Online near prime lender LendingPoint to boost expansion into point-of-sale with acquisition of LoanHero. Source
Fintech startup Dave began rolling out their new bank account in May to a waiting list of two million people;...
Coinbase has acquired Earn, a startup that allows for sending and receiving or digital currency for microtasks; Finovate reports the deal to be worth $100mn and Earn CEO Balaji Srinivasan will now serve as Coinbase’s first CTO. Source.
A new startup that allows for ordinary people, with a focus on millennials, to trade options has received early backing...
Citi and PNC striking a deal with HighRadius is the latest example of banks forming partnerships to improve commercial payments; HighRadius has already done partnerships with Bank of America, Walmart, Johnson & Johnson, Procter & Gamble and Starbucks; HighRadius uses artificial intelligence to help automate some of the slower more paper driven processes in commercial payments. Source.
The tech focused small business lender, Kabbage, has announcement the acquisition of Orchard, the leading loan analytics provider in the...
This week’s PeerIQ Industry Update continues their coverage of earnings, this week focusing on Amazon; Square acquired e-commerce service provider...
The New York Department of Financial Services continues to thoroughly investigate the business practices of online lenders; a proposal is in process that would require increased regulation for online lenders; specifically new regulations would be instituted for all lenders making personal loans of $25,000 or less and business loans of $50,000 or less and would also apply to online lenders involved in soliciting loans and buying loans. Source
Automated digital assistants has become must have in financial services as more banks have started to roll out products to...
ChargeAfter operates in the point of sale space, connecting merchants and lenders to provide more options for consumers; the strategic...