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If you received this in your inbox, thank you for signing up and your vote of confidence. If you're reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I'll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. There's a lot of fintech news out there and it's my job to stay on top of it -- and make sense of it -- so you can stay in the know.

I could spend hours discussing early-stage startup operations and community-based marketing, but deal flow is my blind spot. But when investment banking firm UBS picked up financial robot-advisor Wealthfront for $1.4 billion in an all-cash deal this week, I noticed. "At those prices, the company's exit price is a win in that it represents a 2x or greater multiple on its final private valuations," wrote Alex Wilhelm in The Exchange. "But its exit value is also parsable from a number of alternative perspectives: AUM, customers and revenue," he added. Examining each of those factors in turn, Alex found that the deal is more than just a "next-gen push" intended "to reach rich young Americans," as some headlines suggested.

Artificial Intelligence Speeds Up The Planet's Financial System Both the financial crisis of 2008 and the COVID-19 pandemic stressed the financial markets. They resulted in uncertainties, market declines, and negative economic growth. Yet the financial market recovered much faster after the COVID-19 outbreak than the 2008 crisis. The main differences in recovery speeds between the two crises are the timing of the Fed's support, fintech innovations, and technology developments on trading and on general productivity. These factors change the data flow, market dynamics, and recovery speed.

How well do Robinhood's financials stack up against incumbent online brokerages? While we wait for the seven-year-old company's long-planned IPO, Alex Wilhelm examined Morgan Stanley's big $13 billion purchase of E-Trade for fresh data comparison points. Robinhood has 10 million accounts -- twice what E-Trade has -- but it also appears to make much less money per user and has far fewer assets under management, as he covered for Extra Crunch. So while its fee-free approach has destroyed a key revenue stream for competitors, it still has to grow its own "order-flow" business into its private-market valuation. One solution is to make the platform stickier via social features.

Susa Ventures, a San Francisco-based seed-stage venture firm, announced today that it has secured a 50 million fund, Susa Ventures II. This is just the second fund for the firm, which was founded three years ago and has so far backed 41 companies through its first fund of 25 million. With its new fund, Susa plans to back 12 companies per year at seed investments falling between 400,000 and 750,000 (roughly twice the check size compared to Fund I investments). Furthermore, the firm has wisened up about the way it invests. In Fund I, Susa adhered to a 1:1 ratio for follow-on funding.