• Subscribe
  • Contact Us
  • About LendIt Fintech News
  • Home
  • Menu Item
  • Menu Item
  • Menu Item
  • Menu Item

Lend Academy

LendIt Fintech News: Daily Coverage of Fintech & Online Lending


  • Editorial
  • Daily News
  • Podcast
  • Investor Forum
  • Events

Top 10 Fintech News Stories for the Week Ending August 15, 2020

August 15, 2020 By Peter Renton Leave a Comment

Views: 259

Here are what I consider to be the top 10 most important fintech news stories of the past week.

AmEx in Advanced Talks to Buy SoftBank-Backed Kabbage from Bloomberg – Last week we learned that Kabbage was for sale and this week it was revealed that the leading suitor is American Express and the price may be as much as $850 million.

Facebook Financial formed to pursue company’s commerce ambitions from American Banker – Facebook has formed a new group to run all of their payments projects and it will be run by David Marcus, who is also in charge of their Libra project.

Coinbase to Offer Bitcoin-Backed Loans to US Customers from Coindesk – the biggest name in cryptocurrency has entered the lending space allowing customers to borrow against 30% of their bitcoin holdings.

Customers Bancorp to sell BankMobile for $140M from Banking Dive – Customers Bank is spinning off BankMobile to a special-purpose acquisition company (SPAC) for $140 million and it will be listed on the New York Stock Exchange.

BankThink: PPP had its strengths. Its successor can be stronger. from American Banker – Sam Graziano, the CEO of Fundation, has some interesting ideas for the next round of PPP.

Deadline for the Global Covid-19 Fintech Survey is Fast Approaching from Lend Academy – The most important survey in the history to fintech is coming to a close on Monday, August 17; please take the survey if you have not already done so.

China to Expand Testing of a Digital Currency from The Wall Street Journal – China is expanding its digital currency pilot program to include a number of large cities including Beijing.

Where Fintech Ranks on the Inc 5000 List for 2020 from deBanked – The Inc. 5000 list was released this week with dozens of fintech companies making the list.

PayActiv Secures $100M in Series C Funding from FINSMES – One of the leaders in the earned wage access space, PayActiv, has received a big cash injection with the close of their $100 million Series C led by Eldridge.

Square’s Cash App tests new feature allowing users to borrow up to $200 from TechCrunch – Cash App, the peer to peer payments service from Square, is getting into small dollar lending, testing a $20 to $200 loan with 1,000 users with a flat 5% fee.

Filed Under: News Roundup

Views: 259

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Investor Intelligence

Peter Renton's Returns

Investor Forum

Lending Club Review

Prosper Review

Investor Resources

Most Popular Editorials

The Pure Marketplace Lending Model is Dead, the Hybrid Takes its Place

The 2018 Lending Club and Prosper Tax Guide

My Returns at Lending Club and Prosper

Map of Available States for Lending Club and Prosper Investors

Banks and Marketplace Lending Platforms: Ideal Partners?

Subscribe to the Podcast

Subscribe to the Lend Academy Podcast on iTunes
Subscribe to the Lend Academy Podcast
List of Podcast Episodes

Archives

Follow @LendAcademy Follow @LendIt

ABOUT LENDIT FINTECH NEWS

LendIt Fintech News, Powered by Lend Academy, has been bringing you all the news and information about fintech and online lending since 2010 when it was founded by Peter Renton. We not only have the industry’s most active news site, but also the largest investor forum and the first and most popular podcast.

We are a team of fintech enthusiasts who have been covering the industry for many years. With a deep knowledge of online lending, digital banking, blockchain, artificial intelligence and more our team covers the daily news and writes in-depth editorials.

Recent Editorials

  • Top 10 Fintech News Stories for the Week Ending January 16, 2021
  • Podcast 281: Sean De Clercq of Kickfurther
  • Upgrade Launches a Rewards Checking Account
  • Affirm’s IPO Takes Off Like a Rocket Ship
  • Fintech Lenders and Banks Are Ready for PPP Round Two

Copyright © 2021 · Metro Pro Theme on Genesis Framework · WordPress · Log in