August 11, 2017 @ 12:49 pm By JD Alois  |  

PayPal has acquired Swift Financial (not to be confused with Swift the global banking messaging platform). The purchase will buttress PayPal Working Capital, a lending segment of PayPal that provides SMEs access to capital. Headquartered in Delaware, Swift Financial was established in 2006 to provide… Read More

August 6, 2017 @ 1:00 pm By Xu Gao  |  

Baidu Partners With PayPal to Tap Cross-border Payments On July 28, Baidu annouced a strategic agreement with PayPal to tap oversea merchants as Chinese tech companies ramp up the fight for overseas payment partnerships. The partnership allows Baidu Wallet users to make online purchases outside… Read More

June 30, 2017 @ 10:37 am By Samantha Hurst  |  

LendUp, a socially responsible online lender on a mission to redefine financial services for the emerging middle class, announced on Thursday it received a strategic undisclosed sum investment from PayPal.  While sharing details about the investment, Sasha Orloff, LendUp co-founder and CEO, stated: “PayPal has… Read More

June 17, 2017 @ 1:45 pm By JD Alois  |  

Zelle, the erstwhile Venmo killer, is the creation of a cabal of traditional banks. As of this month, 86 million mobile banking customers will be able to utilize the peer to peer payments platform to send money via mobil banking apps. The list of the… Read More

May 16, 2017 @ 8:33 am By JD Alois  |  

LendingClub (NYSE: LC), the largest marketplace lending platform in the US, has announced the appointment of Steve Allocca as President of the online lending company. Allocca will start at LendingClub on May 22, 2017 and will report directly to LendingClub CEO Scott Sanborn. Allocca will… Read More

May 8, 2017 @ 8:21 am By Erin Hobey  |  

Last week Financial Innovation Now (FIN), an alliance of companies which includes Fintech behemoths innovator Amazon, Apple, Google, Intuit and PayPal, spoke out against language used in the Financial CHOICE Act that would repeal debit swipe fee reform. In a letter penned by FIN Executive Director Brian… Read More

May 3, 2017 @ 10:24 am By Samantha Hurst  |  

PayPal announced on Monday the launch of its new small business toolkit, Business in a Box. This news comes just after the payment giant revealed its PayPal Working Capital helped over 115,000 businesses around the world access more than $3 billion in loans and cash… Read More

April 14, 2017 @ 8:05 am By JD Alois  |  

Financial Innovation Now (FIN) has submitted their recommendations to Senators Crapo and Brown, the Chair and Ranking Member on the Senate Banking Committee, as to how best to improve Economic Growth. The proposals follow a public request by the two Senators asking members of the public… Read More

April 2, 2017 @ 10:25 am By Jonathan Nieh  |  

  On March 24, 2017, shareholders of PayPal Holdings Inc., the parent company of mobile-payment provider Venmo, filed a derivative suit against its directors in the District Court of Delaware. A derivative suit is a form of class action in which shareholders can sue company… Read More

March 28, 2017 @ 1:27 pm By Cole Lyons  |  

Past generations have had their market opportunities; the Baby Boomers the jump in energy prices during the 1970’s and Generation X had the tech boom (and bust) of the 1990’s. But Brady Fletcher says the empowerment-driven Millennials haven’t had their own spring of market luck…. Read More

March 9, 2017 @ 12:37 pm By JD Alois  |  

Viva Republica, a Fintech startup that provides a P2P money transfer service called Toss, has received a $48 million investment from PayPal (NASDAQ: PYPL), Goodwater Capital, Bessemer Venture Partners, Altos Ventures and Partech Ventures. Toss had previously raised $29 million in earlier funding. The young company… Read More

March 2, 2017 @ 10:07 pm By Jessica Pham  |  

Does “Can you Zelle me the payment?” have the same ring to “You can just Venmo me?” A company knows that it has made it when people turn its name into a verb, as Venmo and Uber (despite its bad press these past few weeks)… Read More

February 21, 2017 @ 12:45 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB), launched an inquiry into consumers seeking access to their financial records.  At the time of the announcement, CFPB Director Richard Cordray stated; “Consumers should be able to use their financial records and account information and securely share access in… Read More

February 18, 2017 @ 1:17 am By Jessica Pham  |  

PayPal and Singapore Management University (SMU) have teamed up to establish a fintech scholarship that is worth S$180,000 (over $125,000). The investment is focused on building the talent pool in Singapore for the fintech sector. Six undergraduates at SMU’s School of Information Systems (SIS) will each… Read More

January 25, 2017 @ 1:22 pm By JD Alois  |  

The 2017 World Economic Forum held in Davos, Switzerland last week, will soon become a distant memory as participants and observers jet back to their day jobs. But one of the interesting topics tackled as the seminal gathering was the emerging environment of financial innovation… Read More

December 19, 2016 @ 11:49 am By Samantha Hurst  |  

FIS (NYSE: FIS), a financial services technology, announced last week it has teamed up with PayPal (NASDAQ: PYPL) to help increase customer engagement and drive incremental digital spend with FIS’ banking partners. According to the companies, the partnership will make it easy for consumers who bank… Read More

October 14, 2016 @ 10:32 am By JD Alois  |  

Affirm has received a $100 million lending facility from Morgan Stanley. Affirm will use the new capital to expand its Point of Sale (PoS) financing to more retailers. The company stated it expects to triple its loan volume for the year. Affirm was launched by… Read More

September 22, 2016 @ 7:03 am By Erin Hobey  |  

Equity Bank and Safaricom, a Kenyan lending platform and a telecom platform, are courting PayPal customers seeking to make transfer account funds more quickly and easily, according to Business Daily Africa.  The agreement signed by Equity Bank means customers can now cash their PayPal accounts in three days instead of the earlier… Read More

August 25, 2016 @ 12:11 am By JD Alois  |  

Apple, Google, Amazon, PayPal & Intuit Provide the Firepower Behind Fintech Advocacy Group Financial Innovation Now. Back in the fall of 2015, an announcement was made regarding the creation of a new public policy coalition representing some of the largest names in tech: Apple, Google,… Read More

August 15, 2016 @ 10:33 am By JD Alois  |  

In November of 2015, a group of well-known tech names banded together to create a new lobbying entity to lobby Capitol Hill on Fintech and financial regulations. Financial Innovation Now is a unique alliance of Apple, Google, Amazon, Intuit and Paypal joining in one specific… Read More