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Daily Tearsheet: The rise of carbon offsets, and younger generations are the leading investors in today’s bear market

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Daily Tearsheet: The rise of carbon offsets, and younger generations are the leading investors in today’s bear market

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The Green Finance Podcast Ep. 5: The rise of carbon offsets with Patch CEO Brennan Spellacy

In the fifth episode of the Green Finance Podcast, host Iulia Ciutina is joined by Brennan Spellacy, the CEO of Patch, an API-based solution enabling companies to embed carbon footprint estimation and removal directly into their digital products and experiences.

Brennan shares his insights on the carbon offsetting market, which has grown tremendously over the past few years. While it’s not a central solution to the wider problem of climate change, it’s an important piece of the puzzle – so tune in to find out how it all works.

Listen / read more

Data Snack: In today’s bear market, younger generations are the leading investors

2022 has been a turbulent year for equity markets globally. Tickers show a bear market as leading stocks plunge and the threat of a recession looms. Thus far, the S&P has dropped 21% overall, and the Nasdaq Composite, too, is down by 33% — representing the worst six-month start to any year since 1970.

Investors new to the market are now experiencing their first bear market. While this has demotivated some, many young investors are still going strong, according to new data from DriveWealth. The fintech’s proprietary data shows that millennials have in fact stepped up their investing, hoping for long-term rewards on today’s cut-price investments.

As trading remained trendy among the generation during this dip, the report termed 2022 as the year of the millennial trader.

Read more (exclusive to Outlier members)

The latest briefing

Green Finance Briefing: Burning for change

Extreme heat is breaking records all around the world, inflationary headwinds cloud global economies, the war in Ukraine doesn’t look like it will stop anytime soon, and an energy crisis waits around the corner. It’s hard to pick a battle these days when so many things are out of our control.

The heat wave that hit Europe proves once more the urgency of the climate crisis, and that we all need to collectively and proactively work towards investing in solutions.

Join us on Tuesday, July 26 at our Banking on the Planet Conference, where we’ll discuss how the banking and finance industry can start its sustainability journey.

Read more (exclusive to Outlier members)

Just look at the charts

1. The architecture of money mobility

Source: Nicolas Pinto

2. Roughly one in five global unicorns is a fintech

SourcePanagiotis Kriaris

Today’s stories

KeyBank, Truist execs share their approaches to fintech partnerships
KeyBank has made a series of acquisitions in the past several years with dozens of fintechs — relationships that have helped the bank enhance its offerings for existing clients, as well as reach customers in new markets. In the case of Truist’s purchase of gamified financial savings app Long Game, it was the fintech’s CEO who proposed turning the bank’s planned investment into an acquisition. (Banking Dive)

Starling reports its first annual profit as other fintechs stumble
British digital bank Starling reported its debut annual profit as revenues at the firm almost doubled. The lender swung to a pre-tax profit of £32.1 million ($38.3 million) in its fiscal year ending March 2022. Revenues at the startup reached £188 million, up nearly 93% from 2021. (CNBC)

Fintech crash is an M&A opportunity for banks
Bank executives have spent years fretting over disruptive fintech upstarts like Affirm, Klarna, and Robinhood. Now that those firms are on the ropes, established lenders like Goldman Sachs could be thinking about buying them. (Reuters)

Former Coinbase manager arrested on insider trading charges
The US Department of Justice charged former Coinbase product manager Ishan Wahi, his brother Nikhil Wahi, and Sameer Ramani with allegations of wire fraud and insider trading worth $1.1 million (CoinDesk)

Stay ahead of the game with Outlier — Tearsheet’s exclusive members-only content program and join the leading financial services and fintech innovators reading us every day.

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