- Small-dollar lender Oportun to open 20 offices in Florida
- Ladder Secures $30M Series B Led by RRE Ventures
- NiYO Solutions Raises $13.2M in Series A Funding
- China's Renren Is Poised To Unlock Value From Its Investment Portfolio And Grow With Blockchain
- Chase Partners with AutoFi to Deliver Digital Car-Buying for Dealerships across the Country
- RealtyMogul Hires New Chief Investment Officer
- Online Marketplace Lender Nav Facilitated More Than 20,000 Small Business credit Approvals in 2017
- Dianrong Signs Strategic Agreement with Dalian Finance Development Bureau & Dalian Finance Industry Investment Group
- Spread Bettor IG Among Biggest Holders of Bitcoin Futures
- Fifth Third regains top CRA grade, an entree to M&A
- Roostify adds tech veteran Adnan Habib as vice president of engineering
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It’s not often we report on acquisitions in fintech. From my perspective this is because the industry is still relatively...
[Editor’s note: This is a guest post from Alexander Prokhorov. He is a managing partner and co-founder of FinSight Ventures,...
The report shares the highlights of securitization in the space which totaled $7.8 billion in 2017, up from $4.6 billion in 2016; SoFi was the leader in both volume and total number of ABS deals; report includes KBRA’s outlook for 2018, loan origination and ABS issuance by platform, performance and rating trends and more. Source
Marqeta has hired its first employee in London as it aims for a 2018 European launch; the firm provides payment card technology and works with other fintech firms such as Square and Kabbage; they have raised a total of $76 million, which includes a recent $25 million investment which was led by Visa; CEO Jason Gardner stated in a Business Insider interview, “The use-cases we see here in the US and Canada are very similar to the use-cases we see in Europe. Since our inception [we] have always seen ourselves as a global issuer-processor and Europe is obviously an enormous market.” Source
Petal uses information beyond credit scores like earnings, spending and savings to identify people who are a good fit for a credit card; users can then use the Petal card to build their credit history; the company raised $13 million led by Valar Ventures. Source
Investors across the US will now be able to invest in real estate loans originated by Groundfloor with as little as $10. Source
- Goji Secures Funding From Anthemis and AXA Strategic Ventures
- LendingClub Continues to Caution Investors Against Unsolicited Exchange Offer from IEG Holdings
- Enacomm and Advantel Partner to Equip Financial Institutions with AI Conversational Banking and Next-Generation IVR
- YieldStreet Raises $113 Million Financing Round to Disrupt Alternative Investing
- Crypto P2P lender ETHLend launches secondary blockchain partnership
- Ola, ICICI Bank partner
- US Banks Rely on Fintech Firms to Overcome Legacy Systems
- Ryan Feit, CEO of SeedInvest, Updates on 2017 Progress & Crowdcube Partnership
- Central banks are experimenting with blockchain technology — here's why
- Mike Novogratz is planning a crypto version of Goldman Sachs
- Ascentium Capital Exceeds $1 Billion in Funded Volume During Fiscal Year 2017
Groundfloor is a company that has been around since 2013, which is a long time when you consider just how...
Federal Reserve Board data shows that consumer debt reached all-time highs in November; the previous highs were in April 2008 when consumer debt totaled $1.021 trillion; according to the CFPB, “Most origination metrics we observe are near pre-recession levels. This is true across credit score tiers for both general purpose and private label cards. Approval rates have climbed for all credit score tiers since post-recession lows, even as application volumes have stabilized.” Source