Two venture capital funds rose out of the primordial Substack ooze last week, both founded by voices from the fintech industry.
Credit Karma is best known for offering free credit scores; they now have 100 million users and are valued at...
According to Sifted, European fintechs raised a record $8.5 billion in capital last year; most of this capital comes in...
We’ve seen many banks who have launched their own fintech offerings; NatWest with Mettle and Bo is one example and...
Intuit (Nasdaq: INTU) today announced Money by QuickBooks, the latest addition to a comprehensive and ever-expanding suite of QuickBooks offerings that power small businesses with the ability to get paid and manage their cash flow.
Bitcoin exchange Coinbase is reported to have brought in more than $1bn in revenues this past year; according to a report in Recode the revenue figures for Coinbase were supposed to be $600mn but the period between Thanksgiving and Christmas pushed them to over $1bn; the company has also seen spikes in users, with more than 100,000 users signing in over the Thanksgiving day weekend. Source.
Northwestern Mutual has formed Northwestern Mutual Future Ventures which will invest in fintech firms; according to the press release, the commitment will focus on innovation to build greater digital relevance for clients, increase data-driven decision making and create back-end efficiencies with the goal of creating value for its more than four million clients; investments will range from $500,000 to $3 million; the company has already seen benefits from the acquisition of LearnVest in 2015 and is looking to invest more in similar companies. Source
Banks are feeling the hurt like everyone else and they need to operate in a new reality; many have started...
In this week’s PeerIQ Industry Update they cover the mixed economic news at the end of 2019 into early 2020;...
Small banks are unable to put endless resources into projects to test new technologies and must be more strategic in...