DriveWealth pitch deck — ADP pilots new twist on paychecks — State Street’s return to office

trading floor

Happy Friday!

The Big 4 tech companies (Apple, Amazon, Google, and Facebook) all reported earnings Thursday afternoon. The quartet beat Wall Street estimates

Lots of good stories from us, so let's get right into it. 

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Check out Point72 Ventures-backed DriveWealth's pitch deck

Robert Cortright, DriveWealth
Robert Cortright, DriveWealth CEO

We're a big fan of pitch decks here at Business Insider. In fact, we've built an entire searchable database of them

Here's a new one from Rebecca Ungarino that caught my eye for fintech DriveWealth's Series C raise

The size ($56.7 million) and lead investor (Point72 Ventures) in the round are both noteworthy. However, it's what DriveWealth actually does that makes this deck so interesting.

The fintech helps companies offer financial services, be it stock trading or do-it-yourself investing. In many ways, it's a key figure in the rise of personal finance apps we've seen over the past few years. 

Check out the entire deck here.


Knotel just slashed headcount again

Knotel cofounders
Knotel cofounders Amol Sarva (left) and Edward Shenderovich (right)

 Great scoop from Daniel Geiger and Meghan Morris on the latest at Knotel. The flex-space provider is making cuts, and Daniel and Meghan have an inside look at how Amol Sarva, the company's CEO, is pitching it to employees. Read the full story here


Payroll giant ADP is getting in on the paycheck-on-demand frenzy

ADP employees

Earned wage access is one of the hottest trends in payments right now. Shannen Balogh with a nice scoop on one of the world's largest payroll providers throwing its hat in the ring. Read more about ADP's EWA pilot.  


BlackRock's former real estate head is joining a crowdfunding startup's investment committee with hopes to help smaller investors access smart private real estate market bets

Jack Chandler, founder of Majesteka Investments Holdings
founder of Majesteka Investments Holdings

Speaking of scoops, nice people move story from Alex Nicoll. Jack Chandler, the former BlackRock real estate head, has joined a startup. Read more about Chandler joining CrowdStreet and what motivated him to make the move. Check out the full story here.


Here's how State Street is working to bring 8,000 people back to the office 

Lou Maiuri State Street
Lou Maiuri is the chief operating officer of State Street.

Returning to the office is a tricky endeavor, made more difficult by a spike in COVID-19 cases in recent weeks. Reed Alexander spoke with State Street's COO about the firm's approach to slowly getting some people back in the office. Get all the details here


Odd lots:

In HBO's 'Industry,' Gen Z Bankers in Existential Crisis (WSJ)

J.C. Penney enters asset purchase agreement with Brookfield, Simon (Reuters)

An Avalanche of Fraud Buried a Small-Business Relief Program (Bloomberg)

Oil giant Exxon plans to cut up to 1,900 US workers after a strategic review (BI)

And Now, a Sinkhole Full of Rats (The Cut)

Read the original article on Business Insider

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