The Portuguese bank announced it will invest in notes issued by CrossLend; CrossLend is a European marketplace lending platform that operates across many European countries; Banco BNI Europa views the investment as a diversification play. Source
Raisin has over 100,000 customers and launched investment products for their customers in Germany; customers will be able to choose from index or exchange traded funds from Vanguard or DAB BNP Paribas that cost less than .5%; Germany is a newer market for Vanguard which listed its ETFs on the German stock exchange last year. Source
[Editor’s note: Please meet our newest contributor to Lend Academy. Mike McEnaney joined the LendIt content team late last year...
The fintech company is partnering with crypto exchange Coinbase to allow their members to purchase cryptocurrencies; it is expected to...
GreenSky is a point of sale lender which partners with merchants in a variety of verticals; they also work with...
The partnership will allow community banks and other loan purchasers to access the online lending space; it will leverage the Cross River’s expertise in capital, technology and regulatory compliance with PeerIQ’s expertise in data analytics and risk management. Geoffrey Kott, head of finance and strategy at Cross River Bank stated, “PeerIQ’s risk management platform — with its leading loan-level analytics and monitoring capabilities, credit facility management toolkit, and full integration of TransUnion data — will both augment our internal capabilities and provide best-in-class loan-level monitoring tools for our clients and partners.”; Cross River Bank currently works with many big names in fintech, including more than 15 online lenders. Source
Petal’s new credit card will focus on the 65 million people who lack credit history for a traditional card; they have been working for three years on their product which uses AI to predict a consumer’s creditworthiness; the company raised a $3.6 million seed round last September and followed with a $13 million Series A in January of 2018; the partnership with WebBank will allow Petal to make the card available nationwide which they anticipate will happen over the next few months. Source
The partnership with Stripe will ultimately help marketplace or gig economy workers get paid faster through Cross River’s API platform;...
One of the leading fintechs in small business lending has partnered with the online banking platform Azlo; through the partnership,...
Over the past decade we’ve seen consumers warming up to buying everything with multiple payments. It is a phenomenon that...