Edition:
United States

Anna Irrera

LendingClub forecasts bigger-than-expected first-quarter loss

Feb 22 2019

Online lender LendingClub Corp forecast a bigger-than-expected first-quarter loss on Tuesday, and revenue that missed Wall Street estimates, sending its shares down 5 percent in after-market trading.

Goldman Sachs backs U.S. construction finance tech startup Rabbet

Feb 22 2019

NEW YORK Goldman Sachs Group Inc has backed Rabbet, a U.S. startup that develops software to help make construction finance more efficient, the companies said on Wednesday.

Cryptocurrency companies use 'backdoor' listings to ease into mainstream

Feb 22 2019

HONG KONG Several cryptocurrency exchanges have moved closer to mainstream markets by buying listed companies, looking to raise funds and present themselves as embedded in the traditional financial services world they once spurned.

Mexico pushes mobile payments to help unbanked consumers ditch cash

Feb 19 2019

MEXICO CITY/NEW YORK Mexico's new leftist government is betting on financial technology to help lift people out of poverty.

'Robo-adviser' Wealthfront launches cash account

Feb 14 2019

NEW YORK Wealthfront, one of the largest digital wealth management firms known as "robo-advisers", said on Thursday it is expanding its suite of financial products by introducing a cash account with a rate on deposits of 2.24 percent, significantly higher than the average U.S. rate.

Goldman Sachs, Point72 and others invest $44 million in business credit startup Nav

Feb 13 2019

NEW YORK Nav, a startup that gives small businesses free access to their credit reports, said on Monday that it had raised $44 million from investors including Goldman Sachs Group Inc , Point72 Ventures and Experian Ventures .

OnDeck fourth-quarter profit tops view on record loan growth, shares jump

Feb 12 2019

OnDeck Capital Inc on Tuesday reported fourth-quarter profit that beat analysts' estimates as the online lender issued more loans and earned more interest income.

U.S. crypto exchange Kraken buys index provider Crypto Facilities

Feb 04 2019

NEW YORK U.S. virtual currency exchange Kraken said on Monday that it had acquired Crypto Facilities, a cryptocurrency index provider that calculates the reference price for CME Group Inc's bitcoin futures.

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