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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.

News RoundupOnline LendingUSA
·Mar. 3, 2017

Alternative Credit Lender Upstart Raises $32.5mn

Upstart's Dave Girourad talks with TechCrunch about the company's new fundraising round which is adding new capital of $32.5 million; the new capital brings total funding to $85 million and this round's investors included Rakuten, Third Point Ventures, Khosla Ventures and First Round Capital; the fundraising will help the firm launch a new software as a service product called Powered by Upstart, an extension of its proprietary credit underwriting platform which utilizes machine learning and modern data science; Upstart will be releasing the new product at LendIt USA 2017.  Source

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News Roundup
·May. 21, 2020

If I Were To Launch a Decentralized Lending Operation, These Would Be My Domain Teams

In part two of this two part series (see part one here),...
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FintechNews RoundupUSA
·Jan. 24, 2019

Zelle Sees Jump in Volume Due to Big Banks

P2P payments app Zelle saw a 60 percent jump in volume during...
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FintechNews RoundupUSA
·Jan. 9, 2020

How Can Regulators Keep Up with the Pace of Innovation

After the financial crisis in 2008 there was a sweeping piece of...
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FintechNews RoundupUSA
·Mar. 27, 2020

Regulators Encourage Banks to Make Small Dollar Loans

The FDIC and other regulators announced in a joint statement yesterday that...
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News Roundup
·Nov. 10, 2023

Fintech News Roundup for the Week Ending November 10, 2023

The top five stories in fintech this week are about the CFPB and Big Tech, JPM Coin, Plaid, Black Ore and more fintech earnings.
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FintechNews RoundupUSA
·Mar. 20, 2020

Luvleen Sidhu, CEO of BankMobile, Has Big Growth Plans

Luvleen Sidhu took over as CEO of BankMobile in January after serving...
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EuropeFintechNews Roundup
·Jan. 24, 2019

ThinCats Ready to Lend £800m to UK SMEs

ThinCats recently shared that an agreement with four institutional investors allows it...
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EuropeFintechNews Roundup
·Jun. 4, 2019

Velocity Capital Launches Fintech Fund

Velocity Capital is a Dutch private equity firm planning to invest in...
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News RoundupOnline LendingUSA
·Nov. 8, 2016

Lend Academy Article: Lending Club Releases Q3 2016 Earnings, Announces New Funding Partner

Lending Club's stock increased $0.76 for a 15% gain on Monday after reporting third quarter earnings that beat analysts' expectations; company also announced a new partnership with Credigy who will be investing up to $1.3 billion in Lending Club's loans; Lend Academy provides details on the company's earnings report in their article; highlights from the earnings report include revenue of $112.61 million, up from $102.4 million in the second quarter; earnings per share of -$0.04, up from -$0.09 in the second quarter; loan originations also increased with total third quarter volume of $1.97 billion, up from $1.96 billion in the second quarter however still significantly down from their high of $2.75 billion in the first quarter of 2016.  Source

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