Curve is rolling out Curve Credit for employees to test Are fintech furloughs going to continue beyond June? BankThink Why...
Prosper has announced a funding deal which has been in development since August; the firm has received an investment commitment for $5 billion over the next two years from a consortium of investors including affiliates of New Residential Investment Corp., Jefferies Group LLC, Third Point LLC and an entity of which Soros Fund Management LLC is the principal investment manager; the consortium is also being offered an equity stake which could account for as much as 35% ownership in the company and is expected to help promote a long term business relationship; the committed investment will represent a substantial increase for the firm which is likely to report approximately $2.2 billion in loan originations for 2016. Source
Andrew Dix is the CEO and Founder of Crowdfund Insider, a website that covers every aspect of fintech; in our...
Amazon has plans to offer financial services to their customers but so far has focused on providing credit to small...
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.
LendingClub is increasing their interest rates to new borrowers ranging from 2% to 4% depending on the loan grade; LendingClub...
Venmo users have started to use the payments app to show their appreciation to sports stars or celebrities; in most...
Varo Money CEO Colin Walsh : We Designed Varo to be Your Primary Bank Account Square acquires European peer-to-peer payment...
There are an estimated 800,000 federal workers affected by the partial government shutdown and a further 4.1 million federal contractors also...
Green Apple Bank & Trust will serve central and western Massachusetts offering retail and commercial services including commercial real estate...