Fintech

I find it interesting reading the articles about toxic cultures at Revolut. If you Google “Revolut Culture”, the second search item is this one: “You’re nothing but a number to them with dollar signs attached.” That’s how Revolut, one of the fastest growing fintech startups in the UK, described traditional …

Asenso Finance and a community development financial institution, the National Asian American Coalition, have developed a loan aimed at borrowers with limited credit histories. The underwriting relies in part on alternative data and borrowers are required to take financial literacy courses.

Ribbit Capital, a venture firm best known for its fintech investments, has raised $1.15 billion in new capital in what appears to be a close of its seventh fund, according to a filing with the U.S. Securities and Exchange Commission (SEC).  The new fund, dubbed Ribbit Capital VII LP, is believed to be the final...

Fintech: Research Indicates that 9% of Teens Have Traded Crypto, PayPal is Top BNPL Option, Cash is King for Payments. | Crowdfund Insider: Global Fintech

Some FinTech firms are quite old. Depending on how you call it PayPal, Zopa and others have been around for a couple of decades. They saw a downturn in 2008 with the financial crisis, and survived. But we are now in a different situation.

I met with some friends the other day, who showed some stats that demonstrate that all FinTech is worth a third of all of the banking market worldwide. Source: CFTE’s Fintech Job Report [sum of largest 100 banks (market cap) vs sum of largest 100 Fintech companies (market cap + public valuations)] …

Startups in the U.S. and Canada are emphasizing features such as virtual issuance and receipt capture in creating expense cards for business owners.