Future Finance has received commitment for £30 million from the European Investment Fund (EIF) to lend to master's degree students supported by the Erasmus+ European program; Future Finance is a student lending platform active in the UK and Germany; Erasmus+ subsidizes career skills-driven education for over 300,000 higher education students across the European Union; EIF's commitment involves loan guarantees that will encourage investing and borrowing on Future Finance's platform; it has launched a "Call for Expression of Interest" targeting additional financial institutions that finance master's degree students crossing national borders in the EU. 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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Chain CEO Adam Ludwin sat with Business Insider to talk about blockchain technology and cryptocurrencies; the interview goes through the basics of what blockchain technology is and how it has been viewed by the wider market in recent years; the hype around the technology has made many believe it can transform anything and everything; in reality, Adam says, it is a tool that should be applied where relevant; they also explore the differences in selling into an institution and how the technology is used in bitcoin transactions. Source.
A new survey by credit card specialist Fraedom shows that 80 percent...
During the week I share the latest marketplace lending and fintech news...
Here are the most read news stories from our daily newsletter today:...
Credibility Capital has completed a sale of a pool of whole loans to a regional bank; details of the loan portfolio and regional bank were not included; according to Brett Baris, chief executive officer of Credibility Capital: "Orchard provided a seamless software solution that improved the process for both sides of the transaction. With Orchard's new tool we were able to easily share vast amounts of loan data with our client on a single, easy-to-use platform." Source
Revolut has officially launched in Australia which marks the first country they...
SoFi has announced details of its latest fundraising round which now adds $500 million in new equity capital for the firm; the financing was led by Silver Lake and included SoftBank and GPI Capital; the fundraising will support the continued expansion for the firm; it now offers student loan refinancing, personal loans, mortgage loans, life insurance, wealth management and banking; it also plans to expand its services to Australia and Canada. Source
Caitlin Long recently stepped down as President and Chairman of blockchain startup Symbiont to help turn Wyoming into an ideal environment for digital asset businesses; she helped with the Delaware Blockchain Initiative and, along with her partners, recently introduced 5 bills in Wyoming; 3 of the 5 have passed and the Governor has indicated he will sign them into law later this month; American Banker interviewed Caitlin on institutional interest cryptocurrencies, bitcoin becoming financialized, the different between security and utility tokens and more. Source.
The Godfather of Fintech shares his thoughts on what rewirement means, what fintech needs today, where it is going and what excites him about the future. Source