FinTech On The Move: Regions Financial Partners With Startup Online Lender Fundation
Reflecting Silicon Valley's growing influence on traditional finance, Regions Financial, which operates bank branches across 16 states, plans to partner with Fundation, a lending startup, to provide online loans to small businesses, according to USA Today. The partnership will give the publicly-traded Regions, valued at $11 billion, a new online banking presence. Fundation will have access to Regions' small-business customers. The partnership could double the startup's revenue. "We expect it will at least double (loan) originations and revenue" Sam Graziano, Fundation CEO told USA TODAY.....
Related News
The number of fintech and cryptocurrency startups in Israel have increased in the past few years, strengthing the country's position in the sector. Israel has been one of the fastest growing startup hubs for a while, now the country is also making a place for itself in the financial technology map. The majority of startups in the Israeli startup ecosystem are now focused on fintech and blockchain technology. According to reports, the number of startups in the fintech sector has increased fourfold from 90 to 430 within a span of 7 years. The cryptocurrency industry has already seen a....
China’s first online insurance company ZhongAn has officially announced its ZhongAn IT Services subsidiary. The newly founded startup will use ZhongAn and its external partners to research and develop artificial intelligence (AI), blockchain, cloud computing, and data-driven technologies. China’s First Online Insurance Firm Initiates the ‘ABCD Plan’.....
PwC begins its first fintech Startup Collider cohort for European companies. In the wake of emerging FinTech startups based out of London, Europe is now marking a solid footmark in the global finance industry. Now, PricewaterhouseCoopers (PwC), a renowned professional services firm, is going to further boost the sector with its Startup Collider accelerator program. PwC’s Startup Collider accelerator program is focused towards startups working on fintech and fintech-related blockchain solutions in Central and Eastern Europe. The three-month long program officially kicked off on Monday for....
Stellar, the open blockchain platform and non-profit payment protocol has unveiled a slew of new partners including, notably, India’s largest private bank by consolidated assets ICICI, to bring low-cost, near instantaneous remittance solutions in India, the Philippines, Africa and Europe. Announced yesterday, Stellar revealed four new partners in some of the largest remittance markets in the world. Indian bank ICICI; Philippines-based financial inclusion-focused Fintech startup Coins.ph; pan-African Fintech firm Flutterwave which is notably plugged into the popular M-Pesa network; and....
New York-based blockchain startup Axoni has raised $18m in a new funding. The Series A round was led by Wells Fargo and Euclid Opportunities, a fintech investment firm owned by financial services company ICAP. Goldman Sachs, JP Morgan, Thomson Reuters, Andreessen Horowitz, Digital Currency Group, FinTech Collective and F-Prime Capital Partners also took part in the round. Axoni is one of a number of startups in the blockchain and distributed ledger space seeking to provide services to major financial firms. In the past few months, the startup has tested smart contract and data management....