Online consumer lender Upstart has reportedly set out to raise $100mn in their latest fundraising round; the round would put the valuation north of $500mn and upwards of $1bn; the company did not confirm the American Banker report but did say they anticipate completing a finals round in the next year; the company reach profitability last year and the value of loan transactions increased threefold according to a spokeswoman. Source.
The CEO and Chairman of Elevate talks about the challenges of the short term loan space and what makes his company different. Source
AltFi has compiled a list of the fintech companies that have started new initiatives to help consumers during challenging times;...
Apple and Goldman Sachs have partnered on a new credit card which will include iPhone features to help people manage...
Stash has quickly become one of the hottest fintechs and the company has seen continued success during the current pandemic;...
Small business loan marketplace Lendio has been at the forefront of the Paycheck Protection Program from day one; they were...
Business insider opened an account with Marcus to better understand the product; they report on why other financial institutions should...
According to the WSJ, Goldman Sachs is considering a new trading operation dedicated to digital currencies; a spokeswoman for Goldman stated, “In response to client interest in digital currencies, we are exploring how best to serve them in this space.”; several banks have been exploring the use of blockchain technology; Jamie Dimon, chief executive of JP Morgan Chase recently spoke out against bitcoin calling it a fraud. Source
Banks are starting to see the reward for offering advice through digital channels with the results of a new survey...
While writing in his weekly Forbes Column Ron Shevlin of Cornerstone Advisors says on-demand pay or earned wage access services...