The marketplace lending space is now relatively mature, particularly when it comes to consumer loans, with several platforms 10-15 years old. The first public securitization was back in 2013 by SoFi and there have been hundreds of deals closed since then. The unsecured personal loan space now has a long track record with consistent performance. Gunes Kulaligil […]
Final exams are the least of students’ worries when they do not have a place to live. Dorm stays or bunking down with parents while in school are options for some, but they do not make the grade as a long-term solution. Without a permanent address, finding work and building a social life is hard. […]
Private permissioned blockchains are a key feature of Tassat’s B2B payments and financial services for banks. Best of all, chief information security officer Al Berg said they are compliant while easily operating within U.S. regulations. Tassat’s Digital Interbank Network is the world’s first blockchain-based, real-time payments network operating entirely within the existing regulatory framework of […]
Andrew Dix Watch a replay of our weekly news roundup show with hosts Todd Anderson and Peter Renton, with special guest Andrew Dix from Crowdfund Insider. This fast-paced show features the content leaders of Fintech Nexus discussing the biggest fintech news stories of the past week. Watch the replay below. Fintech Nexus Staff This content […]
After helping workers get paid faster at DailyPay, Jason Lee and Rob Law want to help now them build wealth at Salt Labs. Recently emerging out of stealth, Salt Labs is an HR and fintech startup that enables hourly workers to own the value of their work, Lee, Salt Labs’ CEO, explained. It’s an intriguing […]
A warmer embrace of open data could solve America’s small business credit crunch, a new Codat report suggests. That is one finding from America’s SmallBusiness Credit Opportunity, a report conducted with polling from YouGov. It explains that while American small business credit demand remains high, many owners cannot access the credit they need to expand […]
Fraud continues to evolve, with technology making it easier to get started and thrive, Sift’s new Digital Trust and Safety Index shows. It’s becoming easier to buy and sell stolen information, Sift trust and safety architect Jane Lee said. Finagle an invite to a Telegram forum, and you’re in. Discussion group posts on this are […]
Brazilian Nubank reached 79.1 million customers in Latin America, the neobank said this week regarding its first-quarter userbase growth. The new milestone marks a 33% growth yearly, up almost 20 million since the first quarter of 2022. The digital bank started in 2013 in Brazil and has branched out to Mexico and Colombia recently. However, […]
Clara, a Mexican fintech that provides corporate cards and other expense management solutions for businesses across Latin America, recently secured a $60 million investment in a Series B round led by GGV Capital. The venture capital fund, which has already bet on Airbnb and invested in Mexican credit card unicorn Stori, will have a seat […]
AUSTIN, Texas — Last year was marred by CeFi companies’ evidence on fraud, ultimately leading to waves of knock-on effects that continue to unfold. Lawyers and investigators are still unpicking the latest meltdowns, but a picture is slowly emerging of how they happened in an industry that claims to improve transparency. These failures “were a […]