Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:
Get an inside look at the makers of ‘deal toys’ that have seen business skyrocket in 2021 thanks to increased M&A.
Challenger bank HMBradley is growing so fast it needs to add more partner banks to keep up with deposits.
Two Black women executives on Wall Street detail microaggressions they’ve faced.
Vestwell, a fintech focused on disrupting employee retirement programs, just nabbed $70 million from some of Wall Street’s most elite firms.
If you’re not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.
Like the newsletter? Hate the newsletter? Feel free to drop me a line at firstname.lastname@example.org or on Twitter @DanDeFrancesco.
Inside a wild year for Wall Street’s ‘deal toy’ makers: Business is rebounding as M&A jumps but raw materials like crystal are tough to find
Samantha Lee/Business Insider
Business is booming for makers of deal toy, who create awards for Wall Street transactions.
Here’s a peak inside what has been a wild year.
Challenger bank HMBradley grew too fast. Now it’s looking for new bank partners as it pushes into mortgages and auto loans.
Zach Bruhnke, cofounder and CEO of HMBradley
Challenger bank HMBradley switched to invite-only after it hit $375 million in deposits as it looks to add more bank partners. here.
Black women who manage billions of dollars break down the microaggressions they’ve faced while excelling in highly demanding jobs
Columbia Investment Management Company; Southern Company; Xponance; Capricorn Investment Group; Samantha Lee/Insider
Dekia Scott, CIO of Southern Company, and Tina Byles Williams, CEO, CIO, and founder of Xponance, revealed microaggressions they’ve faced in a predominantly white, male field. Here’s what they said.
Vestwell just nabbed $70 million from Wells Fargo, Morgan Stanley, Goldman Sachs, and others as it looks to disrupt employee retirement programs
Aaron Schumm, founder and CEO of Vestwell
Vestwell provides back-end tech connecting financial institutions and workplace savings programs. See more here.
Here’s the 12-page pitch deck e-commerce banking startup Novo used to raise its $40 million Series A
Michael Rangel, cofounder and CEO, and Tyler McIntyre, cofounder and CTO of Novo.
Kristelle Boulos Photography
Novo, a small-business banking startup, just raised a $40.7 million Series A led by Valar Ventures. Check out the pitch deck it used.
Read an adaptation from Wall Street Journal reporters Maureen Farrell and Eliot Brown’s new book, “The Cult of We: WeWork, Adam Neumann, and the Great Startup Delusion.” Find out more here.
Salary comparison tool
Insider has created a searchable database of the last three years of salary disclosures, collected from the USCIS website, curated to a range of more than 250 companies that Insider reporters regularly cover. Check out the searchable database here.
A Berlin startup veteran who wants to take over a medium-sized company by his …read more
Source:: Business Insider
BTS Feeling "Dynamite" at 2021 GRAMMY Awards
The performers admit they're honored to be the first K-pop group nominated at the GRAMMYs and send a special message to their Army fandom. Watch!