Digital nomads are those who travel often and work many jobs as...
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.
In an interview in American Banker, Meiler discusses Marlette’s culture which aims to keep employees informed of the company’s goals; their strategy includes quarterly all-hands meetings with the company’s 100 employees to share what the goals are for the next 90 days; Meiler also shares how the company shifted its focus to profits given the changing environment and how this resulted in $11 million in GAAP profits last year. Source
Alfa Finance Group has launched a new P2P lender in Latvia called DoFinance; the platform is available in all EU and EEA countries and will focus on consumer loans; it has over 150,000 registered clients and has originated over EUR16 million ($17 million) in loans. Source
Funding Circle has announced a new $100 million multi-year investment agreement with Community Investment Management including provisions for additional investment; the $100 million investment will focus on small businesses in the US; the investment supports continued growth for Funding Circle which has reported monthly lending of over 100 million British pounds ($122.92 million) since November. Source
OnDeck has obtained a $200 million revolving credit facility from Credit Suisse; $125 million of the funding will be available while the remaining $75 million will be provided at the lender's discretion; loans will be made to Prime OnDeck Receivable Trust II, LLC (Port II), financing Port II's purchase of OnDeck loans for collateral; firm says it will use a portion of the funds to prepay its $100 million Prime OnDeck Receivable Trust, LLC facility. Source
Jay Clayton's statements suggest that firms using ICOs may need to register them with the SEC; he stated in a speech on Wednesday, "I have yet to see an ICO that doesn’t have a sufficient number of hallmarks of a security."; there have been more than 160 ICOs to date which have raised over $3 billion. Source
DBS Banks has been in the midst of changing the way the...
The Global Findex Database and accompanying report give a clear indication of how fintech is impacting access to financial services globally. Source
The Reality Shares Nasdaq Blockchain Economy Index looks to provide an ETF that tracks the growth and development of companies implementing blockchain solutions; they filed for the ETF with the SEC on November 2nd; “The collaboration between Nasdaq and Reality Shares represents a tangible way to track the growth of an industry that may revolutionize the way commerce is conducted, and yet is still in its infancy,” said Fredrik Voss, Vice President of Blockchain Innovation at Nasdaq. Source.
The journey has been two and a half years in the making;...