Mission based digital banking startup Varo Money secured their second significant round of the last two years by raising $45mn; investors in the round include The Rise Fund, led by U2 ‘s lead singer Bono, and Warburg Pincus who also helped to lead their first round; Varo applied for a national bank charter in July and plans to use the money for hiring, product development and marketing. Source.
Blockchain based lending fintech Figure has seen a 300 percent surge in loan applications due to the recent rate cut...
A new Harris Poll survey by Ondot Systems asked Americans their thoughts about banking with big tech companies like Apple,...
Thomas Curry spent most of his speech at LendIt USA refuting arguments against the Office of the Comptroller of the Currency's (OCC) fintech charter and the agency's authority for establishing the charter however controversial factors affecting the charter's implementation were the primary topic for discussion on a LendIt USA panel; while panelists generally agreed that more regulatory clarity is needed for financial innovation overall, panelists were divided on the need for a fintech charter to regulate fintech firms; panelists reported that fintech chartering could potentially promote partnerships with banks through more standardized regulation however it seems the fintech charter is far from ready to match the broad ranging fintech variants for which it's trying to target. Source
While speaking to CNBC former director of the White House Economic Council Gary Cohn says he is exploring options to...
Brex Cash is the cash management account of the leading fintech startup best known for its corporate card for growth...
Personal Capital is looking to compete with banks offering high yield accounts; the new offering called Personal Capital Cash offers...
Dorsey was recently interviewed at the Computer History Museum in Mountain View; Dorsey is bullish on the future of blockchain describing it as the "next big unlock"; believes that people need to be thoughtful in the applications of blockchain, focusing on what are the best applications of the technology; also discusses bitcoin and how it is beginning to reach more people. Source
Magic Johnson told the WSJ that his life insurance company will provide $100 million to small businesses as part of...
While coronavirus is causing turmoil throughout global markets and businesses there could be some unintended benefits; MoneyGram’s FastSend could find...