True Link, a financial platform for older adults, confirmed a $35 million Series B fund raise, resources the company says will help it move into new product categories.
Read MoreLow-cost 401(k)s for small businesses continue to be in demand despite tough economic circumstances. This week, Guideline, a San Mateo, Calif.-based 401(k) provider for small businesses, raised $80 million in funding at a valuation of $500M.
Read MoreIn its best quarter ever, payment provider PayPal reported total payment volume was $222 billion in the second quarter, a 29% jump year-over-year. Quarterly profits grew 86%.
Read MoreChicago-based lender for credit-challenged consumers Enova plans to acquire small business lender OnDeck, in a cash and stock deal worth around $90M.
Read MoreA report from the investment banking unit of Bank of China urged Chinese institutions to increase the use of a Chinese financial messaging network in lieu of SWIFT, for cross-border transactions in the mainland, Hong Kong, and Macau.
Read MoreBunq, a Netherlands-based digital banking startup, is entering the mortgage market through a partnership with Venn Hypotheken, a subsidiary of insurance giant Nationale-Nederlanden.
Read MoreThe Consumer Financial Protection Bureau (CFPB) announced on Friday, July 26, that it will propose new rules on how third parties can access consumer financial records later this year.
Read MoreTire Agent, a digital tire marketplace, picked up $5 million in funding to grow its business and support its tire financing platform called PayPair, which matches lenders with consumers of any credit score with a payment plan.
Read MoreWest Malling, U.K.-based startup battleface, an insurtech company backed by Fintech Ventures Fund, Greenlight Re and Tangiers Group, this month launched a COVID-19 travel insurance package, covering medical expenses resulting from the coronavirus for U.K. and EU citizens under 59 years of age.
Read MoreAtlanta-based small business lender Kabbage, which has 400,000 business customers, is partnering with Green Dot Bank to offer checking accounts with no monthly fees and 1.1% interest on all balances.
Read MoreGoldman launched an app for clients called Gemini to help its clients find merger and acquisition prospects.
Read MoreFintechs that specialize in rounding up customers’ spare change and investing those funds are getting a boost. Plum, a U.K.-based savings and investment app picked up $10 million in new funding as it plans European expansion.
Read MoreMastercard inked a partnership with London-based crypto platform Wirex that will allow the company to issue cards on Mastercard’s network. Wirex already offers crypto-friendly Visa cards.
Read MoreHome Point, which claims to be America’s second-largest wholesale mortgage lender for residential loans, is partnering with digital lending fintech Figure to offer a white-labeled digital home equity line of credit product to its customers powered by Figure’s software.
Read MoreRadius Bank, a digital bank with $1.4B in assets, is incorporating goals-based saving into its app. Radius, which has partnered with many fintechs, is in the process of joining LendingClub upon the close of a $185M acquisition of the bank.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
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