Like many areas of fintech, earned wage access (sometimes called earned income access or payroll advances) wasn’t really a thing until recently. Now, it is a thriving niche industry with companies such as PayActiv, Earnin, Even, DailyPay, HoneyBee and others providing offerings in this space. In a sign that earned wage access is gaining mainstream […]
Today’s News
- JP Morgan Closing Down Chase PayJP Morgan informed customers today that they will no longer to use Chase Pay to pay for purchases via their smartphones; Chase Pay will still be available online through retailers that accept it; Chase Pay was brought to market four years ago to compete with other offerings like Apple Pay; one of the big changes […]
- Tala Raises $110mn for Product and Market ExpansionU.S. based microlender Tala has raised a $110mn series D round led by RPS Ventures along with PayPal, GGV Capital and Revolution Growth; the company says they will use the new capital to accelerate its vision of financial agency for all by launching new products and expanding further into their core markets; Tala relies on […]
- Banking as a Service Industry Beginning to Take OffBusiness Insider takes a detailed look into the banking as a service (BaaS) market by examining traditional banks offering the service to some of the leading startups; according to PwC the new revenue potential through opening bank was $700mn in 2018 and Business Insider projects it to reach $2bn by 2024; for traditional banks BaaS […]
LATEST PODCASTS
Podcast 211: John Goodall of Landbay
There are several fintech companies attacking different parts of the real estate market in the UK. Despite the challenges surrounding Brexit this is still and vibrant and healthy market. The fintech leader in what is called the “buy-to-let” segment is Landbay. They began lending in 2014 and just recently closed a $1 billion funding commitment […]
Podcast 210: Radko Albrecht of Bitbond
When you think of cutting edge cryptocurrency technology you generally don’t associate it with small business lending. Even the new fintech lenders that are doing really innovative work in small business lending have tended to stay away from crypto. But our next guest on the Lend Academy Podcast has combined these two niches into a […]
Podcast 209: Al Goldstein of Avant and Amount
We last had Al Goldstein, the CEO and Chairman of Avant and Amount, on the show back in 2015. So much has changed since then not just in the personal loan space but in the banking space as well. And Avant has evolved to meet those challenges. We spend a lot of time in this […]