• 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 9, 2021

January 9, 2021 By Peter Renton Leave a Comment

Views: 740

In was obviously a crazy week here but it was also a very busy week for fintech news. Here are what I consider to be the top 10 most important fintech news stories of the past week.

SoFi to Go Public via a SPAC That Values the Company at $8.65 Billion from Lend Academy – SoFi has the most diversified offerings in all of fintech and they announced this week that they would bypass an IPO and go public via a SPAC with the deal closing by the end of Q1.

Lender Affirm Seeks to Raise Almost $935 Million in IPO from Bloomberg – Affirm is getting set for its IPO that is rumored to be happening on Tuesday next week where it will raise close to $1 billion and if it hits the upper end of its pricing range will be valued at $11 billion.

BBVA says that it is shutting down banking app Simple, will transfer users to BBVA USA from TechCrunch – This week marked the end of an era for one of the world’s first digital banks as Simple, acquired by BBVA in 2014 for $117 million, was shut down.

Paycheck Protection Program application start date: What to know about the new small-business loans from Fast Company – The SBA released the rules for the next round of PPP this week and applications will begin on Monday.

Green Dot launches Go2bank, its in-house challenger bank from Tearsheet – Another digital bank enters the fray as Green Dot, known for its banking as a service business, launches Go2bank targeting those people living paycheck to paycheck.

How decentralized finance could reshape banking from American Banker – This is the best article I have read on how banks can take advantage of the DeFi trend. Worth reading every word (good job Penny Crosman).

Banking software start-up Mambu raises $135 million at a $2.1 billion valuation from CNBC – As digital banking adoption ramps up around the world the beneficiaries of this trend are the bank software providers and Mambu is one of the leaders here.

N26 scoops Brazilian banking licence to take on Nubank from AltFi – N26 has received a license from the Brazilian Central Bank and will now be taking on the world leader in digital banking, Nubank.

What banks can earn, and learn, from underbanked customers from FinLedger – There are more banking options than ever before for underserved consumers and fintech is leading the way.

New York leads states’ push to overturn OCC’s ‘rent-a-bank’ rule from American Banker – A coalition of states sued the OCC this week of attempting to facilitate predatory lending by working around state usury laws.

Filed Under: News Roundup

Views: 740

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

  • Marcus Co-Founder Leaving for New Walmart Fintech Initiative
  • Top 10 Fintech News Stories for the Week Ending February 27, 2021
  • Podcast 287: Brad Paterson of Splitit
  • ODX and Fundation Join Forces to Form Linear Financial Technologies
  • LendIt Fintech’s Lending Innovation Summit Europe is Next Week

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