Kabbage will now power Alibaba’s Pay Later program which is offered to...
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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One of the leading fintechs in small business lending has partnered with...
The French startup called Kard is similar to many of the challenger...
Crowdfund Insider sat down with Karen Mills at LendIt Europe 2017; Mills is a Senior Fellow at the Harvard Business School and was previously head of the US Small Business Administration; she believes we are between two phases in the market: the banks waking up and the platforms arriving, including Alibaba, Amazon, Square etc. Source
Karen Mills is a Senior Fellow at the Harvard Business School focused on SME finance, entrepreneurship and competitiveness; she previously served as the Administrator of the US Small Business Administration; in her post on AltFi she discusses why London will remain a global leader in financial innovation despite uncertainty with Brexit. Source
Karen Mills believes small business customers are not being served well by...
Kathryn Petralia, co-founder and head of operations of Kabbage talks about their SoftBank deal, tech partnerships, culture and more. Source
Experienced credit market executive Kathryn Petralia talks with Crowdfund Insider about fintech and the business growth of Kabbage; the firm has originated approximately $3 billion in loans to 100,000 US small businesses since 2011; it has developed lending partnerships with global banks Santander and Scotiabank; it has also been active in promoting small business lending through its development of the SMART Box in collaboration with the Innovative Lending Platform Association; other highlights from the interview include insight on fintech predictions and regulations, Kabbage's involvement with the Consumer Financial Data Rights group, initiatives within the Innovative Lending Platform Association and Petralia's career advice. Source
Kroll Bond Rating Agency has released a report on its asset-backed securitization rating methodology highlighting its methodology for marketplace lenders; discusses marketplace lending characteristics and platform analysis; also reports on key factors for transaction structuring. Source
The report shares the highlights of securitization in the space which totaled $7.8 billion in 2017, up from $4.6 billion in 2016; SoFi was the leader in both volume and total number of ABS deals; report includes KBRA’s outlook for 2018, loan origination and ABS issuance by platform, performance and rating trends and more. Source