We are revisiting the venture capital space today because we are at such an interesting inflection point. Some VC firms took a very cautious approach amid the tumultuous market of 2022 but things might be turning around albeit slowly. My next guest on the Fintech One-on-One podcast is Clara Sieg, a partner at Revolution Ventures, […]
Times may be challenging for Latin American fintechs. But they also convey a sense of opportunity for big-sized companies with deep pockets. This week, PicPay, one of the leading digital wallets in Brazil, announced a new acquisition to gain ground in Brazil’s trillion-dollar loan market. The fintech – which reports 30 million monthly users — […]
Affirm‘s earnings call on Feb. 8, 2023, was followed by a sharp drop in confidence after founder and CEO Max Levchin announced that the company’s results had fallen short of the target. This has caused the company to cut 19% of its workforce and shut down business areas, including its crypto initiative. Revenue remained relatively […]
Results from MoneyLion’s first Personal Financial Wellness Study confirm the growing influence of digital sources in our financial lives, but the steep drop-off of knowledge among millennials and Gen Z consumers. The results were gleaned from a survey of 4,010 American adults. Cynthia Kleinbaum Milner Many Americans, especially younger ones, have little familiarity with financial […]
On today’s episode, I’m joined by Patrick Sells, Co-Founder of True Digital Group. Patrick Sells of True Digital Group True Digital Group’s mission is to help financial institutions embrace digital innovation through investments in culture, capabilities, and capital. It really is a mission for Patrick and the team at True Digital Group. Over the last few years, […]
Nubank’s board of directors has authorized the fintech company to issue Nucoin tokens from the Cayman Islands. In October, the institution announced the creation of the digital currency, which is part of its new blockchain and crypto-assets initiative in LatAm. Fernando Czapski, one of the co-founders of Nucoin, will be responsible for the issuance process […]
One security expert was surprised to learn multifactor authentication (MFA) is not mandatory for PayPal users after the company confirmed a data breach occurred in December. Mike Walters, Co-Founder of Action 1 Corporation, shared his thoughts with Fintech Nexus after the data breach exposed up to 35,000 user accounts. Mike Walters Walters said that the lack […]
Following a year that eventually led to a cut of 14% of their workforce, it was perhaps unsurprising that LendingClub referenced the challenging conditions in their Q4 2022 earnings call. The company continued to see net revenue growth despite the ongoing macroeconomic difficulties. “We closed out 2022 With solid results,” said Scott Sanborn, CEO of […]
Blair Silverberg of Hum Capital While there has been a lot of fintech innovation in small business lending, it has mostly been focused on loans of $500,000 or less. When it comes to loans of $1 million to $50 million there has been less innovation and it is still very much a manual, relationship-based process. […]
Matt Bodkin Matt is an experienced editorial cartoonist with a demonstrated history of working in the newspaper industry. Strong arts and design professional with a Bachelor of Fine Arts focused in Fine Arts from Long Island University, Southampton Campus. View all posts