Cross River has agreed to buy Seed for an undisclosed amount to improve their on-boarding system; “The technology is very...
On the heels of their most recent fundraising digital only bank Revolut has added former Goldman Sachs Executive Michael Sherwood...
Lighter Capital provides funding for growing businesses with a revenue-based financing model; their borrowers repay the loans out of future...
The Federal Reserve has finally opened up the Main Street Lending Program for registration; this is the program targeted towards...
Rumors were circulating that Revolut was facing financial problems related to the coronavirus; Revolut has responded to the claims with...
Wells Fargo said their APIs were called more than 1.5 billion times last year as the bank looks to increase...
SoFi has published a blog post in response to a New York Times article about recent news at the company; discusses what SoFi calls vague claims as it relates to their mortgage and personal loans business; provides updates on what the company is doing related to corporate culture and Mike Cagney’s departure. Source
Kabbage will add payment processing capabilities by the end of the year according to President Kathryn Petralia; it will set...
California-based startup Tala has raised $30 million for its marketplace lending platform; investors in the funding round included IVP, Ribbit Capital, Lowercase Capital, Data Collective and Collaborative Fund; the firm offers loans in Kenya through alternative credit underwriting which utilizes accessible data on payrolls, savings, payments history and social network activity; it plans to expand to Mexico and India. Source
Morgan Stanley CEO James Gorman said he thinks bitcoin is “certainly something more than just a fad,” according to a Bloomberg report; he also stated that the concept of anonymous currency is interesting because of the privacy it provides; while he has yet to invest in the technology he does see more regulatory control coming soon. Source.