Personal financial management or PFM apps have become one of the hotter areas in fintech the last few years; but with more companies starting the competition has been steep and now banks are incorporating a lot of the same features within their mobile apps; TearSheet interviewed Jillian Williams of the Anthemis Group about the PFM market; the interview covers how hard it is to differentiate your product when so many similar firms are out there and why are companies still receiving investment from VC’s; other topics include banks offering a similar suite of products, whether or not robo-advisors will add PFM capabilities and what’s next for the market. Source.
The head of Funding Circle USA talks small business lending, competition, banks, the SBA, Canada expansion, regulation and more. Source...
Early wage access fintechs like PayActiv, DailyPay and Branch are all seeing a big boost from the ongoing crisis and...
Nova provides credit scores to immigrants who lack a credit history in the United States; Ken Chenault, the former CEO...
The lawsuit according to Crowdfund Insider names former CEO Renaud Laplanche along with current and former board members as well as former CFO Carrie Dolan; according to the complaint: "Throughout the period December 11, 2014 and continuing through May 9, 2016 (the "Relevant Period"), the individual defendants breached their fiduciary duties to LendingClub by failing to institute adequate internal controls regarding financial disclosures, related party transactions, and data integrity and security, all while causing LendingClub to represent in the Registration Statement and a series of subsequent filings that such controls were sufficient."; two shareholders filed the suit. Source
Small businesses are becoming more anxious by the day with the crisis showing no signs of ending in the near...
Quoting data from Transunion the Wall Street Journal is reporting that 106 million loans have been enrolled in forbearance, deferment...
Olaf Carlson-Wee recently launched a fund with $15 million in assets under management and backing by Andreessen Horowitz and Union Square Ventures; Laura Shin sat down with Olaf on her Unchained podcast to discuss the fund and how he discovered bitcoin back in 2011; the podcast covers how Polychain Capital invests exclusively in digital assets, not companies, and how Olaf Carlson-Wee views cryptocurrencies; they also cover Olaf being the first employee at Coinbase and how he put what he called at the time his meager life savings into bitcoin. Source
Just a month away, USA 2022 is shaping into LendIt's the most successful event yet. Here is a sneak peek at the featured speakers.
Last August Google announced a crackdown on short term lending apps offered on its Android platform; but it appears to...