Murmurings from Fintech Meetup and HumanX It is amazing to me, how many meetings — even in a meeting I had today … where someone says, ‘What do you see in valuations today?’ As if there’s a generic answer for what variables every company in the world should be valued on.” — Jade Mandel, Managing […]
How dismantling the Consumer Financial Protection Bureau turns back the clock — exposing consumers to financial harm and encouraging unfair industry practices People have been flooding the internet with stories of how the Consumer Financial Protection Bureau (CFPB) helped protect them from financial scams and exploitation ever since Elon Musk and CFPB Acting Director Russ […]
Three questions for Canaan Partners’ Dana Warren and Brendan Dickinson Given the stop-start nature of tariff imposition and other major macroeconomic policies, are businesses adopting a more Nostradamus-esque response to these disruptions? And, since this is Fintech Nexus after all, what happens to financial-technology providers? To parse the implications of by-the-minute major jolts to the economy, gauge […]
At 12:01 AM ET on Tuesday, a U.S. tranche of 25% tariffs went into effect against Mexican and Canadian imports, and tariffs doubled against Chinese goods. Public market reactions were nearly instantaneous and universally grim: The S&P 500 lost all post-election gains, though stock markets rebounded somewhat on Wednesday following President Trump’s decreed temporary exceptions […]
Today marks an exciting new beginning for Fintech Nexus, the leading fintech media company, as it relaunches under new ownership by COMMAND, a strategic communications firm that works with high-growth tech companies and venture capital firms. Founded in 2013 by Peter Renton and Bo Brustkern as LendIt, the publication has been at the heart of […]
Three questions for former CFPB Deputy Director Raj Date Earlier this month, Department of Government Efficiency (DOGE) czar Elon Musk declared, with his usual subtlety, “CFPB RIP ?.” And indeed, the Consumer Financial Protection Bureau (CFPB) is teetering on the edge of irrelevance. Russ Vought, the acting CFPB Director and architect of Project 2025 for […]
Why Orum eyes debit cards as the rails for more market share The adage “If you build it they will come” applies inconsistently to the payments space. The mixed-results history of monetary projects — from the hodge podge of bank-issued currencies that preceded national tender to the alphabet soup of cryptocurrencies and stablecoins hoping for […]
When we started Fintech Nexus in 2013 (known as LendIt back then) we did not have grand plans. The idea was simply to gather the brain trust in the newly-emerging online lending industry so we could learn from each other, network, and do business. We figured we would work on a small event a few […]
Looking back over my decade-plus covering fintech, I see parallels between earned wage access (EWA) today and the past paths of equity crowdfunding, peer-to-peer lending and BNPL. Others in the industry do, too. In broad strokes, entrepreneurs use new(ish) technology to create a novel solution to an existing problem or to refresh an old idea […]
The Synapse debacle continues. Former FDIC Chair Jelena McWilliams is the court-appointed trustee managing the bankruptcy process. She was appointed on May 24. On Friday, the bankruptcy judge held a hearing during which the first report from McWilliams was discussed. She has been trying to reconcile the missing funds, and it appears that there is an […]