It's been a while since Jackson Wagner left his job as a product lead at Scale AI in July 2022. Now, he's building in a new space altogether: The new effort is an AI health benefits brokerage called Corridor that focuses on small businesses, which it says traditional brokerages often overlook because small accounts generate lower commissions even though they take the same amount of time as larger accounts. Corridor is betting an AI solution may help on that front. On its platform, customers work with human advisors while AI agents do administrative tasks in the background. The company says its agents can handle tedious office work like checking whether a doctor is in a customer's insurance network, scheduling care, or providing a doctor updated health insurance information. He eventually left Scale AI to get a master's degree in computer science and electrical engineering at UC Berkeley, before joining Build Robotics in 2023. Later, he teamed up with former Scale AI colleague Eric Qian to work on Capernaum AI, a startup building a clinical agent targeting musculoskeletal care and chronic pain....
Good morning & happy Tuesday! Today we're diving deep into Robinhood's latest financials to see why it's the best brokerage at the wrong price (breaking down the most important facts & figures from Robinhood's Q1 2026 to see whether Robinhood is worth your time & money + bonus deep dive into the latest financials of its bigget competitor Coinbase, and why Robinhood's Agentic AI play is exactly what Anthropic recently told AI founders to build in 2026), and Anthropic, which just made the EU come asking for Claude Mythos (what it tells us, what it matters & what's next for AI deployment + bonus deep dive into Everything Anthropic Shipped in 2026 & How to Actually Use It). So let's jump straight into the interesting stuff '' Platform assets reached $307B, up 39% year over year. Trailing-twelve-month net deposits hit $67.8B, and they keep flowing straight through every market drawdown. Gold subscribers climbed 36% to a record 4.3M. Revenue crossed a billion dollars in a single quarter, on what Morningstar calls the richest unit economics of any broker its size. Let that sink in....
Kakao Pay, the online payment service of South Korean messaging and internet giant Kakao, announced that it has acquired a stake in Siebert Financial, a brokerage firm based in New York. Kakao spent $17 million on this transaction and the company now owns a 19.9% stake in Siebert. This is just the first step as Kakao Pay plans to acquire an additional 31.1% stake in Siebert depending on shareholder and regulatory approval. If it goes through, Kakao Pay would become the largest shareholder of Siebert, owning a 51% stake in total. Gloria Gebbia, Siebert's controlling shareholder and board member, told TechCrunch that the second transaction is expected to close in the first quarter of 2024. Kakao Pay first launched its mobile payment service in 2014. It was spun off from Kakao Corp in 2017 and it is now one of the major mobile payment players in South Korea. The Korean fintech firm offers online and offline payments, money transfer, credit rating, insurance and loan services to approximately 40 million registered users in South Korea. Siebert Financial, the U.S.-based brokerage and financial advisory firm, and its subsidiaries have been providing financial services for over 50 years. One of its subsidiaries, Muriel Siebert & Co (MSCO), has more than 100,000 customers....
In the United States, much of commerce relies on moving goods on trucks to market. The way it works is a manufacturer calls a shipping broker with instructions like 'I need to get a load of beer to Dallas by Friday.' They agree on a price and the broker finds a trucker to deliver the goods. The financials can get complicated, and much of the work is still done by fax, phone and in spreadsheets. Mvmnt is trying to bring some more sophisticated technology to bear on the process, while providing a full set of freight brokerage services. Today, the Chicago-based startup announced a $20 million Series A. 'We're what's called a Transportation Management System (TMS).You could just think about that as enterprise software for managing freight, and so when I say freight, we're talking about domestic truckloads,' CEO and founder Michael Colin explained. The freight broker's job is to negotiate a price with the shipper and then one with the trucker, both at a price point that allows them to make a profit as the party in the middle....