Finance

  • A Look At The Marketplace Lending Originator Ecosystem Crunch Network

    A Look At The Marketplace Lending Originator Ecosystem

    At the end of 2015, Canaan hosted its first FinTech Central event, which included a panel that had leaders from across the marketplace lending originator ecosystem. A marketplace lending originator is a company that sells loans online using retail, institutional and bank capital. Over the last few years, marketplace lenders (MPLs) have created massive businesses by providing capital to… Read More

  • Revolut Gets More Funding For Its Mobile Foreign Exchange Service

    Revolut Gets More Funding For Its Mobile Foreign Exchange Service

    British startup Revolut just closed its seed round. After announcing having raised $2.3 million this Summer, the company has added a couple of new investors. In total, the company has raised $4.8 million (£3.2 million) from Index Ventures, Balderton Capital, Seedcamp and Point Nine, Venrex and business angels. Read More

  • Let’s Be Honest About The Problems With Blockchain And Finance Crunch Network

    Let’s Be Honest About The Problems With Blockchain And Finance

    Strange times we live in. The world’s biggest financial players and analysts are buzzing about an invention that became famous partly by promising to destroy them. In just a few months, blockchain went from the cause célèbre of crypto-anarchists and tech evangelists to the biggest idea in mainstream banking. Read More

  • HTC Cards $101M Loss In Q4 2015, Its Third Successive Quarter In The Red

    HTC Cards $101M Loss In Q4 2015, Its Third Successive Quarter In The Red

    HTC’s (financial) struggle is real. The Taiwanese tech firm endured another tough quarter of business after it posted a NT$3.4 billion ($101 million) net loss for the period. Total revenue came in at NT$25.7 billion ($766 million), which is up nearly 20 percent quarter-on-quarter but down a 46 percent year-on-year. Read More

  • Stellar Partners With Oradian To Bring Instant Money Transfer To Nigeria

    Stellar Partners With Oradian To Bring Instant Money Transfer To Nigeria

    Stellar, the Stripe-backed open-source payment network, has launched its first major integration in the form of a partnership with Oradian, a company that sells cloud-based software to micro finance institutions (MFIs) in developing countries. As a refresher, Stellar is a non-profit foundation with the goal of connecting different financial systems around the world. Started by the… Read More

  • Fintech Is Just Getting Started Crunch Network

    Fintech Is Just Getting Started

    In just the first week of trading in 2016, the S&P 500 lost 6 percentage points and more than one trillion dollars in market capitalization. With the worst start in more than a century, the markets seem to be predicting a slow period for the U.S. economy. One segment that I think has the potential to survive, if not thrive, in the expected volatility this year is financial technology. Read More

  • Will the Bubble Burst? Ask Your Cabbie Crunch Network

    Will the Bubble Burst? Ask Your Cabbie

    There are too many headlines and articles about bubbles, market crashes, negative interest rates and venture-backed unicorns. Why write one more? Because I believe there is a much more pragmatic way to evaluate what you are reading from all the “experts.” Experts armed with mountains of data and statistical analysis predict the stock market is going to crash, while at the same… Read More

  • The State Of P2P Lending Crunch Network

    The State Of P2P Lending

    P2P lending became one of the hottest industries in fintech — or any other any industry — in 2015. Companies raised large venture rounds, investors found unicorns and there were even a couple of IPOs. Will 2016 continue this trend, or will the P2P lending bubble finally pop? Read More

  • DraftKings And FanDuel Lose A Payment Processor

    DraftKings And FanDuel Lose A Payment Processor

    Update: Title changed to reflect that FanDuel does not use Vantiv for payouts, and offers additional deposit methods besides Vantiv processing.  Daily Fantasy Sports sites like DraftKings and FanDuel have been dealt another major blow today, but this time it didn’t come from an attorney general or federal court. Instead, it came from the company that is responsible for processing… Read More

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