Student lender MPOWER secures $150m loan facility from Goldman Sachs
The Washington DC-based lender will use the facility to hand out more loans to international students.
The Washington DC-based lender will use the facility to hand out more loans to international students.
Forbes reports the savings account attracted $400 million in deposits on launch day alone.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
GreenSky was acquired by Goldman in 2021 for $2.24bn to furnish its Marcus banking app.
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
FCA found the firm made 220.2m errors.
The Mexican lendtech provides SMEs with credit.
To launch in summer, supported by Goldman Sachs.
Two former employees are prohibited from the banking industry.
Credit cards will be rolled out to employees for testing in next few weeks.
US firm to use money for in-school student lending businesses.
Other investors include Point72 Ventures and Experian Ventures.
US company gets investment from Goldman Sachs.
Automated FX services on the blockchain.
Bank boosts tech capabilities with purchase of one-man operation.
Ayco will provide financial coaching to Google’s US-based employees.
Technology is the crux of managing data…
Veem living the dream with its payments platform plan.
In advanced talks with several firms to sell its three-year-old app.
Well… this story has been updated.
Blockchain technology firm basks in Series B round.
Takes its total funding to $25 million.
11:FS Fintech Insider podcast featuring FinTech Futures’ Tanya Andreasyan.
Immersive Labs aims to help companies train their staff in cyber skills.
OutSystems’ valuation has now surpassed $1 billion.
Bringing Marqeta’s total funding to $116 million.
Firm says its valuation now stands at $1.1 billion.
Could be on its way in 2019.
Brings over one million customers to its online lending platform Marcus.
2017 saw more acquisitions by top US banks than any other year.
Research company CB Insights has mapped out where the top ten US banks are investing in fintech.
Point of sale (POS) financing provider Financeit completed an investment round with existing shareholder Goldman Sachs
Quickly following on from the fintech funding round-up on 11 September, here’s more action in a concise form. Features InfoSum, Neyber, Goldman Sachs, Forward Partners and BlackRock. Data tech start-up InfoSum has added $5 million to its seed funding, taking the total raised to date to $8 million. Joining existing investors Mark Suster (Upfront Ventures) […]
Market players are bullish on the near- and longer-term promise of fintech, according to new research by Opimas, “Fintech Spending and Innovation in Capital Markets”. In 2017, it estimates fintech spending across all capital markets participants to exceed $127 billion.
Fintech funding can be an intense blur of money, jargon and unerringly similar expansion plans. Here’s a round-up that gets to the heart of the matter. Features Plynk, IHS Markit, Barclays, Goldman Sachs, HSBC, Morgan Stanley and Wahed. Ireland’s Plynk, a money messaging app, has revealed a Series A raise of €25 million. Led by […]
It felt like there was a blockchain story every day in 2016, but we look back at some of the bigger stories with Banking Technology’s top ten! Microsoft and AMIS launch Asia’s first blockchain consortium Microsoft says it is also in “collaboration” with banks such as Ubon Financial, Cathay Financial Holdings and MegaBank to further […]
Because you’ve all been so good this year, here’s a fintech funding round-up to save you time… so you can eat and drink more over Christmas. Goldman Sachs, JP Morgan Chase and a group of other financial institutions including ICAP’s venture arm are finalising an investment in blockchain start-up Axoni, according to Reuters. New York-based […]
More than 60 of financial institutions around the world (including many top-tier banks) are involved in the R3 consortium, with considerable financial and resource commitments. The international consortium promises to build a common blockchain-based platform – called Corda – but the end-result is still a number of years away.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
All aboard the blockchain bandwagon – Goldman Sachs has filed a new patent application to use it on the foreign exchange (FX) market. The latest development follows on from late last year when Goldman Sachs made a patent application for a new virtual currency, dubbed “SETLcoin”, for “nearly instantaneous execution and settlement” of trades involving […]