The unnamed firms must shut down because they lack securities registration, according to an order issued by state Attorney General Letitia James. Her office asked three other cryptocurrency-related companies to submit detailed explanations of their business models.
British online lending start-up Zopa has raised $300 million in a funding round led by SoftBank, adding to the soaring investment flowing into European fintech.
Plaid and The Harris Poll have released a report, titled The Fintech Effect: Fintech's Mass Adoption Moment. It covers latest Fintech trends, globally.
Financial institutions are experiencing an unacceptable rate of digital account opening abandonment due to slow and broken processes.
German digital bank N26 said on Tuesday it has raised $900 million in a new funding round that values the firm at $9 billion.
Best known as a website management company, GoDaddy began directly offering digital and offline payments after learning that its clients were getting those services from fintechs. The company is also now selling terminals for in-store payments.
While federal agencies debate how to regulate cryptocurrency-related businesses, Wyoming and Nebraska have already created a special-purpose charter, and Illinois is close to finalizing its own.
But how does Clearco and Cart.com’s offering try to distinguish itself from its competitors in the ecommerce lending space? According to Omair Tariq, Cart.com’s co-founder and CEO, a key differentiator is that this lending solution is offered as part of an integrated ecommerce-as-a-service model.