Peter Renton, Founder of Lend Academy and Co-Founder of LendIt shares his latest quarterly investment results; Renton earned an overall 5.01% return for the 2017 calendar year with his investments in LendingClub, Prosper, P2Binvestor, Peerstreet, Streetshares, AlphaFlow, Money360 and YieldStreet. Source
On Tuesday, TransUnion launched TruValidate Device Risk to reduce false positive applications that the firm said cost businesses billions.
Some banks have recently started automatically increasing credit card limits for customers; the credit card companies hope that doing so...
Over 50% of Americans can not afford an unexpected expense of $400; at LendIt USA 2017 we hosted a fireside chat focused on helping Americans save; a key area that companies look at is an individual's spending as a way to help change their behavior to save more; round up from the everyday coffee you buy or set goals through your lifestyle; each way can help individuals to better set aside money when needed, as well as invest for the future; technology today allows for companies to better help individuals who thought they were left out of the investment community; the chat also focused on why they believe as a startup they can help to solve the financial inclusion question as opposed to the incumbent banks; the discussion also touched on the future of their businesses, current partnerships with top consumer brands and potential add ons for their current product offerings. Source
Sources have reported that Zhongan is no longer considering an initial public offering (IPO) in Hong Kong or the US due to a shifting market perspective; international interest and competitive pressures are cited as the main factors for the change in the IPO strategy; the insurance company was planning for an IPO in Hong Kong or the US sometime in the first few months of 2017; the China listing will likely delay the offering and the firm has not disclosed its new timing. Source
Stori, a fintech company founded in Mexico in 2018, has become a unicorn after raising $150 million in a Series C-2 financing round.
While several major crypto trading platforms are making large-scale layoffs and freezing hiring, some of their rivals have rushed to reassure their staff and the public that they are sticking to their recruiting plans despite the current market downturn.
The Federal Reserve’s aggressive tightening is putting some pricing pressure on digital banks that rely on high-yield savings accounts. But the increases are not keeping pace with the central bank’s rate hikes, and the caution may continue in the face of economic uncertainty.
A new study by Chainalysis says crypto terrorism funding is becoming more sophisticated and harder to track for authorities; terrorist...
Fed Reserve Governor Christopher Waller said that FedNow will launch a country-wide interstate highway for payments in about six months.