This acquisition consolidates Yaydoo's position as the largest provider of payment solutions in the Latin American B2B market.
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It all started with a cold LinkedIn message back in 2016. The co-founder of the (then) tiny startup Nova Credit,...
Banking as a service is one of the hottest trends in fintech today with fintechs, service providers and banks all...
Nontraditional data is relevant across Africa as credit bureaus don't have the historical depth their Western counterparts enjoy.
Chatbots are a great tool for banks to appeal to tech-savvy customers at a lower cost compared to a standalone app; according to Business Insider, DBS uses Kaisto’s Kai which allows customers to use Facebook Messenger to process transactions; Swedbank is currently using Nuance’s NINA to better serve customer inquiries; article shares other companies using chatbots and why this is a segment positioned for continued growth. Source
Crypto startup Nomad this week lost around $190 million in a devastating security exploit.
While speaking on Business Insider’s podcast “Success! How I Did It” Affirm CEO Max Levchin shared the story about how he started PayPal; Levchin moved out to Silicon Valley after starting a business that didn’t succeed and was sleeping on his friend’s floor; he saw Peter Thiel deliver a lecture and stayed after to chat with the then hedge fund manager; they met the next morning for breakfast and Thiel liked one of his two ideas, he decided to invest and that was the company that became PayPal. Source.
UK payment aggregator Curve is launching its own credit offering later this year called Curve Credit; they began testing the...
Business Insider interviewed Renaud Laplanche last week at LendIt Europe; on his exit from Lending Club, Laplanche stated, “It was very, very frustrating. I'm not commenting on the story, but the best way to actually understand what really happened is to read the filings. I think the press made it sound a lot worse, a lot more sensational, than it really was.”; he is taking what he learned from building Lending Club and applying it to his new company Upgrade; Laplanche stated that he hopes to launch a new product each year with possible expansion into mortgages, auto loans, credit cards, home equity and lines of credit. Source