#FinTech / The Tearsheet guide to fintech jargon for 2021

The world of financial technology is sounding like an increasingly niche space where jargon is becoming something of a currency. Our updated termsheet will help you cut through the noise to understand what everything really means… agile: fast altcoin: a bitcoin alternative accelerators: finishing school for startups AI: “big data,” 2021 version API: official permissionContinue reading “#FinTech / The Tearsheet guide to fintech jargon for 2021”

#FinancialInclusion / The Cambridge Centre for Alternative Finance Launches the Cambridge Alternative Finance Collaboration Network

The CCAF is the leading Fintech research organization in the world… a “network of regionally embedded resources and capabilities engaged in the creation and exchange of knowledge needed by policymakers, regulators & industry to navigate the digital transformation of the global financial system.” [Director and Co-Founder of the CCAF:] “We are now entering a newContinue reading “#FinancialInclusion / The Cambridge Centre for Alternative Finance Launches the Cambridge Alternative Finance Collaboration Network”

#FinancialInclusion / The 21 year old entrepreneur building a community that builds credit

Growing up in a military family of nine, Michael Broughton spent most of his life in the vibrant communal cultures of Okinawa and Seoul. There he learned the importance of nurturing a family and community network even within the fast-paced realities of business. Upon his return to the U.S, Broughton observed a stark contrast toContinue reading “#FinancialInclusion / The 21 year old entrepreneur building a community that builds credit”

#FinTech / SoFi going public via SPAC backed by Social Capital in $8.65 billion deal

In one of the most eagerly anticipated fintech deals of 2021, online lender SoFi plans to go public through a merger with a special purpose acquisition company (SPAC) backed by billionaire VC investor Chamath Palihapitiya. The deal, announced Thursday, would value San Francisco-based SoFi at $8.65 billion. Palihapitiya told CNBC that SoFi is an attractiveContinue reading “#FinTech / SoFi going public via SPAC backed by Social Capital in $8.65 billion deal”

#FinancialInclusion / Fintechs helping immigrants navigate a new financial world

Several fintechs are focusing on working with or helping immigrant communities to improve their credit score, build a credit history and find other people who share the same cultural experience while providing financial tools and resources that empower them. Kristy Kim founded TomoCredit because she was personally frustrated in her 20s when she attempted toContinue reading “#FinancialInclusion / Fintechs helping immigrants navigate a new financial world”

#BNPL / Uplift Receives New Credit Line As It Looks To Expand

Menlo Park, California-based Uplift is a buy now, pay later platform for travel that now has raised a total of about $695 million in equity and debt since being founded in 2014. “Travel already is springing back,” said CEO Brian Barth, adding the company chose a credit line because it is capital efficient and equityContinue reading “#BNPL / Uplift Receives New Credit Line As It Looks To Expand”

#DigitalBanking / Green Dot launches GO2bank to compete with challenger banks

Green Dot … unveiled GO2bank, the prepaid card issuer’s challenger bank aimed at serving the low-and moderate-income (LMI) market. The digital bank, which the company has been building since early last year, offers overdraft protection up to $200, early paycheck access, a high-interest savings account and access to a secured credit card, available with noContinue reading “#DigitalBanking / Green Dot launches GO2bank to compete with challenger banks”

#BankTech #SaaS / Mambu Raises €110 Million in Funding Round

Mambu’s SaaS banking platform sets it apart from traditional core banking players as it drastically accelerates and simplifies the way financial products are built and serviced by any financial institution. [Founder and CEO of Mambu:] “When Mambu launched in 2011, we knew the future of banking would have to be built on agile and flexibleContinue reading “#BankTech #SaaS / Mambu Raises €110 Million in Funding Round”

#SME / PayPal investment lands SME fintech Divvy with unicorn status

The start-up announced a $165 million Series D funding round with participation from new investor PayPal Ventures… Divvy wants to combine credit, vendor, and spend management into a single platform “We’re not just building for tech startups,” explains Blake Murray, Divvy’s CEO. The fintech claims to have driven up its sign-ups by 500% monthly sinceContinue reading “#SME / PayPal investment lands SME fintech Divvy with unicorn status”

#SME / Orange Bank acquires French neo bank Anytime

Orange Bank has acquired french neo bank Anytime, extending its app-based services to the freelance and SME market. The acqusition gives the telco a foothold in the small business banking market, having launched three years ago as a pure-play consumer bank. … Anytime has grown by offering business accounts, payments and expense management tools thatContinue reading “#SME / Orange Bank acquires French neo bank Anytime”