Cross River has agreed to buy Seed for an undisclosed amount to improve their on-boarding system; “The technology is very...
The bank set a record in April, originating $600 million in loans; originations have grown approximately 60% compared to April...
Global financial transfers were more than $20tn in 2019 and are expected to hit $30tn by 2022, yet 60 percent...
Following up on a recent article highlighting the Marqeta deal with Visa, the publication interviews Candace Klein, head of alternative lending at Marqeta; the interview covers the difference between credit cards and online lenders using prepaid cards to deliver funds; how does the borrower view the experiences and if credit card companies can bring rates down does that change the equation; Marqeta provides an open API issuer processor platform to change how payment cards, virtual cards, and mobile authorization products are being used and developed. Source
Crunchbase shares the top seed, early and late-stage investors by total number investments since January 2017; topping the list in seed stage investments was Y Combinator with 28 total fintech investments followed by Plug and Play and 500 Startups; Plug and Play topped the list in the early-stage category; Bain Capital Ventures led in late stage investments with 6 followed by General Catalyst, Khosla Ventures, Menlo Ventures, Spark Capital and Union Square Ventures who all completed 5 deals in the time frame. Source
Visa notified WaveCrest that they were terminating their membership with the company for non compliance; WaveCrest is a third party processor where prepaid cards were being used for crypto based activities; the terms and conditions of their agreement with Visa stated that funds could only be loaded to the card via an employer on a regular basis; the termination note leaves a number of companies in limbo and looking for another option to service customers. Source.
Crypto enthusiasts hope the project can launch digital currency into the mainstream even if the current version is not decentralized;...
Crypto exchanges have had a hard time gaining access to big time money from Wall Street because they are perceived...
While crypto markets have shook up the traditional financial world they are still vulnerable to market manipulation; recently crypto exchanges...
Cryptocurrency exchange Coinbase and payments company Ivy Koin have met with FDIC officials in recent weeks to explore obtaining a...