Just in time for the holiday shopping season, payments app Curve closed on a $1 B credit facility deal to fund loans across UK, EU, and US.
UK payment aggregator Curve is launching its own credit offering later this year called Curve Credit; they began testing the...
After only two days American Express has ended their partnership with fintech startup Curve; Curve said that Amex’s decision was “discriminatory”...
Today, the UK financial regulator, the Financial Conduct Authority, has suspended the activities of Wirecard’s UK subsidiary; this is having...
Today, we talk through a few recent events that are indicative of what’s important in fintech right now.
Varo raised $241 million in preparation to start operating under its own banking license later this year. Is a banking license an asset or a liability if you’re a digital bank?
Marqeta is reportedly now valued at $4.3 billion, as banking-as-a-service continues its mature.
And LA-based fintech Stackin’ raised $13 million to scale its messaging-based offering designed to help Gen Z find the right fintech. What should we make of this?
This week, we look at:
The financial model behind Monzo, and comparisons to Revolut and Starling
How the Eastern super apps inspired the marketplace model, and why that success is hard for neobanks to replicate
Paths from losing $100 million per year to break-even and enabling digital assets and other financial products
Facebook Financial forming to take over payments and commerce
London-based fintech Curve is in the market for a new equity round that is rumored to be between £100 million...
This week, we consider the impact of financial infrastructure collapse and who really gets hurt through the lens of Wirecard, Enron, and Lehman Brothers. Yes, there are investors in the entity that will lose value. But there are also clients and counterparties of Wirecard, like Curve, Revolut, and Crypto.com. In the case of Lehman, there was a $40 trillion derivatives notional amount that took twenty years to wind down. We also consider the most recent $500,000 hacking in DeFi of an automated market maker to see if there are common threads to be drawn between the two worlds.
Curve is rolling out Curve Credit for employees to test Are fintech furloughs going to continue beyond June? BankThink Why...