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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.

Fintech News Roundup USA

·Jan. 17, 2018

Affirm’s Max Levchin Shares Story About Start of PayPal

While speaking on Business Insider’s podcast “Success! How I Did It” Affirm CEO Max Levchin shared the story about how he started PayPal; Levchin moved out to Silicon Valley after starting a business that didn’t succeed and was sleeping on his friend’s floor; he saw Peter Thiel deliver a lecture and stayed after to chat with the then hedge fund manager; they met the next morning for breakfast and Thiel liked one of his two ideas, he decided to invest and that was the company that became PayPal. Source.

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Fintech News Roundup USA

·May. 21, 2020

Shopify Getting into Buy Now, Pay Later Space

Shopify announced a flurry of new and updated products yesterday; one of...

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Europe News Roundup Online Lending

·Aug. 10, 2017

ThinCats Gets FCA Authorization, Plans for IFISA

UK online marketplace lender ThinCats is the latest P2P platform to receive full authorization from the Financial Conduct Authority (FCA); the firm is a secured business lender and says it has a number of developments in progress including the launch of an IFISA; in comments regarding the authorization, John Mould, CEO of ThinCats, said: "We are delighted to have been granted FCA authorization, proving the dedication of our team and processes. We are very happy that more and more alternative finance providers are now being authorized, as it ultimately proves that the industry deserves the trust and confidence of investors, advisors and SME borrowers alike." Source

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Fintech News Roundup

·Jan. 7, 2019

Announcements & Releases for January 7, 2019

Strong Employment Report; PeerIQ’s Benchmarking Application PINTEC Teams up with Beibei Group...

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News Roundup Online Lending USA

·Apr. 7, 2017

Elevate Credit’s IPO

Online lender Elevate Credit (ELVT) began trading shares of company stock on Thursday; the firm's CEO Ken Rees talked with CNBC about subprime lending and the IPO; shares opened for the day at $6.50 with a 19% increase to close at $7.76 giving it a market cap of $270 million; the offering was below expectations which had the stock estimated at $12 to $14; the firm offers loans to subprime borrowers with an underwriting system that considers over 10,000 data points. Source

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Europe News Roundup Online Lending

·Dec. 8, 2016

CapitalStackers Receives FCA Authorization

CapitalStackers has received full authorization from the FCA also allowing them to begin the process for offering the innovative finance individual savings account to their investors; CapitalStackers provides secured loans to real estate developers; says investors can receive double digit returns up to 20%. Source

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