Dave launched as a fintech that helped customers avoid overdrafts by providing interest free cash advances; the fintech is now...
Income Share Agreements (ISAs) are slowly growing in popularity as an alternative to traditional student loans; a new company called...
One of the leading fintechs in small business lending has partnered with the online banking platform Azlo; through the partnership,...
Credibly has been chosen to service BizFi's $250 million portfolio; Credibly also announced it had crossed the $500 million mark in capital deployed to SMBs; this does not include the portfolio of loans being serviced from BizFi; Ryan Rosett, Credibly's founder and co-chief executive officer stated: "Acquiring the servicing rights of BizFi's portfolio is a testament to our data-driven approach and laser focus on the working capital needs of small businesses. We welcome our new customers and are committed to ensuring that their growth capital needs are met." Source
Elizabeth Warren and Doug Jones are asking regulators to take a closer look at the tools that fintechs are using...
The Bureau of Labor Statistics released its October jobs report; data showed an increase of 161,000 jobs in October with the unemployment rate decreasing to 4.9%; continues positive momentum in the labor market after an increase of 191,000 jobs in September. Source
NuBank started back in 2013 with $2mn in seed capital with the idea of fighting the bureaucracy and complexity of...
Summit will be held in Washington D.C.; the Online Lending Policy Institute (OLPI) is one of the leading industry groups to promote regulatory discussions in Washington; the event will be held on September 25 at the Renaissance Hotel; industry participants will share insights, propose standards and have a dialogue with regulators and policymakers; the OLPI was founded by Cross River, the Boston University Center for Finance, Law & Policy (CFLP) and RocketLoans. Source
Goldman Sachs Co-Chief Information Officer Marco Argenti sent a memo seen by Business Insider that details the potential of building...