Nymbus Raises $12M in Growth Funding Cross River Approves More Than $4.7 Billion in Loans to Small Businesses Across the...
Lufax is one of China's leading P2P lenders with support from Ping An Insurance; it is currently planning to launch a global asset allocation platform to facilitate investment for middle income earners across Asia in 2017; the platform will build on the company's offerings in P2P lending and wealth management; Lufax is also working with four investment banks on an initial public offering in Hong Kong. Source
The report shares the highlights of securitization in the space which totaled $7.8 billion in 2017, up from $4.6 billion in 2016; SoFi was the leader in both volume and total number of ABS deals; report includes KBRA’s outlook for 2018, loan origination and ABS issuance by platform, performance and rating trends and more. Source
Chime raises $18mn in a series B fundraise from Cathay Innovation, Northwestern Mutual Future Ventures, Crosslink Capital and more; Chime is a digital banking app focused on millennials by not charging monthly fees or overdraft charges; they make money on transactions and thus far have over 500,000 customers. Source.
Fintech: Research Indicates that 9% of Teens Have Traded Crypto, PayPal is Top BNPL Option, Cash is King for Payments. | Crowdfund Insider: Global Fintech
Currently reconsidering the Winklevoss brothers' ETF proposal, the SEC has now received another approval request for a bitcoin ETF; investment manager VanEck has submitted a prospectus to the SEC for a bitcoin-related ETF; the fund differs from previous funds, with its investments based on derivatives of bitcoin; VanEck is seeking to list the fund on the Nasdaq and says it will also include conventional investments such as US Treasury bonds and cash for risk diversification. Source
Celent is a research and advisory firm to mid and large sized banks, credit unions and technology providers; the company partnered with FI Navigator to present data on mobile app adoption in banking; we know what the historical channels of branches, contact centers, ATMs, internet and mobile are all about; mobile is becoming an omnichannel platform for both bankers and customers spanning branches, contact centers and ATMs which Bob Meara explores in his presentation; shares that half of retail customers aren't using digital channels, concerns from consumers about digital and mobile channels, and other data about mobile adoption. Source
PayU, the leading fintech and online payments provider across high-growth emerging markets, has today announced that a new innovative credit solution developed by PayU is now available to Romanian shoppers. Bucharest-based online retailer eMAG is the first partner to offer its customers the possibility to either postpone a payment or to pay in four instalments for all...
LendIt Fintech has added a new in-person event in Europe called Merge: Where Banking and Fintech meet Web3.
This is the first time the address attributed to co-founder Alex Mashinsky was used since the company froze withdrawals and entered bankruptcy.