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FinTech LendingClub Buys Radius Bank For $185M

PYMNTS

FinTech LendingClub is purchasing Radius Bancorp for $185 million in cash and stock, according to a report by CNBC. LendingClub provides personal lending online, and it wants access to funding that is more stable and not as expensive. This is the first time a FinTech has purchased an actual bank. billion in assets.

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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

Here are critical facts to know about some of the most popular BNPL service platforms: Afterpay: Afterpay was founded in Australia in 2014 but was acquired by fintech Square earlier this year. Fintech enthusiasts should also keep a close watch on Apple’s newly unveiled BNPL system, Apple Pay Later. According to Kristen E.

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U.K. Watchdog Proposes New Regulations On Lending Platforms

PYMNTS

watchdog in charge of investor oversight proposed tough new regulations regarding peer-to-peer (P2P) lending platforms, in a bid to help consumers wade through the new landscape, according to a report by Reuters. The proposed rule changes come in the wake of a 2016 study of regulations that govern the sector, which dates back to 2014.

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Alt-Lending Conglomerate TruFin Lands $97M In IPO

PYMNTS

An alternative lending conglomerate based in the U.K. The firm is the holding company for an array of FinTech companies operating in supply chain finance, invoice finance and the dynamic discounting market. The companies were grouped together between 2014 and 2017 after investments and acquisitions by Arrowgrass Master Fund Ltd.,

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VC FinTech Funding Sets Sights On ‘Alternative’ Data

PYMNTS

The latter firm had been one of the investors in the original $1 million seed round raised by Thinknum in 2014. The money raised will help Thinknum expand its business, said the publication, and to “help educate the market on the power and uses of alternative data.”

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The Fintech 250: The Top Fintech Companies Of 2020

CB Insights

CB Insights has unveiled the third annual Fintech 250 — a list of 250 of the top private fintech companies using technology to transform financial services. The 2020 Fintech 250 cohort has raised approximately $49.2B 25+ winners will be presenting at our upcoming fully virtual Future of Fintech Conference (Nov.

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Nyca Partners Raises $125M For Second FinTech VC Fund

PYMNTS

Nyca Partners, the venture capital firm focused on the FinTech market, raised $125 million for a second fund. According to a report , Hans Morris, the former Visa president turned venture capitalist, created Nyca Partners in 2014, launching a $30 million fund. Nyca Partners isn’t the only one eyeing the FinTech market.

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