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Why Micro-Lending Is Branching Out In 2018

PYMNTS

Coming up on the half mark in 2018, total fundraising on the continent has hit $168.6 Financial technology seems to be leading the startup charge, representing 40 percent of the largest 10 deals of the year so far, collectively worth $100 million. million — already ahead of 2017’s full-year take of $167.7 So why the boom?

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Citi Venture Investing Head: ‘Financial Services is Becoming More Like Tech’

Bank Innovation

Strategic participation in fintech climbed in 2018, with 41% of all fintech financings containing either a corporate VC or strategic investor. This is up from 35% in 2017, and way up from 18% in 2013, according to Financial Technology Partners’ 2018 Annual Fintech Almanac.

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FinovateFall 2018 Live Blog – Day 2

William Mills

SME Lending for the Indian marketplace. Efficiency gains in getting and processing paper records that are used in the lending review process. ^DG. With small business, there is a tremendous need for access to capital. And of course, SMB lending has been a huge focus for fintech. Showing reporting/analytics in excel. ^KT

Mobile 78
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Nav Rolls Out Updated Embedded Financing Tool

PYMNTS

Embedded finance, the release noted, refers to the integration of financial service technologies with other provider solutions. The method will grow tenfold in the next five years, the release stated, citing a Lightyear Capital analysis, as businesses look for ways to access simple, transparent business solutions.

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China’s Wanwu Xinxuan eCommerce Platform Lands $20M; Experian Acquires FinTech Startup To Enhance Open Data Offering

PYMNTS

Chinese social eCommerce platform Wanwu Xinxuan has raised $20 million in a Series B round of financing led by Fresh Capital, with participation from Redpoint China Ventures, according to Deal Street Asia. Launched in August 2018, Wanwu Xinxuan is an online retail platform selling children’s apparel, shoes and accessories.

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Why Digital Marketplaces Must Anticipate Shoppers’ Needs

PYMNTS

The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others. billion – of funds were lost to card fraud in 2018, up from $1.4 It also shows that the financial toll is substantial and a victim can be anyone who uses a connected device.”

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LendingClub Settles With SEC, DOJ

PYMNTS

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. lending marketplace. Attorney Alex Tse. “We The Response.

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