The largest mortgage lender in the U.S. has confidentially filed for an IPO according to CNBC; the report indicates the...
US fintech Square reported $16.4 billion in gross payment volume, a 32% gain from 2Q16, as the company attracted larger sellers and increased product usage through cross selling; revenue was $552 million, increasing 26% from 2Q16; earnings per share were $0.07, increasing from $0.02 in 2Q16; the firm's lending business, Square Capital, reported a 68% year over year increase in loan volume for the quarter. Source
According to data from Fitch Ratings delinquency rates for subprime auto loans are at 5.8 percent, higher than the financial...
Most often financial institutions view leveraging an AI chatbot as a bonus to improve customer service; the CEO of TymeBank,...
Today, Kabbage announced the launch of their new small business checking account called Kabbage Checking; it is being offered in...
Consumers faced unexpected expenses as the pandemic has taken an economic toll, so many have tried to fill the gap...
Invoice finance platform BlueVine secured $130mn in debt financing; the financing comes from Silicon Valley Bank, SunTrust Bank, Bank Leumi and TriplePoint Venture Growth BDC Corp.; BlueVine founder and CEO Eyal Lifshitz tells Bankless Times, “Business owners have diverse needs, and by augmenting our product offering, we are able to offer the solution that fits best.” Source.
Recently LendIt Fintech held a webinar titled “COVID-19 Planning for Fintech – 5 Ways to Maximize Efficiency with At-Home Agents”;...
Speaking at the Financial Investment Initiative event the former founder of PayPal thinks that bitcoin detractors could be underestimating the currency’s potential; as CoinDesk reports, “underestimating [it] especially because ... it's like a reserve form of money, it's like gold, and it's just a store of value. You don't need to use it to make payments."; he has in the past criticized bitcoin and is not bullish on all cryptocurrencies. Source.
Leading fintech small business lender Kabbage has been a major force in getting PPP loans into the hands of small...