Visa (NYSE: V), a leading global payments technology company, announced today the launch of Visa Minority Depository Institutions Accelerate, a...
One of China’s leading online wealth management companies Lufax is looking to go public in Hong Kong at a $60bn valuation; the South China Morning Post reports the company intends to file their application by the end of January; Lufax was last valued at $18bn in 2016, they have more than 33 million users and over $75bn in assets under management. Source.
One of the major obstacles for fintech companies has been going state by state to get licensed; however, regulators are...
A new survey by 12 Federal Reserve banks says 35 percent of small business owners who received loans from fintech...
Moody’s Investors Service had previously stated that companies like Ant needed to be more transparent about their asset-backed securities and their criteria for lending; Douglas Feagin, senior vice president of global business for Ant Financial stated, “The demand for these securities is very healthy and continuing to expand. That, at the end of the day, is the ultimate barometer of whether you're giving enough information to investors to invest. I think seeing that demand is evidence that we're sharing the right kind of information with them.”; article discusses the abs market broadly in China which has increased recently. Source
Quint owns four companies in the consumer credit sector including Monevo, Monevo Data Services, CreditAngel and MoneyGuru; according to the announcement: "The Queen's Award for Enterprise is widely recognized as being the UK's highest accolade for business success. The annual awards recognize British firms that have excelled in exporting, social or environmental good work, or innovation." Source
Poshak Agarwal and Rahul Subramaniam started Florence Capital to provide Indian women with the same access to capital that men enjoy.
Jianpu listed on the NYSE on November 16th under code JT; it is the fourth fintech company to IPO in the US in the second half of 2017; others included Quidian, Hexindai and PPDAI; Jianpu is a subsidiary of Rong360 and has an active user base of 95.8 million; the platform has provided 170,000 financial products in more than 350 cities. Source
deBanked reports that Bond Street has stopped making new loans; seven months ago Bond Street announced a $300 million loan purchase agreement with Jefferies; the WSJ outlines that engineers, product developers, and risk and marketing specialists will join Goldman’s consumer bank; Square is allegedly also in talks with some Bond Street employees. Source
Small business financer Fundbox introduced their business to business credit and payment tool, Fundbox Pay, last year; today they have...