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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.

FintechNews RoundupUSA
·May. 28, 2020

OnDeck Shares Early Progress in Borrower Behavior

OnDeck shared a mid-quarter update to investors and the outlook isn’t as...
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FintechNews RoundupUSA
·May. 3, 2019

OnDeck Tightens Credit as Originations Fall in Q1

OnDeck reported first quarter earnings yesterday and total originations dipped for the...
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FintechNews RoundupUSA
·Nov. 22, 2016

OnDeck to Present at J.P. Morgan 2016 Fintech & Specialty Finance Forum

OnDeck has announced that it will be presenting at the J.P. Morgan 2016 Fintech & Specialty Finance Forum on November 30 in New York City; Noah Breslow, chief executive officer, and Howard Katzenberg, chief financial officer, will be the featured speakers; the event provides an opportunity for fintech and specialty finance companies to present on the competitive advantages of their firm for a range of corporate leaders, financial sponsors and institutional investors.  Source

 

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FintechNews RoundupUSA
·May. 1, 2020

OnDeck’s Streak of Profitable Quarters Comes to an End

OnDeck lost $59mn in Q1 2020 as their streak of seven straight...
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FintechNews Roundup
·Feb. 25, 2019

OneConnect Planning for $8 Billion IPO

PingAn, the insurance giant is preparing for their OneConnect unit to go...
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FintechNews RoundupUSA
·Oct. 9, 2017

OneMain In Talks to Sell

According to the WSJ, OneMain is looking to sell and is in advanced discussions with multiple parties; the deal could be worth $4 billion or more; Most of OneMain’s personal and car loans are to people with credit scores under 660; the company has 1,700 branches and 2.2 million customers. Source

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News RoundupOnline LendingUSA
·Jan. 10, 2017

OneMain Rejects Offer from IEG Holdings

OneMain has rejected an unsolicited exchange offer from IEG Holdings; on January 6, 2017, IEG submitted an offer to buy shares of OneMain, a consumer finance company offering personal loans; IEG is an online consumer loan provider with stock trading on an over the counter market exchange; OneMain says the offer does not reflect the value of the company or the best interests of its shareholders.  Source

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FintechNews RoundupUSA
·Apr. 3, 2019

OnFido Announces $50 Million Round

The round was led by Softbank Investment and Salesforce Ventures; the company...
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FintechNews Roundup
·Apr. 15, 2020

Onfido Raises $100 Million

Onfido is a startup in the identity verification space; the company leverages...
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FintechNews Roundup
·Apr. 17, 2017

Online Auto Financing Market in China Reported at RMB1.1tn in 2016

While China's fintech market has been a global leader, online auto financing has lagged other countries; it is currently only reporting a 30% penetration rate compared to 85% for the US; despite the slower growth, the market is reporting some recent activity specifically from Guazi.com, Kkucar, Didi Chuxing and UCAR; overall the market is expected to grow from RMB1.1 trillion ($159.758 million) in 2016 to RMB1.85 trillion ($268.684 million) in 2018. Source

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