·
The numbers for June are in the books and Lending Club had another fantastic month, breaking $20 million in new...
Stripe has, for some time, been one of the leading fintech companies globally when it comes to scale.
But the numbers it revealed today in its annual letter are truly staggering. It processed $1 trillion, around 1% of global GDP, through its platform in 2023. It crossed that milestone just 15 years after it was founded.
Rappi prides itself on providing anything people want at any time. With such a lofty aim, it is only logical that sooner or later, the company would look to financial services to increase that convenience even further.
·
The FTX debacle continues- when you thought it was all over, things just get weirder.
Amazon's deal with Venmo has the potential to set a new standard for payment tenders in general, and other brands are likely to follow in its footsteps.
On Nov. 9, Fintech Nexus partner TOKEN2049 will be in London after a similar and successful October event broke records in Singapore.
The funds will be used to expand Baubap’s financial products and provide 3 million new loans over the next 12 months.
BigTech has entered the sights of regulators worldwide, in a bid to boost competition. But perhaps small business stimulation is better.
The fintech space, and the tech space more broadly, is enamored with company valuations. The term unicorn arose out of that fascination.
Embedded consumer lending offers many benefits over BNPL. Working with a BaaS provider like Finastra allows banks to control their roadmap.