Brazil's teenage-focused neobank Z1 received a $10.4 million investment to build new products to cater to young adults as well.
Capital One announced last year that they were exiting the mortgage and home equity originations business; some of those employees are landing at Flagstar bank to expand their direct lending operation; Kristy Fercho, president of mortgage for Flagstar stated, “Capital One built a best-in-class digital platform, so we are excited about attracting this proven, high-caliber team in the direct-to-consumer space to Flagstar.” Source
While the digital asset industry has brought in some skeptics over the past couple years, investors are hoping that crypto startups can push traditional firms into blockchain infrastructure.BlockApps has raised $41 million in a new funding round to continue its expansion into the enterprise blockchain...
Frederic Nze is the CEO and founder of Oakam, a UK micro-lender that serves the needs of immigrant communities; in...
Robo adviser Wealthfront has announced in a blog post that it will expand its product offering to include loans; the firm is one of the premier robo advisers in the US; through a partnership with RBC Capital Markets, Wealthfront has uniquely designed a lending product for its current clients with at least $100,000; loans can be issued for approximately 30% of a client's account value. Source
Neofin goes live in the US with Stately Credit for their no code lending platform.
Although the final restrictions of the COVID-19 pandemic have almost been lifted, its effect continues to mark the UK SME landscape.
This week’s video highlight features a keynote session from 2017 with Jackie Reses of Square Capital, moderated by David Cox...
Square has started to allow some of its Cash mobile app users to buy and sell the cryptocurrency through the app; a Square spokesperson said, “We’re exploring how Square can make this experience faster and easier, and have rolled out this feature to a small number of Cash app customers,” as reported by Crowdfund Insider. Source.
The alternative lender has now received authorization from the British Business Bank to provide loans under the Coronavirus Business Interruption...