Lend Academy features two companies, Landed and Fundrise, who are taking a unique approach to building to new homes and providing down payment assistance. Source
JoinedMay. 30, 2017
Articles5,303
Comments63
This piece was created by one of our content team members. Reach us at [email protected]
It seems like almost every day I see a story about increasing real estate prices in the major metropolitan areas...
Paytm Payments Bank is aiming to have 500 million accounts offering a wide range of financial services products; the bank launched officially on Tuesday; they are unveiling their money market fund, launching a debit card and will have the capabilities for businesses to open up accounts. Source
SWIFT says that digital heists are on the rise as hackers are becoming more sophisticated in their tactics; they are recommending that banks increase security of computers used to transfer money; a Bangladesh Bank lost $81 million back in February, 2016 and there are more recent examples of hacks; the report provides details on the new methods hackers are using. Source
Equbot has created an AI Powered ETF (ticker: AIEQ); it analyzes massive amounts of data to create a portfolio of 30-70 stocks; some of the data sources include regulatory filings, quarterly news releases, articles, and social media posts; a major difference of the fund is that the bot’s methodology can be explained; the fund launched on October 18, 2017 and has about $70 million in assets. Source
The online lender has started a new marketing push to highlight new product offering to millennials; the company placed ads over the Thanksgiving holiday on TV and in newspapers with a unique twist on Black Friday. Source
- Upgrade and Corridor Collaborate on Big Data and Credit Analytics
- Elevate’s RISE Product Surpasses $300 Million in Outstanding Loans
- Next Generation Small Business Credit Policy - LendingClub
- World's largest bitcoin exchange, bitFlyer, enters the US
- Blockchain startup AlphaPoint names Nasdaq EVP Salil Donde CEO
- Why Social Impact Matters in Tech: How LendUp Saved our Customers More Than $150 Million Dollars
- TechCrunch Founder Arrington Raising $100 Million XRP Fund
Historically online lenders have relied on a wide range of alternative ways of evaluating borrowers; the state-backed National Internet Finance Association of China which is aligned with China’s central bank has provided some details on developing a credit rating system; some industry participants question whether they will be able to overcome issues that have prevented similar plans in the past. Source
Balderton Capital is best known for their fintech investments in Nutmeg, Revolut, Crowdcuve and Prodigy Finance; the firm has now launched their sixth fund totaling $375 million from investors in Europe, Asia and the US; they have made 10 investments across five countries since March. Source