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. Goldman Sachs, Point72 and others invest $44 million in business credit startup Nav from Reuters – We start […]
- JPMorgan Looks to Establish Themselves as Leader over Swift and RippleJPMorgan Chase announced a JPM Coin to allow for interbank payments on a closed network using their Quorum technology; the move is in direct competition to Swift and Ripple as the bank looks to become the leader in interbank payments; the coin will be worth one dollar back by the bank; there are over 150 […]
- The SBA Should Start Working More With Fintech LendersIn an op-ed in American Banker the head of Funding Circle USA, Bernardo Martinez, calls on the U.S. Small Business Administration to do more to work with fintech lenders; the SBA 7(a) program is the largest conduit for capital to small business approving over 68,000 loans totaling more than $25 billion in 2017; it is […]
- U.S. Fintech Unicorns Valued at $147 BillionLast year was a record year for fintech funding with VC-backed fintech companies raising close to $40 billion globally; there are now 39 fintech unicorns in the U.S. worth more than a combined $147 billion; led by Stripe with a valuation of $20.5 billion these companies are changing the face of finance. Source.