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Credit Fair Raises $10M in Extended Seed Round to Grow Embedded Finance Platform
Credit Fair Raises $10M in Extended Seed Round to Grow Embedded Finance Platform
August 03, 2022  |  Investments

Embedded finance startup Credit Fair raised $10 million in a debt and equity seed extension round it will use to grow its platform to advance financial inclusion...

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Chairman of China’s Ant Group Steps Down From Alipay Role
Chairman of China’s Ant Group Steps Down From Alipay Role
August 03, 2022  |  Personnel

Chinese FinTech Ant Group‘s Alipay is in the midst of another change in corporate leadership, with Eric Jing Xiandong stepping down as legal representative and...

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Millions Drained in Solana Wallet Hack
Millions Drained in Solana Wallet Hack
August 03, 2022  |  Security & Fraud

Security firms are scrambling to assess total losses after hackers hit thousands of Solana wallets and drained millions in assets in an attack that started...

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TCH Asks CFPB to Define Larger Participants in Aggregation Services Market
TCH Asks CFPB to Define Larger Participants in Aggregation Services Market
August 02, 2022  |  CFPB

The Clearing House has petitioned the Consumer Financial Protection Bureau (CFPB) to make new rules around aggregation services, or third-party companies dealing with peoples’ financial...

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Airbnb Q2: Record Bookings, Month-Long Stays See Fastest Growth
Airbnb Q2: Record Bookings, Month-Long Stays See Fastest Growth
August 02, 2022  |  Earnings

Airbnb saw revenue and demand for its vacation rental business grow in the second quarter, according to a Tuesday (Aug. 2) press release. The company...

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LendingClub Appoints Ex-Optum D2C CEO Ahmad, Former Citi CCO Reimann to Board
LendingClub Appoints Ex-Optum D2C CEO Ahmad, Former Citi CCO Reimann to Board
August 02, 2022  |  Personnel

LendingClub has announced two new members for its board of directors in Faiz Ahmad and Kathryn Reimann, a press release said Tuesday (Aug. 2). Get...

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Today in Crypto: Singapore’s Central Bank Weighs Stablecoin Regulations in Wake of TerraUSD Collapse; Robinhood Crypto Unit Faces $30M Fine for AML, Cybersecurity Violations
Today in Crypto: Singapore’s Central Bank Weighs Stablecoin Regulations in Wake of TerraUSD Collapse; Robinhood...
August 02, 2022  |  Cryptocurrency

The Monetary Authority of Singapore (MAS) is looking at how to regulate stablecoins, a release from the agency said. Get the Full Story Complete the...

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PayPal Names Ex-Electronic Arts CFO Blake Jorgensen as Its Chief Financial Officer
PayPal Names Ex-Electronic Arts CFO Blake Jorgensen as Its Chief Financial Officer
August 02, 2022  |  Personnel

In its Q2 results, PayPal announced its new CFO in Blake Jorgensen, and that Elliott Management had secured a $2 billion stake in the company,...

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Robinhood Cuts 23% of Staff as Brokerage Sees 34% Drop in Monthly Active Users
Robinhood Cuts 23% of Staff as Brokerage Sees 34% Drop in Monthly Active Users
August 02, 2022  |  financial apps

Robinhood, the popular brokerage app, will lay off about 23% of its staff as customers slow down trading, The Wall Street Journal (WSJ) wrote Tuesday...

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