Now more than ever it is important for fintechs to be on the top of their game when it comes...
The current pandemic has upended the financial services industry more in the last two months than fintech has in the...
Many Americans are taking a new look at their personal finances and are increasingly looking to popular fintech applications; Chime...
Hedosophia is not a household name, and that is by design. The fund is one of the most secretive investors...
Stash has quickly become one of the hottest fintechs and the company has seen continued success during the current pandemic;...
Yesterday LendIt Fintech recently hosted a webinar called “How Increased Engagement Will Impact Fintechs and Digital Banks”; panelists included Colin...
Fast Company looks forward to 2017 after a rough 2016 for fintechs; highlighted in their five fintechs to watch in 2017 is real estate technology firm Cadre which has closed more than $500 million in inventory; wealth management company Stash also made the top five; the company has gathered over 300,000 users and recently raised $25 million from a Series B funding round; Cross River Bank, a community bank which has close ties to the marketplace lending industry, also made the list; the company provides a banking infrastructure to many fintech firms and recently raised $28 million in new capital. Source
The wealth management industry has gone through a host of changes in recent years and now fractional share trading has...
In this conversation, we talk with Brian Barnes of M1 Finance, about finance “super apps”, the cost-efficiencies of robo-advisors, fractionalized share trading, and tackling the titans of the Wealth Management industry. We also discuss the nuts and bolts of the financial infrastructure making this possible.
M1 Finance bundles together roboadvisory, neobanking and lending into a single “super app”, allowing for combined pricing power (i.e., charging nothing on asset allocation). The firm currently has $3 billion in AUM, a growth of 50% in the past four months and tripling their total in just over a year. Notably, the company has its own broker/dealer and offers fractional shares, and partners with Lincoln Savings bank on the deposit accounts. That makes for a compelling business model from securities lending, interchange, and order flow.
The CEO of Stash discusses how everyday Americans can create a better financial life through unique tools that make investing easy and affordable