Private credit fund managers are already starting to see an increase in deal flow as traditional lenders shrink their loan...
Cross River Bank is leveraging its fintech customers to grow its payment transaction services; the firm has digital lending partnerships with 17 companies and is the issuing lender for some of the industry's top marketplace platforms; the firm's business relationships have helped to expand its payments system customers with many of its customers naturally migrating to Cross River Bank's payments system; the firm's CEO Gilles Gades says its payments activity could double next year with help from existing relationships with Stripe and Google Wallet providing access to Mastercard Send; in payments, Cross River currently manages approximately 2 million transactions per month and it sees a substantial opportunity for gaining more market share; industry participants are also watching Cross River Bank's plans for developing a newly branded bank called Almond Bank, which it has recently been investing in. Source
Public data suggests that several crypto investors profited from inside knowledge of when tokens would be listed on exchanges.
Artificial intelligence is one of the hottest topics in fintech today; while we often hear of AI replacing humans, companies...
Hans Morris of Nyca Partners has launched a new venture capital fund; Morris is the founder of Nyca Partners and a former Lending Club chairman; Morris has raised new capital of $125 million for the fund which will invest in fintech startups. Source
Insurtech company, Hippo, has raised $14 million in a Series A funding round led by Horizons Ventures; firm provides online home insurance offerings at a more affordable market price due to its online business model and direct to consumer offerings; says its policies are customized to meet the needs of modern lifestyles; plans to use the funding for product development and marketing for its launch to customers in California in 2017. Source
deBanked has taken the Inc 5000 list and provided a table of the top alternative small business companies by revenue; the top 5 include Square, OnDeck, Kabbage, Swift Capital and National Funding. Source
Regulators and fintech leaders gathered in Washington DC yesterday to discuss the fintech chartering process and some of the biggest challenges...
The Fintech Nexus Dealmakers events are boutique, all-meetings events with a limited number of participants.
In the aftermath of stablecoin disaster, the institutionalization of crypto assets hangs in the balance, regulatory supervision is key.