Issuance in Q4 2018 totaled $2.6 billion, the slowest pace of issuance in 5 quarters; this represented a decrease of...
Fintech firm Klarna reveals that most consumers don't know how exactly much interest they're charged when using credit cards.
The industry wide thinking is that most people who use check cashing or pre-paid cards were making a big mistake; banking executives believe check cashing and pre-paid cards are a lot more expensive than bank accounts, but the reality shows a different picture altogether; University of Pennsylvania Professor Lisa Servon wanted to understand why the check cashing industry was such big business and why people were using these services instead of banks; what she found was, if you factor in account fees and overdraft charges, banking was more expensive for people living paycheck to paycheck; these individuals were consciously making the choice to not use banks and she found that there were three main reasons for this trend: cost, transparency and service. Source
The fintech community's one-stop-shop for all things lending and digital banking. Conferences, podcasts, news, webinars, & white papers showcasing the latest in fintech.
Fintech funding rounds of this size are few and far between- Zopa plans to use the investment to further its plan to "be Britain's best bank."
Mendel, a corporate spend management solution for enterprises in Latin America, announced today that it has secured $35 million in debt and equity. The Mexico-based startup closed the $15 million Series A round and $20 million debt financing after participating in Y Combinator’s Winter 2021 cohort. ALLVP and Infinity Ventures, a firm founded by a...
Instead of a hard sell, Chime, Simmons First and others are trying to convey the benefits of their products in simple terms and in a conversational tone.
Just as it wasn’t over when the Germans bombed Pearl Harbor (according to Blutarski in the movie Animal House, at least), the fintech revolution isn’t over just because the valuation of two companies (Klarna and Robinhood) has declined.
Peter Renton, Founder of Lend Academy and Co-Founder of LendIt shares his perspective on the likely fintech IPOs in 2018. Source
VC-Backed Fintech Companies Can No Longer Move Fast And Break Things Traders Finding More Arbitrage Opportunities in Bitcoin VC Deals...