LendingClub Founding CEO and Current Upgrade CEO Renaud Laplanche Comments on 10 Year Anniversary of Iconic Fintech IPO

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LendingClub (NYSE:LC) became a public firm in an IPO held on December 11, 2014 – ten years ago today. At that time, the transition of the high-profile Fintech from a private firm to a publicly traded company was heralded as a coming-of-age moment for the… Read More

 

 




Australia: Birchal Reports $2 Million Raised in 29 Hours

Birchal, an online investment platform based in Australia, says it has raised $2 million in just 29 hours. The self-crowdfunding round was backed by more than 800 investors. Birchal says its own round was the fastest this year and the largest as well. Matt Vitale,… Read More

Global Fintech Airwallex Reports Steady Revenue Increase Across APAC Region

Airwallex reported strong YoY growth across the APAC region as the global payments and financial operating platform for businesses. In Q3, Airwallex delivered an 83 percent revenue increase YoY and grew transaction volume by “49 percent YoY across the APAC region, as well as significant… Read More

Saudi Arabiaā€™s Derayah Financial Invests in Alpacaā€™s Middle East Business, Supports its Stocks Offering

Alpaca noted that it is cementing its self-clearing foundation through its DTCC membership and product launches, including Options Trading and High Yield Cash Accounts. Alpaca, a brokerage infrastructure tech firm and self-clearing broker-dealer, delivering execution and custody solutions for Stocks, ETFs, and Options, that support… Read More

The CFPB Should Be Investigating Banks that Debanked Individuals and Firms

Today, theĀ Consumer Financial Protection Bureau (CFPB) testified before the Senate Banking Committee. Chairman Rohit Chopra outlined his accomplishments while at the agency in his opening statement, mentioning that they are working on addressing the challenges of debanking. Blocking people from the banking system has emerged… Read More

CashPro App from BofA to Surpass $1 Trillion in Payment Approvals for the Year

By the end of 2024, Bank of America (NYSE: BAC) corporate clients will have made over $1 Trillion in payment approvals on the bankā€™s CashPro App, the mobile app that firms use to manage treasury operations. This will represent a more than 25% year-over-year increase… Read More

Familiarity with Web3, Crypto and Blockchain Continues to Rise Globally – Report

Consensys shared the findings of its opinion survey on crypto and web3, conducted online by online research data and analytics technology group YouGov. As a follow-up to the report from 2023, Consensys expanded the scope of the survey, reaching over 18,000 individuals aged 18-65. With… Read More

Coinbase’s Project Diamond Integrates Chainlink Standard To Scale Institutional Adoption of Digital Assets

Chainlink, which claims to be the standard for onchain finance, and Coinbase (NASDAQ:COIN) announcedĀ  that Coinbase’s Project Diamondā€”a digital asset platform for institutionsā€”is adopting the Chainlink standard as infrastructure for powering the lifecycle management of tokenized assets. Peregrine, PSG Digital’s regulated business in the ADGM,… Read More

Socure’s First-Party Fraud Consortium Achieves Scale, Uniting Industry Participants to Combat $100B Problem

Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention announced milestone achievements for its First-Party Fraud Consortium. The consortium seeks to unify firms in order to tackle the multi-industry issue of First-Party Fraud by “pooling data and insights which… Read More

Nigerian Scam Pilfers $2.9 Million from Investors, SEC and DOJ Charge Three for Operating Bogus Websites

The Securities and Exchange Commission (SEC) has filed charges against three Nigerian nationals for scamming investors out of $2.9 million. According to the SEC, the trio impersonated legitimate investment advisors and conning around 28 investors. At the same time, the United States Attorneyā€™s Office for… Read More

Cambridge Centre for Alternative Finance Publishes Report on Wholesale Central Bank Digital Currencies (CBDCs)

The Cambridge Centre for Alternative Finance (CCAF) has published a report onĀ central bank digital currencies (CBDCs), more specifically, wholesale central bank Digital Currencies (wCBDCs), which may limit these digital assets to institutional use. While CBDCs continue to be debated and some jurisdictions are actively experimenting… Read More




Payments: Blink Targets Late Payments for Contractors

Blink Payment says it is targeting late payments for construction contractors by partnering with Business Pilot. The company points to data that indicates that 74% of construction contractors are affected by late payments. The Fintech said it is integrating with the fitting industry enterprise resource… Read More

Financial Technology Association Publishes Fintech Roadmap for Incoming Adminstration

Expectations are high that the Trump Administration will support financial innovation and entrepreneurship. Many Fintechs are elated with his election, as it contrasts to the difficult environment during the Biden Administration. The Financial Technology Association (FTA) has published a “Fintech Policy Roadmap” that the administration… Read More

US Consumers Expected to Spend Nearly $1T This Holiday Season, Assisted by Flexible Payments – Affirm Research

Wayne Pommen, Affirmā€™s (NASDAQ: AFRM) Chief Revenue Officer, noted that the holiday shopping season is here and for retailers, itā€™s “make-or-break time.” Pommen also mentioned in a blog post by Affirm that despite recent inflation and economic uncertainty, retail spending is expected to “stay strong.”… Read More

ECB’s Digital Euro Strategy Panned by SPACE ID

A representative from digital identity platform SPACE ID believes the ECBā€™s [European Central Bank] work on the digital euro leaves plenty to be desired, especially regarding privacy. Alice Shikova made the comments following the release of the ECBā€™s second progress report. ā€œThe ECBā€™s second progress… Read More

Digital Assets: Utila and Twinstake to Enable Institutions with TON Staking Solutions

Utila, the crypto operations platform and enterprise-grade MPC wallet provider, announced a partnership with Twinstake, an “institutional-grade,” non-custodial staking provider to offer TON staking solutions for institutions. This collab empowers institutional investors to participate in TON staking and generate yields on their digital assets. The… Read More

Hacked Hackers Headline Experian’s 2025 Predictions

Hackers targeting hackers, vulnerable data centers, and AI-supported employee theft are among Experianā€™s predictions for the trends that will shape 2025. They are included in Experianā€™s twelfth annualĀ Data Breach Industry Forecast. Today, cyber hacking and its results are not confined to grown-ups. According to the… Read More

Nordic Challenger Bank Lunar Launches Standalone Enterprise Payments Division

Lunar, the Nordic challenger bank, is taking a step to redefine payments for enterprises by over time transitioning its Banking Services division into a new standalone entity within Lunar Group: Moonrise. This move underscores Lunarā€™s commitment to scaling its operations and unlocking the immense potential… Read More

Crypto.com Announces Acquisition of Orion Principals Limited to Support Financial Product Expansion

Crypto.com has announced a further acceleration of its plan to offer traditional financial services products with the acquisition of Orion Principals Limited, which is reportedly regulated by the Abu Dhabi Global Market (ADGM). Orion is an Abu Dhabi-based brokerage firm and is reportedly licensed by… Read More

Cross River Bank CEO Says David Sacksā€™ Nomination as ā€˜AI & Crypto Czarā€™ Could Be Key to Enabling Innovation

Cross River CEO Gilles Gade has applauded David Sacksā€™ nomination, calling it a win for Fintech, crypto, and AI regulation. Gilles Gade, Founder and CEO at Cross River Bank, noted that David Sacksā€™ nomination as ā€˜AI & Crypto Czarā€™ could be a pivotal moment for… Read More

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