Is the intensity of banking innovation really heating up?
Lending Club has filed a $500 million IPO, according to S-1 filings sent to the SEC. Interestingly, Lending Club’s S-1 filing lacks key information that might give insight into the still-private company.
Socure files for a $5.6 million Series A round, according to SEC documents discovered by Bank Innovation.
Clinkle, the $30 million startup that was supposed to revolutionize payments, has had a number of stumbles over the past year. Between launching a desperate commercial last September to offering users $10 if they used their card five times, Clinkle’s been struggling to attract and hold on to customers. ARead More
The ABA’s Frank Keating argues that banks deserve “balanced, nuanced” regulatory compliance that does not upend their economic prospects, particularly for smaller community banks. But that argument rings hollow.
Simple 2.0 is not only a major redesign but adds a plethora of new features, leveraging newly developed technology.
Apparently GoBank’s experiment letting users choose their monthly fees didn’t work out so well. GoBank has been out of action lately, not allowing new members for the past several months.
Ribbit Capital filed an amendment to increase the target amount for its new fund to $125 million.
Brokerage firms have been dealing with their brokers leaving for lesser-known independent funds and startups. What’s behind this migration of talent and money from established, buttoned-up firms to laid-back startups like New York-based Betterment? It may be because the startups know young people, and young people are the future of,Read More
Behemoths like Braintree are said to be accepting bitcoin in the near future, but startups like Circle are fighting regulators for their lives.
What’s the message behind the major two major updates of fintech apps this week? Belly and Level Money, two upstart fintech apps, released major upgrades this week — Belly yesterday and Level Money on Wednesday. Belly, a rewards app, added a feature called Belly Bites, where users can redeem freeRead More