During the week I share the latest marketplace lending and fintech news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here.
Fintech decacorn Nubank raises $400M led by TCV from TechCrunch – The most valuable digital bank (outside of China) is not in the U.S. or Europe, it is in Brazil. Nubank just closed a $400 million round led by TCV that values the company at more than $10 billion.
What’s next for OnDeck after breakup with JPMorgan? from American Banker – Monday was not a great day for OnDeck as investors sold the stock when it announced the loss of Chase as a client. American Banker looks at the aftermath and what is next for the company.
Families Go Deep in Debt to Stay in the Middle Class from The Wall Street Journal – Front page story in The Wall Street Journal today on debt in America with some case studies of young couples struggling with an increasing debt burden. Refinancing high cost debt is good but both lenders and borrowers need to focus on responsible lending.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.