'Nu's valuation is not crazy. In fact, they are valuing each customer at about $1,000, whereas U.S. and European neobank valuations put their customers closer to $2,000.'
On Thursday, online lender Enova International posted a $52 million profit on $320 million in revenue, up 57% from the same time last year. In addition, total originations increased 26% sequentially to a record $856 million. Despite the good news, the stock saw only a 4% rise before falling back toward its downward trend this month.
Many of these firms have aimed to go public in the vague "end of 2021/ early 2022/ when we have enough money" time frame while participating in increasingly rare-letter funding rounds.
The crypto firm enables users to buy and sell crypto, earn credit rewards on their accounts, and send money peer-to-peer: it will open up the Mastercard network to the cryptocurrency world.
Buying carbon offsets has become a popular way for organizations and individuals to mitigate their carbon emissions, thereby reducing their overall carbon footprint.
Instead of joining a major payments provider, Plaid aims to disrupt the Visa, Mastercard, and Amex payment empire. Partners like Square, Dwolla, and new arrivals to the Plaid ecosystem Checkout.com and Marqeta are members of the new program, building payment capabilities for the new age of fintech.
We've amalgamated all of the content from the news.lendit site here, including the full archive dating back to 2016 as an evergreen research resource.
The paper found 34 percent of Americans are considered financially healthy: leaving out 187 million who are still getting by or vulnerable.
Investors will be able to gain exposure to bitcoin through the fund, without direct exposure to the volatile currency that traded over $62,000 over the weekend alongside this and other pro-crypto news. On Tuesday morning, the ProShares ETF went live under the ticker BITO at around $40.
The new platform gives startups free access to the suite of security options: what would typically amount to hundreds of thousands of hours of in-house compliance work.