronavirus pandemic, TheWrap can exclusively reveal.

The 2020 “All Markets Summit: Road to Recovery” will air at 5 p.m. ET Monday, October 26, entirely via livestream on Yahoo Finance, just as Warren Buffett’s Berkshire Hathaway shareholders meeting did in May.

On Tuesday, July 21, at 5 p.m. ET, the outlet will host a virtual one-hour special, “All Markets Summit Extra: Road to Recovery,” as a lead-up to the event. The special will discuss the re-opening of businesses, economic recovery and outlook, diversity and inclusion and generational opportunities in business.

Also Read: Yahoo Finance Delivers Most-Watched Berkshire Hathaway Shareholders Meeting Ever

Participants in the special include Anthony Scaramucci, founder SkyBridge Capital and former White House communications director; Arnold Donald, CEO of Carnival; Byron Alle, founder & CEO of Allen Media; Brian Chesky, CEO of AirBnB; Julie Sweet, CEO

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