Initial coin offerings (ICOs) raised $550 million in June, surpassing the angel and early stage venture capital fundraising for internet businesses globally; several factors could potentially slow the fundraising trend including security issues and a report from the Securities and Exchange Commission; despite some new challenges, ICO fundraising data shows the offerings also ahead of angel and early stage funding in July. Source
Rocket Internet is looking to make an investment push into fintech and artificial intelligence as it looks to deploy $3bn...
RateSetter was the last of the “big three” p2p lenders to be authorized after a two year wait; both Zopa and Funding Circle were authorized in May, 2017; RateSetter will now be able to launch their Innovative Finance ISA; Founder and CEO Rhydian Lewis stated, “Authorisation has been a long but positive journey during which we have learnt a lot, improved our infrastructure and implemented important changes, notably making the business more transparent. Transparency is vital to our business because our customers need to understand what we do to appreciate the risk of lending on RateSetter.” Source
The student loan refi lender is building a new banking model around payments and digital banking platforms, plus a national charter.
Data storage startup Snowflake is adding Google’s public cloud to their support which already can service Amazon Web Services and...
Mexican online lender and BNPL provider Kueski has raised $202 in a debt and equity round led by StepStone Group....
The Business Of Sending Money Back Home Could Collapse. How Is COVID-19 Affecting Migrants? Marcus slashes easy access savings rate...
J.D. Power's 2024 U.S. Merchant Services Satisfaction Study finds 54 per cent of small businesses accept BNPL and that those operations score the relatively new way to pay highest among payment methods, with a 744 score on a 1,000-point scale.
A major fintech startup exec is being minted into NYC’s latest VC Discover takes new approach to fraud as coronavirus...
After the Bust, Are Bitcoins More Like Tulip Mania or the Internet? Google’s Ulku Rowe on how innovative financial services...