News Roundup

This page contains an archive of the newsletters produced by LendIt Fintech.

Every day the LendIt Fintech news team scours the globe for the most important stories of the day to include in our daily newsletter. Then every Monday, Wednesday, and Friday we produce our Europe-focused newsletter and on Tuesday and Friday, we produce our bilingual newsletter focused on the Latin American fintech market.

Then every Saturday we bring you our weekly news roundup of the top 10 stories of the week with commentary from Peter Renton.

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PeerIQ's weekly update covers the recent partnership by Acorns and PayPal, household debt in the US and a new Bain survey that shows people are more willing to try fintech products; LendingClub filed its latest securitization deal for $330mn and Kroll upgraded all three classes of the Earnest EARN 2016-B deal; they also took a deep dive on TransUnions recently released fintech study. Source.

First Republic Bank has acquired Gradifi, a student loan repayment technology platform; the platform offers technology that allows employers to make contributions to the student loans of their employees; an increasing number of employers have been integrating student loan contributions with their benefit plans; Gradifi will become a wholly-owned subsidiary of First Republic Bank and the acquisition will help it to meet the increasing demand for its technology.  Source

As of September 2016, WeChat had 768 million active users; the service is owned by Tencent; social cash sent to users through customized red packets or red envelopes has been one factor driving increased usage; WeChat has also been helping fuel a cashless society with 300 million users using WeChat Pay; expanding features and red packet promotional efforts have helped the company report an estimated value of $80 billion which is approximately half of Tencent's market cap.  Source