From Cointelegraph: In an announcement on Wednesday, the Office of the Comptroller of the Currency (OCC) granted SoFi a conditional license to operate as a national bank in the United States. The OCC is the office of the U.S. Treasury that regulates federal banks throughout the country. SoFi, which stands for Social Finance, is a[…]
From Tech Crunch December, 2019: The birth and growth of financial technology developed mostly over the last ten years. So as we look ahead, what does the next decade have in store? I believe we’re starting to see early signs: in the next ten years, fintech will become portable and ubiquitous as it moves to[…]
From Crunchbase News, November 2019: Payment software company Bill.com is aiming to raise $100 million in an initial public offering, according to a filing with the Securities and Exchange Commission. Founded in 2006 by René Lacerte, Bill.com is known for its cloud-based business payments and software platform focused on the SMB market. Customers include accounting firms and a number of[…]
From Crunchbase News July, 2019: Mobile banking platform MoneyLion has raised a $100 million Series C funding round. The amount is more than double the $42 million raised in a Series B just 18 months ago. MoneyLion would not go on the record about its valuation, but sources claim it’s “near unicorn status.” MoneyLion has now raised a total of $227.5[…]