Through a partnership with MicroVentures, Indiegogo will allow investors to participate in ICOs; accredited investors will be able to buy Simple Agreements for Future Tokens (SAFTs) where tokens are delivered on a certain date; the first ICO being advertised is the Fan-Controlled Football League. 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.
To join our newsletter community please subscribe here.
Small business lending marketplace Lendio is looking to hire 200 full time...
Lendio has had a lot of success in helping small businesses; they...
Retail banks have started to digitally enhance their customer experience but when it comes to small business lending they are still stuck in the past; according to a recent report by Bain and SAP only 7% of banks can offer a fully digital experience for credit products; research is starting to show that small businesses want a digital experience for capital and to manage their banking needs; banks can decide to build, partner or buy to ensure they stay competitive; partnerships have continued to form and understanding how best to utilize fintech for the long run will help banks and small businesses. Source
The UK’s Financial Conduct Authority (FCA) has grown worried that ads of...
- Testimonial Tree Partners With J4 Mortgage Solutions to Offer Online Review Software to Mortgage Lenders and Title Companies
- Reffind bets on blockchain for turnaround story
- Credit Karma Teams with American Express to Offer Advance Tax Refund
- Student Loan Startup Frank Secures $10 Million During Series A Funding Round
- 2018 In Crypto - 11 Predictions (ZeroHedge)
- CIBC Innovation Banking unit launched to help grow startups
- Finova Financial’s New Fundraising Process Leverages Cryptocurrency to Serve Non-Accredited Investors
- Why I Joined MetaProp As An EIR (Nav Athwal)
Even Financial is an industry leading online finance products and services search and comparison service provider; it has announced the launch of a new semi-automated tool to support online advertising for online finance products; new tool includes automation for analyzing the placement of ads. Source
The UK saw 5.5 percent fewer startups begin in the last year; startups have found getting funding to be increasingly hard and only 53 percent survive their first three years; most business owners are starting companies on the side and tend to have a full time job as well; the government has tried to help with programs like Start Up Loans which lends money to emerging companies; startup owners not only find business to be hard but end up debt in many cases as they can never really get sales off the ground. Source.
Yesterday LendingClub released their Q3 earnings; they originated $2.44 billion in loans, up 14% from the previous quarter; revenue was on the lower end of projections, but the company had a lower GAAP loss than expected; Lend Academy shares other highlights from the earnings call. Source
In an effort to streamline SMB lending, alternative small business lender Fundation...