Funding is suddenly scarce as venture capital firms grow stingy, forcing young companies to get frugal and focus on breaking even. “This is clearly not a speed bump.”
OpenSea Phishing Attack Causes Concern in Hot NFT Market [u]. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Consumer and small business credit scoring platform, Nav, will now offer its small and medium-sized enterprise customers loans and financing services by Bank of America; Nav uses its MatchFactor algorithm to help show borrowers their chances of approval and have thus far helped to facilitate funding to over 160,000 companies; Nav CEO and Co-Founder Levi King said, "We are proud to partner with Bank of America, giving business owners even more ways to access the financing they need." Source
According to the WSJ, clients have been withdrawing more money than expected from the hedge fund; Pine River was best known for its profits after rebounding government-backed mortgages following the financial crisis; Pine River manages roughly half of the $15 billion it managed in 2015. Source
While speaking as a keynote at LendIt Europe 2017 Zopa CEO Jaidev Janardana said old school banking was a zero-sum game; he explained how Zopa is looking to build what he thinks will be a fairer bank based on customer needs; they are currently about halfway through the licensing process. Source.
Santander Corporate and Investment Banking (Santander CIB) and SAP Spain reached an strategic partnership with the aim to boost digitalization across Global Transaction...
Last year was a busy year for the US fintech industry, which welcomed 15 new companies on the public markets. Investors were betting big on fintech startups, but this confidence seems to be dying out.
Companies like Opendoor opened the door to a new way of buying and selling properties by inserting a strong middle player who could buy houses or apartments and redevelop them at scale, and then sell them to new homeowners at a profit. Now Clikalia, another player in the so-called iBuyer space, has raised €75 million...
Monzo users might see their credit scores take a hit due to the digital bank sharing data only with TransUnion...
The native asset of NEO, formerly known as AntShares, has risen by more than 12,000% in the last seven months, according to figures from Coin Market Cap; NEO comes mostly with similar capabilities vs ethereum, just that NEO's smart contract platform NEO 2.0 supports traditional programming language while ethereum has its own programming language, Solidity; this edge will be crucial to making it a better option over ethereum for running initial coin offerings (ICOs) especially for upcoming Chinese projects. Source