China: WeiyangX Fintech Review by Xu Gao

Square Introduces Debit Card for Businesses

Payment process platform Square announced on Thursday the launch of its new debit cards for businesses. Square reported that the Square Card is a free business debit card designed to help business owners more effectively manage cash flow by providing immediate access to their balance, which is… Read More

Challenger Bank Tandem Reports Topping 500,000 Customers, Plans Expansion

Tandem Bank, a digital-first challenger bank, has announced a milestone of 500,000+ customers.  Tandem CEO, Ricky Knox, called 2018 a transformative year for the bank with a number of major product launches, investment, and incredible growth. “We’re ready for more of the same in 2019,” said… Read More

Survey: American Investors Lost $1.7 Billion on Bitcoin, Many Don’t Know Rules or Value of Tax Reporting

A survey conducted by the credit score provider Credit Karma of 1009 US adult Bitcoin investors has determined Americans investors may have incurred $1.7 billion in collective realized losses from Bitcoin speculation- about $718 USD each. The survey also determined an additional $5.7 billion in… Read More

Alternative Finance is Booming in Latin America: Diego Herrera from the Inter-American Development Bank Provides Deeper Perspective into the Fast Emerging Fintech Market

Last month, CI covered the Cambridge Centre for Alternative Finance (CCAF) Americas Report. Overall, alternative finance grew 26% with the US dominating the sector as the largest market in the region. But digging into Latin America and the Caribbean (LAC), this market grew by a huge 94%… Read More

Wirecard Signs Cooperation Agreement With Watch Manufacturer Swatch

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Thursday it has signed a cooperate agreement with watch brand, Swatch. Wirecard reported that in the future, consumers will be able to install fully digital, contactless payment solutions as an app in Switzerland and later… Read More

Fintech Wealthforge Reports Topping $500 Million in Transactions in 2018

WealthForge has issued a statement saying they have topped $500 million in capital investment transactions during 2018. Overall, Wealthforge reports that since inception their service has surpassed $1 billion in transactions as of the end of December. WealthForge is a broker-dealer that uses technology solutions to streamline investment in alternative securities… Read More

Digital Bank Marcus Now Has $35 Billion in Deposits. “Our Plan Has Always Been to Build a Platform”

Digital only bank Marcus continues to gain traction in both the US and the UK. During the Q4 earnings call by Goldman Sachs (NYSE: GS) yesterday, the management team shared some additional insight into the Fintech’s growth. Goldman, by the way, reported blowout numbers which… Read More

Blockspring Team to Join Coinbase

Blockspring, a U.S.-based financial service startup, announced this week its team will be joining Coinbase. Speaking about joining Coinbase, CEO and Co-Founder, Paul Katsen, revealed in a blog post: “Back in summer 2014, Jason, Don, and I launched a tool for developers to easily build APIs without needing to… Read More

KeyBank to Acquire Online Lending Business Laurel Road

KeyBank National Association announced on Wednesday KeyBank and Laurel Road Bank have entered into a definitive agreement for the acquisition by Key of Laurel Road’s digital lending business. KeyBank reported that through the acquisition it will enhance its digital capabilities with customer-centric technology. According to… Read More

2018 Roundup: Indian Tech Startups Secured $11B, Fintech Deals Led Startup Investments

The Indian media platform Inc42 just released its Indian Tech Startup Funding Report 2018. According to the report, during 2018 Indian startups received $11 B total funding across 743 deals. While in 2017, 4 startups took away a little more than half the funding $6.9 Bn, in 2018… Read More

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