LendingClub Releases Q2 2020 Earnings
LendingClub reported their Q2 earnings after the closing bell yesterday and as expected it was a significantly down quarter; the company had warned on their ...
Kabbage Reportedly Shopping for Buyers
Barron’s reports that online small business lender Kabbage is shopping for buyers and could fetch more than $1bn; the potential buyers that have emerged ...
Now That Varo Has a Banking License, What Comes Next?
Varo broke new ground as the first major fintech company to obtain a full banking license; now that they have a banking license Nik Milanovic ...
Fintech is One of the Hottest Jobs Markets
Fintech has quickly become one of the hottest markets in the world and the average salary is now more than $113,000 per year; McKenna ...
Banks Begin to Employ New Tech on Debt Collections
There is sure to be a growing consumer debt issue when the government assistance finally ends and banks are starting to look at new ...
More News for August 5th, 2020
Mobile bank Current launches a points rewards program for debit card users U.S. Financial Service Buckle Secured $31 ...
Why Banks Want to Partner with Google on Checking Accounts
Google announced a new group of bank partners for their checking account, expanding on the initial announcement last year with Citi and Stanford Federal ...
Uber’s Departure from Fintech Won’t Slow Embedded Finance Down
Uber recently said they are de-prioritizing their finance related projects to better weather the current crisis; this comes only a few months after the ...
Aura CEO Steps Down to Seek Financing Deal
The CEO of online consumer lender Aura, James Gutierrez, has stepped down from day to day operations in order to help arrange a financing ...
Robinhood’s Revenue Doubles in Q2 to $180M
According to a regulatory filing Robinhood’s second quarter revenue came in at $180 million, nearly double the $91 million it made in the first quarter; ...