News Roundup
This page contains an archive of the Global Newsletter summaries and the weekly fintech news roundups.
Every day the Fintech Nexus news team scours the globe for the most important stories of the day to include in our daily newsletter.
Then every Saturday we bring you our weekly news roundup of the top 10 fintech stories of the week with commentary from Peter Renton.
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- Trustly partners with Emric, part of Tieto
- Disruptive lending technology to assess applicants on verified income - The ID Co.
- Mintos marketplace exceeds 35,000 investors
- Creditshelf Announces Results of New SME-Study at LendIt Europe 2017 Conference
- Global Online Lender Issues €120M In Credit Lines to SMEs - Spotcap
- LendIt Launches the BlockFin Summit
- Digital Dunning and Debt Collection: collectAI manages 25m Euro in Receivables
- Afluenta Celebrates Its Fifth Anniversary by Adding Commercial Loans to a New and Smarter Platform
- Crowdvouching service Suretly, raised $2.8 mln in August, is launching beta version in 6 weeks
- Oakam Accelerates Financial Inclusion in the UK with Alternative Data
- Linked? ?Finance? ?Launches? ?Pension? ?Investment? ?Product
- ArchOver Headed for a Record Year of Lending
After raising more than $232mn in an initial coin offering the company is now involved in a legal battle that could delay the launch into 2018; the dispute highlights the risk involved in the new form of financing since companies are raising money from a concept; how the case turns out could potentially effect future fundraising and whether or not investors feel secure enough to pour capital into young companies. Source.
Chinese fintech company QuantGroup has filed an IPO application with the SEC, planning to raise $200 million from IPO; QuantGroup will start evaluating the needs of potential investors in as early as September; JPMorgan Chase & Co and Morgan Stanley are working as the financial advisors for this IPO. Source (Chinese)
- CFPB Issues Request For Information On Rulemaking Processes
- New consortium to tackle the problem of risky fintech innovations
- Fintech lender iwoca pledges £100m for Northern SMEs by 2020
- Folk2Folk Lenders Provide £200 Million to Rural Businesses in the UK
- LendingTree Mortgage Offers Report – February 2018
- QuantumReverse Expands Its Team
- Report: 2017 Real Estate Investment Survey (RealtyShares)
- iintoo Returns Net 15.95 Percent on Exited Deals, Outperforming Online Real Estate Investment Marketplace
- Why institutional investors are turning to marketplace loans (LendingClub)
Over 50% of Americans can not afford an unexpected expense of $400; at LendIt USA 2017 we hosted a fireside chat focused on helping Americans save; a key area that companies look at is an individual's spending as a way to help change their behavior to save more; round up from the everyday coffee you buy or set goals through your lifestyle; each way can help individuals to better set aside money when needed, as well as invest for the future; technology today allows for companies to better help individuals who thought they were left out of the investment community; the chat also focused on why they believe as a startup they can help to solve the financial inclusion question as opposed to the incumbent banks; the discussion also touched on the future of their businesses, current partnerships with top consumer brands and potential add ons for their current product offerings. Source
In December 2016 real estate P2P lender Wellesley began a fundraising campaign on Seedrs and also received a First Gazette notice for late accounts; a recent report from the Financial Times says the company is dependent on raising new capital in order to stay in business; its Seedrs campaign is targeting 1.5 million British pounds ($1.85 million) and has raised 195,000 British pounds ($240,280). Source