Tagged: money management

Marketplace Lender Prosper Reports that 78% of Originations Rated AA-B in May 2021, with $13K Avg Loan Size

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, has shared its Performance Update Report for the month of May 2021. As noted in the report from Prosper, dated June 15, 2021: In May 2021,… Read More

Financial Wellbeing: Dreams, an Engagement Banking Service, to Help Ukraine Consumers Become Better Savers

Dreams, a provider of behavioral and engagement banking services for large financial institutions, has introduced its financial wellbeing platform with assistance from Ukraine’s commercial bank UKRSIBBANK BNP Paribas Group. Dreams’ financial wellbeing platform has been integrated into UKRSIBBANK’s mobile banking app, allowing its 2 million… Read More

Australia’s Open Banking Fintech Frollo Introduces Real-Time Balance Checks with Siri for Budgeting App

Australia-based Frollo, the “purpose-driven” Fintech firm that offers financial management and Open Banking services, has introduced a new feature for its budgeting app that allows customers to check their real time balance with Siri and the firm’s Open Banking connections. Some common use-cases for voice… Read More

UK Wealthtech ikigai, which Reimagines Investment and Financial Services for Millennials, Secures £1.9M+ via Crowdcube

Ikigai, an established wealth management and banking app for affluent Millennials, has secured nearly £2 million in capital through a crowdfunding campaign via CrowdCube. The funds raised will be used to accelerate ikigai’s product roadmap and enhance its technology team. The total funds secured equates… Read More

Financial Planning: TransUnion Survey Reveals Hong Kong Residents are Facing Financial Pressure due to COVID

The COVID-19 pandemic has taken a heavy toll on Hong Kong residents’ financial situation with many people now worried about whether they’ll still be able to settle their bills, according to a recent TransUnion survey report. TransUnion’s Consumer Pulse study reveals that Hong Kong consumers’… Read More

Marketplace Lender Prosper Reports Relatively Stable Loan to Income Ratio for April 2021

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, recently shared performance data from the Prosper Portfolio for April 2021. Prosper Performance Update – April 2021: Highlights from the report include: In April, “approximately 78%… Read More

BNPL Fintech Clearpay Research Reveals UK Millennials, Gen Z More Financial Savvy than Older Consumers

Research from Buy Now Pay Later (BNPL) service provider, Clearpay, reveals that Gen Z and Millennials may have been hit the hardest by the COVID-19 crisis, however, they’re the most financially savvy generation in the United Kingdom. Around 68% of Gen Z and 61% of… Read More

Fintech Wealthfront Is Now Offering Carefully Vetted ETFs, Socially-Responsible Investing Options, Company Now Exploring Crypto

California-based Fintech firm Wealthfront revealed on Wednesday (April 28, 2021) that it’s now offering new features for its investment portfolios that will allow its clients to make investments in a wider range of “carefully-vetted” exchange-traded-funds or ETFs and Socially Responsible Investing (SRI) options. According to… Read More

London’s Moneyfarm, a Wealth Management Fintech, Reveals Q1 2021 Saw Slow Return to Economic Normality

London-based Moneyfarm, a company providing wealth management services “designed around you,” notes that at the end of every quarter, their investors are provided a complete report outlining the performance of their portfolios. Moneyfarm writes in a blog post update that these reports come with comprehensive… Read More

UK Fintech Freetrade Survey Reveals that Brits Struggled with Financial Literacy Questions on ISAs, Retirement Planning

A recent research study has found that a lack of proper financial education has left consumers across the UK a bit confused with how to manage their funds. The study reveals that UK residents may be dealing with detrimental effects on their confidence, mental well-being… Read More

California based Fintech Wealthfront Launches “Final Set of Features” for First Version of “Self-Driving Money”

California-based Fintech firm Wealthfront revealed on Tuesday (April 20, 2021) that it has launched the “final set of features” that make up the first version of Self-Driving Money™. As noted in a release shared with Crowdfund Insider, the firm’s “relentless” focus on automation has led… Read More

Betterment Introduces FDIC Insured Joint Checking Account for Clients Looking to Effectively Manage Shared Recurring Expenses

Betterment, the largest independent online financial advisor, recently launched an FDIC-insured Joint Checking account with several new features designed to help you and your partner “make the most of your money.” As mentioned in a note shared with CI, Betterment’s Joint Checking account is “for… Read More

U.S. Fintech Unifimoney Joins Forces With Gemini To Bring Crypto Trading to Unifimoney Money Management Mobile App

Unifimoney Inc., a U.S.-based premium digital money management platform, announced on Wednesday it has joined forces with Gemini to bring cryptocurrency trading to its Unifimoney money management mobile app. According to Unifimoney, the partnership will enable Unifimoney users to access buy and sell Gemini’s full portfolio of… Read More

Marketplace Lender Prosper Releases Quarterly Investor Update, Borrower Rates on Platform Higher than Pre-Pandemic Levels

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, recently shared their Quarterly Investor Update – Q1 2021. Ashish Gupta, the Chief Credit Officer at Prosper Marketplace, writes in a blog post that the company… Read More

Real Estate: Insurtech Lemonade Shares Strategies for Making Well-Planned Down Payments on Properties

Insurtech firm Lemonade has shared some important information regarding making down payments on properties. Team Lemonade (NYSE:LMND) writes in a blog post that when someone says they are “saving up” for a home, what they’re “really doing is saving up for a down payment.” The… Read More

Marketplace Lender Prosper Reports 81% Originations Rated AA-B, Avg Loan Size was $13k, Avg Borrower Income $103k for Feb 2021

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, recently shared their performance data from the Prosper Portfolio for the month of February 2021. Key highlights from the report are as follows: In February 2021,… Read More

LendingClub Shares Financial Management Tips, Explains how to Build Emergency Fund and how to Apply for Personal Loans

LendingClub (NYSE:LC) notes that if you’ve been struggling to make ends meet, then you are definitely not alone. Amid the ongoing COVID-19 pandemic, nearly 30 million US residents are still facing unemployment, which has compounded existing struggles for workers who may have been living paycheck-to-paycheck… Read More

US and Asian Wealth Management Professionals Discuss Financial Planning and Effective Use of Robo-Advisory Services

When discussing wealth management strategies and how Fintech solutions can help investors better manage their portfolios, analysts often talk about how to create new wealth. They may discuss goal setting, risk profile management, and investment management. Dr. Sekar Jaganathan, Director of Digital Strategy at Kenanga… Read More

Mexico’s Salary Advance Fintech Startup Minu Secures $14M in Capital via Series A Round to Enhance Product Offering

Mexico’s salary advance startup Minu has secured $14 million in capital through a Series A funding round. Minu’s investment round was led by FinTech Collective along with contributions from VEF, XYZ Ventures, and FJ Labs. DocuSign founder Tom Gonser and Gusto CFO Mike Dinsdale took… Read More

US Fintech Unicorn MX Technologies Reveals that Financial Wellness Is Now Special Focus Area for Financial Service Providers

US-based Fintech firm MX Technologies, which recently secured $300 million through a Series C funding round and quadrupled its valuation to $1.9 billion, notes that financial wellness is now a special focus area for financial institutions, Fintech companies, and consumers as well. MX, which has… Read More

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