Stockspot

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 ...

PAYMENTS

Versapay | April 20, 2022

Versapay, the leader in Collaborative Accounts Receivable, announced today it has completed its acquisition of U.S.-based fintech company DadeSystems. The acquisition broadens Versapay's suite of accounts receivable (AR) automation solutions and expands its AI and machine learning capabilities. It also expands the company's enterprise and mid-market footprint while adding key talent to the growing Versapay team. We are very excited to welcome DadeSyst...

Goldman | January 22, 2020

Goldman Sachs sharply curtailed its originations of personal loans last year amid the roll-out of its credit card partnership with Apple, according to the American Banker. The New York banking giant reported on 15 January that it sharply curtailed its originations of personal loans last year amid the roll-out of its credit card partnership with Apple. Goldman Sachs’ personal loans outstanding at the end of 2019 were in the $5 billion range, unchanged from a year earlier. The company starte...

FINTECH

AstroPay | November 07, 2022

AstroPay, the online payment solution of choice for millions of users worldwide, is delighted to launch its new product in Brazil, a Mastercard prepaid card. This move will provide both new and existing AstroPay customers with the ability to pay in any store that accepts Mastercard. The introduction of this new card in Brazil signifies a strategic relationship between Mastercard, a leader in global payments and AstroPay, a fintech with the mission to ease users' life with the ...