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Fintech

·Nov. 16, 2021

Credit card start-up Upgrade jumps 83% in valuation in just four months to $6.28 billion

Upgrade, the fintech start-up that turns credit card balances into installment loans, has closed a fundraising round that values the...

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Fintech

·May. 27, 2022

Viola Credit launches $700m alternative lending fund

The asset manager has deployed over $1.1bn to date in structured, asset-backed loans to fintech companies disrupting traditional lending, property and insurance markets....

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Fintech News Roundup USA

·Feb. 15, 2018

Lend Academy Article: Bipartisan “Madden Fix” Bill Passes the House

The Protecting Consumers’ Access to Credit Act of 2017 was passed by the US House of Representatives. Source

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Fintech

·Jun. 17, 2022

Despite regulatory inaction, interest grows to regulate under the Fintech Law

Desde la llegada de Jesús de la Fuente a la presidencia de la comisión, ninguna autorización ha salido con su firma y hay retraso en reglas secundarias.

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Fintech News Roundup USA

·Mar. 23, 2017

Coinbase Receives New York Approval for Cryptocurrency Trading

San Francisco-based Coinbase has received approval for digital currency trading of Ether and Litecoin in New York; the company was also granted approval for a debit card service called Shift Card; with the approval, Maria Vullo and the the New York State Department of Financial Services reiterated their position on the OCC's fintech charter, noting the importance for state fintech oversight. Source

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Fintech News Roundup Online Lending

·Jan. 5, 2017

Banking and Lending Represent Majority of Fintech Funding Deals in 2016

Data from Financial Technology Partners reports over 1,500 funding deals from over 1,700 investors in 2016; these deals accounted for $36 billion in fintech financing; data by fintech category can be seen in the chart below with banking and lending companies accounting for 29% of the year's total deals; payments, loyalty and ecommerce accounted for 22%; securities, capital markets and wealth management also reported substantial interest from investors with 19% of the deals funded. Source

fintech-funding

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Fintech News Roundup USA

·May. 8, 2020

Payments Leaders Hope New Behavior Sticks

Payments leaders PayPal and Square have both found the current crisis to be a challenge and a boost to their...

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Fintech

·Mar. 4, 2022

Walmart takes on Western union with low-price money transfers to Mexico

Through Walmart2Walmart, customers can send money from any U.S. Walmart to any Walmart store in Mexico for as little as $2.50 per transaction.

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Europe Fintech News Roundup

·Sep. 28, 2017

Ranger Direct Lending Fund Expects Significant Cut to Dividend

AltFi reports that Ranger Direct lending Fund could see the second half dividend payout cut in half as compared to the first half of 2017; they cite legal fees, downward revisions to expected returns of platforms and cash drag due to reallocation of funds from closing platforms. Source.

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Fintech News Roundup

·Jan. 11, 2017

New Global Fintech Index

The FactSet Global FinTech Index has been launched by FactSet; it includes 88 companies involved in financial technology globally; Nikko Asset Management has licensed the Index for its Global Fintech Equity Fund; US credit providers in the Index include PayPal and Square. Source

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