In China only prime consumers have credit cards with just 21% of the population carrying one; the delinquency rate on...
One of the hottest trends on Wall Street has found its way to the fintech market. A SPAC or special...
Last month, Geopagos left its bootstrap status and took $35 million in funding to grow aggressively into Brazil.
Sources report that Chinese online property and casualty insurance company Zhong An is planning for an initial public offering (IPO) in China; the firm was founded by Alibaba's Jack Ma, Tencent's Pony Ma and Ma Mingzhe from Ping An Insurance Group of China; a primary product for the firm is e-commerce shipping insurance which accounts for approximately 50% of the business; currently the firm's major shareholders include Ant Financial with 16% and Tencent Holdings Ltd. with 12%; in 2015 it reported a valuation of $8 billion and it currently plans to raise an additional 2 billion yuan ($290 million) to help it prepare for the IPO. Source
The Chairman and CEO of ConnectOne Bank, a community bank provides his perspective on small businesses and banks embracing technology in all aspects of their business; ConnectOne is a forward thinking community bank which recently moved lending operations to the cloud; they look to meet the needs of their clients however they want to interact, even if that means coming to a bank branch. Source
The House Small Business Committee heard from Small Business Administration borrowers who testified at a hearing last week; they discussed...
Razer is most known for their gaming laptops and accessories; they have now announced a partnership with Visa for a...
Lithuanian fintech startup Kevin said Tuesday that it has raised $65 million in a Series A round led by Accel.
Tuesday, Pinwheel launched Earnings Stream, providing up-to-date historical, projected income data, with built in analytical capabilities.
Facial recognition startup Megvii Face++ raised $460mn in their most recent investment round led by China State-Owned Venture Capital Fund and the China-Russia Investment Fund; Ant Financial was also involved in the round and the company did not disclose valuation, though their most recent round valued the company at $1.5bn; Face++ uses facial recognition to identity people and counts Ant Financial and the Chinese government as two of their biggest clients. Source.