Tagged: covid-19

March 25, 2020 @ 8:45 pm By Omar Faridi  |  

SOLV, an online marketplace that matches lenders and micro-, small and medium-sized MSME borrowers, has expressed concerns regarding the coronavirus (COVID-19) outbreak, which has resulted in economic uncertainty and instability. SOLV, which is a B2B platform backed by the Standard Chartered Bank, expects SMEs to… Read More

March 25, 2020 @ 2:59 pm By Samantha Hurst  |  

FinFit, a U.S.-based fintech that provides more than 80,000 American companies with a financial wellness benefit platform, announced on Wednesday it is now offering its services for free to any employer that wants to offer financial wellness resources for their employees during the COVID-19 outbreak. … Read More

March 25, 2020 @ 11:48 am By JD Alois  |  

Fundopolis is the most recent crowdfunding platform to provide specific initiatives for issuers during the challenges engendered by the COVID-19 pandemic. As has been widely reported, millions of small businesses are seeing revenues drop as people comply with COVID-19 quarantines and social distancing practices. Fundopolis… Read More

March 25, 2020 @ 10:17 am By Samantha Hurst  |  

American Express (NYSE: AXP) announced on Wednesday it is continuing its support of organizations combatting COVID-19 with the launch of a donation matching program to help feed local communities impacted in the U.S. The credit card giant reported that the program is part of its… Read More

March 25, 2020 @ 9:22 am By Omar Faridi  |  

Credijusto, a Mexican Fintech firm, has revealed that it has secured $100 million in debt from Credit Suisse Group, a Switzerland-based multinational wealth manager, investment bank and financial services company. Credijusto says that it acquired the capital in order to issue more loans to SMEs… Read More

March 25, 2020 @ 8:04 am By Omar Faridi  |  

UK-headquartered Fintech Glint Pay Services Ltd. has revealed that there has been a 700% increase in the amount of gold purchased on its platform during the coronavirus (COVID-19) outbreak, and resulting economic uncertainty. The global economic instability has negatively affected the world’s equity markets. Glint… Read More

March 25, 2020 @ 7:35 am By Omar Faridi  |  

Canada-based NorthOne, an established digital bank for small businesses, has decided to waive all account fees for thousands of its customers that have been affected by the coronavirus (COVID-19) outbreak. NorthOne’s management confirmed that it will be offering free banking services to all businesses in… Read More

March 24, 2020 @ 7:01 pm By JD Alois  |  

CrowdStreet is one of a group of real estate crowdfunding platforms that got in early and appears to have established a sustainable model. Founded to democratize investment opportunity in commercial real estate, CrowdStreet provides direct access to a range of vetted, institutional-quality commercial real estate… Read More

March 24, 2020 @ 5:47 pm By Samantha Hurst  |  

Online lending platform Lendio announced on Tuesday it has joined companies through the U.S., including Biz2Credit, Credibly, Fundbox, Homebase, Kabbage, Funding Circle, Plaid, LendingTree, and Wisely, to send a letter to the U.S. Senate and House of Representative leaders to approve $500 billion in discretionary… Read More

March 24, 2020 @ 3:50 pm By Samantha Hurst  |  

UK-based online lending platform LendInvest announced its latest update regarding the deferments of BTL payments during the COVID-19 outbreak. According to the online lender, landlords with a LendInvest mortgage who believe they will have genuine difficulties making their payments as a result of the COVID-19… Read More

March 24, 2020 @ 3:41 pm By JD Alois  |  

Citi is the most recent traditional bank to tell customers that some branches are closed due to the Coronavirus pandemic. Citi operates over 4600 branches around the country.  A report in Bloomberg today laid the blame at the drop in foot traffic to the bank… Read More

March 24, 2020 @ 2:25 pm By JD Alois  |  

The alleged fraudsters involved in the BitClub $722 million crypto fraud are looking to be released from the county jail over fears of the COVID-19 pandemic. In December of 2019, the US Justice Department announced the indictment of three individuals. Matthew Brent Goettsche, 37, of… Read More

March 24, 2020 @ 11:25 am By JD Alois  |  

This probably should come as no surprise. As the economy dives and the Coronavirus spreads across the US, elected officials in Washington, DC struggle to agree on a relief package. It has been reported that Republicans and Democrats had come to terms on a bailout… Read More

March 24, 2020 @ 10:52 am By JD Alois  |  

Kryon, a robotic process automation (RPA) provider, has announced the rapid development and implementation of a large scale data RPA process which integrates Maccabi Healthcare Services’ testing of COVID-19 with the Israeli Ministry of Health. Kyron is an early stage Medtech that has been backed… Read More

March 24, 2020 @ 10:11 am By Samantha Hurst  |  

As the world continues the fight against the coronavirus (COVID-19) outbreak, UK challenger bank Monzo is reassuring its customers that its services are continuing to be safe and secure. According to Monzo, more than 4 million people are already using Monzo to manage their money…. Read More

March 24, 2020 @ 9:40 am By Barry James  |  

It is we, the crowd, who will rebuild the economy after Covid-19. We need the means to do it. The last couple of weeks has revealed who it is that runs the real economy, beyond the glass towers that loom over everything else, imposing their… Read More

March 24, 2020 @ 8:02 am By Omar Faridi  |  

Fintech companies have experienced considerable success and a significant increase in their valuations during the past few years. However, public stock prices are now declining rapidly due to the coronavirus (COVID-19) outbreak, and the resulting panic and economic instability. The private Fintech bubble now seems… Read More

March 23, 2020 @ 9:48 pm By Omar Faridi  |  

QPAY International, which is listed as a member of the NEXXO Network, a Fintech firm based in Qatar that provides services to more than 15,000 local small and medium enterprises (SMEs) and over 250,000 low-income workers, is reducing its point of sale (POS) prices by… Read More

March 23, 2020 @ 5:47 pm By JD Alois  |  

LendingClub (NYSE:LC), the leading marketplace lending platform in the US, has issued another 8K outlining moves the company has taken to gird its platform during the Coronavirus pandemic. Last week, LendingClub issued a similar 8K outlining moves it had taken as interest rates and credit… Read More

March 23, 2020 @ 5:00 pm By Dror Futter  |  

Remember all those articles about whether venture was overvalued?  With blinding speed, they now seem quaint.  Bluntly stated, most venture-backed companies are in a fight for survival.    Although certain areas of life sciences may do somewhat better, I think the impact will be widely felt. … Read More