Michele Alt, Partner and Co-Founder of Klaros Hi guys. Welcome to the Fintech Coffee Break. I’m your host Isabelle Castro, and today I shared my coffee break with Michele Alt, Partner and Co-Founder of Klaros. Klaros is an advisory and investment firm focused on innovation in Financial Services, helping clients navigate the difficult regulatory landscape […]
Last month, credit risk decisioning firm Provenir announced strong revenue and customer-base growth in 2022. The international firm, whose US headquarters are located in Parsippany, NJ, said in a release on Feb. 14 it grew its revenue by 35 percent last year while increasing the number of customers by 24 percent. In 2022, Provenir introduced […]
Web3 is still in its early days, but Gateway.fm is re-envisioning how the industry must proceed to reach mass adoption. Even then, there are many crucial issues to overcome. A decentralized blockchain node developer, the Norway-based company recently raised $4.6 million from a group led by Lemniscap. Its offerings begin with Gateway Access, a dedicated […]
After months in the making, Credit Suisse’s house of cards has finally fallen. This weekend has been dominated by an imminent possible takeover by its rival, UBS. There were rumblings on Wednesday when it was reported that the Swiss National Bank had stepped in to save the floundering institution. With a $54 billion loan facility, […]
LatAm fintech Belvo launched an Open Finance payment initiation solution in Brazil seven months after gaining approval from the Brazilian Central Bank. According to the company, the new product will function as a gate for users to initiate payments directly inside third-party apps and through the popular payments system Pix without the need to access […]
My colleague John White said it best in our newsletter yesterday: the week that felt like a year. Books will be written and movies will be made about the last seven days as it was the most dramatic week in finance since the financial crisis of 2008. The good news this week was that the […]
Last updated:Mar. 17, 2023 We will be live-updating this story as new developments emerge. The latest Friday, March 17, 2023 The Washington Post reports that regulators may have dropped the ball on SVB’s collapse. Thursday, March 16, 2023 A consortium of lenders saved First Republic Bank. Tuesday, March 14, 2023 Earlier today, newly appointed CEO […]
Colombian fintech Avista raised $22.5 million in debt to boost lending to the elderly in South America. This month, the fintech – one of the few exclusively focused on the “silver economy” – announced it had secured a loan facility from Accial Capital, a fund typically focused on fintech lenders in emerging markets. Founded in […]
Just as the banking world looked set to return to some kind of normality, its fate was jeopardized again with the news of a potential failure of First Republic Bank. Like many others during this rollercoaster week, the regional bank faced fears of contagion from the fall of Silicon Valley Bank (SVB). RELATED: SVB and […]
Christian Maynard-Philipp of Pattern Financial On today’s episode, I’m joined by Christian Maynard-Philipp, Founder & CEO at Pattern. Christian and I discussed Pattern’s origin story, why Pattern is different from some of the investing apps in the market, scalability, financial advisors, the investing education gap, her time in the public sector, the best fundraising story I’ve heard, […]