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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.

Europe News Roundup Online Lending

·Dec. 19, 2016

Ranger Direct Lending Fund Raises 40% of Target

Ranger Direct Lending Fund raised close to $20 million of the $50 million target it set out to raise through a placing of C shares; in 2015 the fund was looking to raise $169 million but pulled the offering and then raised $17 million; though the fundraise fell short, Numis Securities anticipated the Fund would have issues as the shares are trading at 5% discount. Source

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Fintech News Roundup USA

·Mar. 23, 2020

Fintech Companies Providing Free Services During Coronavirus Crisis

Ron Shevlin, writing for Forbes has compiled a list of fintech companies...

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Fintech News Roundup USA

·Jun. 30, 2020

LendIt Fintech Job of the Week: Business Development Analyst – Pagaya

From the LendIt Fintech Jobs Board: Leading tech-enabled asset manager, Pagaya Investments,...

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Europe News Roundup Online Lending Real Estate

·Aug. 3, 2017

New Real Estate Platform Launches

Blend Network is a UK-based company, offering asset-backed property loans to retail, high net worth and institutional investors; officially launching loans on the site two weeks ago, the firm has raised GBP350,000 ($460,115) from a small network of investors; loans are expected to offer between eight and 15% with a minimum investment of GBP1,000 ($1,315); loans are introduced by F&P who acts as a sponsor in the P2P sector; the firm introduces borrowers to a wide variety of lenders and currently works with platforms such as ThinCats. Source

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Europe Fintech News Roundup

·Mar. 20, 2018

N26 Raises $160mn for US Expansion Plans

German Digital bank N26 has raised $160mn to fund their U.S expansion plans; Tencent and Allianz were lead investors in the round and it could set the stage for a future IPO according to N26 co-founder and CEO Valentin Stalf; “It's a good round to be as independent as possible,” Stalf said to TechCrunch. “This funding round really brings N26 to a pre-IPO stage. I think we see a clear path to a very sustainable company with this funding round. Maybe in the next five years there will be an IPO.”; the bank currently has eight staff members in NY and customers have been signing up on the waiting list since October 2017. Source.

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Fintech News Roundup USA

·Aug. 2, 2017

Fund That Flip Expanding to Cleveland

Fund That Flip is a real estate crowdfunding platform; it has been around for three years and plans to add 25 employees to the Cleveland location; the company received a Job Creation Tax Credit on Monday, July 31st which applies to the company's plan to generate $1.5 million in new payroll. Source

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Fintech News Roundup USA

·Mar. 27, 2019

Citi Launches New Cross-Border Payments Product

Citi’s Treasury and Trade Solutions is building a new business line that...

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News Roundup Online Lending USA

·Sep. 5, 2017

dv01 Outlines Marketplace Lending Originations

dv01 provides insight on marketplace lending originations with data from Lending Club, SoFi, Marlette and Prosper; shows 2Q17 originations increasing 21% from 1Q17 and up 52% from 2Q16 with average loan coupons increasing to 14.31%; average FICO has increased from 703 to 711 as firms tighten their credit underwriting. Source

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News Roundup

·Oct. 24, 2011

How Much Money Should You Borrow at Lending Club?

Most borrowers, when applying for a loan on Lending Club, don’t give...

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Fintech News Roundup USA

·Apr. 17, 2018

JPMorgan Chase’s Fintech Strategy

Business Insider recently sat down with with Lori Beer, JPMorgan's chief information officer, about the bank’s strategy for working with companies in the fintech market; they have chose to work with fintech firms of all different sizes through a residence program for younger companies to partnership or acquisitions with maturing companies; the bank sees fintech as a core component of their offering. Source.

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