[Editor’s Note: This is an article by Devin Partida, the Editor-in-Chief of ReHack.com. Devin is a Fintech and crypto writer whose...
Robinhood has become one of the hottest fintech companies on the planet which has helped them to amass a valuation...
Upstart’s AI Lending Platform Expands to Auto Loans On Deposit Solutions’ launch in the U.S. with CEO Philipp von Girsewald...
The Series F round values the fintech company at $8.3 billion; the latest round continues a deceleration of valuations the...
On Thursday, online lender Enova International posted a $52 million profit on $320 million in revenue, up 57% from the same time last year. In addition, total originations increased 26% sequentially to a record $856 million. Despite the good news, the stock saw only a 4% rise before falling back toward its downward trend this month.
We are syndicating a deep conversation across roboadvice, high tech and payments, and fintech bundling that we had with Craig Iskowitz of Ezra Group Consulting.
Check out Ezra Group Consulting here to learn more about digital wealth and Craig’s consulting practice. He is one of the sharpest software consultants in the RIA space, and his firm works with wealth management firms and fintech vendors to provide technology strategy and market research.
We had a lot of fun in this conversation and cover TD & Schwab, Wealthsimple, M1 Finance, Ant & Tencent, and Robinhood, among others. The full transcript is provided along with the recording — worth a read for the illustrations alone.
One of the hottest fintechs has received another monster round of funding; Robinhood raised an additional $320mn to boost their...
I was excited about Robinhood’s announcement too. The prospect of earning 3% on a savings and checking account was extremely...
The Wall Street Journal reports a new fundraising round led by DST Global will value the company at more than $5bn; the last valuation was about $1.3bn in 2017; popularity in the app has since jumped when it expanded to include cryptocurrencies bitcoin, ethereum and litecoin; since launching they have reached more than 4 million users and the new valuation will put them in the top 15 of highest valued private tech companies in the U.S. Source.
I dig deeply into the $5.3 billion acquisition of data aggregator Plaid by $500 billion payments network Visa. We examine why this deal is worth 25-50x revenue, while Yodlee's sale to Envestnet was priced much lower. We also look at how Plaid could be an existential threat to Visa, and why paying 1% of marketcap to protect 200 million accounts may be a good bet. Broader implications for product manufacturers across payments, investments, and banking also emerge -- the middle is getting carved out, and infrastructure providers like Visa or BlackRock are moving closer to the consumer.