In episode 366 we talk with Sandy Kemper, the CEO and founder of C2FO, discussing working capital and how to unlock the $40 trillion stuck in global accounts receivable...
Robinhood has become one of the hottest fintech companies on the planet which has helped them to amass a valuation...
Clear, India’s leading fintech company, announce a $75 million fund raised by Kora, Stripe, Alua Capital, Think Investments and investors.
A study of around 15,000 consumers in 15 different countries by Dutch bank ING found that the British are wary...
Several established fintechs in key global locations saw a massive cash influx this week, and an announcement of an expanded partnership between Citizens Financial Group and Microsoft brings buy now pay later (BNPL) services to U.S. consumers. Nubank Brazilian neobank Nubank led the news this week when its initial public offering (IPO) raised $2.6 billion,...
Making news this week was Affirm partnering with Stripe, an OpenSea executive getting charged with insider trading, Binance Labs closing a new fund, Ripple and FTX on the hunt for acquisitions, Nav teaming up with Marcus and more.
UK digital bank Monzo is reportedly laying off 120 staff due to the challenges of the current economic situation; this...
Zopa launched its Plus product one year ago; the Plus product is the firm's highest risk and highest return offering; investors are reporting a 6% short-term return for the loan investments which fall in two additional risk categories: D and E; since introduced the platform has lent more than 100 million British pounds ($124 million) from approximately 9,000 investors. Source
UK online marketplace lender ThinCats is the latest P2P platform to receive full authorization from the Financial Conduct Authority (FCA); the firm is a secured business lender and says it has a number of developments in progress including the launch of an IFISA; in comments regarding the authorization, John Mould, CEO of ThinCats, said: "We are delighted to have been granted FCA authorization, proving the dedication of our team and processes. We are very happy that more and more alternative finance providers are now being authorized, as it ultimately proves that the industry deserves the trust and confidence of investors, advisors and SME borrowers alike." Source
In their recently completed review, the Financial Conduct Authority (FCA) was particularly worried about some platforms using customer money to buy loans from rival platforms; FCA CEO Andrew Bailey explained that platforms don't have enough loans to present so in turn they use investor money to buy up loans from a rival platform; this is worrisome as investors are not being told the correct risks; Mr. Bailey did not disclose any platforms by name and said the issue was not widespread but worth keeping an eye on. Source