Fintech

“Companies are increasingly adopting new technologies to provide workers with fast access to earned wages instead of following the traditional two-week pay cycle. While the earned wage access (EWA) trend first took off in the gig space, we think EWA will soon revolutionize the entire payroll space.

"Getting rid of overdraft solves part of the problem, but it also can hurt customers who are relying on those funds to get by, even though it's a very expensive credit," said the fintech's top executive, Jason Wilk.

VC levels for proptech funding returned to pre-pandemic levels with investments shifting from early-stage to mid and late-stage companies.

Cross-border FinTech platform Taptap Send raised $65 million in a Series B funding round led by Spark Capital, bringing its overall funding to $80 million.

Credit unions are looking for approval to hold digital assets like Bitcoin directly, after a federal regulator clarified they can provide cryptocurrency services to customers by partnering with third parties. 

The Consumer Financial Protection Bureau sued LendUp in September, alleging that the digital payday lender consistently misled customers about the benefits repeatedly using its loan products.

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.

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.

Serial fintech entrepreneur Walter Cruttenden founded Acorns with his son, Jeff, in 2012 with the goal of helping low- and middle-income households invest and save responsibly. The pair wanted to simplify investing for the millions that have trouble getting started or continuing to invest. Then in 2018, Walter went live with a new company —...