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News Roundup

This page contains an archive of the Global Newsletter summaries and the weekly fintech news roundups.

Every day the Fintech Nexus news team scours the globe for the most important stories of the day to include in our daily newsletter.

Then every Saturday we bring you our weekly news roundup of the top 10 fintech stories of the week with commentary from Peter Renton.

To join our newsletter community please subscribe here.

Fintech News Roundup USA

·May. 13, 2019

Affirm Executive Joins California’s Top Financial Regulator

Manuel Alvarez was previously general counsel and chief compliance officer at Affirm;...

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Fintech News Roundup USA

·Apr. 20, 2018

Affirm Expands to Finance Small Ticket Purchases

There is a growing competition brewing in the payments space and Affirm is look to stay near the top as they recently announced the move into financing small ticket purchases; the move comes after Visa and MasterCard made similar announcements; the payments space has become a highly competitive market where customers look for the simplest, most transparent way to make a purchase of any size. Source.

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Fintech News Roundup USA

·Apr. 29, 2020

Affirm Eyes Expansion Amid Current Crisis

Buy now pay later startups like Affirm have seen a big boost...

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Fintech News Roundup USA

·Oct. 19, 2017

Affirm Looks to Add Financial Advice to Product Set

Consumer lending Platform Affirm is looking to move beyond lending and into the financial advice space; currently Affirm works with retails to offer consumers a credit option when making a purchase; they are exploring ways to help customers better understand their debt and offer a way to help them reduce interest payments; Affirm has lent over $1bn to date Source.

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Fintech News Roundup USA

·Mar. 20, 2018

Affirm Moving into Stores

Affirm announced they are partnering with merchants to make financing available in-store; Affirm InStore works similar to their online point of sale solution where customers can pay for purchases over time with fixed installments; the company also announced that consumers will be able to add a newly issued Affirm virtual card via Apple Pay. Source

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Fintech News Roundup USA

·Apr. 3, 2019

Affirm Raises $300 Million

The Series F round values the company at $2.9 billion post money...

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Fintech News Roundup USA

·Dec. 5, 2017

Affirm Raising New Financing Round at $1.5 Billion Valuation

According to Bloomberg, the company is in advanced talks for the latest round; the valuation would be about double of Affirm’s last round in April 2016; Affirm works with over 1,000 retailers and also recently rolled out a mobile app which includes a virtual credit card; the point of sale loans have annual percentage rates between 10-30%. Source

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Fintech News Roundup USA

·Apr. 23, 2019