The new venture firm, Flourish, from The Omidyar Network is launching to investing in startups whose innovations are helping people...
Goldman Sachs continues to show interest in consumer finance; CEO of Final, Aaron Frank announced that the startup would be closing in December 2017 but did not provide further details; a dozen engineers and product managers will be joining Goldman Sachs; Final was founded in 2014 and offered consumers a credit card; users were able to generate virtual cards unique to a merchant. Source
Over the last year and a half Comptroller of the Currency Joseph Otting has made quite a few changes at...
SoFi has announced their plans to acquire Galileo Financial Technologies for $1.2 billion in cash and stock; Galileo allows companies...
An FT Partners webinar yesterday featured three fintech companies that are doing well despite the current economy; OpenExchange is a...
The CEO of BFS Capital talks small business lending and how to go to market with a differentiated offering. Lend...
A 2019 survey by Cornerstone Advisors found that 44 percent of millennials banked with Bank of America, JPMorgan Chase and...
Challenger banks have been amongst the most popular types of fintech companies with venture capitalists pouring capital into the market;...
A new startup that allows for ordinary people, with a focus on millennials, to trade options has received early backing...
Peter gives a recap of activity in 2016 which included issues across most all of the largest firms and reported many small firm closings with the launch of Marcus by Goldman Sachs changing market competition; compared to 2016, 2017 appears much better with equity investments already surpassing 2016 totals and many new startups launching lending platforms; overall, Peter says the industry is recovering but not recovered and notes that returns are dropping. Source