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FintechNews RoundupUSA
·Aug. 24, 2017

Investing Platform Focused on Female Investors Raises $32mn

Sallie Krawcheck previously worked as a Wall Street executive but has since founded Ellevest; the company offers a digital investing platform helping female investors access low-cost ETFs based on goals; Venus Williams, a professional tennis player, is among investors in the company; according to Krawcheck, women are less concerned with beating the market and focus rather on ensuring their money won't disappear completely; the platform also considers the longer lifespans of women and the possibility of extended time off from work; Business Insider provides screenshots of setting up an account; the app is not yet in the app store. Source

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FintechNews RoundupUSA
·Mar. 28, 2017

Investing with Impact: Digital Wealth with a Conscience – by Motif Investing’s Hardeep Walia

Hardeep Walia spoke about the lack of transparency that exists in investing today with many investors investing in a black box as he demonstrates on stage; in turn, investors may be supporting companies who may not have the same values; sustainability is a trend and consumers are increasingly willing to pay more for sustainability but investors need to vote not just with consumption dollars, but also investment dollars; to that end Motif has launched a new digital wealth product called Motif Impact that allows investors to build an investment strategy around their values such as a sustainable planet, fair labor and good corporate behavior.  Source

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FintechNews RoundupUSA
·Aug. 29, 2017

Investor Alert from SEC on ICOs and Fraud

The SEC's Office of Investor Education and Advocacy has issued an alert to investors, warning them about potential scams with companies claiming to be involved with ICOs; according to the report, fraudsters may use new technology such as ICOs to defraud customers in various ways; discusses recent trading suspensions, pump-and-dump, market manipulations and tips for investors. Source

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FintechNews RoundupUSA
·Jan. 25, 2017

Investor Concerns Arise in Equity-Based Crowdfunding

While the passage of the JOBS Act in 2012 helped to spur crowdfunding into an exciting industry, questions have continued surrounding investor protections and the legitimacy of companies using this method to raise capital; SeedInvest CEO Ryan Feit recently told the New York Times: "I'm legitimately concerned that a lot of people are going to be losing money; investing in startups is really risky, and it's very different than buying a used couch. We definitely do not think you should treat it like Craigslist."; investors don't necessarily understand the investment and companies are not following the rules fully, causing many in the industry to legitimately worry about the way forward.  Source

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FintechNews RoundupUSA
·May. 18, 2020

Investors Discuss the Future of Proptech

Business Insider reached out to seven investment firms to ask about winner and losers in the proptech market; Bain Capital...
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FintechNews RoundupUSA
·Jan. 22, 2020

Investors Seek Yield in Trade Finance

For a long time the big players in trade finance have been HSBC, BNP Paribas and Citigroup; in recent years...
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FintechNews RoundupUSA
·Apr. 8, 2020

Investors Talk Fintech Winners and Losers from the Crisis

Business Insider reached out to Bail Capital Ventures, DRW Venture Capital, Edison Partners, Jump Capital, RBC, and Rosenblatt Securities to...
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FintechNews RoundupUSA
·Aug. 17, 2017

iPayment, Inc. Launching iPayment Capital for Merchant Cash Advances

iPayment, Inc. has created a new business unit, iPayment Capital, to offer merchant cash advances; the new business unit will utilize the firm's 137,000 SMB customers for merchant cash advance lending; the service will add to payment processing and point of sale services currently offered by iPayment, Inc. Source

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News RoundupOnline LendingUSA
·Dec. 20, 2016

IPO Not in the Near-Term Plans for SoFi

In May 2015 SoFi's CEO, Mike Cagney, said the company planned to go public within the next 12 months; current plans have changed and the CEO now says it has no plans for an IPO anytime soon; the market for online lending IPOs has been volatile in recent months; SoFi has also been significantly focused on expanding its products beyond just student loans to meet broader needs for its customers; the CEO says its business and expanding business lines subject it to quarterly fluctuations in reporting metrics which could be detrimental under public investor scrutiny; given the firm's positioning it could be one of the industry's leading beneficiaries of the OCC's new fintech charter which will allow for national standards; as of last year SoFi had a valuation of approximately $4 billion and currently it's involved in a $500 million funding round to increase loan purchases and potentially equity.  Source

 

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News RoundupOnline LendingUSA
·Oct. 28, 2016

IRA Financial Group Adds IRA for P2P Lending

IRA Financial Group, a New York provider of retirement plan solutions, is offering a self-directed IRA for P2P loan investors; the firm has designed the IRA for P2P lending; loan investments in the self-directed IRA would be tax deferred.  Source

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