Lemonade has raised $34 million in a Series B funding round led by General Catalyst; the Series B round brings the total funding to $60 million; the company plans to use the funding for state expansion with California as its next target. Source
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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By Steve Goodman Getting a good education just keeps getting more expensive....
- Shinnecock Partners Publishes an Investor’s Guide to Fine Art Secured Lending
- Sydney Angels funds QPay $570k to steal millennial students from banks
- Omnichannel and Short-Term Lending
- BBVA-backed fintech launches global bank account
- How blockchain is affecting banking (Bank on It Podcast with LendIt Co-Founder Jason Jones)
Visa’s Africa strategy banks on startup partnerships Lending startups are angling for...
A new report out by Citi says that new digital-first challenger banks...
Messaging app Symphony will be integrated into OpenFin’s platform in hopes of creating a competitor to Bloomberg; “By enabling Symphony to run on the OpenFin operating system, we are making it easy for our mutual customers to unify the Symphony desktop experience with their other OpenFin-based apps," Mazy Dar, chief executive of OpenFin, said as reported by Business Insider; with the integration they are hoping to create a lower cost product and eat into some of the dominance that Bloomberg has over the market. Source.
The average loan size for PPP loans to date is $240,000 which...
On Tuesday this week Prosper discontinued Automated Plans for investors. This was...
Event follows Ethereal Summit hosted by ConsenSys earlier this year; will include panels, live music, discussions and workshops about blockchain; the event will focus on making blockchain technology easier to understand and is being marketed as a culture focused event rather than a technical one; Cointelegraph provides a list of featured speakers. Source
- BitPay Raises $30M in Series B Funding
- Maxwell Financial Labs Raises $3M in Funding
- Klarna to Power Invoice and Credit-Based Payments for Worldpay Clients
- Global Debt Registry Joins Wall Street Blockchain Alliance
- Mobile Banking App Revolut Adds Litecoin, Ether Trading
- New CFO For Quint Group
- ID Finance strengthens board with ex-CEO of 4finance
- Marking 15 years of Small Business Lending, BFS Capital has Extended Over $1.7 Billion in Financing to Businesses across the US, UK and Canada
- Instamotor Customers Can Now Apply for Financing While Shopping For A Used Car
- ASX selects distributed ledger technology to replace CHESS
- Dianrong Names Executive Chairman, Co-Chairman and CEO
- Securitizations Securing the Future (LendingClub)
- A Lesson on Lending: Alternative Lenders and Community Banks
- Change of pace ahead for fintech in China