No, you did not wake up back in 2021 but there is news this morning of a €285 Million (over $300m) fintech funding round. Germany-founded but London-based SumUp has closed the massive funding round that is “mostly equity” which tempers our initial enthusiasm somewhat. But even a nine-figure equity round is enough to make the news these […]
Much has been written about the looming end to the Apple-Goldman Sachs relationship (we even produced a cartoon about it). And while this is a big deal for Goldman and Apple, the average Apple Card holder likely does not give it a second thought. That is why I loved Dave Birch’s take today on the pending breakup. The 6.7 million Apple […]
Matt Bodkin Matt is a seasoned editorial cartoonist with a Bachelor of Fine Arts from Long Island University. He brings a strong background in the newspaper industry and skills in arts and design to his work. He aims to distill complex issues into funny doodles that resonate with readers. View all posts .pp-multiple-authors-boxes-wrapper.box-post-id-45383.pp-multiple-authors-layout-boxed.multiple-authors-target-shortcode.box-instance-id-1 .box-header-title { […]
Yesterday, the OCC issued new guidance for banks, addressing the risks of buy now pay later lending. The guidance focused on the popular “pay in 4” segment of BNPL. Not surprisingly, the national bank regulator recommended tight oversight of third-party servicers, the importance of transparent loan terms and fraud mitigation. This guidance intends to minimize adverse outcomes for consumers […]
Nasdaq-listed Inter is making waves in the world of Brazilian neobanking after announcing a major customer acquisition milestone. In December, the two-billion-dollar firm reached 30 million customers, cementing its place among the neobanks vying for big banks’ share in Brazil. The Belo-Horizonte-based neobank boasts a so-called “super app” in Brazil, providing clients with various financial […]
Enjoying our podcasts? Don’t miss out on future episodes! Please hit that subscribe button on Apple, Spotify, YouTube, or your favorite podcast platform to stay updated with our latest content. Thank you for your support! While most of us would agree that we have seen significant innovation in fintech and banking over the last decade, we still don’t really […]
After a sharp lending slowdown in the past few years, fintechs in Latin America are gearing up once again for credit expansion in 2024 as interest rate pressures fade out across the region and venture capital investment shows signs of stabilization. In 2022, neobanks hit the brakes on lending as venture capital dried up, and […]
House Financial Services Committee Chairman Patrick McHenry (R-NC) announced yesterday that he will not be seeking reelection to the North Carolina seat he has held for almost 20 years. Over the years whether serving as the Committee Chairman or as the Ranking Member, he has been a tireless champion for financial innovation on the House Financial Services […]
When we decided to merge our events business with Fintech Meetup in June of this year we did so confident that our loyal events customers would be well-served by this move. Now, after almost six months in partnership with Fintech Meetup, I am even more confident that will be the case. I attended Fintech Meetup’s […]
If there’s a point of sale, there’s Buy Now, Pay Later. As the option to pay du jour, BNPL — a new twist on an old financing offering to consumers that allows them to pay for their purchases over time — is seemingly everywhere now, as common a POS sight as tried-and-true as debit and […]