Mounting cryptocurrency adoption in Latin America is drawing investment capital into the region, signifying that growing interest.
This podcast features podcaster and author Laura Shin. She discusses the crypto space and her new book called The Cryptopians about the founding story of Ethereum and the ICO craze of 2017.
Feeling the pressure of rising digital demands, banks are investing to improve customer experience, but lack confidence in their progress.
David Lin, Head of Credit at PayU gives his take on expanding credit and how this looks in practice with their investment in Kreditech. Source
The Curo Group targets underbanked consumers through WageDayAdvance in the UK and Speedy Cash in the US; they went public on Wednesday at $14 a share and were up more than 2.4 percent in their first day of trading; the former head of the CFPB led a Industry crackdown on payday lenders but new leadership points to those restrictions being lifted; the company charges about $25 per $100 borrowed and are backed by private equity group Friedman Fleischer & Lowe. Source.
New research from Equifax Touchstone shows that automated investment has become a wider trend in P2P and wealth management; 82% of 141 surveyed investment advisors said they have a consistent approach to allocation and monitoring for clients; P2P platforms like Funding Circle recently removed self selection and instituted an autobid process for investors; John Driscoll, director at Equifax Touchstone, tells AltFi, "This approach helps strike the right balance between risk and return, particularly important in a world of increased market volatility."; according to Driscoll the FCA has been a main driver of this trend to ensure risk is maintained correctly for investors. Source
This new investment tripled Menta's valuation, which now plans to consolidate its position in Mexico, Colombia, and Argentina.
UK listed small business lender Funding Circle's partnership with Pitney Bowes will give customers of the global shipping and mailing company access to financing arranged through the Funding Circle platform.
Monzo has received a full banking license from the Bank of England's Prudential Regulation Authority and the Financial Conduct Authority; the licensing follows new fundraising that meets the banking capital requirements; it now plans to launch a current account and a current account overdraft product. Source
One quarter into 2022 and earnings from top fintech public companies are not pretty: regardless of revenue, prices crashed.