Caribou (formerly MotoRefi), a Washington, DC- and and Denver, CO-based auto fintech enabling people to take control of their car payments, closed $115 million in Series C funding round, which brings the valuation to $1.1 billion
Revolut CEO Nikolay Storonsky says that fintech is just getting started and the best is yet to come; “Fintech is...
The Financial Times reviews company and loan performance at various online lenders; shares that Shanda Group bought more shares of LendingClub after forecasts were adjusted last week; LendingClub also recently stopped making F & G grade loans available to investors; broadly, delinquency rates have increased across online lenders; valuations of other companies such as Earnest and Prosper have also been affected. Source
In preparation for the London Fintech Nexus Merge event, Nexus launched a Crypto Winter podcast and webinar series to address the challenges and opportunities of this Crypto Winter.
TCF Financial has stepped away from the auto lending business while Regions Financial and Fifth Third Bancorp are tapping the breaks according to American Banker; lenders are concerned with credit, regulation as well as low yields; some expect the trend to continue while creating an opportunity for lenders who stick around. Source
At the end of November 2021, the interoperability of QR codes began to govern in our country , a fundamental milestone that will allow the dynamics of collections and payments to be taken to another level, comparable to the irruption of checks, credit cards, etc. credit or debit cards.
Forbes reports that Vanguard is leveraging blockchain technology to ingest data on mutual funds totaling $1.3 trillion of their $5.2...
Samir Desai has landed $30m for a mysterious new venture in the payments space....
At LendIt Fintech USA 2018, in his first public appearance as the new SoFi CEO, Anthony Noto spoke with Emily...
The U.S.-based networks are offering credit cards and other products through financial technology companies that otherwise could allow consumers in the region to bypass bank-issued cards.