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, […]
When an immigrant first arrives in the U.S. they face a myriad of challenges. One of those core challenges is getting a bank account and becoming part of the financial system. Traditional banks find it very difficult to deal with these populations so, not surprisingly, fintech has come to fill in the gap. My next […]
Despite the consensus (notwithstanding the opinions of a few of congress) that the closure of three banks within a week was a failure of the banking system, not due to crypto, the news has been dragged into the DeFi stage. The closure of Signature bank on Sunday marked a second blow to crypto companies looking […]
Saturating the headlines, the failure of Silicon Valley Bank happened at breakneck speed. RELATED: Silicon Valley Bank: Closed by regulators to protect deposits “Every event has a sponsor, and some folks have already printed T-shirts saying the “Silicon Valley Bank Run 2023″ as if it was a fun run. I think the sponsor of this […]
Apple Pay goes live in Mexico as card issuer Paymentology partners with Fondeadora to expand digital payments in the North American country. Companies announced an alliance to bring the product to Mexico this week, thus becoming one of the first to market Apple Pay in the country. Paymentology is a global issuer processor, providing card […]
Since the late January 2023 rumors of Stripe’s exploration of going public, scrutiny of the fintech’s woes has mounted. Once valued at $95 billion, Stripe has been slipping, its most recent valuation languishing around the $50 billion mark. An IPO seems off the table for the time being. Commentators with 20/20 hindsight are bemoaning the […]
We will be live-updating this story as new developments emerge. The latest Thursday, March 16, 2023 A consortium of lenders saved First Republic Bank. Tuesday, March 14, 2023 Earlier today, newly appointed CEO Tim Mayopoulus sent an email to customers assuring the bank was doing everything to “rebuild, win back confidence, and continue supporting the […]
Mexican fintech Clara secured a $90 million debt facility to grow its footprint in South America. “We are thrilled to announce we have secured a new debt facility backed by Skandia Colombia and Accial Capital,” the company said this week. “This financing will not only enable us to strengthen our financing solutions in Colombia but […]