Challenging conditions have companies cutting funding from product development and workforces - some believe innovation is a better answer.
Despite bringing invaluable global talent to the US, international students face a critical hurdle to higher education - student loans.
Although it may seem like a hellish year for fintech, it's not all been doom and gloom. Significant headway has been made in developing tech.
JPMorgan asset-backed securities (ABS) analysts have highlighted marketplace lending securitizations, noting their growth and trending performance; cite marketplace lending ABS as one of the fastest growing securitization categories, increasing from $3.3 billion in 2013 to $9 billion in 2016; also say performance is better or similar to the broad market's ABS consumer loan securitizations overall with higher returns and lower default rates; additionally, the analysts report that credit characteristics on Avant's securitizations have improved. Source
LendIt’s sister company, NSR Invest, is looking for a new Investment Director who will be responsible for deal execution, deal...
With controversy around ESG investing coming to a head, solar loans could offer respite, doing good and doing well as an asset class.
Embedded finance has been caught in the convergence of instant payments and open banking. It could be its time to shine.
Bank holding company, CRB Group Inc., has received venture capital investment of $28 million from Battery Ventures LP, Andreessen Horowitz and Ribbit Capital; the large investment in a bank is unusual for venture capitalists which have mainly been known for early stage financing in new fintech startups; CRB Group however has been considerably growing its digital banking capabilities making the investment attractive for fintech venture capitalists; New Jersey-chartered, Cross River Bank, was founded in 2008 and has since partnered with numerous fintech startups to offer industry leading services for lending and payments; the bank is expected to use the investment to continue building on its industry leading fintech services; because the bank is FDIC regulated the VC investors will be limited in some of their investment activities. Source
The VC and startup community are tentatively settling into an optimistic action plan after SVBs failure. SVB Capital is still on the table.
Upstart's Q4 earnings showed a downward trend of losses, CEO, Girouard, remains positive despite cost cutting measures.