Market Lending News Roundup – March 7, 2020
During the week, I share the latest lending and fintech market news on Twitter as it happens. Then, every Saturday, I take the most interesting news and blog posts from the past week and share them here.
The Next Revolution in Personal Finance: The Forbes Money Feed – We have feeds for Facebook, Twitter, LinkedIn, Instagram, Snapchat, to name a few. Why not a cash flow? Interesting idea from Ron Shevlin. Something that knows your financial life and is actually useful.
This startup has raised $190 million from investors like Andreessen Horowitz to help workers get paid between paychecks. Its B2B manager explains why it’s introducing a “zero onboarding” model by Business Insider – I’m confident access to earned pay will become a standard payroll feature in this decade and Earnin is leading the way. Their new “zero integration” model will help accelerate this trend.
Alipay owner Ant Financial takes minority stake in Klarna by Tech Crunch – Chinese fintech giant Ant Financial has taken a small stake in Swedish payments platform Klarna.
LendingClub-Radius deal faces high regulatory hurdles by American Banker – Now that regulators are reviewing the very first fintech acquisition of a bank many predict a road strewn with pitfalls for loan club in this revolutionary journey.
FT 1000: The Financial Times’ Fourth Annual List of Europe’s Fastest Growing Companies – Congratulations to OakNorth for topping the FT’s list of Europe’s fastest growing companies. It’s great to see another fintech company leading the way.
London is Open by LendIt Fintech – My good friend and partner, Bo Brustkern, was in London last week meeting with fintech companies, regulators and investors. He shares his thoughts on the state of fintech in London and explains why it remains the epicenter of our industry.
Chime has now raised $700m in its last funding round per Crowdfund Insider – It seems like $500m wasn’t quite enough for Chime in its last funding round. A filing with the SEC shows they added another $200 million to their Series E.
Do loans between individuals deserve a place in your Isa? by the Financial Times – More than £1 billion has flowed into innovative finance ISAs since their launch in 2016, with much of it going to peer-to-peer lending platforms.
Peter Renton is President and Co-Founder of LendIt Fintech, the world’s first and largest fintech-focused digital media and events company. Peter has been writing about fintech since 2010 and is the author and creator of the Fintech One-on-One Podcast, the first and longest running fintech interview series. Peter has been interviewed by The Wall Street Journal, Bloomberg, New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, Financial Times and dozens of other publications.