Sezzle, the California-based alternative payments lender, announced Thursday that it was finally approved by the state’s Department of Business Oversight (DBO) for a lending license. The DBO’s approval means that Sezzle can now continue to operate seamlessly in the state and continue to act as...
Bangalore-based FinTech ZestMoney has raised $15 million in a Series B funding round led by Goldman Sachs and existing investors Naspers, Quona Capital, and Omidyar Network, reports detailed on Thursday (Dec. 19). ZestMoney co-founder and chief executive Lizzie Chapman told reporters that the new investment...
As alt-banking matures and FinTechs mushroom, challenger banks are losing their cool “disruptor cred” and blending into the banking landscape. Not as cool. But with 62 percent of Americans doing most of their banking online – and 69 percent saying they’ll use banking apps routinely...
The CEO of online split payments company Klarna, Sebastian Siemiatkowski, gave a lengthy interview to a news outlet about the future of the company and where he plans to take it. Klarna is a 15-year-old company that has a valuation of over five billion dollars....
When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. That doesn’t mean it’s been easy. So-called...
While much of the world is profoundly different at the end of this decade than at the beginning, there are few places on the planet where that difference is more pronounced than in India — particularly when it comes to financial services. At the start...
Shoppers looking for something a little unusual this holiday season when they head out on Black Friday will have no shortage of interesting options. Christmas tree not smart enough? Amazon has an Alexa-enabled solution for that. Need an advent calendar, but not into eating chocolate of questionable quality? Tiffany...
Keeping track of the legal status of short-term lending in the U.S. – which encompasses financial products such as payday loans, pawn loans and title loans – has become something of a game of “follow the bouncing ball” over the last few years. At the state...
India-based hotel and booking startup OYO has been on a tear lately, landing $1.5 billion in new funding, expanding to new markets and getting into new areas — most recently, coworking spaces. Now, the fast-growing operation is tapping into one of the growing trends in payments...
