Robinhood’s Struggles Continue: Its Cofounders Are No Longer Billionaires, Shares Down 60% Since IPO
Robinhood shares have lost more than half their value since the company’s IPO last summer.
The Rhode Island bank estimated that its revised overdraft practices will cost $40 million each year, but it noted that complaints to call centers are down 40% since the policy change.
After coming out of 'stealth' with a $31 million Series B in August, the embedded lending architecture fintech jaris announced a partnership with HoneyBook.
Coinbase and Mastercard announced a partnership to offer users more "payment choices" on the upcoming Coinbase NFT platform.
A fiat-to-payments-and-back app is needed for cryptocurrency to fulfill its original backers' vision and provide real-world utility.
Digital lending software provider Blend reveals that they're helping to increase homeownership opportunities by leveraging data and automation.
A group of community banks and two major trade associations have formed a partnership with and invested in the fintech NYDIG to offer the service on the banks’ mobile apps by midyear. The banks say it will help them generate revenue and retain customers interested in cryptocurrency.
The nation’s sixth-largest bank will offer a $750 line of credit to customers who need short-term liquidity, and will gradually become less reliant on older accounts that charge the controversial fees. With the plans, Truist is moving in the same direction as many large and midsize banks.
Milo, a Miami-based digital lender, will soon offer a crypto mortgage to clients with digital assets. And clients can finance 100% of their purchase
Shares of SoFi rallied on Tuesday following news that the fintech cleared its final regulatory hurdle in becoming a bank.