The Chinese fintech market has primarily been dominated by local giants but...
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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During the week I share the latest marketplace lending news on Twitter...
Among VCs featured in Institutional Investor’s list of the 40 top Fintech...
Robinhood is currently undergoing a new fundraising deal that values the company at approximately $1.3 billion with investment from DST Global; the undisclosed funding will add to previously raised capital of $66 million; the firm offers commission free trading on US stocks and has also launched a premium Robinhood Gold option for faster money transfers and margin trading. Source
Ron Shevlin writing in Forbes gives his perspective on Plaid’s launch of...
Lloyd’s Banking Group and Royal Bank of Scotland announce the closure of more than 100 branches; this is part of a wider trend for both banks who will now have closed more than 1,000 in the last few years; reasons for the closings include more UK consumers using mobile banking and the branch closures help to save significant costs. Source.
Lend Academy shares some of the biggest news stories of the year; includes Mike Cagney departing SoFi, the Cleveland Fed retracting their report on “p2p lending”, Prosper’s $5 billion deal, Renaud Laplanche’s new venture and more. Source
Some of Europes largest online lenders have started to grapple with the idea of potentially becoming a bank; Funding Circle says it has no plans to do so, Zopa on the other hand says they are becoming a bank; other online lenders like YOUnited Credit in France and Raize in Portugal have thought about becoming a bank but thus far see the flexibility of not being a bank as an advantage; the banking market overall is going through quite the change and the definition of a bank is sure to be examined. Source.
Adyen is a payments company based in Amsterdam and currently is valued around $2.3 billion; the company has over 4,000 clients which includes names like Netflix, Facebook, Uber and Spotify; Forbes profiles the company and their co-founder and president, Pieter van der Does. Source
Last week we learned that Kabbage was expanding internationally to India; they...