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| Patient sues doctors for surgical errors
Patient sues doctors for surgical errors
On Behalf of Young Conaway Stargatt & Taylor LLP | Jul 27, 2016 | Surgical Errors
A July 5 filing in a U.S. District Court alleges that two doctors may have botched an eye surgery, according to sources. A woman has filed a medical malpractice suit against the doctors and the United States, via the U.S. Department of Veterans Affairs, for surgical errors she says has caused permanent damage to her eyesight. Delaware residents should be aware that the case is still under review and no final decision has been reached.
According to the July 5 filing, the woman says the two doctors deviated from applicable standards of care back on May 28, 2015, when the woman came to them for a popular LASIK eye surgery. She says the doctors did not appropriately sedate her for the procedure, and when her pain responses became evident, they negligently aborted the entire procedure. The extent of the damage she may have incurred from this decision was not made clear in the report.
However, it has been confirmed that she is seeking damages in excess of $75,000 for the ordeal. She is now seeking a trial by jury and an award that would cover all damages, as well as attorney fees, court costs and any other relief decided upon by the court. She has retained counsel in her home state, and the case is set to begin soon.
In medical malpractice cases involving surgical errors, the outcome of the errors can have irreparable effects on the plaintiff's life. Delaware residents are sure to understand that damage to a person's eyesight can affect their ability to work and live normally. This is why it is so important to seek counsel in handling medical malpractice suits in the hopes of seeing justice served.
Source: louisianarecord.com, "Lafayette Parish patient blames doctors for eye injuries", July 20, 2016


HOUSTON, TX--(Marketwired - Oct 14, 2013) - Universal Weather and Aviation, Inc. is recommending that business aviation operators planning to fly into Abu Dhabi, UAE during the 2013 Abu Dhabi Eithad Airways Formula One Grand Prix -- and seeking preferred access to aircraft parking, hotel accommodations and related trip support services -- should begin planning immediately. The race will take place Nov. 1-3, 2013 at the Yas Marina Circuit, and a heavy influx of business aviation traffic is expected.
The primary airport to consider for this event is Al Bateen Executive International Airport (OMAD), in Abu Dhabi. OMAD is about 25 minutes from the racetrack, is available 24/7 and can handle aircraft up to a Boeing 737 or an Airbus A321. Two alternative airports to consider are Abu Dhabi International (OMAA) at 20 minutes from the track and Al Ain International (OMAL) at about 1.5 hours from the circuit. All of these are airports of entry (AOEs).
"Business aviation operators, including private non-revenue and charter (non-scheduled commercial) need landing permits when operating to UAE," explained Greg Linton, Master Trip Owner, Universal®. "Landing permits should be requested a minimum of four business days in advance and have validity of +72 hours. Each UAE landing permit must be requested directly with each authority of the emirate in which the landing takes place. Depending upon the emirate, different documents may be required. For operations to OMAD, OMAA, and OMAL, permits will be requested through the Abu Dhabi emirate, and only an airworthiness certificate is needed to make the request."
Linton said that operators traveling to the UAE need to carry specific aircraft liability insurance. Coverage amounts must be given in special drawing rights (SDRs). "Operators should be aware that required coverage amounts will depend on aircraft maximum takeoff weight (MTOW). There are also minimum insurance liabilities needed for passengers, cargo, and baggage. Additional considerations are restrictions for aircraft arriving from Afghanistan and that flights to and from Israel are not permitted."
Many good hotel options, including popular international hotel chains, are available in the Abu Dhabi, said Linton.
"Abu Dhabi has many large international hotel chains, but room availability is going fast, so it's best to book your room as soon your schedule is known," said Linton. "Fewer options, however, are available in OMAL. I recommend avoiding rental cars if you're unfamiliar with the area and be aware there may be possible road closures surrounding this event."
For more information on operating to Abu Dhabi during UAE Grand Prix, as well as other business aviation operational information, visit www.universalweather.com/blog.
You have a simple mandate: make every trip successful -- no matter what. And your job isn't getting any easier. You have to manage stakeholders' expectations, stay on top of regulatory changes, be prepared for when the unexpected happens -- and do all of this with fewer resources. By working with Universal Weather and Aviation, Inc., you have the ability to set pre-trip expectations, understand and anticipate regulatory changes, and access to a global community that can adapt and execute when trouble strikes. Keep the guarantees you make to your organization by relying on Universal's complete trip management services -- customized trip support, aviation fuel management through UVair®, worldwide ground support from Universal Aviationsm, online flight planning, aviation safety management system services, data link, flight scheduling software, and much more.


Initially, when Marvel's Cloak & Dagger began I was on the fence despite the promising premise and plot. But as the season goes on, it has become more and more addictive and now I'm fully on board with the show.
This week is actually quite devastating in ways as well as redemptive. It's been eight years since the Roxxon explosion that took Tandy's dad's life, and the same night that Ty's brother met his end, courtesy of Connors. The title of the episode, aptly named "Ghost Stories" is truly what this episode is about. The ghosts of the past, the ghosts of the present, and to some extent, the haunting future that is uncertain.
The episode kicks off with Detective O'Reilly and Officer Fuchs having breakfast together. Side note: They are super adorable as a couple and seeing him make "girlfriend pancakes" for her is so precious. It's even more exciting when Fuchs decides to help O'Reilly take down Connors for the sleazeball he is, which is wonderful because she's next to zero help with all of this, besides Ty.
Tandy goes to visit Ivan who is still at the facility, but she runs into Peter Scarborough who seems to be leaving from a visit with Ivan. Of course, with Ivan awake, Roxxon needs to cover their bases and make sure he doesn't spill the beans about anything he might have seen, and thus Scarborough needed to speak with him.
Tandy pushes Ivan to remember anything about her dad or the shadiness of Roxxon from that night, and he confesses he knew they were cutting corners and that something bad was about to go down. Ivan remembers that Nathan left a memo behind with information that could help Tandy, and with nothing to lose, she's determined to get it.
Tandy and her mother have a sweet moment of bonding as they talk about visiting her father's memorial, which Tandy promises to attend this year. Her mom seems to be doing great, and seeing their bond strengthen is a great part of the story in this episode.
And while Tandy and her mom are embracing the death anniversary of Nathan, things at Ty's home aren't exactly the same. They aren't really talking about it which puts Ty in a tough place until Tandy shows up to see how he is doing. With each passing episode, the connection between Ty and Tandy is growing stronger and it's nice to see the two connect at the moment she comes to his house, and invites him to join her and her mother later at the memorial.
However, Tandy had ulterior motives for visiting Ty's house–snatching his mom's Roxxon ID so she could break in and get to the safe that her father hid the memo in. Meanwhile, Ty, O'Reilly, and Fuchs make a plan to take down Connors and catch him once and for all by getting him to confess to killing Billy all those years ago. Ty even reveals his cloak powers to the both of them and comes up with a plan to haunt Connors until he freaks out enough and spills the beans. The mission is a success as Ty scares Connors to the umpteenth degree.
Tandy also finds success in locating the memo but runs into Scarborough and decides to interrogate him–because why not. He offers her money for the memo and to make all this go away, but naturally, she resists because it would tarnish Nathan's name. Tandy and Ty meet Tandy's mom at the memorial to commemorate the deaths of Nathan and Billy but something weird happens.
Just as Ty asks if they are sure they want to give up the money, Tandy and Ty are transported into the realm they both often share and into a memory that Tandy's mom has with Nathan. Tandy witnesses her father slapping her mother, and suddenly she sees her mom in a whole different light. This pushes Tandy to call Peter the next day and accept the offer of money–sigh, what a mess.
Remember how cute O'Reilly and Fuchs were at the beginning of the episode? Well, that love story came to a screeching halt when she returns home to find him dead inside of the fridge.
What an episode, right? It definitely had a New Orleans vibe to it and all the characters are left with some heavy decisions to make. How will Ty move forward with Connors in jail (who hopefully actually stays there) and how will Tandy cope with the truth she has just learned about her father? And also, who the hell killed Fuchs?! Marvel's Cloak & Dagger, you are killing us–and we sort of love it.


MoBerries works with over 300+ digital companies, Venture Capital funds and DAX companies in Germany. Our AI matches profiles based on skills and experience in real-time, giving MoBerries candidates the chance to grab the best career opportunities and get hired fast.
-Expert knowledge of storage systems such as PostgreSQL, Elasticsearch, MongoDB etc.


The promotion of the tourists' attractions is not left out in Cherkasy. The first forum "Tourist movement of Cherkasy region" took place in Chyhyryn in June. The idea of the forum was to unite the leading figures of the Cherkasy region tourism sector for synergetic development of the tourism industry. 90 people took part in the forum, although it was planned to be more participants. Some interesting initiatives concerning this sphere were presented in the forum. Of course, there was an "Image Mapping" project among them, which was presented by Yaroslav Herashchenko. So, the participants of the forum had a chance to get to know more about the concept of the project, which aims to develop green tourism in picturesque Ukraine.
«Image Mapping» is a working methodology that can be replicated onto many other interesting and active communities. That is why we address all interested parties to join our project concept and help to discover the unique authenticity of our land!
3) Donating resources for enabling us carry on with the activities of the project concept, replicating On-Site Actions and thus reaching the 4 aims stated above.
If you are interested – please, get in touch with us by CONTACTS.
Design and production of the route of "Alive pictures" in small communities that introduce and focus tourists attention on interesting and important places.


text:
from __future__ import absolute_import
from __future__ import division
from __future__ import print_function
import numpy as np
import torch
import torch.nn as nn
import torch.nn.functional as F
from torch.autograd import Variable

from utils.init_weights import init_weights, normalized_columns_initializer
from core.model import Model

class EmptyModel(Model):
    def __init__(self, args):
        super(EmptyModel, self).__init__(args)

        self._reset()

    def _init_weights(self):
        pass

    def print_model(self):
        self.logger.warning("<-----------------------------------> Model")
        self.logger.warning(self)

    def _reset(self):           # NOTE: should be called at each child's __init__
        self._init_weights()
        self.type(self.dtype)   # put on gpu if possible
        self.print_model()

    def forward(self, input):
        pass

redpajama_set_name: RedPajamaGithub


text:
ResourcesBlog
On the Cutting Edge – Without Electricity or Internet
June 5, 2018 Sexual Violence, Democratic Republic of Congo
MediCapt's step-by-step interface ensures that clinicians document all critical information when evaluating survivors of sexual violence. Photo: Adriane Ohanessian for Physicians for Human Rights.
PHR's award-winning mobile app MediCapt enables doctors, clinical officers, and nurses to collect, store, and securely share forensic medical evidence in cases of sexual violence. The app has already been field-tested in the Democratic Republic of the Congo, and earlier this year PHR's Program on Sexual Violence in Conflict Zones launched MediCapt in Kenya. PHR teamed up with New York-based Main Street Computing to create the app, which it presented at RightsCon in Toronto in May. CEO Kevin Chugh talks about MediCapt's unique requirements, innovative technology, and next challenges.
MediCapt's most innovative aspect is that it allows secure, private evidence uptake without internet or wired electricity – including for printing – and this is the first app of its kind to enable this.
PHR partner Dr. Nadine Neema Rukunghu of the DRC's Panzi Hospital and PHR consultant Georges Kuzma test MediCapt's secure capture feature for forensic photography.
The fact that there's no internet in many settings in which MediCapt is used, coupled with concerns about patient privacy, required us to find innovative solutions to the myriad problems we faced. We had to work through unique encryption and printing challenges, and we had a lot of conversations with engineers at many companies, and hit many dead ends, because the mainstream use case – Google Cloud Print, for example – wouldn't work for us because of privacy and evidence chain of custody issues.
Kenyan health professionals learning to use MediCapt at a PHR training.
We discovered very early on that printing has enormous value in the environment we're operating in. It's important for patients to have paper versions of their medical documents, but the local population does not necessarily have access to smartphones or use technology in their daily lives. So, being able to render high-quality medical certificate printouts, and print them in the field without internet or power, was definitely exciting when we finally figured out a way to get it to work.
From left: PHR's Karen Naimer, director of the Program on Sexual Violence in Conflict Zones, and Tina Alai, head of office, Kenya, MediCapt developer Kevin Chugh of Main Street Computing, and PHR medical expert Ranit Mishori,MD presented on MediCapt at RightsCon 2018.
The next big technology hurdle is finding a secure way to share that highly sensitive medical information with police, courts, and other authorities. There are workflow challenges – meaning who should have access to what information – policy challenges, and technical challenges, and they're all intertwined, so that's the next big thing we're going to be working on.
Five Evidence-based Approaches that Deliver Results for Survivors of Conflict-Related Sexual Violence and the Clinicians Who Support Them
MediCapt
PHR's mobile app MediCapt puts cutting edge technology in the service of preventing sexual violence.
Government of Kenya Must Avoid Repeat of History and Prevent Electoral Violence: PHR

redpajama_set_name: RedPajamaCommonCrawl


Get out that shirt, put on your bowling shoes and get ready to roll with 10th FRAME! This simulation gives you the look of real bowling through outstanding graphics and true perspective view. With multiple levels of play, realistic pin action and automatic scoring, 10th FRAME is a bowling experience the whole family can enjoy.


We had a small stock of uneven pallet planks when came this brilliant idea to turn them all into ravishing and chic DIY pallet bench. This thought was tremendous when we achieved the enjoyable bench through it by going random with dimensions. We have just made a great enchanting and alluring addition to our garden sitting plan with this 2 seated charming furniture delight.
You can try this effortless makeover at home, as a solution for desperate home sitting needs. You will receive some pleasurable mind jolts when you analyze the budget to it. You are getting it almost free of cost through reclaiming and well thought recycling of old, rustic, and aged pallet wood.
We have added supporting nails and glue to this pallet skeleton in order to hold the whole setup firmed and fixed. The glue to wood has always been a great choice for last longing and long living stability.
The whole of the planks which are specified to make the back slats of the bench, have been gone through a complete and neat hand sanding and staining for flattering and endearing wood glow. The sanding has been done with medium grit sand paper to make it pure handmade and handcrafted.
Now the whole prepared structured pattern is just a one step away to targeted purpose, which is to place it in your backyard, lobby, garden or any outdoor location of your home surroundings.


text:
Image Credit: The News Minute
Photo Of Proud Father On Duty 'Saluting' His DSP Daughter Goes Viral
Writer: Ankita Singh
Ankita Singh
A literature lover who likes delving deeper into a wide range of societal issues and expresses her opinions about the same. Keeps looking for best-read recommendations while enjoying her coffee and tea.
See article by Ankita Singh
Andhra Pradesh, 4 Jan 2021 2:35 PM GMT | Updated 2021-01-04T21:03:39+05:30check update history
Editor : Rakshitha R |
Rakshitha R
Rakshitha an engineer turned passionate journalist with an inclination for poetry, creative writing, movies, fiction, mountains and seclusion. Not a part of the social process but existential.
See article by Rakshitha R
Creatives : Rajathi Suthakar
Rajathi Suthakar
See article by Rajathi Suthakar
The humble Guntur DSP, Yendluru Jessy Prasanthi said that she felt uncomfortable noticing her father salute her. "This is the first time that we met on duty. I wasn't very comfortable with him saluting me, after all, he's my father," she said.
When Circle Inspector Y Shyam Sundar saluted his daughter Deputy Superintendent of Police Yendluru Jessy Prasanthi, in Tirupati, Andhra Pradesh on Sunday, tears rolled down the eyes of not only the two but also the crowd that saw them.
The incident was a heart-warming display of pride of a father for his daughter. Both of them were in Tirupati for the Andhra Pradesh State Police Duty Meet called 'Ignite'. The meet is being held from Jan 4 to 7.
The humble Guntur DSP said that she felt uncomfortable noticing her father salute her. "This is the first time that we met on duty. I wasn't very comfortable with him saluting me, after all, he's my father. I asked him not to salute me, but it happened. I also returned the salute," she said.
Hailing from 2018 batch, Jessy met her father face-to-face for the first time on duty since she became a part of the department.
"My father is my major inspiration. I've grown up seeing him serve the people relentlessly. He has helped many people in whatever way he could. That's what made me choose this department. I have a very positive outlook towards the department," the DSP said as reported by The News Minute.
A situation on similar lines was seen in 2018, in Telugu state, where AR Uma Maheshwara Sarma, former Deputy Commissioner of Police saluted Sindhu Sarma, his daughter. Sindhu, a 2014 batch IPS officer, was posted as SP in Jagtial district, Telangana. The father-daughter duo came face-to-face during a meeting conducted by TRS in outskirts of Hyderabad. The photo of this touching moment went viral back then.
Also Read: Andhra Pradesh: Tenali Family Spent Rs 2 Crore To Feed 6 Lakh People For 120 Days During Lockdown
Writer : Ankita Singh
Editor : Rakshitha R


text:
Category: Money 20/20
Thursday November 7 2019, Weekly News Digest
News Comments Today's main news: Prosper launches HELOCs with BBVA. LendingClub beats profit estimates. Pennsylvania fines SoFi subsidiary $110,000. Kabbage partners with GoDaddy. Zopa makes banking debut. RateSetter rolls out investor self-certification. Today's main analysis: LendingClub Q3 earnings. International P2P lending volumes. Today's thought-provoking articles: The hot stuff at Money 2020. China's slowing economy. International […]
The post Thursday November 7 2019, Weekly News Digest appeared first on Lending Times.
Today's main news: Prosper launches HELOCs with BBVA. LendingClub beats profit estimates. Pennsylvania fines SoFi subsidiary $110,000. Kabbage partners with GoDaddy. Zopa makes banking debut. RateSetter rolls out investor self-certification.
Today's main analysis: LendingClub Q3 earnings. International P2P lending volumes.
Today's thought-provoking articles: The hot stuff at Money 2020. China's slowing economy. International P2P lending volumes. Preview of LendIt Fintech's Latin American conference. LendIt Fintech Europe 2019 slide presentations.
Prosper launches HELOCs with BBVA. This is one of the more prominent bank-fintech partnerships we've seen to date. It looks like a bow over the stern of Figure.
LendingClub beats profit estimates. It looks like higher fees is paying off.
LendingClub's Q3 2019 earnings results review. An analysis from Lend Academy.
Pennsylvania fines SoFi subsidiary $110,000. There seems to be more to this story. I can't imagine a company like SoFi voluntarily missing a deadline like this.
Money 2020 highlights. Interesting insights from PeerIQ.
Kabbage, GoDaddy partner on providing capital to SMBs. This is an interesting partnership, and it should be a boon to Kabbage's already thriving business. Partnerships, the right partnerships, have a way of propelling a business forward and Kabbage understands this.
SoFi vs. Prosper.
Ron Suber talks about digital banking.
CrowdStreet raises $12 million from its own customers.
CrowdStreet hires three executives.
Inside Affirm's ID verification and fraud prevention techniques.
Max Levchin backs digital banking startup HMBradley.
HMBradley launches challenger bank in Los Angeles.
Building a challenger bank that challenges traditional banking.
How Goldman Sachs plans to boost reputation with Marcus.
OCC Fintech Charter is down but not out.
Delays in fintech charter will impact competitive situation.
Crypto APIs launches Trading APIs to facilitate crypto lending.
Brex, Bank of the West team up on co-branded credit card.
Washington flexes its muscles on small business lending.
The U.S. is a top location for fintech events.
Legitimate shoppers outpace fraud growth.
Elevate Credit to attend the Stephens 2019 investment conference.
Michigan AG sues online tribal lender.
Zopa makes banking debut.
RateSetter begins rollout of investor self-certification.
iwoca hits 1 billion GBP lending milestone.
China's economy is slowing. I can't help but think a part of this is due to the crackdown on P2P lending, but there are other factors–such as the U.S. trade war. Will the economy go so low it crashes?
China to transform remaining P2P platforms.
China warned to avoid P2P lending mistakes with blockchain.
Chinese fintechs want to do a Xiaomi in lending.
Asset management arbitration cases.
International P2P lending volumes for October 2019.
Europe: LendIt Fintech Europe 2019 slide presentations.
Latin America: Preview of LendIt Fintech's Latin American inauguration.
China: Beijing may cull a U.S. unicorn stampede.
Europe: Klarna's buy now, pay later option.
Vietnam: Validus expanding into Vietnam.
South Korea: PeopleFund is shaking up P2P lending.
Latin America: Temenos' report tags financial inclusion as top priority for bankers.
Vietnam: Keep an eye on fintech.
Indonesia: Fintechs help banks broaden customer base.
Europe: Klarna to be down for maintenance.
Prosper Officially Launches HELOCs with First Bank Partner BBVA (Lend Academy), Rated: AAA
LendingClub beats profit estimates on higher fees, loans (Reuters), Rated: AAA
LendingClub Q3 2019 Earnings Results Review (Lend Academy), Rated: AAA
Pennsylvania regulators hit SoFi with enforcement action (American Banker), Rated: AAA
SoFi vs. Prosper: Which Personal Loan Lender Is Right for You? (credible), Rated: A
Money 2020 Highlights, Jobs Report, Markets Doubt Fed (PeerIQ), Rated: AAA
Kabbage partners with GoDaddy to offer capital to entrepreneurs and SMBs (Tearsheet), Rated: AAA
Ron Suber Shares Perspective on Fintech (Crowdfund Insider), Rated: A
Real estate crowdfunding startup CrowdStreet turns to its customers to raise $ 12M round (GeekWire), Rated: A
CrowdStreet lands $ 12M in financing, hires execs (The Real Deal), Rated: B
Inside Affirm's ID Verification And Fraud Prevention Techniques (PYMNTS), Rated: A
Max Levchin backs digital banking startup built to reward savers (Finextra), Rated: A
LA is fast becoming a fintech hub as HMBradley launches another West Coast challenger bank (TechCrunch), Rated: B
Building A Challenger Bank That Actually Challenges Traditional Banking (PYMNTS), Rated: A
How Goldman Sachs plans to boost its reputation with online bank Marcus (Yahoo! Finance), Rated: A
The OCC Fintech Charter Is Down, but Maybe Not Out (Lexology), Rated: A
Troubled Fintech Charter: How More Delays Impact Competitive Situation (The Financial Brand), Rated: A
Crypto APIs Launches Trading APIs, Allowing Users to Leverage Multiple Crypto Exchange Accounts (Cryptovest), Rated: A
Brex And Bank Of The West Team On Co-Branded Credit Card (Forbes), Rated: A
Washington flexes its muscles on small-business lending (American Banker), Rated: A
USA Continues to be a Top Location for Fintech Events (Fintech News), Rated: A
Legitimate Shoppers Take Advantage of Deals, Outpacing Seasonal Growth in Fraudsters (Riskified Email), Rated: A
Elevate Credit to Attend the Stephens 2019 Investment Conference (BusinessWire), Rated: B
Michigan AG sues online tribal lender (Lexology), Rated: B
Peer-to-peer lender Zopa makes banking debut as pressure mounts (City A.M.), Rated: AAA
RateSetter begins roll-out of investor self-certification (P2P Finance News), Rated: AAA
iwoca hits £1bn lending milestone as headcount soars (AltFi), Rated: A
China has a steady hand on its slowing economy, but can it prevent a crash landing? (SCMP), Rated: AAA
China to Transform Remaining P2P Platforms (Finews.Asia), Rated: A
China warned to avoid P2P lending mistakes in blockchain push (Tech in Asia), Rated: A
Chinese fintech players want to do a Xiaomi in lending. Caution: regulatory glare ahead (India Times), Rated: A
Asset management arbitration cases in China (Vantage Asia), Rated: A
Marks & Spencer Buy Now, Pay Later Option (The National Law Review), Rated: AAA
Upcoming maintenance affecting ability to view orders (Klarna), Rated: A
LendIt Fintech Europe 2019 Slide Presentations Now Live (LendIt), Rated: AAA
Beijing may cull a stateside unicorn stampede (Reuters), Rated: AAA
International P2P Lending Volumes October 2019 (P2P-Banking), Rated: AAA
P2P lending platform Validus expands into Vietnam (Business Times), Rated: AAA
How South Korea's PeopleFund Is Shaking Up P2P Lending (Yahoo! Finance), Rated: A
Vietnam's IT Sector: 5 Industries to Watch (Vietnam Briefing), Rated: A
Fintech help banks broaden customer base (The Jakarta Post), Rated: A
Preview of LendIt Fintech's inaugural LatAm conference (LendIt), Rated: AAA
Temenos' report tags financial inclusion as LatAm bankers' priority (IBS Intelligence), Rated: A
It was last November when we first heard that Prosper had plans to expand their offerings from personal loans into HELOCs. In 2018 David Kimball noted that they would be partnering with banks on the new product and loans would be available both directly through Prosper.com and also as a white-labeled offering. Now we know their first bank partner is BBVA.
Online lending pioneer LendingClub Corp (LC.N) beat analysts' estimates for third-quarter profit on Tuesday and forecast current-quarter largely above estimates, sending its shares up 4% in after-hours trading.
Transaction fees jumped 17% at the company, which helps connect customers looking for loans to individuals or institutional investors, such as banks, through its online marketplace.
Loan originations soared 16% to $3.35 billion in the third quarter, with total revenue rising 11% to $204.9 million.
Revenue also topped records at $204.9 million, up 11% year over year. Losses narrowed to a GAAP net loss of just $400,000 compared to the prior year period where they lost $22.8 million. Adjusted net income came in at $8 million, up from a loss of $7.3 million in the prior year period.
Source: Lending Club
A subsidiary of Social Finance Inc. has agreed to pay a $110,000 fine in Pennsylvania after operating as a mortgage servicer for nearly a year without the required state licensing.
SoFi Lending Corp. is one of several mortgage companies that has been hit recently with enforcement actions in Pennsylvania after a change in state law in December 2017.
The new law required mortgage servicers that were operating in Pennsylvania to be licensed. Companies had until June 30, 2018, to apply without being penalized for unlicensed activity.
SoFi and Prosper are two companies that offer personal loans with competitive interest rates and no prepayment penalties. However, there are some major differences between the companies that could affect your decision on which one to choose.
What's Hot and What's Not at Money 2020?
Attendance was at record levels. Here's our view on the areas attracting the most attention at Money 2020:
Lending-as-a-Service: lenders that enable non-banks, banks and credit unions originate loans (e.g., loan origination software, digital experience, bank workflow software, etc.). Examples: Better, nCino, Happy Money (backed by CUNA Mutual), Alchemy, Splash Financial, Blend, Roostify
International Lending: Non-banks expanding access to credit, particularly in the LatAm markets. Examples: CrediJusto (Mexico SME), Addi (Colombia POS), Nova Credit
Underwriting infrastructure: Reducing OPEX or fraud risk thru automation. Examples: Ocrolus, Feedzai
The healthy Friday jobs report supports the 'wait and see' Fed view (although it is a backward looking indicator). The report indicated growth in employment of 128K in October and a tick-up in unemployment to 3.6%.
Source: WSJ, Labor Department, PeerIQ
The partnership: Kabbage's online lending platform is now available to GoDaddy's U.S. customers to access a business line of credit in minutes.
Customers can access flexible lines of credit of up to $250,000 in minutes after filling out a short application.
Existing GoDaddy customers can get $100 off their first month's fees
"We know that a lack of capital for marketing and other core activities remains a major roadblock to accelerate growth. Our partnership with Kabbage is key in our ongoing mission to empower our customers and provide them with the resources they need to fuel their business needs," said Melissa Schneider, GoDaddy's vice president of global marketing operations.
Ron Suber is one of the better-known names in the Fintech sector. Originally, Suber's role as the President of the marketplace lending platform Prosper Marketplace brought Suber's name to prominence as the Fintech emerged as an early leader in the US online lending market. Since departing Prosper's management team several years ago, Suber has been associated with multiple Fintech's as an investor, advisor or, perhaps, a board member. Today, Suber has invested in more than a dozen Fintech companies
CrowdStreet, a Portland-based commercial real estate crowdfunding startup, has raised a big new funding round, with a twist. Instead of relying solely on venture capital investors, the startup turned to its own community of real estate investors and developers to raise the bulk of the money for its Series C round.
The result: CrowdStreet this morning announced it has raised $12 million, primarily from the users of its platform, bringing lifetime funding to $25 million.
Robert Stiles, former chief financial officer at LendingHome, joined as CFO/COO. Londa Quisling was named chief technology officer, after serving as chief product officer at Treehouse. And John Havens, previously of BNY Mellon, joined as vice president of capital markets.
Many consumers do not have funds readily on hand to make big purchases like electronics or furniture and prefer turning to instant loan apps like Affirm, a point-of-sale installment lender established in 2013, rather than going into debt with a bank or credit card provider. Customers may feel thankful to be able to pay off a purchase over a year, but not at the cost of losing their identities to fraudsters or scammers.
A new digital banking platform promising to help reward people for positive financial behaviour has closed a $3.5 million seed round led by Accomplice Ventures and Walkabout Ventures nd joined by PayPal founder Max Levchin's startup studio.
According to Moody Analytics, an average person under the age of 35 saves -1.8% of their income. HMBradley is promising to tackle this by increasing awareness and rewarding people for saving more.
Add HMBradley to the list of Los Angeles-based startups looking to shake up the world of high finance typically dominated by East Coast giants with names like JPMorgan Chase, Citigroup, Morgan Stanley and Goldman Sachs.
Minus the CEOs at the top-10 largest banks in the U.S., whose main concern is probably figuring how to deal with their trillions of dollars' worth of assets, nearly the entirety of bank CEOs outside that tier have one primary concern, according to Bruhnke: How do they grow deposits? Meanwhile, he noted, bank customers also have a singular desire: How do they make the most money on the funds they have deposited?
Goldman Sachs' upstart digital consumer bank, Marcus by Goldman Sachs, will help boost the reputation of its parent company, one of its leaders told Yahoo Finance recently.
The Office of the Comptroller of the Currency (OCC) recently faced another setback in its attempt to issue a special purpose national bank charter tailored to fintech companies (fintech charter). A federal district court in New York held that the OCC does not have the authority to grant charters to companies that do not accept deposits. The ruling is a blow to the OCC's efforts to provide new avenues for innovation in financial services. The fintech charter would allow fintech companies, which do not accept deposits like traditional banks, to benefit from the same preemption of state laws and licensing requirements as national banks.
The other is Varo, which initially considered going for an OCC special purpose charter but then decided to apply for a full-service charter. Varo has preliminary approval from OCC and awaits approval of its FDIC deposit insurance application. Below, we look at how Lending Club, the online marketplace consumer loan platform, is exploring chartering options.
The Trading APIs service provides one Unified API that has integrated multiple crypto exchanges. Thus, users will now be able to link multiple exchange accounts to their profile, collect data and execute their portfolio management trades from a single point.
Crypto APIs is used by thousands of developers to create products like Crypto exchanges, Crypto wallets, Trading bots, Crypto PSP, Arbitrage solutions, Crypto Lending solutions and many more.
Brex, the fintech credit card startup, is teaming up with Bank of the West, the subsidiary of BNP Paribas, to roll out a co-branded credit card. It marks the first co-branded credit card to come out of Brex which caters to startups and entrepreneurs.
In one instance, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency angered borrower advocates by siding in court with a high-cost business lender. In the other, the Consumer Financial Protection Bureau signaled its intention to move forward with a small-business lending rule that has languished for nine years amid sharp disagreements over its proper scope.
On the global fintech scene, the US has been amongst the top leaders, accounting for 57% of the fintech market in 2018, according to a Mordor Intelligence research.
Fintech continues its momentum this year, with investment in US fintech companies surging to US$12.7 billion in the first half of 2019. That represents a 60% increase in value of deals and signals a trend of larger deals in already the world's biggest and most active fintech market, according to data from Accenture.
A new report from "
Elevate Credit, Inc. (NYSE: ELVT) today announced that its Interim Chief Executive Officer, Jason Harvison, and Chief Financial Officer, Chris Lutes, will attend the Stephens 2019 Nashville Investment Conference on November 14th at the Omni Nashville Hotel. Mr. Harvison and Mr. Lutes will be available for 1×1 meetings with investors.
On October 31, the Michigan attorney general announced it filed a lawsuit against an online lender alleging the lender violated the CFPA and Michigan…
Zopa, one of the UK's three largest names in peer-to-peer lending, is to launch its first foray into banking after receiving partial authorisation last year.
RATESETTER has begun asking its customers to confirm their investor status ahead of the Financial Conduct Authority's (FCA) new marketing and disclosure rules that come into effect on 9 December.
UK business lender nearly doubled its lending last year to £330m, helping the startup announce it has now reached a cumulative lending milestone of over £1bn.
The news comes as iwoca's headcount has jumped 50% in the last 12 months, boosted further by the £10m BCR grant which the company secured in August to further expand its customer base.
Year-on-year growth has fallen by 0.2 percentage points per quarter this year, from 6.4 per cent in the first quarter to 6.2 per cent in the second quarter and to 6 per cent in the most recent quarter.
Recent data showed that the number of online P2P platforms plummeted to just 427 – a 59 percent drop compared to 2018-end. The total outstanding loan value and the number of borrowers also dropped correspondingly by 49 percent and 55 percent, respectively.
China is making rapid inroads towards reducing peer-to-peer lending risk to meet the 2020 target deadline but expects to keep alive the few remaining with strong fintech expertise and shareholder support.
China has been warned to avoid the same mistakes with blockchain that it made with its peer-to-peer lending, as the government vowed a "thorough revamping" of the controversial lending platforms as part of a continuing battle against financial risk amid the domestic economic slowdown and the trade war with the US.
From adopting unique business models to routing investments through Singapore, Chinese lenders are trying every trick in the book to win the Indian fintech-lending space. But getting money to India, deploying it, and dealing with stringent KYC norms is easier said than done.
The wave of closures of P2P platforms in China in the summer of 2018 garnered national attention. The latest blacklist for P2P lending published by "P2PEYE.COM" ( shows that as of the end of March 2019, the number of problematic P2P platforms reached 5,388.
Klarna, a popular BNPL provider used by over 4,000 UK retailers, offers three types of BNPL service:
delayed payment up to 30 days after purchase. This incurs no interest or fees, providing the payment is made within the timeframe.
instalment options whereby the purchaser can pay in three equal, interest-free payments every 30 days.
flexible financing, which spreads the cost of larger purchases into manageable monthly payments. The term for this repayment option ranges from six to 36 months.
On Wednesday 6th November at 05:00 CEST, we will perform an important technical maintenance which will prevent customers from seeing some order details within the Klarna app for a short time. We expect this maintenance to take approximately 15 minutes, after which time full details of orders will become accessible again.
Below, you can find the presentations from keynote speakers at the event, as well as the different track presentations.
Lending Innovations
The Evolution of New and Alternative Data Sources – Sam Coe, Experian
Thomas Bull – Auditorium – Tom Bull, Ernest & Young
More presentations here.
Chinese firms have raised just $3 billion from American exchanges so far this year, less than a third of the 2018 total. In the last week of October, however, half a dozen companies filed for initial public offerings in New York, bringing the total backlog of Chinese floats to 24, according to data from Refinitiv. Rising trade uncertainties, tougher listing requirements on the NASDAQ and an upcoming U.S. presidential election have sparked fears that 2020 may prove even more volatile for debutants.
Mintos leads ahead of Zopa and Ratesetter. The total volume for the reported marketplaces in the table adds up to 703 million Euro.
Milestones in cumulative volume lent crossed this month:
Ablrate: 50M GBP
Crowdproperty: 50M GBP
Grupeer: 50M EUR
SMEs make up 97 per cent of Vietnam's enterprises, but only account for 22 per cent of total bank lending. To meet a US$21 billion SME financing gap in the country, Validus Vietnam will partner corporates to provide SME growth financing to their vendors and subcontractors.
Joey Kim, chief executive officer at PeopleFund, discusses what his company does, the growth drivers for his company, his latest funding round, P2P lending in South Korea, regulation, the possibility of consolidation in the industry and how the Korean economic headwinds are impacting his business. He speaks exclusively on "Bloomberg Daybreak: Asia."
Vietnam's fintech industry is expected to reach US$7.8 billion in revenue by 2020. A rising middle class, growing internet usage, and a young population present a great combination for the fintech sector to thrive. An estimated 120 companies and brands cover a wide range of services, from digital payments to wealth management and blockchain.
Instead of competing against each other, banks and financial technology (fintech) companies are joining hands and combining their resources to tap into the country's growing financial services market.In an effort to keep up-to-date with recent technology and stay relevant amid the latest changes in financial services, many banks have signed partnership deals or bought into nimble start-ups as an alternative to building costly technology projects.For the banks, the logic behind a partnership with fintech companies is simple: It gives them the opportunity to reach a wider customer base, unlock their technological capabilities without having to buy one of their own and penetrate the country's unbanked population — all without having to spend too much money."We are partnering with 12 fintech companies from peer-to-peer [P2P] lending and payment apps to SME [small, middle, enterprise]…
Temenos has concluded the LatAm results for its annual retail banking survey, conducted by the Economist Intelligence Unit (EIU). The survey titled 'A whole new world: How technology is driving the evolution of intelligent banking in Latin America' stated that 35% of retail bankers prioritize investments in digital technologies along with cost-cutting or margin improvement for furthering their financial inclusion goal.
Author Allen TaylorPosted on November 7, 2019 Categories affirm, asset management, Banks, BBVA, Blockchain, Brex, Challenger Banks, China, Credit Cards, CrowdStreet, crypto lending, Daily News Digest, digital banking, elevate credit, Featured, financial inclusion, fintech, fraud, Goldman Sachs, HELOC, HMBradley, ID verification, iwoca, kabbage, Klarna, lendingclub, LendIt Fintech, LendIt Fintech Europe, LendIt Fintech LatAm, Marcus, Max Levchin, Money 20/20, News, OCC Fintech Charter, online lenders, p2p china, p2p lending, PeopleFund, prosper, RateSetter, real estate crowdfunding, Ron Suber, small business lending, SMB funding, SoFi, South Korea, Temenos, tribal lenders, Validus, Vietnam, Xiaomi, Zopa
What Happened at the Money 20/20 2018 Conference in Las Vegas?
Its a good thing that everything that happens in Vegas doesn't stay in Vegas, which is where the Seventh Annual Money20/20 Conference took place on October 19-21, 2018. With the goal to "fearlessly take on the mission of creating a simpler, fairer, faster and more inclusive financial system for individuals, businesses, and society as a whole," the three-and-a-half […]
Its a good thing that everything that happens in Vegas doesn't stay in Vegas, which is where the Seventh Annual Money20/20 Conference took place on October 19-21, 2018. With the goal to "fearlessly take on the mission of creating a simpler, fairer, faster and more inclusive financial system for individuals, businesses, and society as a whole," the three-and-a-half day event included more than 500 speakers and 15 agenda themes.
Themes included :
Payments and Platforms
Banking and Personal Finance
Cybersecurity and Fraud
Alt Lending and Credit
Digital Identity and Biometrics
While this is going to serve as a brief overview of the Conference, some of the notables who spoke, and bigger announcements, there will be special interest on Alternative lending and credit. We'll also look at the all-important payments race.
A lot of the coverage is available on YouTube where Money20/20 has its own channel, so, if you missed the conference, you still have free access to some of the information.
Apple Co-founder Steve Wozniak is always a good bet to help you get a financial conference rolling. The business legend's assurances that the claims that artificial intelligence (AI) and robotics, along with other forms of technology, are going to cut into human productivity are unwarranted helped to establish an ongoing theme that tech is necessary for the broader inclusiveness of our collective financial future.
Jennifer Bailey, VP Internet Services for Apple Pay, detailed some of the expansions of the new iPhone X, which include face ID security.
Other notable speakers from the first day of the conference included John Collison of Stripe, Michael Mebach, CPO of Mastercard (who spoke on how to build a seven-trillion-dollar middle class), Anand Sanwal of CB Insights, and Bill Ready of PayPal.
Day Two's lineup of speakers was headed by none other than Virgin's own Richard Branson, who told a remarkable story about how he created Virgin by renting a plane and selling seats to the other passengers scheduled to be on the American Airlines flight that was delayed. Sallie Krawcheck, Ellevest's CEO and co-founder, had some valuable remarks on diversity, and Vanessa Colella, head of Citi Ventures and CIO of CitiGroup, shared some keen insights on partnerships.
Possibly the speaker from the conferences second day who made the biggest impression was Nikolay Storonsky, CEO of Revolut. The way money is moved is changing rapidly, but if Storonsky is correct in his predictions, it may change even faster. He predicts that in 10 years, two or three large fintech players will take 95 percent of banks' business marking an industry overhaul akin to how Amazon bypassed the retail industry and Uber took on taxis.
Patrick Gauthier, VP of Amazon Pay, spoke to Tracey Davies's central theme when he talked about the use of technology to make things simpler and more natural between the merchant and the consumer. Harley Finkelstein, CEO of Shopify, pointed out that middlemen will not be totally going away in the financial realm of the future, but they will have to "provide a disproportionate amount of value for their profit margin in the future."
Other notable speakers included Asiff Hijri, president and COO of Coinbase, who framed the crypto world well when he spoke of the two base use cases of the space, the store of value of bitcoin and the ability to build apps on top of Ethereum, while noting that we're still looking for that breakthrough app. His quote "Fintech before crypto, and the promise of a stablecoin…is like mobile before the iPhone came along" might be one of those "remember when" moments.
NBA legend Shaquille O'Neal also spoke on the third day of the conference. Now an advisor and advocate of Steady, the platform which helps Americans find work, says his partnership with these efforts is driven by recollections of a past where the only investments that paid off were those he embarked on in order to help others.
Much of what happened on Day Four is listed below, including the Uber/Barclays and the Grab/Mastercard partnerships, but the day also had some other mentionable happenings.
Marisol Menendez, head of open innovation for BBVA, introduced the overall winner of the 10th annual BBVA Open Talent competition, the reward going to Sedicii; founder Rob Leslie accepted the award. Sedicii provides a service that identifies data between two organizations without exposing the underlying data.
Also, adding some hope for the financial sector in general, Ripple's Co-Founder and Executive Chairman Chris Larson stated that he thinks digital assets can help guard against another financial crisis by solving some of the key problems of global liquidity. He also predicts that a fluid digital asset (he thinks it will be XRP, of course) will make more fluid the trillions of dollars that are tied up due to the "clunkiness" of current systems.
Focus on Alternative Lending and Credit Cards
As instant payments and expanded remittance options gain more prominence in the world of payments and commerce, an app designed to speed up the remittance process, designed via Visa APIs, took top honors at the conference.
American Express and Amazon announced a partnership, which will produce a no-annual-fee business card. Cardholders (Amazon Prime members) will get to choose if they want to receive five percent rewards on any Amazon purchase (Whole Foods included) or 90-day payment terms, a reward that might benefit small businesses with cash flow issues.
Goldman Sachs's Marcus Platform announced a new wealth management offering designed to make the financial market more inclusive for average Americans. The offering will focus on online savings accounts and personal lending, the end game being to educate customers on some of the ins and outs of the financial sector.
Grab Financial and M and A Mastercard announced a partnership that will make prepaid cards available to underbanked and underserved customers in Southeast Asia in order to bring them into the financial realm and allow them to conduct business globally.
Gregory Wright, CPO and SVP of Experian, touched on a common theme from the conference, that of businesses going forward by putting consumers first. He reinforced the platform's focus on putting the consumer at the center of the lending decision by giving the consumer more control over his or her data to allow them to make a more informed lending decision. The goal is for lenders to make better decisions at lower risk while giving more consumers access to credit.
David Richter, global head of business and corporate development for Uber, joined with Curt Hess, CEO of BarclayCard US, to announce the unveiling of the Uber Visa card. A native app specifically designed for the Uber platform, the app will make it more engaging and enjoyable for Uber riders and Uber eaters to experience the platform. The card will also offer real-time notifications of rewards and balances, rather than customers having to wait a month for a statement as credit cards traditionally do.
Other Noteworthy Announcements
ViSync took the grand prize in the conference's hackathon challenge. According to a Visa spokesperson, their entry, an app designed to help send remittance payments overseas, should make it easier for migrant workers to send money back to their home countries.
FICO announced an "Ultra" FICO rating. The new device will consider how people manage their checking accounts and will incorporate things like overdraft history to determine credit scores. The goal is to help younger people and others with little or no credit and people who are rebuilding their credit after a couple of setbacks.
Tracey Davies, president of Money20/20, also announced the Rise Up! program, the pilot of which took place at this event. Rise Up! seeks to increase inclusion into the financial sector on all levels. This pilot program, which will expand to other demographics in the future, focused on gender (women make up 50 percent of the population, but only 20 percent of leadership roles in the financial sector.). Of the 300 women who applied to the program, only 35 were selected. Those who were selected were privy to special seminars and one-on-one access to various leaders from the financial space.
The Payments Race
Knowing how we build points of sale, I wonder if the organizers of the original event knew just how apropos the payments race would be to the overall message of the Money20/20 events. Whether they did or not, the event serves to draw a good picture of how we use and interact with different forms of currency in our daily lives.
Closely resembling the scavenger hunt of the television series The Amazing Race, five participants were given six days to make it to Las Vegas for the opening day of the convention. They drew to see which host city will host most of their scavenging, and then they all have to make it to their city and then to Vegas. Along the way, they got points for things like the number of states they visited and the different modes of transportation they use.
The catch is this: Each participant was only allowed to use one form of payment; the options were
Team Checks
Team Cash
Team Credit Cards
Team Devices (Apple Pay and such)
Team Crypto
The episodes—all of which can be seen on YouTube—show the obstacles in trying to perform these tasks with only the given form of payment.
As you can imagine, Team Checks had a hard time of it, and they had to rely on the goodness of many others to navigate their journey. Team Cash didn't face as many obstacles, but travel required some finagling as they got deeper into the trip. Team Crypto had some transportation issues early on, but also relied on the kindness of others to make the necessary accommodations.
Team Credit seemed to have the most ease traveling—they just rented an RV and drove—and the representative from Team Devices said after it was all over that using only devices proved to be easier than she thought it was going to be; she did have to go to some pretty significant lengths to rent a car.
In all, the little series of videos showed the importance of various forms of payment and that we still haven't gotten to the point where we can survive conveniently on one single form of payment; still, everything from the conference seems to speak to the reality that we'll get there.
And how did the race turn out? Well, I haven't seen an actual crowning, but Team Crypto was the first to get to the Las Vegas sign, which was basically the finish line—I haven't seen anything that mentioned how each fared at the number of states visited or modes of transportation used. If Team Crypto did prove the winner, it was their second straight title.
The event will return to Vegas next year, the dates being October 27-30, 2019.
Written by Paul Keenan.
Author Allen TaylorPosted on November 20, 2018 Categories Alternative credit, alternative lending, Amazon, American Express, Analysis, Artificial Intelligence, Banking, BBVA, biometrics, Bitcoin, Blockchain, CB Insights, Citi Ventures, Citigroup, Coinbase, conference, Credit, Credit Cards, cryptocurrency, Cybersecurity, digital identity, Ellevest, Ethereum, experian, Featured, FICO, fintech, Goldman Sachs, Grab, lending fraud, Marcus, MasterCard, Money 20/20, payments, paypal, Revolut, Ripple, Stripe, underbanked, ViSync
Connecting Small Dollar Lenders With Borrowers Through a Mobile App
After the Great Recession from 2007-2009, income growth nearly flattened for the average American while prices have been continuously rising. Almost half of America is unable to raise $400 for an emergency. With payday loans turning out to be predatory debt traps, it is almost impossible to raise a small loan for a short period […]
After the Great Recession from 2007-2009, income growth nearly flattened for the average American while prices have been continuously rising. Almost half of America is unable to raise $400 for an emergency. With payday loans turning out to be predatory debt traps, it is almost impossible to raise a small loan for a short period of time.
Realizing the fact that almost two thirds of the country is under a non-prime credit risk, Hundy wanted to reduce the grievances of the new middle class. The idea was to build a true peer-to-peer lending marketplace which would serve as a platform for raising loans of up to a few hundred dollars at a low interest rate. The platform is open to everyone and is easy to access. It is a friendly, convenient, and transparent way to borrow money from peers.
The mobile application is a community-based model which facilitates interaction between the borrower and lender. The company's long term goal is to build a network where people can borrow, save and invest, all at the same place.
Focused on small dollar loans in the marketplace lending market, Hundy is based out of San Francisco. The mobile native platform was launched in 2016 and focuses on providing loans to the underserved at a fair price. It has raised over $400,000 in a friends and family round. In a conversation, Pete Budlong, the founder and CEO of the company, discussed how instability has become the new normal after 10 years of recession and how Hundy addresses this issue.
How Hundy Works
Getting a loan over the Hundy application is a very simple process. Users sign up using Facebook. After signing up, they sign agreements and link bank accounts. After a credit approval process, their profile is ready and they can start applying for loans. The company offers the option of hard and soft credit pulls so as not to adversely affect the user's credit score.
On getting credit approval, users can immediately request their first loan of up to $100. However, if not approved automatically, they'll get approved based upon their participation in the community over time. Once approved and a request for a loan has been made, the user's application is processed within minutes and the loan amount transferred into their bank account by the next business day.
Loan payments, along with a repayment fee, will be withdrawn from the user's bank account on the selected date of repayment, which can be up to four weeks after the date of loan issuance. If the user can't pay off the loan on time, there is an option to convert the loan into a 60-day installment loan with no penalty. Every time a loan is paid off, the borrower's credit limit will go up until it reaches the maximum of $250. The borrower is updated throughout the process via e-mails and text messages, making all transactions over the platform transparent and fair.
The company has originated over 1,000 loans and has an APR of 180% as compared to 350% for traditional payday lenders. Its main competitor in the online space is LendUp, and it competes with payday lenders in the offline market.
Hundy's Reach and Market Stats
Currently holding a full lending license in California, Hundy is planning to expand its services to other states in the US. The app will be launched in Texas and Florida by the end of this year. The mobile application was ranked as high as 89 in the app store under the finance category with about 70K registered installs. Around 60,000 downloads are wait-listed. This is a massive reach considering that the company is not engaged in any kind of advertising activity. Another co-founder of the company, Ram Hegde has been operating a developer team in India, and a team of two in the US is helping Pete with the marketing.
The community currently has a monthly growth rate of 30%, which is doubling every two to three months. Most of its traffic, about 95%, comes from iOS devices.
Hundy's Future Plans
The company's goals are structured into three milestones. The first leg constitutes the launch of the social feed, which is already finished. Almost one-third of Hundy's borrowers participate on this social feed. The second leg accounts for a non-profit lending product. The company made a formal announcement for the non-profit product at the Money 20/20 startup academy. The third leg involves for-profit crowdfunding, and the company aims to accomplish this by the end of this year.
As of now, the company is not looking to raise money but to originate borrowers. Once the application manages to strengthen its hold on the borrower side, it will focus on engaging lenders. The aim is to build a community-based lending platform where borrowers and lenders can directly interact with each other. These communications between various stakeholders also help create a database for developing machine learning- and artificial intelligence-driven algorithms for the platform. Currently, the company is serving accredited investors through a Reg D exemption but will soon leverage Reg CF and Reg A+ for allowing unaccredited investors to pool their money for loaning to potential borrowers.
People find it difficult to take out small loans at a reasonable rate of interest. The Hundy application proves to be a great platform in such scenarios, offering short-term loans at a fair price. It is aiming to provide affordable loans, not just in California but all across the US, by building a community where borrowers and lenders can communicate directly with each other through the app.
Written by Heena Dhir.
Author Allen TaylorPosted on October 30, 2018 Categories accredited investors, Analysis, community-based lending, crowdfunding, Featured, Hundy, lendup, marketplace lending, mobile app, Money 20/20, p2p lending, payday lending, Payday loans, Reg A+, Reg CF, Reg D, small dollar lenders, unaccredited investors
Friday February 16 2018, Daily News Digest
News Comments Today's main news: Amazon partners with Bank of America on lending. Roostify raises $25M for expansion. Lendy's pretax profits hit 3.3M GBP. Lendix to enter Dutch, German markets. Revolut to launch banking app in APAC. Vested backs Dojo. Today's main analysis: Important barriers to alternative investing digitization. Today's thought-provoking articles: Americans can't get enough consumer debt. Who are Britain's […]
Today's main news: Amazon partners with Bank of America on lending. Roostify raises $25M for expansion. Lendy's pretax profits hit 3.3M GBP. Lendix to enter Dutch, German markets. Revolut to launch banking app in APAC. Vested backs Dojo.
Today's main analysis: Important barriers to alternative investing digitization.
Today's thought-provoking articles: Americans can't get enough consumer debt. Who are Britain's challenger banks? Hexindai strengthens bull case.
Amazon partners with BofA on lending. AT: "Pundits spent all last year talking about Amazon dominating alternative lending. This scenario makes a lot more sense. Amazon partnering with a big bank to take on the disruptors in the lending space has the best chance at success, both for Amazon and for the bank. Goldman Sach's Marcus has upped the game. Lending is not Amazon's core business, but it can be a big part of the e-commerce giant's business if it partners with a legacy financial institution with a strong capital position and a history of lending practices. This partnership could very well be a major player."
10 MBA programs that lead to the highest salaries according to Sofi. AT: "Highest salary is not a good indicator of one's financial position. I prefer the studies that show which colleges lead to the most favorable income-to-debt ratio.
Roostify secures $25M in Series B. AT: "Congratulations. Roostify is also a finalist in this year's LendIt competitions, and for good reason."
Abode wants to make home buying and selling easier.
Americans can't get enough consumer debt. AT: "If consumer debt is on the rise, this spells opportunity for all consumer lenders. Perhaps the alternative lending industry will come out of its slump this year."
Urgent and important barriers to alternative investing digitization.
Can small-dollar loans be safe and profitable?
Citi, PNC invest in HighRadius.
U.S. Bancorp stuck with $613M penalty for payday lending violation.
Fluid launches truck sharing marketplace.
The finalists for the 2018 LendIt Fintech awards. AT: "Congratulations to all."
Macquarie to broaden U.S. ABS footprint.
Small nonbanks call for clearer Consumer Financial Protection Bureau (CFPB) exemption.
Will CFPB spur a business innovation acceleration?
Lendy's pretax profits hit 3.3M GBP.
Who's taking on Britain's banks with digital banking?
Industry reacts to SME finance inquiry.
Financial Conduct Authority doubles down on algorithmic trading.
Finalists for 2018 FinTech Pitch360.
Hexindai's positive quarter strengthen bull case.
Money 20/20 launches in China.
ADS on the rise.
Lendix enters German, Dutch markets.
bitJob partners with Dutch government for blockchain-based job search marketplace.
Opiria, PDATA among top 5% of ICOs.
Quick-start guide to launching a new business venture. AT: "A bit simplistic."
India: Sebi getting closer to crowdfunding norms.
APAC: Revolut to launch in APAC.
Middle East: Beehive closes the gap on SME finance.
Africa: Ecobank says fintech to grow to $3B by 2020.
Canada: Vested Ventures backs Dojo.
Amazon has partnered with Bank of America for its lending program (CNBC), Rated: AAA
These 10 MBA Programs Will Earn You the Highest Salary, According to SoFi (Levo), Rated: A
Roostify Closes $ 25 Million Series B To Fund Expansion (VentureBeat), Rated: AAA
Abode Aims to Make Home Buying and Selling Easier (Chicago Inno), Rated: A
Americans Can't Get Enough Consumer Debt (WSJ), Rated: AAA
URGENT VS. IMPORTANT: BARRIERS TO DIGITIZATION IN ALTERNATIVE INVESTING (All About Alpha), Rated: AAA
Can small-dollar loans be both profitable and safe? (American Banker), Rated: A
Citi, PNC invest in B-to-B payments fintech (American Banker), Rated: A
U.S. Bancorp hit with $ 613M in penalties linked to payday lender Scott Tucker (USA Today), Rated: A
Fluid Market Launches Truck Sharing Marketplace (Business Insider), Rated: A
Finalists for the LendIt Fintech Industry Awards 2018 Announced (Crowdfund Insider), Rated: A
Macquarie looks to broaden US ABS footprint (Global Capital), Rate: B
Small nonbanks call for clearer exemption from CFPB audits (American Banker), Rated: A
Business Innovation Could Accelerate Under a Friendlier CFPB, LeClairRyan Attorney Says (Business Insider), Rated: B
P2P Lender Lendy Releases Financial Results: Pretax Profits Rise to £3.3 Million (Crowdfund Insider), Rated: AAA
The digital upstarts taking on Britain's dominant few banks (The Economist), Rated: AAA
Industry reacts to SME finance inquiry (Bridging&Commercial), Rated: A
The UK's Financial Conduct Authority doubles down on algorithmic trading (Crowdfund Insider), Rated: A
Innovate Finance Announces Finalists for 2018 FinTech Pitch360 (Crowdfund Insider), Rated: B
Hexindai: Positive Quarter Strengthens Bull Case (Seeking Alpha), Rated: AAA
Money20/20 launches in China, the world's biggest FinTech market (CUInsight), Rated: A
Chinese ADSs on the Rise (Capital Watch), Rated: B
Online Lender Lendix Plans Entrance into German and Dutch Markets (ICO News Desk), Rated: AAA
bitJob teams up with the Dutch government blockchain program to enrich students résumés with a crypto flair (Chipin), Rated: A
Opiria & PDATA token: peer reviewed token sale from Germany (Opiria email), Rated: B
Can't Miss Quick-Start Guide to Launching a New Business Venture (Influencive), Rated: A
In consultation with MCA, Sebi makes headway in framing crowd-funding norms (Business Standard), Rated: AAA
Revolut uses GPS for FX app launch in APAC (Fintech Futures), Rated: AAA
Fintech Startup Beehive Is Closing The Gap For SME Finance In The GCC (Dubai Forum), Rated: AAA
Ecobank: African Fintech Predicted to Grow Exponentially by 2020 (Crowdfund Insider), Rated: A
Vested Ventures completes seed round in gamified savings app Dojo (Finextra), Rated: AAA
CNBC has learned that Amazon Lending, which launched in 2011, ultimately found a partner in Bank of America Merrill Lynch, according to people familiar with the matter who asked not to be named because the alliance is confidential. Partnering with Bank of America allows Amazon to reduce its risk and access capital specifically to provide credit to more merchants so they can acquire inventory.
Amazon Lending is an invitation-only program that makes loans of $1,000 to $750,000, with terms of up to a year, for companies that may have difficulty landing traditional business loans. In June 2017, Amazon said it issued more than $1 billion in loans during the previous 12-month period, compared to $1.5 billion in combined loans for the four years prior to that.
Scaling back
But even with the Bank of America deal, Amazon Lending has been tapping the brakes on growth of late. After almost doubling to $661 million in 2016, outstanding loans just barely increased last year to $692 million, according to Amazon's annual report earlier this month.
According to SoFi, the student loan refinancing company, "No BS" Return on Education 2018 MBA rankings, these are the best schools for earning back your money.
With Americans owing more than $1.48 trillion in student loan debt, (which is $620 billion more than the total U.S. credit card debt) knowing which schools are going to help you pay off your debt faster, is something you should consider if you are looking at business school programs.
Source: Levo
Roostify, a digital lending platform provider, today announced the completion of a $25 million Series B round of financing. The round included new investments from Cota Capital, Point72 Ventures, and Santander Innoventures, the venture capital arm of Banco Santander, as well as additional funding from previous investors JPMorgan Chase, Colchis Capital, and a subsidiary of USAA. The new funds will power the company's ambitious growth goals, including a deeper presence in the enterprise space, rich product enhancements, and expansion into new markets.
In 2016, Kyle Stoner and best friend Carson Junginger were both having a hard time navigating the home-buying process. Between finding a realtor, finding a property and securing a mortgage, the two tech entrepreneurs realized that buying a home was too cumbersome and fragmented. And when they couldn't find a single platform where they could manage all these separate tasks, they teamed up to create one — Abode.
SoFi named Abode in its 2018 class of SoFi Entrepreneurs, the fourth cohort of startups which will receive mentorship and funding from the alternative lending startup, but Stoner declined to comment on whether SoFi is officially partnering with Abode in the future. Stoner said Abode is rolling out a new consumer product in March 2018, but declined to give further details.
If anything, consumers are borrowing more on credit cards or through auto loans than they have in years, and lenders seeking growth are happy to oblige them.
In the fourth quarter, consumer debt, excluding mortgages and other home loans, rose 5.5% from a year earlier to $3.82 trillion. That is the highest amount since the Federal Reserve Bank of New York began tracking the data in 1999. Moreover, consumers' non-housing debts accounted for just over 29% of their overall debt load, also the highest amount on record.
Overall, households are paying about 5.8% of their disposable personal income to stay current on their nonmortgage debts, according to third-quarter Federal Reserve data. This figure, which is at the highest level since the end of 2008, bottomed out at 4.9% in 2012.
KPMG International and CREATE-Research have jointly prepared a report about the digitization imperative for alternative investment management.
Early on, its authors list eight key digital innovations that are reconstructing the industry:
Application programming interfaces; cognitive technology and machine learning; Big Data; blockchain; new digital platforms; robo-advisors; robotic process automation; and social media.
To that end they have talked to 125 alternative managers located in 19 countries, with combined assets under management of $2.6 trillion.
A Need to Future Proof
They found that the scale of the ongoing shake-up is well understood. Only 2% of respondents saw a "business as usual" scenario playing out over the next 10 years. Roughly one-third (35%) expect marginal changes. But 53% anticipate "partial" disruption and the remaining 10% anticipate "total" disruption.
Is now the time when U.S. banks, credit unions and their regulators finally see eye to eye on small-dollar loans to consumers who have checkered credit histories?
A long-running stalemate between the industry and its overseers has ceded much of the subprime consumer market to payday lenders, pawn shops and other high-cost lenders. But in recent months, banks started to get some insight from Washington about what type of product would be deemed acceptable.
In the latest example, Citi Ventures and PNC on Wednesday announced a strategic investment in the fintech firm HighRadius, which makes business-to-business payments and receivables software. Terms of the investment were not disclosed. HighRadius has an existing partnership with Bank of America on an accounts receivables platform, and also counts as clients Fortune 500 companies such as Walmart, Johnson & Johnson, Procter & Gamble and Starbucks.
U.S. Bancorp, the parent of U.S. Bank, agreed to the criminal and civil penalties in settlements announced by the Manhattan U.S. Attorneys Office in New York, the Office of the Comptroller of the Currency, the Federal Reserve and the Financial Crimes Enforcement Network.
From 2009 until 2014, U.S.Bank set an artificial cap on the number of alerts generated by its customer transaction monitoring systems, authorities said. The Minneapolis-based bank based the number of alerts on low staffing levels, rather than on the level of risk in the transactions.
The lax oversight aided Tucker, a longtime U.S. Bank customer who was sentenced to more than 16 years in prison last month for running an illegal $3.5 billion Internet-based payday lending scheme that victimized thousands of consumers with loan interest rates as high as 1,000%.
Fluid Market, a neighborhood truck sharing application that allows people to rent trucks seamlessly from one another, today announced the nationwide launch of its truck-sharing marketplace, providing a seamless and on-demand utility vehicle rental experience to its peer-to-peer network of users and lenders across the country.
Fintech Innovator of the Year
Top Consumer Lending Platform
Top Small Business Lending Platform
Top Real Estate Lending Platform
LendingOne
Emerging Lending Platform
Upgrade Inc.
Nexoos
Excellence in Financial Inclusion
Most Promising Partnership
Katipult + Polymath Inc
Macquarie + PeerIQ
Lending Club + Opportunity Fund
Intrinio + QUODD
Financeit + Goldman Sachs
Minna Technologies + Swedbank
Most Successful Cross-Border Partnership
Kabbage + ING
Kreditech + PayU
PayJoy + Macrocel
nCino + OakNorth
Kasisto + DBS Bank
Phoenix Finance + Saxo Bank
Most Innovative Bank
CBW Bank
International Innovator of the Year
Phoenix Finance
Top Enterprise Technology Company
Top Emerging Technology Company
Nova Credit Inc.
Most Innovative Mobile Technology
Dave.com
Top Investment Bank in Fintech
Marlin & Associates
See the full list here.
Macquarie Group is seeking to hire a US ABS director for its credit markets team as it looks to grow its presence in US esoteric ABS sectors, including whole business, marketplace lending and renewable energy finance.
Nonbank mortgage firms are seeking formal assurance from the Consumer Financial Protection Bureau that they will not become subject to surprise audits or enforcement without involvement of a state regulator.
In a joint letter to acting CFPB Director Mick Mulvaney, the Community Home Lenders Association and the Community Mortgage Lenders of America said the agency should practice "streamlined supervision" of smaller nonbanks, which is consistent with the Dodd-Frank Act.
Recent moves by the federal Consumer Financial Protection Bureau (CFPB) could signal a friendlier approach to businesses, according to Jay Spruill, a partner in LeClairRyan's Richmond office and leader of the national law firm's Marketplace Funding Team.
"The Payday Loan Rule has been heavily criticized by the small loan industry which says the rule will restrict consumers' access to credit," Spruill notes in the blog, CFPB Signals Retreat from Aggressive Regulation. The post appears in Marketplace Shift, which focuses on the impact of legal and regulatory developments on financial innovation.
Peer to peer lending platform Lendy has released its audited accounts for 2016, showing profits before tax rising to £3.3 million compared to £53,000 in 2015. The company reports that since launch in 2012, Lendy has originated over £376 million in secured loans generating £36 million in interest for investors. Approximately £141.5 million in principle has been repayed with current outstanding loans at £186.5 million.
For some British millennials, Monzo is as close to a cult as a bank can be. Its coral-pink cards are hard to miss. "People in bars will get very excited if they see you are a fellow Monzo user," says Mr Matthews, who is 29.
Counting the British arm of Santander, Spain's largest bank takes the share to over 80%. In 2015 Britons had 70m-odd active current accounts. They paid £500 ($750) or more into 70% of them every month.
Supervisors have licensed more than 30 entrants since 2013. But by no means are all the challengers young. One of them, CYBG, owns Clydesdale, a Scottish bank that turns 180 this year, and Yorkshire Bank, aged 159. It has about 1.8m personal current-account customers and assets of £43bn. Nor are all the infants purely digital. Metro Bank has since 2010 established 55 "stores" (ie, branches) and is spreading beyond south-east England.
Among digital purists, Monzo's chief rival is Starling Bank—where Mr Blomfield used to work. It started current accounts last spring; around 100,000 have been opened. Tandem, which recently acquired Harrods Bank, the banking arm of a posh department store, is also open for business. Atom Bank, part-owned by Spain's BBVA, focuses on mortgages funded by fixed-rate savings. N26, a German smartphone bank, is due to arrive this year. Another near-cult, Revolut, is seeking a European licence (valid, for now, in Britain).
To ginger up small-business banking, RBS, the market leader, must cede ground and money to competitors as part of the price, agreed on with the European Commission, of its rescue by the government in 2008. RBS will put up £425m, divided into sums from £5m to £120m, to build up rivals' capabilities, plus £350m for incentives to customers to switch banks. Banks with assets of up to £350bn may bid. That excludes the big four but just lets in Santander (£315bn), to some challengers' chagrin.
Earlier this month, the Treasury committee launched an inquiry into SME finance to look at the state of the market and the lessons to be learned from RBS's Global Restructuring Group (GRG).
The Treasury's inquiry will look at the extent of competition in the market, the various sources of funding available to SMEs – including P2P lending and crowdfunding – and whether the current regulatory framework provides enough protection to SMEs when they borrow money.
For example, unsecured lending to an SME borrower for the purposes of their business will only be regulated if the SME is unincorporated and the amount being borrowed is £25,000 or less.
The UK's Financial Conduct Authority (FCA) on Monday published its report on the supervision of algorithmic trading, which is intended to illustrate best practices and give guidance to firms considering implementing AI to automate trading operations.
The focus areas of the report hint at concerns the FCA harbors about AI use in capital markets. The regulator placed particular emphasis on humans being able to intervene in an algorithm if something goes wrong, and ensuring the technology doesn't start behaving in a way unintended by its creators.
The 2018 Pitch360 finalists are the following:
Artificial Intelligence: Axyon AI SRL, Coriolis Technologies Ltd, Eye Capital S.A.
Banking/ Enterprise Solutions: Akoni, Hedgewiz Pure Risk Management Solutions, Salt Edge Inc
Distributed Ledger Technology: hiveonline, SPIRAL
Financial Inclusion: CommuScore, CreditSpring, Trezeo
Payments & FX: Duality Banx, Divido Financial Services, Envision&Company LTD
Peer-to-Peer / Alternative Funding / SME Lending: Alterest, Credit Data Research Ltd, StrideUp
Personal Finance Management & Robo Advice: CASHOFF Ltd, Bedaan
RegTech: Calcabis, Exate Technology
Sales increased 575% to $43.31 million, driven by loan facilitation growth, which was $388 million – an increase of 187.1% over the prior year. The high sales growth rate contributed to a whopping 1,589% net income growth, which was $26.9 million for the quarter. Gross billing ratio contributed to overall growth with an increase from 7.4% in the previous year to 12.1% in the reported one as the company continues its shift to credit loans.
The company increased its guidance, bumping EPS estimates for the year from $0.74 (see linked article for full estimate calculations) to $1.30 per share, as sales are now expected at $108 million – up from previously expected $90 million. The company believes this will be driven by a bump in loan facilitation, which it expects to be $1.23 billion, up from previously expected $1 billion.
In my previous article I initiated the company with a price target range of $14.80 to $22.20 per share given a 20x to 30x forward earnings multiple, and given recent positive catalysts I believe fair value lies in the same multiple. As the company has hiked its sales and net income guidance, pushing EPS to $1.30 for fiscal 2018, I believe the company's fair value now lies in the range of $26.00 to $39.00 per share. That represents almost 200% upside from the current share price.
Ascential announced in Hangzhou recently the launch of its trailblazing FinTech event Money20/20 at Hangzhou International Expo Center on 14-16 November 2018.
Guest speakers includedArthur Zhu, President of LianLian Pay; Raymond Qu, CEO of Geoswift; Jeff Parker, Managing Director of WorldFirst Asia-Pacific; Eric Gu, founder & CEO of Metaverse; and experts such as Dr. Ben Shenglin, Dean of Zhejiang University's Academy of Internet Finance.
Coming in second and third place, China Rapid Finance Ltd. (NYSE: XRF) and JP Holdings Ltd. (NYSE: JP) both soared 8 percent to close at $5.17 and $19.85 per share, respectively, while Jianpu Technology Inc. (NYSE:JT) rose nearly 6 percent to $7.28 per share.
Continuing its plan to lead the European SME lending market, fintech company Lendixcontinues its geographical expansion with plans to branch into Germany and the Netherlands.
bitJob, the P2P marketplace that connects students and businesses, is announcing today its partnership with the Blockchain projects division inside the Dutch government, to deploy its pilot project in Holland. The marketplace, developed by bitJob, bridges the gap between businesses and students by enabling both sides to offer/look for employment with a technology that promotes honesty, immediacy, and robustness.
Opiria allows consumers to sell their personal data and companies to buy personal data directly from consumers without a veiled middleman in a fully transparent and secure way.
We have a working product since December 2016:
We have many existing Fortune 500 customers: BMW, Audi, Mercedes, Volkswagen, GM, Nissan, P&G, Intel, Freightliner
We are presently running an ICO. About our ICO:
peer reviewed with due diligence report – showing PDATA is a top 5% ICO
Already >1 million USD raised in the Pre-ICO (hard cap $5 million in Pre-ICO)
4k+ active users providing personal data and opinions
Management Team:
Dr. Christian Lange (CEO): proven track record in entrepreneurship and successful exit in 2015
Marlene Gagesch (CTO): head of B2B software departments for > 10 years
2 min pitch video:
1 page business model canvas:
ICO website/whitepaper:
The following quick-start guide will explain the 7 steps that you need to follow to launch your business venture.
Make Sure There Is a Market for Your Idea
The very first step you should take is to validate your idea or concept. You need to make sure that there is a market for your idea.
Create a Basic Business and Marketing Plan
If you are trying to launch your product or service as soon as possible, you will still need a solid business and marketing plan. You do not need to be completely detailed, but you should have a good plan in place.
Obtain Funding for Your Idea
Another way to get financing is to use P2P (peer to peer) lending. This is similar to crowdfunding, which is another option. With both P2P lending and crowdfunding, you will need to properly explain the value of your product or service. Also, it may take a while to obtain all the funding that you require.
Research Your Target Demographic
Once you get funding, you will need to start researching your target demographic. You need to know who you are marketing to before you start a marketing campaign.
You do not need to spend a lot to build a website. There are several affordable options with easy to use website builders. These website builders include drag and drop layouts, so anyone can build their own website. A few options include WordPress, Wix, and SquareSpace.
Decide on a Business Structure
The next step is to choose a business structure. This is essential and should be decided before you release your product or service.
Start Marketing Your Product or Service
The final step is to begin marketing your product or service.
The Securities and Exchange Board of India (Sebi) is finalising the regulatory framework for crowd-funding in consultation with the corporate affairs ministry.
Revolut will be using Global Processing Services (GPS) for the launch of its multi-currency FX app in the APAC region.
Revolut will unleash its app, starting with New Zealand, Singapore and Japan. GPS announced the deal during the Lord Mayor of the City of London's UK Business delegation, which is currently in Australia this week.
She found Beehive, a Dubai-based peer-to-peer lending platform. Through Beehive, Lowmass borrowed $54,000 in late 2016 at an interest rate of 9.89%. Although it took about the same amount of time to get a loan from Beehive as it did through the bank, Lowmass says, "the funds were raised cleanly and extremely quickly and we were delighted with the resultinginterest rate we ended up paying."
It has 6,000 registered investors—mostly from the U.A.E.—and has channeled a total of $40 million to borrowers.
Africa is now at the forefront of fintech with 57.6% of the world's 174 million active registered mobile money accounts (100.1 million) in Sub-Saharan Africa. Fintech in Africa is predicted to grow from US$ 200 million to US$ 3 billion by 2020. As Ecobank works seamlessly across 36 countries in total, Ecobank is also the only bank that allows customers to transact more easily across borders.
Ecobank's mobile app allows customers in any of the 33 African countries in which it operates to check balances, pay bills and merchants, and many other services. Rwanda, where the summit is taking place, has the second highest use of mobiles in Africa, with more than 50% of the population unique subscribers. Kenya has the highest penetration rate of almost 60% of the population.
Vested Ventures, the investment arm of the fastest growing public relations agency globally, Vested, announced it has successfully completed a seed round investment in Vancouver financial software company Dojo Technology Corp ("Dojo").
Dojo's iOS and Android-friendly mobile platform reimagines how families and young people interact with their banks and credit unions by providing reward-based gamification and nudging users towards positive financial habits.
Author Allen TaylorPosted on February 16, 2018 Categories Abode, ADS, algorithmic trading, alternative investing, alternative lending, Amazon, Amazon Lending, Atom Bank, Bank of America, Beehive, bitJob, CFPB, Challenger Banks, Citi, Clydesdale, consumer debt, consumer lending, CYBG, Daily News Digest, digital banking, Dojo, Ecobank, FCA, Featured, Fluid, Hexindai, HighRadius, ICO, LendIt 2018, Lendix, Lendy, Macquarie, metro bank, Money 20/20, Monzo, N26, News, nonbanks, Opiria, payday lending, PData, Pitch360, PNC, RBS, Regulation, Revolut, Roostify, Santander, small-dollar loans, SME finance, SoFi, Tandem, U.S. Bancorp, Vested