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Lending Club Snaps Up Radius Bank for $185 Million
When Lending Club was founded in 2007, the startup aimed to serve as a place to help borrowers avoid dealing with banks. In a somewhat ironic move today, that same startup is becoming a bank itself....
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eToro’s Evolution
Social trading and investment platform eToro has never been one to stand still for very long. The company’s development cycle is fast enough to make even the most sprightly fintech jealous. Roots...
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Morgan Stanley Acquires eTrade in $13 Billion Deal
E*TRADE, the digital brokerage behind the stock trading baby commercials in the early 2000s (remember those?) has agreed to be acquired by investment banking giant Morgan Stanley. The all-stock...
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BBVA and Anthemis Back the Gig Economy with Seed Round for Wollit
Banking giant BBVA and VC firm Anthemis have backed U.K.-based Wollit in a $1.3 million (£1 million) Seed round. Founded last year, Wollit aims to support the 43% of U.K. residents who lack a stable...
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Avanti Aims to Launch U.S. Bank to Serve Digital Asset Industry
There is not much fintech to come out of the state of Wyoming (a quick search on Crunchbase yields 28 results). Today, however, one more startup is added to that mix. That’s because Avanti Financial,...
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Dealing with Deepfakes in Fintech
Deepfakes, or synthetic media that uses AI to distort a person’s likeness to imitate another’s, can be entertaining. After all, watching Ross Marquand evolve into 11 different actors in 3 minutes is...
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Revolut’s $500 Million Round Boosts Valuation to $5.5 Billion
Global financial platform Revolut has secured its place as the U.K.’s most valuable fintech. The London-based company secured a $500 million investment, bringing its total funding to $836 million....
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Azimo Taps Ripple for Cross-Border Payments to the Philippines
Digital money transfer service Azimo announced today that it has partnered with fellow Finovate alum and blockchain payment solutions company Ripple to power cross-border payments to the Philippines....
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Lendio Lands $55 Million to Match Small Businesses with Lenders
Online marketplace for small business loans Lendio landed $55 million in combined debt and equity funding today. The investment more than doubles the company’s previous funding, bringing its total to...
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SheerID Expands Identity Marketing Platform
Customer segmentation identification company SheerID launched its Employment Verification tool today in 191 countries. The move enables brands to identify and acquire new customers across the globe....
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Wirecard and Xolo Partner to Serve the Gig Economy
Digital financial services company Wirecard is partnering with Xolo (formerly LeapIN) this week to offer a more robust set of banking services for gig economy entrepreneurs. Under the agreement, Xolo,...
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Are U.S. Banks Leaning Toward “Closed Banking?”
Odds are, if you work in fintech, you know what open banking is. It is such a popular concept that in Europe an entire regulatory regime, PSD2, has sprung up around the concept. So if Europe is...
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How a Banking License Evolved Neo’s Vision
Neo was founded in 2017 with a vision, as described by CEO Laurent Descout, “to create a platform that can replace the old fashioned banking platform. A true ‘one-stop shop’ that offers all the...
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Morningstar to Buy PlanPlus Global
Investment research firm Morningstar announced today it has agreed to acquire PlanPlus Global, a Canada-based financial planning software firm that was founded in 1990. The Chicago-based company is...
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A VC Perspective on Balancing Investment in “Classic Fintech” with New Ideas
It’s a venture capitalist’s job to distinguish between winners and losers. Most of the time, however, funding in fintech is not that black and white. Regional differences each have pros and cons, and...
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Equifax Adds Rental Payment History to Credit Insights
Consumer insights company Equifax is partnering with U.K.-based Credit Ladder, a rent reporting service. Under the partnership, Equifax will leverage data from Credit Ladder to help tenants who pay...
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AlphaPoint Garners Additional $5.6 Million in Funding
Digital asset exchange platform AlphaPoint has raised $5.6 million in funding. The news follows the company’s last round in 2018 when it pulled in $15 million. Today’s investment brings AlphaPoint’s...
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Deutsche Bank Wealth Management Taps QPLIX to Boost Digital Presence
Deutsche Bank Group is giving Deutsche Bank Wealth Management a boost today by teaming up with wealthtech firm QPLIX. The partnership also comes with an investment for QPLIX; Deutsche Bank has...
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Credit Sesame Launches Digital Bank Account
Financial health platform Credit Sesame announced this week it has launched Sesame Cash, a debit card aimed to help consumers reach financial stability while optimizing credit. The San Francisco-based...
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Equality Starts with Us
As any woman working in fintech can tell you, we have a long road to equality. The good news is that equality starts with us. And because we are responsible for exemplifying the change we want to see...
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