Lemonade

FINANCIAL MANAGEMENT

Mastercard | January 05, 2022

Recently, B4B Payments created a buzz by becoming a part of the MasterCard Fintech Express Programme. Mastercard Developers took this initiative based on its plans to provide support in obtaining licensing when issuing Mastercard prepaid, credit, and debit cards. The process would take place either directly with Mastercard or through its qualified ‘Express Issuance’ partners. For more than fifteen years, B4B Payments has been FCA authorized. Throughout its tenure, B4B ...

Cision PR Newswire | September 23, 2020

Sezzle Inc. Installment payments platform, Sezzle, is pleased to announce its business partnership with Ally Lending, the B2B2C lending arm of Ally Bank, the banking subsidiary of Ally Financial. Ally Financial is a leading digital financial services company with US$184.1 billion in assets as of June 30, 2020. Ally Lending enables monthly fixed-rate installment-loan products that extend up to 60 months in length and US$40k per installment plan through a fully digital application process. Ally le...

Starling Bank | February 10, 2020

Starling Bank has raised a further £60 million from existing backers Merian Global Investors and JTC. The investment brings the total raised by Starling to £323 million and follows two funding rounds of £105 million in aggregate led by Merian in 2019. The UK challenger bank says it will award shares to all 800 employees, incentivizing staff as it strives to meet a target for a first full year in profit by the end of 2021. Starling posted a £26.8 million loss in 2018. Anne...

finextra | March 24, 2020

The Covid-19 outbreak may just provide the pin that bursts the fintech bubble, according to a report by Rosenblatt Securities, which forecasts a devaluation of Unicorn businesses and tough times ahead for challenger banks, marketplace lenders and robo-advisory services. The Rosenblatt note points to a likely deterioration in fintech operating performance during a deep downturn, as funding sources evaporate and exit options change significantly. States the report: "These forces may feed off ...