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Hello and welcome to Daily Crunch for January 14, 2022! I suppose that this has been the week of Wordle, in that everyone and their dog are tweeting their scores and results. A small bit of camaraderie for those of you out there who are not good at the game: I am also trash. And since I still get paid to write, I refuse to connect “Good at Wordle” with “Good at words!” – Alex

P.S. Speaking of words, the Equity team had a heck of a good time this week, in case you wanted a chatty dive through recent startup happenings.

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Startups/VC

Fintech and insurtech innovation in Brazil set to take off on regulatory tailwinds

Nubank’s present day headquarters in Sao Paulo, Brazil. Image Credits: NELSON ALMEIDA/AFP via Getty Images

Regulation is often decried as a hurdle to innovation in most parts of the developing world.

But in Brazil, the Central Bank is being hailed by investors and fintech founders alike as a tailwind for bringing banking to the masses.

“The open banking initiatives adopted by Brazil’s Central Bank are absolutely tailwinds for fintech innovation,” Costanoa Ventures’ Amy Cheetham told TechCrunch.

In an in-depth market analysis, Anna Heim explores Brazilian fintech’s growth in the wake of Brazil’s open banking initiatives and how insurtech is also poised to take advantage.

(TechCrunch+ is our membership program, which helps founders and startup teams get ahead. You can sign up here.)

Big Tech Inc.

Today we have a grip of transit-themed Big Tech news, followed by, what else, some European legal news involving a major U.S. tech company!

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Source: Startups – TechCrunch

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