Executives from Goldman Sachs and Stripe sparred last week at CB Insights...
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.
To join our newsletter community please subscribe here.
When most individuals look for a loan, they traditionally turn to banks...
NSR Invest, which allows Lending Club and Prosper investors to analyze loan data and direct investments, has made Prosper's Q3 data available; users can now backtest the most recent Prosper loan data and view trends of older vintages yet to reach maturity; originations for Q3 2016 totaled $311 million. Source
Business commerce and supply chain finance platform, Tradeshift, received an undisclosed equity investment from Santander InnoVentures; the capital will be used for expansion of their current platform and for growing the ecosystem around their B2B marketplace; Tradeshift is a business commerce platform where companies can buy, sell and tailor their B2B solutions. Source
It seems like SBF is in the news every week lately, as is Goldman Sachs. Also making news this week we have Ramp getting into BNPL and blockchain making inroads on Wall Street. Here are what I consider to be the top ten fintech news stories of the past week.
In Orchard's December 30 Weekly Snapshot it highlights reports from Even, the Consumer Financial Protection Bureau and American Banker; in online lending stocks, Square reported the highest monthly return, trading at $13.73 for a gain of 6.11%; in UK listed stocks, the VPC Specialty Lending Fund led monthly returns with a gain of 8.01%; in US listed marketplace lending funds, the River North Marketplace Lending Fund had a one month return of -0.87%. Source
Representatives Jared Polis (D-Colo.) and David Schweikert (R-Ariz.) have announced the creation of a Congressional Blockchain Caucus; in comments regarding the Caucus, Jared Polis said, "Lawmakers need to understand that as the world rapidly changes, it's our responsibility to ensure that we craft policies and adapt laws that match our ingenuity."; the Caucus has already gained considerable support and will seek to educate, engage and provide research on blockchain innovation and issues that could require regulatory guidelines and laws. Source
Kabbage is now accepting applications from small businesses under the Paycheck Protection...
PitchIt @ LendIt Europe is one of the industry's most popular startup competitions providing eight finalists with unparalleled access to industry expertise and funding opportunities as well as invaluable exposure, branding and more at the event; hosted in partnership with Startupbootcamp, the event also offers fast-track status to the finalist round for Startupbootcamp Fintech Accelerator as one of its prizes; interested startup companies must submit their application by September 4 and finalists will be announced on September 10; more details about the competition can be found here. Source
This Forbes piece digs into how financial services companies might be impacted...