• 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 January 30, 2021

January 30, 2021 By Peter Renton Leave a Comment

Views: 295

While the news this week was dominate by the Robinhood saga there was plenty of important fintech news that happened including a massive new round by the world’s most valuable digital bank. Here are what I consider to be the top 10 most important fintech news stories of the past week.

GameStop Stock Game Got Stomped from Bloomberg – My favorite take on the Robinhood/GameStop drama from this past week came from Matt Levine. This is a long read but a thorough look at what actually happened this week.

Fintech darling Nubank raises blockbuster $400M Series G at $25B valuation from TechCrunch – It is difficult to overstate the importance of Nubank not just to Brazil but to all of Latin American fintech. To go from 12 million customers in 2019 to 34 million today with zero marketing spend is an incredible achievement.

Plaid launches Deposit Switch to help banks, fintechs compete for direct deposits from Banking Dive – Plaid launched a new product this week that makes it easier and faster for consumers to change their bank destination for paychecks.

Jack Ma’s Ant Plans Major Revamp in Response to Chinese Pressure from The Wall Street Journal – Chinese regulators have told Ant Group they need to become a bank holding company and the fintech behemoth is putting together a plan to do just that.

Coinbase Chooses Direct Listing Route to Public Markets from Crunchbase – Coinbase is eschewing the traditional IPO route in favor of a direct listing.

VCs flood into banking-as-a-service from The Financial Times – The banking-as-a-service/embedded finance segment is one of the hottest segments in all of fintech.

FedNow Details Pilot Program Participants from PYMNTS – Instant payments is on the horizon as the Federal Reserve announced the list of the more than 100 companies that will be participating in the pilot program.

JPMorgan Funds $686 Million in Mortgages Through London Fintech from Bloomberg – LendInvest has closed a £500 million deal with JPMorgan Chase to invest in UK buy-to-let property loans.

Digital Banking: US based Current Says it Helped Consumers Save Over $100 Million in Overdraft Fees from Crowdfund Insider – I am a big fan of companies that help reduce overdraft fees and Current is helping its two million customers do just that.

Small-Business Owners Promised More PPP Loan Application Help from The Wall Street Journal – Yes, the new round of PPP loans is ongoing and it is not surprising that there have been some new glitches.

Filed Under: News Roundup

Views: 295

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

  • LendingClub Launches Founders Savings Accounts
  • Top 10 Fintech News Stories for the Week Ending February 20, 2021
  • Podcast 286: Billy Libby of Upper90
  • Deep Dive into the MoneyLion and OppFi SPACs
  • Top 10 Fintech News Stories for the Week Ending February 13, 2021

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