Post Tagged with: "Wonga"

Brexit  Jolts Fintech, Launches Era of Banking Uncertainty

Brexit Jolts Fintech, Launches Era of Banking Uncertainty

by June 24, 2016 at 10:45 am 2 comments

In a stunning vote, British citizens decided to leave the European Union, and the so-called Brexit has not just profound implications for fintech, but creates massive uncertainty for global financial services. “How can we be so stupid?” tweeted Eileen Burbidge, a partner at Passion Capital and FinTech Envoy of HMRead More

Average Pay for Fintech Software Engineers Tops $100k

Average Pay for Fintech Software Engineers Tops $100k

by April 9, 2015 at 9:56 am 1 comment

The average salary for a fintech software engineer is now more than $100,000, according to a Bank Innovation analysis. The exact average salary for a software engineer — a bread-and-butter position for a technology startup — is $100,188. With all the talk of an “overheating” fintech venture capital market, keeping an eyeRead More

The fast money moving into P2P lending and the danger of another subprime meltdown



by October 24, 2014 at 4:01 am 0 comments

Hope springs eternal, but math is merciless. Financial innovation makes us hope for better outcomes for all. We hope that the securitization of mortgages leads to more people being able to afford to own their own homes. Seven years after the subprime mortgage meltdown, we hope that P2P Lending will enable people and small businesses […]

Building a Bank from Scratch

Building a Bank from Scratch

by April 15, 2014 at 11:28 am 0 comments

The bank of the future probably won’t be made of brick or stone, and may not be much to look at. It’s easier to say what it will do. Entrepreneur and startup mentor Jack Gavigan, who traded tweets with Marc Andreessen and others on the subject back in February, elaborated onRead More

Western VCs Look Warily at Latest Russian Lending Startup

Western VCs Look Warily at Latest Russian Lending Startup

by March 18, 2014 at 2:12 pm 0 comments

A new Russian startup — yes, Russian — is promising microloans (or at least microloan approvals)  in just 45 seconds. But it appears that Zaimionline.ru, which is now seeking more funding to go with its seed round, is going to have a tough time raising money from Western VCs because of theRead More