#InsurTech / Rhino raises $95m to support US renters

Rhino’s security deposit insurance acts as a “direct replacement” for a cash security deposit. Renters pay the firm monthly fees to insure their landlord’s property for damages and lost rent. The firm claims it has tripled in size to more than 100 employees. It says its policies cover one million homes in the US, andContinue reading “#InsurTech / Rhino raises $95m to support US renters”

#FinTech #BankTech / What’s in store for financial services in 2021?

[Key takeaways from the article by Fintech Futures] …what the rest of this year might have in store for the world of financial services and fintech. Your marketing strategy will focus on Gen Z… For Gen Z, it is customary for birthday money to arrive via bank transfer, and for different APIs to track andContinue reading “#FinTech #BankTech / What’s in store for financial services in 2021?”

#FinancialInclusion / Milo brings in $6m to provide US credit to international citizens

“Banks had neglected us, lenders avoided us, and others just wasted our time,” the firm states on its website. “This frustration led to action and compelled us to create a company with global consumers unique situations at its core.” Milo launched in late 2018, led by former Morgan Stanley financial advisor, Josip Rupena. Only 30%Continue reading “#FinancialInclusion / Milo brings in $6m to provide US credit to international citizens”

#FinancialInclusion / HSBC, Microsoft, and Santander back Included VC’s diversity fellowship

The 12-month-long programme is designed to give those from diverse communities easier entry into the world of investing. Europe’s seed-stage VC Seedcamp is another backer in the 11-company initiative, alongside seven other European funds. As Included VC explains on its website: “Traditional methods of pattern recognition and ‘warm introductions’ limit diversity and reduce exposure toContinue reading “#FinancialInclusion / HSBC, Microsoft, and Santander back Included VC’s diversity fellowship”

#PayTech / Payroll fintech founded by Google alums raises $35m

Co-founders, Andrew Brown, Vivek Patel, and Eric Stromberg, are all former Google employees. Brown and Stromberg also founded streaming service, Oyster, which Patel worked on as a software engineer. Oyster was acquired by Google in 2016 and assimilated into the Big Tech. Check says it already works with 100,000 small businesses, providing payroll infrastructure thatContinue reading “#PayTech / Payroll fintech founded by Google alums raises $35m”

#PayTech / Ten trends set to influence the payments industry Fitech Futures

1. …growing popularity of treasury management solutions that link money-in and money-out, providing a clear line of sight into your finances. It’s likely we’ll see these solutions attract investment in 2021 as banks offer sophisticated, white-labelled cash management apps to their corporate customers. 2. Interoperability across multiple payment rails will bring more choice for consumersContinue reading “#PayTech / Ten trends set to influence the payments industry Fitech Futures”

#BigTech / Why Google Pay’s reboot signals a major land grab on financial services

… with the relaunch of the Google Pay app, it looks like Big Tech’s competitive threat to both legacy banks and fintechs is about to be realised… Here are five reasons why the banking world, including fintech challengers, needs to sit up and take notice: 1. Google’s scale and ubiquity The first key weapon inContinue reading “#BigTech / Why Google Pay’s reboot signals a major land grab on financial services”

#CryptoCurrency / Crypto Lender BlockFi Registers Bitcoin Trust With SEC

BlockFi, a major hub for crypto lending, appears to be increasing its courting of institutional bitcoin bets through a new bitcoin trust product. The trust, revealed in Friday regulatory filings, could put BlockFi in direct competition with Grayscale for bitcoin-friendly Wall Street investors’ attention and dollars. Grayscale’s own bitcoin (BTC, +2.31%) trust is one ofContinue reading “#CryptoCurrency / Crypto Lender BlockFi Registers Bitcoin Trust With SEC”

#CryptoCurrency / Visa prepares for crypto future

Visa CEO Alfred Kelly says the card scheme is preparing its payments network to handle a full range of cryptocurrency assets. … the company will treat the crytocurrency market as two distinct segments: traditional cryptocurrencies, such as bitcoin and Ether; and fiat-backed digital currencies including stablecoins and central bank digital currencies. [Kelly:] “In this space,Continue reading “#CryptoCurrency / Visa prepares for crypto future”

#FinancialInclusion / Businesses look to fintechs to quickly pay gig workers

Lili, Galileo Instant and Gig Wage are powering flexible banking services to help companies and workers manage payments … New York-based Lili, a banking app designed for independent and gig workers. Founded in 2018 and launched a year later, the startup offers a checking account and encourages individuals to save for emergencies by creating aContinue reading “#FinancialInclusion / Businesses look to fintechs to quickly pay gig workers”