LendUp aims to improve the financial health of their customers through various products and initiatives; the interview covers a wide variety of topics including the subprime customer in the US, who they lend to today, their 2018 plans, their proprietary technology and more. Source
Balderton Capital is best known for their fintech investments in Nutmeg, Revolut, Crowdcuve and Prodigy Finance; the firm has now launched their sixth fund totaling $375 million from investors in Europe, Asia and the US; they have made 10 investments across five countries since March. Source
Hi there and welcome to Funded, where we spotlight early-stage bets on the future of tech. Today, we’re looking at...
While many "green" fintech startups like Aspiration or Sugi appear on the market, their infrastructure can stay environmentally harmful.
The Trump administration is looking to potentially name the chair of the National Credit Union Administration to lead the CFPB; J. Mark McWatters has been seen as being a bigger credit union advocate over banks; bankers are concerned because his public record has indicated he lobbies more for breaks that favor credit unions over banks; while a decision is yet to be made bankers are hopeful that the administration will consider those from the banking community as well. Source.
Veteran of IBM’s Deep Blue launches AI-based cybersecurity company What does a recession mean for fintech? US challenger Rising Bank...
Naspers is the most valuable listed company in Africa and is now selling $10 billion worth of shares in Tencent to invest in fintech, classified and online food delivery businesses; Naspers stake in Tencent is estimated at $545 billion; this is the first time the company has sold shares in the company after initially investing in 2001. Source
Where The UK Fails On Anti-Money Laundering Fintech venture capitalists to banks: Stay out of our lane Offerpad Closes Series...
Banco BNI Europa and Varengold Bank AG have committed £90 million and £45 million respectively to MarketInvoice; MarketInvoice offers business loans and invoice finance through their platform and already has a variety of investors participating on the platform; Banco BNI Europa previously invested £28 million in 2016 and another £45 million in 2017; Varengold previously committed £45 million in September of 2017; MarketInvoice recently crossed the £2 billion mark. Source