It’s now clear where this month’s $10.5 million in funding for investment app Acorns came from — and what it’s for. On Wednesday (April 15) Acorns said it has raised $23 million in a funding round that will let it launch its first app for...
Lending Club and Citi will work together to facilitate up to $150 million in loans to low- and moderate-income borrowers in underserved communities, the alt-lender and bank jointly announced on Tuesday (April 14). Under the deal, Citi will provide capital to fund the loans, which...
Credit-reporting agency Experian now has a mobile app that it says will help consumers “feel more confident about their financial situation” — and it has survey results to prove it. According to the survey of 1,000 U.S. adults with mobile devices, 60 percent of mobile...
The United States’ second biggest P2P lending market has closed out a financing round that pushes its valuation to $1.9 billion – rocketing it into the “unicorn” strata of startups and nearly tripling up its last valuation of a year ago. This all comes while Prosper...
So goes the economy, so goes the likelihood of getting financing as a small business. When times are bad, the money dries up; when times are good – well actually, since the last recession, the situation has still been pretty dire, which is why so many...
Smartphone ownership is changing the way Americans are using and thinking about the Internet, according to a new study released by Pew Research Center in association with the John S. and James L. Knight Foundation. According to the report, around 64 percent of Americans have a...
Alibaba’s money market fund Yu’ebao has added more than 140 million users in the past year and reversed a brief slide in the amount of money it manages, according to Tech in Asia. Ant Financial, the affiliate that Alibaba created for its financial services to...
Financial inclusion and the concept of the unbanked has become a buzzword when it comes to mobile payments innovations. Who are the unbanked, who are the mobile money companies reaching, and where are there still gaps? And why? These are the questions mobile money companies are working rapidly to solve as...
Yesterday (March 23) the Network Branded Prepaid Card Association (NBPCA) formally requested that the CFPB show “restraint” as it goes into its final rule making on prepaid products. “We appreciate the efforts of the CFPB staff to better understand the prepaid market, but we have...