Raisin is one of the most successful European fintech platforms having raised more than $200 million in equity capital from...
The Competitive Enterprise Institute (CEI), a non-profit DC think tank that advocates on behalf of free markets, has published a paper on stablecoins as well...
Arthur Levitt, former Chairman of the Securities and Exchange Commission, says the recent scandal at SoFi has cost them approval of their special bank charter; he tells the FT, “So for a company as aggressive as SoFi, I think the chances of that happening were slim. Now they become almost impossible.” Source
Amartha is an Indonesian fintech startup focused on using the peer-to-peer business model in rural areas of Indonesia; Amartha originally started as a microfinance institution in 2010, but that business model did not work; they moved to a peer-to-peer model where individual Indonesian investors fund the loans; they focus on small rural villages and to assess borrower risk they blend demographic profiling and psychometric tests to determine the probability of repayment; they currently have 5,000 investors and generate returns of about 15% to 17% structured as a profit-sharing scheme. Source
The findings from The New State of U.S. SMB Software promise to make an evolving sector even more interesting.
ING is to trial a carbon footprint tracking app from fintech Cogo with 350,000 mobile customers.
A new Senate proposal circulating yesterday would allow the Treasury and the Small Business Administration to enable fintech lenders as...
António Horta Osório took over as the head of Lloyd’s Banking Group 8 years a Gao and has since been...
Generation Z is defined as anyone born on or after 1995, this growing segment is the new holy grail for...