Blockchain-based money transfer platform Circle has secured $25mn from Digital Currency Group; the firm also struck a partnership with Genesis,...
Mastercard is already working with names like Brex, Revolut and TransferWise; they have also announced programs in order to make...
The Curo Group targets underbanked consumers through WageDayAdvance in the UK and Speedy Cash in the US; they went public on Wednesday at $14 a share and were up more than 2.4 percent in their first day of trading; the former head of the CFPB led a Industry crackdown on payday lenders but new leadership points to those restrictions being lifted; the company charges about $25 per $100 borrowed and are backed by private equity group Friedman Fleischer & Lowe. Source.
Wells Fargo currently has capacity to lend $10 billion to small businesses under the $349 billion government program; not surprisingly,...
Fintech startup StreetShares, who lends to military veterans, plans to launch a new business credit card for the same community;...
Payments startup Marqeta is looking to hire investment banks to advise the company on a potential IPO; the company has...
Custodial Bank Norther Trust has upgraded their cybersecurity protocols as they try to better protect themselves against a growing cyber...
Ripple is a leading innovator in the current internet of value market also currently involved with the Federal Reserve's payments task force initiatives; the firm has enhanced its XRP product suite and rebranded it as RippleNet; their blog post provides more details on RippleNet's product offerings. Source
In the last 18 months there has been a wave of consolidation in the payments sector and that trend looks...
The Consumer Financial Protection Bureau was approved to investigate the activities of Indian tribe lenders; the online lenders under investigation will be Great Plains Lending, MobiLoans and Plain Green; the lenders are providing credit to a range of borrowers outside of their Indian tribes; they are claiming sovereign immunity because of their status as Indian tribes. Source