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Today In Payments: LendingClub Gets OK To Acquire Radius Bancorp; GDPR Penalties Escalate As EU Officials Crack Down

PYMNTS

financial health officer at LendingClub, tells Karen Webster that the combined company will create the first U.S. FinTech startup Plaid is looking at doubling its size in Europe, putting 80 employees in the London and Amsterdam offices by the end of the year, up from the 40 or 50 employees currently there. Anuj Nayar, VP, U.S.

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The United States Of Fintech Startups

CB Insights

The fintech space is gaining momentum. Last year saw a double record of $46B invested across over 2,800 deals to fintech startups — a 92% uptick in funding year-over-year. GET THE 83-PAGE q2 2019 FINTECH TRENDS REPORT. Q2’19 fintech funding topped $8.3B, boosted by a record quarter of $100M+ mega-rounds. KEY TAKEAWAYS.

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Data Enablers: Valen Makes Insurance Human Again

PYMNTS

Small businesses can benefit big if they’re insured by a company that partners with Valen. Like FinTech, InsurTech debuts in an industry that has historically been very slow to adopt new technologies. Despite its use of AI, Valen is a very human company that names having a “positive effect on the good of man” among its priorities.

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22 Bitcoin Companies Allowing Merchants to Accept Payments in Cryptocurrency

Let's Talk Payments

DC POS provides a simple, efficient and secure way for customers and merchants to pay with and accept bitcoin over the counter. Coinify is a digital payment platform that provides payment processing.

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The United States Of Fintech: The Most Well-Funded Fintech Startup In Each State

CB Insights

Across the US, well-funded companies are rethinking how the financial system operates. Following our previous mapping of the most well funded startups in each state and most well funded food & beverage startups in each state , we used CB Insights database to identify the most well-funded private fintech startup in each state.

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Go-Jek = fintech?

CB Insights

Earlier this week, Bank Indonesia, the central bank of Indonesia, nominated three companies for its award for the fintech company most supportive of the “non-cash national movement of inclusion.” Q3’17 has already seen 3 companies (Desktop Metal, SenseTime , and Zhaogang ) enter the unicorn club thus far.

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Blockchain Tracker: Capitol Hill To Startups, Incubators Inbetween

PYMNTS

Earlier this week, blockchain arrived on Capitol Hill by way of the formation of the Congressional Blockchain Caucus focused on examining and educating lawmakers on the payments technology and issues associated with the digital currency. Patrick McHenry (R-NC) introduced a new House bill to keep FinTech companies and innovation stateside.