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Financial Services Platform SoFi Plans IPO Via SPAC

PYMNTS

Silicon Valley startup Social Finance (SoFi) is closing a merger deal with blank-check firm Social Capital Hedosophia Holdings Corp. Social Capital Hedosophia is one of three special-purpose acquisition companies (SPACs) on the lookout for investment opportunities. V to file an initial public offering (IPO). .

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South Korea's Digital Kakao Bank Prepares For IPO

PYMNTS

In addition, Kakao Bank had rapid lending growth, higher net interest margins and more efforts to increase the proportion of low-cost deposits, according to Samsung Securities analyst Kim Jae-woo, quoted by Reuters. billion).

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Sizzle Or Fizzle: Walmart Pays Pays Off, Marketplace Lending Falls Off

PYMNTS

SMB Working Capital. Amex threw its hat into the online lending ring earlier this week when it announced that it will launch a program later this year that will extend lines of credit from as little as $1K to as much as $750K for qualified SMB borrowers. Investor Confidence In Marketplace Lending. Next time, guys? Woot, woot!

Lending 101
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26 Unicorn Companies That Exited In 2018

CB Insights

China Development Bank Capital, Coatue Management, Hillhouse Capital Management, IDG Capital, Temasek Holdings, Tencent Holdings, Tiger Global Management. Select Investors : Credit Suisse, Deutsche Bank, DST Global, GGV Capital, Goldman Sachs, IDG Capital, J.P. Exit Valuation : $54B (IPO).

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Social Capital Teardown

CB Insights

This teardown features annotations & commentary by four Social Capital partners. Thanks to the Social Capital team for updating/confirming their portfolio data on the CB Insights Editor. Social Capital is a VC fund with a focus on healthcare and education. CB Insights Note. Investment syndicates. BEST OF DISRUPTION REPORT.

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Q&A: The Next Leg Of Fintech Innovation

CB Insights

Will all neobanks die as big tech companies launch new products (Facebook Financial, Apple Pay, Samsung Money, etc…)? As of Q2’20, there may still have been some hesitation for investors to start deploying capital again. Lending : Zinobe , ADDI , and KrazyBee , which provide lending solutions to the unbanked/underbanked. .

Fintech 46
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The 31 European Unicorns Ranked By Valuation

CB Insights

Select Investors: DST Global, DN Capital, SoftBank Group. Old Mutual Global Investors, Artemis Investment Management. Select Investors: Institutional Venture Partners, Sequoia Capital, General Atlantic. Select Investors: Rhone Capital. Select Investors: Woodford Investment Management. OttoBock Healthcare.

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