It has not been a smooth sail for smaller Mexican fintechs either, who have struggled to meet requirements.
After almost three years of operation, Ank, Itau's digital banking enterprise in Argentina, is moving closer to a shutdown.
In an American Banker op-ed, a senior fellow at the Cato Institute argues against the idea of allowing post offices...
Fintech lenders are technology first companies with often automated systems in lending to small businesses; but the process to help...
Though SPACs have been around for decades, the financial maneuver has gained traction as more private companies eye exit opportunities.
Tencent and Alibaba have built firms that enable them to write significant checks and have crowded out private equity and venture capital firms; SoftBank is the only other regional player on a similar level; they are not always driven by returns like traditional investors and this allows them to define success differently; some private equity firms are beginning to wonder if they are beginning to abuse their power; if a company receives investment from one of these giants they are also not held to the same pressures of a traditional investor like going public; these giants are helping to push innovation across the region and globe, but many are starting to ask at what cost. Source.
The new business line is part of a broader expansion plan the Pennsylvania bank announced in 2021.
Continuing their strategy of moving to balance sheet lending platforms the fund sold their entire holding in Prosper marketplace loans; the holding amounted to 4.1 percent of the company’s net asset value or NAV as of October 31st; the company also said they were able to reinvest all the process form the Prosper sale into balance sheet investments and have increased their balance sheet exposure to 79 percent of the fund. Source.
Clave, a leading fintech consumer lending platform in Latin America, announced a strategic partnership with Kandeo Asset Management, one of the leading private equity firms in Latin America, to expand digital consumer lending in Colombia. Clave's technology provides a comprehensive lending and payment solution offering point of sale, BNPL and payroll discount lending to merchants...
John Collison makes the case for two trends that might bolster fintech and other internet-based businesses as the world braces for a widely expected US recession next year.