Online lender Social Finance has raked in around $1 billion from its collective investors, bringing the startup’s value to roughly $4 billion. The San Francisco-based firm raised that equity round in the last several weeks, according to Wall Street Journal reporting. If that valuation pencils out right,...
[vc_row][vc_column][vc_single_image image=”159517″ img_size=”full” alignment=”center” style=”vc_box_shadow_3d”][vc_column_text] The PYMNTS.com Financial Inclusion TrackerTM provides the organizing framework for evaluating and examining the players that provide digital financial inclusion services to the billions of underbanked and unbanked around the world. [/vc_column_text][vc_row_inner][vc_column_inner width=”3/4″][vc_text_separator title=”Overview” title_align=”separator_align_left”][vc_column_text] Is bitcoin relevant in developing markets? Apparently some...
With the Great Recession officially a memory for most consumers, Americans are both buying and financing cars. A lot , as it turns out, as auto loan debt has tipped over the $1 trillion mark for the first time in U.S. history. That figure comes...
Most Facebook users have a friends list that is composed of a motley crew of various people they met in high school and college, coworkers, friends they made on vacation, the six or seven friends they’ve made in the last 10 years and a whole...
Most Americans need a car. Some have recently opined that this trend may be coming to its end, pushed by the 80 million or so who reportedly prefer living in urban areas. According to Nielsen, 62 percent indicate they prefer to live in the type of mixed-use...
The not-so-secret secret to success in cross-border commerce is to focus on local needs. But that’s just a concept; how can merchants truly make it a strategy? Larry Illg, CEO of PayU, shared his thoughts on turning a theory into a reality with MPD CEO...
The U.S. Treasury Department has started studying the online lenders of the nation in an attempt to make sure the regulations on the books are relevant to the industry as it exists today. Small banks’ position in the lending market has diminished to the point...
So what is the next frontier in lending? According to PayPal cofounder Max Levchin, it might just be finding better ways to handle student debt for those who want to go into coding. Levchin’s latest startup — lending-focused Affirm — has set its sights on student...
North American cloud-based payments processor TIO has announced that it will be acquiring Softgate Systems, Inc. — a New Jersey firm that specializes in providing consumers with retail bill payment solutions. All in, the deal will be worth $31 million divided between $5 million in...