Control the Attributes
#1: Wealthfront Zagging What happened? Wealthfront introduced a new service: Today, we’re thrilled to announce Wealthfront is expanding into stock investing to serve a broader set of our clients’ investing needs. Our Stock Investing Account has all of the features you’d expect from a stock trading app including fractional shares, zero commissions, and a $1…
Read MoreCatching Up On All The Takes
#1: How Were Your Grades? What happened? Revolut claims that it was profitable in 2021: Financial technology giant Revolut reported its first-ever annual profit in 2021, according to financial accounts released Wednesday, as subscriptions to its paid packages and overall usage of its app grew sharply. The company reported revenues of £636.2 million ($767.1 million)…
Read MoreUnlocking the Next Wave of Lending Innovation
First, an observation. While there have been a lot of great fintech lending companies that have been built in the last couple of decades – from peer-to-peer lending to BNPL – there has been a notable lack of lending products being launched by fintech companies that didn’t start out in lending. This is, speaking as…
Read MoreMaking Rewards Unrewarding
#1: Speeding Up Auto Lending What happened? Carmoola raised a Series A: UK car finance fintech Carmoola has raised £8.5 million in a Series A funding round and secured another £95 million through a debt facility. The round was led by QED Investors, with participation from existing investors VentureFriends and InMotion Ventures, the investment arm…
Read MoreThe Bank Account Multiverse
A bank account is basically three things: Let’s go through each of those in a bit more detail. First, a safe place to keep your money. I have argued many times in this newsletter that the most foundationally important job of a bank account is to ensure that the money I have in it today…
Read MoreRuh Roh, RESPA!
3 Fintech News Stories #1: Ruh Roh, RESPA! What happened? The CFPB handed down an interesting advisory opinion: The CFPB recently issued an advisory opinion entitled Real Estate Settlement Procedures Act; Digital Mortgage Comparison-Shopping Platforms and Related Payments to Operators. In the advisory opinion the CFPB provides general guidance on how Digital Mortgage Comparison-Shopping Platforms…
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