During the week I share the latest marketplace lending and fintech news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here. Robinhood pulls bank charter application as fintechs face hurdles to disrupting financial system from CNBC – Robinhood is […]
Today’s News
- Chime Raises a Whopping $500mnDigital only bank Chime is now worth $5.8bn after the company just raised another $500mn; the fresh infusion of capital comes just months after raising $200mn at a $1.5bn valuation in March; “It’s a combination of things,” said Chris Britt, CEO of Chime Bank of the fundraising round to Forbes. “The opportunity to improve the […]
- Millennials Still Like Visiting Bank BranchesA new report out by Jefferies suggests that young people are embracing bank branches despite the rise of digital-only banks; Ken Usdin, Jefferies equity analyst, wrote, “Perhaps surprisingly, younger respondents indicated branch/ATM proximity as first and digital/mobile capability as second when choosing a new bank”; nearly 75% of respondents said they visited a physical branch […]
- eToro Looks to Jump into the Digital Banking MarketAccording to emails and images seen by Business Insider social investment platform eToro is planning to launch a debit card in 2020; the company is jumping into a market that has become quite crowded in recent years and has seen companies like Monzo, Revolut, Chime and others have big success in acquiring customers; eToro was […]
LATEST PODCASTS
Podcast 225: Noah Breslow of OnDeck Capital
Online small business lending is becoming a mature industry with several established players. But it all began with OnDeck when they launched in 2007. The company has now provided over $12 billion in loans to customers throughout the United States, Australia and Canada. Our next guest on the Lend Academy Podcast, back for the third […]
Podcast 224: Sam Graziano of Fundation
While there are several online lending platforms that have reached scale in the small business space, banks still do the vast majority of small business loans. But many banks don’t have the capability to provide a modern, digital and user friendly experience. The good news is that banks now recognize this and are more open […]
Podcast 223: Steve Hoke of Finastra
Applying for a residential mortgage is a slow and complicated process. While technology is certainly making this process more efficient we still have a long way to go before it is a quick and seamless experience. The same can be said for commercial loans. For most community banks these are the two kinds of loans […]