Robinhood's crypto bet, AI-powered healthcare, and more on the fall of Fisker

Equity

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4.2 • 365 Ratings

🗓️ 7 June 2024

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mary Ann and Rebecca discussed Robinhood’s plans to buy European crypto exchange Bitstamp for $200 million in cash and why they weren’t really surprised by the news. The duo then dug into not just one but two exciting health-care related deals. Rebecca wanted to riff on Sword Health’s innovative AI-powered virtual physical therapy tech and recent fundraise and corresponding cool valuation bump. Mary Ann then brought up Eko Health, which just raised $41 million after getting FDA clearance to help detect the first signs of heart failure during a routine medical exam (really, how cool is that?!). From there, they got to grill transportation reporter extraordinaire Sean O’Kane about his in-depth investigation into the mess at electric vehicle manufacturer Fisker. Think hoods flying off and pinching parts from the production line kind of mess. Oof. From there, they talked about the drama at AI mortgage startup LoanSnap and how that company is being sued left and right among other things. On a more positive note, they then riffed about two very interesting fintech startups focused on Gen Z, Frich (which stands for ‘effin rich) and Fizz – the latter of which is a YC alum just raised $14.4 million in a seed round led by Kleiner Perkins.

Transcript

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0:00.0	Hello and welcome back to Equity Tech Crunch's flagship podcast about the business of startups.
0:16.4	Today is June 7th, 2024. I'm Marianne Asavado and joining me as Senior
0:21.6	TC reporter on the transportation desk Rebecca
0:24.5	belong Rebecca how are you this week I'm doing great Marianne thanks so much
0:29.0	happy to have you on as always before we get to to the show rundown, I want to ask our
0:34.0	listeners please don't forget to rate and review us on Apple Podcast,
0:37.5	Spotify or whatever your preferred Pod streamer is. We really appreciate it. Now let's
0:42.2	talk about what we're going to have on the show today.
0:44.3	Before we get into our deals of the week we'll be talking about news that broke yesterday
0:48.8	about Robin Hood acquiring global crypto exchange bit stamp. Then we'll talk about two health care
0:54.6	startups raising money and then we'll dig into Fiskers collapse and have our
0:59.8	transportation reporter Sean O'Kane give us all the details of his months long investigation into what went on there.
1:06.7	Finally, we'll get into the next generation of FinTech, lots happening as always, some good, some not so good. And on that FinTech note, as mentioned
1:15.3	news broke yesterday that Robin Hood acquired Bitt Stamp for $200 million or is going to
1:21.0	acquire Bitt Stamp. This was a surprise and yet it wasn't.
1:25.2	Robinhead has been dabbling around in the crypto space for a while. It's been acquiring
1:29.5	different companies left and right. I don't think anyone quite expected this though.
1:33.6	They're paying $200 million in cash for this company,
1:36.2	which is European, and it just shows that the company
1:39.8	is really serious about crypto and its future
1:42.0	and its potential.
1:43.0	Rebecca, what did you think? Were you surprised by this?
	...

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