Recession News, Big Tech and Fintech Financings
In this week’s PeerIQ Industry Update they cover the increasing likelihood of a recession as forecasts show a 33 percent chance of a recession; ...
Google and PayPal Looked into OCC Fintech Charter
While it’s no surprise that many fintech companies were exploring the OCC fintech charter it is interesting that both Google and PayPal visited with ...
Facebook’s Crypto Project Gets Big Support
Facebook plans to reveal their crypto plans next week and now they count a group of impressive backers to support the effort; Visa Inc., Mastercard ...
Tink Announces That PayPal Has Become a Strategic Investor
Tink raised €56 million in new funding in February and today it announced a further investment of €1o million from PayPal; Tink is a Swedish ...
PayPal Crosses $10 Billion In Small Business Loans
PayPal recently disclosed that they had crossed $10 billion in originations which makes them the leader when it comes to non-bank lenders in the US; ...
CNBC’s Cramer Says PayPal is Worldwide Leader in Payments
CNBC personality Jim Cramer says PayPal is without a doubt the worldwide leader in payments; the comments come after the merger announcement from Global ...
Raisin Adds $113mn with Backing of Orange Digital Ventures
Fintech Raisin has raised an additional $113mn in a series D round from Orange Digital Ventures and existing investors including Index Ventures, PayPal, Ribbit ...
PayPal Can Save $25mn a Year by Automating Customer Service
PayPal’s CFO John Rainey said 11 percent of the company’s 60 million customer inquires could be automated; the types of transactions they are calling ...
Regulator Approves PayPal/iZettle Deal to Move Forward
The Competition and Markets Authority (CMA) has now given provisional approval of the deal which was originally announced last year; the competition regulator found ...
PayPal Reveals Venmo Has 40 Million Active Accounts
In their first quarter earnings call yesterday PayPal revealed the scale of Venmo for the first time; in the past 12 months Venmo had 40 ...