The leader in small business accounting, Intuit, has announced a new tech-enabled bank account with a rich set of features...
Individual investors have now invested $100 million of the company's $1 billion funded; the investments have been growing at a fast pace with the platform launching in January 2016 and doubling its $50 million investment level from mid-October of 2016; LendingHome markets returns of 8.75% and requires a $50,000 opening balance with a minimum investment of $5,000; at the LendIt USA 2017 event the firm received the 2017 Top Real Estate Platform award. Source
We are excited to announce the selected finalists for the LendIt Fintech USA 2019 Industry Awards. We received over 500...
Mike Cagney was previously a co-founder of SoFi; after resigning last year he began work on a new startup which involves home improvement financing and HELOCs; the company is called Figure and is live at www.figure.com; according to the website, “Figure is a financial technology company with the mission of leveraging blockchain, AI and advanced analytics to unlock new access points for consumer credit products that can transform the financial lives of our customers. We provide home equity release solutions, including home equity lines of credit, home improvement loans and home buy-lease back offerings for retirement.” Source
Revolut has become one of the hottest fintechs in the world since launching five years ago and the company has...
The Consumer Financial Protection Bureau (CFPB) has fined TransUnion and Equifax over $23.2 million for deceptively advertising services; the agencies reportedly advertised credit services costing customers over $200 as free and misled customers about the use of credit reports they obtained; according to the CFPB, TransUnion will pay $13.93 million to consumers and a $3 million fine while Equifax will pay $3.8 million to consumers and a $2.5 million fine. Source
Lend Academy provides a resource for new investors in Lending Club and Prosper; their article includes five basic principles for investing in the platforms; the five key elements for investing include: 1) diversify investments 2) expect defaults 3) keep cash balances low 4) automate investing and 5) avoid taxes by investing through an IRA. Source
Adam Fisher, head of macro investing at Soros Fund Management has received approval to trade cryptocurrencies but has not begun trading them according to sources; Soros recently spoke at the World Economic Forum in January stating that cryptocurrency is a typical bubble, but was more bullish on blockchain technology; his family office as of Q4 2017 had a significant stake in Overstock.com. Source
LendIt Co-Founder and current CCO of Centrifuge, Jason Jones, wrote a guest post on Lend Academy comparing decentralized lending to...
Earlier this month FICO announced changes to how they will be calculating credit scores when they release their new scoring...