Happy Saturday, and welcome to Insider Finance. Here's a rundown of the must-know stories from the past week: If this email was forwarded to you, sign up here to get your daily dose of the stories dominating banking, business, and big deals. Join Insider on June 24 at 1 p.m. ET for a live exclusive webinar where three top financial services executives from Deutsche Bank, AllianceBernstein, and Accenture will break down what the future of work looks like as Wall Street gets back to the office. Sign up here to attend. The "PayPal Mafia" is one of the most influential clubs in Silicon Valley. Historically, mentions of the group never included women who worked at PayPal. Here are 20 women who helped build PayPal. From humble beginnings, Jeff Sine built a career as an unorthodox banker who offered unvarnished advice and tamed unruly transactions for business moguls like Masayoshi Son and Rupert Murdoch. Here's how he defied the odds and built the merchant bank The Raine Group into an investing empire in its own right. While Chase Coleman has pumped billions into the private markets this year, his flagship public-equity fund is down so far in 2021. See the details here. The fintech space has exploded in recent years, keeping Wall Street bankers busy. Some banks see fintech as an outgrowth of TMT and FIG teams, while others see it as a stand-alone. Check out what 12 fintech bankers have to say about the space. Michael Recce, a former Neuberger Berman and Point72 data head, has started his own data business: Alpha ROC, a technology and consulting firm meant to simplify data for both the vendor and the user. Recce told Insider that despite alternative data's growth, there still isn't large-scale adoption. Tech innovation is driving growth in healthcare, General Atlantic's Robbert Vorhoff told Insider. Last month, Vorhoff's team led a $110 million Series D financing for Vida Health, which manages a virtual care system for payors and employers. Here's where he's seeing big opportunities. "Buy now, pay later" services have evolved into consumer-facing companies keen to establish their own brands. But banks and credit-card companies are developing ways to allow merchants to both offer point-of-sale financing and maintain the customer relationships themselves. Get all the details on the new competitive dynamics here. Wall Street people moves Other stories readers loved this week - Hedge funds piled into the first-ever junk bond tied to bitcoin to avoid 'high-yield FOMO'
- 2 legal-tech companies just filed to go public. Here's everything you need to know about Intapp and LegalZoom and their plans for growth.
- SoFi is underwriting Chamath Palihapitiya's 4 biotech SPAC IPOs as the fintech looks to compete with Wall Street's top investment banks
- Forget bitcoin and other hypervolatile cryptocurrencies. For everyday transactions, the future of money is stablecoins.
- JPMorgan's private-bank CEO wants to hire 1,500 advisors. Here's which cities he's targeting and how a new training program will lock down next-gen talent.
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