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.
Revolut gets European banking license in Lithuania from Techcrunch – UK-based fintech startup Revolut is now officially a bank. They received their banking license in Lithuania and will leverage passporting rules to operate in other European countries.
Robinhood’s checking account poses legal issues: SIPC chief from American Banker – On Thursday Robinhood announced they would offer a checking/savings account paying 3% interest in early 2019. I joined the waiting list yesterday (at #554,872) but it looks like they did not clear all this with the SIPC.
The growing trend of purchase financing from Tearsheet – Purchase financing, aka point of sale financing, is taking off as many fintech companies offer quick and simple ways to finance a purchase not using a credit card.
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.