Since expanding globally in 2019 Visa has grown their Fast Track program to include more than 140 fintech companies; the...
With Figure in the news this week completing their first securitization using blockchain we thought it would be interesting to...
Banks have started to come to terms with the importance of the cloud and what it means to their business;...
The $1.4 billion price tag for the UBS-Wealthfront deal matters because it could impact exit values for not only other startups but also hundreds of millions of dollars of invested venture capital.
Chinese authorities on Monday ordered a ban on initial coin offerings (ICOs); a PBoC statement ordered that ICO activities should be halted starting from Monday, and ICO platforms should not engage in exchange services between fiat currencies, virtual coins and tokens; two of China's leading ICO platforms, ICOAGE and ICOINFO, had already halted services before the official statement came out. Source
Banks like Capital One have been investing in creating a cafe style space where people can come to drink coffee and work while also having interaction with a bank but not in the traditional branch way; the idea is to have the bank maintain a presence, get deposits but not have a full branch; “If you can imagine people popping these things up — the competition for community banks would get overwhelming,” said Robert Mahoney, CEO of the $2.5 billion-asset Belmont Savings Bank in Massachusetts, to American Banker. Source.
Alibaba has reportedly increased its bid for payments company MoneyGram; Alibaba initially announced the acquisition in January which will broaden its payments network; new terms of the deal increase the offer price to $18 per share from $13.25 and have been approved by the board of directors; the increased deal value follows a competing bid from Euronet Worldwide. Source
The firm is targeting capital at early-stage investments in enterprise, consumer, hardtech, fintech and healthcare companies.
In exchange for an unannounced percentage of ownership, a16z START offers early-stage founders up to $1 million in venture capital. The checks are powered by a16z’s seed fund.
We are now getting a sense of the impact of the coronavirus crisis on lenders; yesterday, LendingClub announced their Q1...