One of the more unique offerings by some fintechs in the US is earned wage access; the feature aims to...
Branch CEO Matt Flannery is not new in the micro-lending lending space having previously co-founded Kiva; Flannery realized that there was much more potential in lending across the globe outside of the non-profit space; Branch has an app that uses information from the phone to score credit in places like Nigeria and Kenya; the Series B round was led by Trinity Ventures and included other big names such as Andreessen Horowitz and CreditEase Fintech investment fund; the company also secured a $50 million debt facility from Victory Park Capital. Source
According to Recode, Mike Cagney is back with a new startup and is pitching to investors such as Peter Thiel and others who backed SoFi; he is reportedly looking to raise around $25 million for the new company which may focus on HELOCs. Source
The former Citigroup CEO is investing $100 million in Fair Square Financial LLC through his investment firm called Orogen Group;...
Mike Cagney was previously a co-founder of SoFi; after resigning last year he began work on a new startup which involves home improvement financing and HELOCs; the company is called Figure and is live at www.figure.com; according to the website, “Figure is a financial technology company with the mission of leveraging blockchain, AI and advanced analytics to unlock new access points for consumer credit products that can transform the financial lives of our customers. We provide home equity release solutions, including home equity lines of credit, home improvement loans and home buy-lease back offerings for retirement.” Source
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FinTech in the United Kingdom employed 60,000 people and generated revenue of £6.6bn in 2015, according to HM Treasury. So...
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