We've amalgamated all of the content from the news.lendit site here, including the full archive dating back to 2016 as an evergreen research resource.
Instead of joining a major payments provider, Plaid aims to disrupt the Visa, Mastercard, and Amex payment empire. Partners like Square, Dwolla, and new arrivals to the Plaid ecosystem Checkout.com and Marqeta are members of the new program, building payment capabilities for the new age of fintech.
Buying carbon offsets has become a popular way for organizations and individuals to mitigate their carbon emissions, thereby reducing their overall carbon footprint.
The crypto firm enables users to buy and sell crypto, earn credit rewards on their accounts, and send money peer-to-peer: it will open up the Mastercard network to the cryptocurrency world.
Many of these firms have aimed to go public in the vague "end of 2021/ early 2022/ when we have enough money" time frame while participating in increasingly rare-letter funding rounds.
On Thursday, online lender Enova International posted a $52 million profit on $320 million in revenue, up 57% from the same time last year. In addition, total originations increased 26% sequentially to a record $856 million. Despite the good news, the stock saw only a 4% rise before falling back toward its downward trend this month.
'Nu's valuation is not crazy. In fact, they are valuing each customer at about $1,000, whereas U.S. and European neobank valuations put their customers closer to $2,000.'
Powered by their $300-million fundraise over the summer, Fireblocks is looking to drive infrastructure efforts of digital banking and crypto companies as the industry is poised for explosive growth.
The paper, published by the President's Working Group on Financial Markets, argued that regulation must address defi money laundering and terrorism financing to create broader investor protection.
The report found that the traditional playbook of developing branches and building relationships may count "for little in a world where a mobile phone is the principal' real estate', and word-of-mouth – often via social media – becomes the most powerful form of validation."