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News

Every day the Fintech Nexus News team writes original stories from around the world, and we archive them chronologically on this category landing page.

robinhood
Fintech
·Feb. 13, 2023

Robinhood: A $57 million mistake and ‘tremendous sacrifices’

Along with the challenging economic climate, Robinhood had issues of its own that affected their 2022 earnings.
Read Full Story
Fintech
·Feb. 13, 2023

How tech helps lenders navigate state-by-state disclosure laws

As more states enact their own disclosure laws for commercial finance providers, the regulatory burden will only increase on those companies.
Read Full Story
Fintech
·Feb. 13, 2023

Chile’s fintech law could spur a new regulation wave in Latin America 

Chile's new fintech law will provide an incentive for other regulators in the region to move forward with similar frameworks, analysts say.
Read Full Story
Finance
·Feb. 10, 2023

Citing current ‘strong-footing’ for PayPal, CEO plans succession

PayPal's upbeat earnings call came with the announcement of Schulman's departure and prudent guidance for 2023.
Read Full Story
LatAm
·Feb. 10, 2023

Fintechs in Brazil take cautious approach to lending as delinquencies rise

Fintechs in Brazil are taking a more cautious approach to credit in the face of rising delinquencies and inflation.
Read Full Story
Parfin
LatAm
·Feb. 10, 2023

Crypto infrastructure fintech Parfin raises $15 million in seed round

Parfin's seed round was led by Framework Ventures, one of Silicon Valley's leading managers in the crypto ecosystem.
Read Full Story
Teens in circle holding smart mobile phones - Multicultural young people using cellphones outside - Teenagers addicted to new technology concept
Fintech
·Feb. 9, 2023

Younger generations’ financial literacy lacking: MoneyLion study

Results from MoneyLion's first Personal Financial Wellness Study confirm the growing influence of digital sources in our financial lives, but the steep drop-off of knowledge among millennials and Gen Z consumers.
Read Full Story
affirm earnings
Fintech
·Feb. 9, 2023

Job cuts and missed targets: Affirm’s earnings call

Affirm's earnings call came with an announcement of layoffs, in an effort to streamline in accordance with low revenue growth.
Read Full Story
PicPay card
LatAm
·Feb. 9, 2023

PicPay buys fintech to forge ahead in Brazil’s credit market

This week, PicPay, one of the leading digital wallets in Brazil, announced a new acquisition in a bid to gain ground in Brazil's trillion-dollar loan market.
Read Full Story
lending club q42022 presentation
Finance
·Feb. 8, 2023

LendingClub outlines cautious approach to support long-term growth

LendingClub saw revenue and earnings at the high end of their guidance range but, due to ongoing uncertainty remain reserved with next steps.
Read Full Story
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