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Today In Payments: $50B In Crypto Moved Out Of China; Uber Health To Deliver Meds

PYMNTS

In today’s top news, $50 billion worth of cryptocurrency was transferred out of China, and Uber Health and NimbleRx have teamed on prescription delivery. Report: $50B in Cryptocurrency Moved Out of China. The Main Street Lending Program is not exactly lighting a fire under mid-sized businesses to apply or banks to lend.

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Amid The Losses, Taking Stock Of The Crypto Crash

PYMNTS

To date as a group, the losses have mounted for all the cryptocurrencies out there – the ones that came to market and were snapped up and bought by speculators, and then sold. In this space just last month, we noted findings from Boston College that showed that 4,000 ICOs had raised $12 billion. Past is prologue, as the saying goes.

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Amazon Sizzles, Plenti Fizzles And Goldman Gets Its Consumer Banking Groove

PYMNTS

Goldman’s first toe in the water was Marcus, its consumer banking and lending platform, said to be named after its founder. In fact, one of them asked Chavez during the earnings call whether Marcus was lending to consumers with less than stellar credit histories. The Big Bet on Consumer Services. The Dip into Commercial Banking.

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Fintech Fundings: 15 Companies Raise $125 Million Week Ending May 1

Fintech Labs Insights

There were two jumbo rounds: $50 million to cryptocurrency startup Circle and $30 million to multiple Finovate Best of Show winner MX (formerly Money Desktop). HQ: Boston, Massachusetts. Tags: Peer-to-peer, P2P, lending, investing. Here are the deals listed by size from April 25 to April 30: Circle. Digital currency provider.

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Fintech Fundings: 28 Companies Raise $220 Million Week Ending March 25

Fintech Labs Insights

Three Finovate alums brought in new cash: Kreditech raised $11 million for its banking and lending services for the underbanked. Here are the fintech deals by size from 19 March to 25 March 2016: Open Lending. Automated lending solutions for financial institutions. Automated lending solutions for financial institutions.

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Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

HQ: Boston, Massecheusetts. Tags: Enterprise, underwriting, credit, lending, analytics, API, Life.SREDA (investor). Source: TechCrunch. Alt-lender to small businesses. HQ: Atlanta, Georgia. Latest round: $135 million at $1 billion valuation. Total raised: $600 million. Source: Finovate. Secure messaging for financial services.