Initially started as a micro-finance startup with the goal of developing algorithms that can determine creditworthiness of borrowers with no bank information, Filipino company Lenddo will now ditch its lending arm in place of selling its algorithmic services to companies inside and outside of the...
Scottish startup Money Dashboard has raised another $3.7 million in funding for its a personal finance app, according to TechCrunch. The £2.5 million Series A round, which actually closed in November but was only disclosed on Monday (Jan. 26), was led by private equity fund...
Capital One has acquired San Francisco-based money management startup Level Money, continuing the bank’s push into digital money management. Terms of the deal were not disclosed when it was announced on Monday (Jan. 12), but Level Money had raised $5 million in an October 2013...
Digit, a financial startup that helps users save by taking money out of their checking accounts when they’re not looking, has pulled in $2.5 million in seed funding, TechCrunch reported on Tuesday (Dec. 16). The round was led by Baseline Ventures, with Freestyle Capital, Upside...
U.S. credit card holders are paying their bills at the best rate in three decades. According to the quarterly credit card debt study from CardHub, the credit card charge-off rate is now at 2.89 percent — the lowest point since 1985. At the same time,...
UK peer-to-peer lender Zopa will use AU10TIX, a fully owned subsidiary of ICTS International N.V., to protect its lenders against fraud, verifying borrowers by checking government-issued identifications. By using the BOS SaaS service, which includes 100% automation, 3-way authentication, quick response time and easy deployment,...
As merchants push to be the top online retailer leading into the holiday shopping rush, November’s Chain Store Guide Consumer Spending Report shows a majority of consumers won’t be shopping online or using their mobile device to make purchases this holiday season. Holiday shopping should boost consumer spending,...
As banks host accelerators, incubators and hackathons to collect fresh thinking from startups, Wells Fargo has developed a Digital Innovation Lab to do its own testing on promising technologies — and a major theme of its work is authentication, according to American Banker. One near-term...
Discover CEO David Nelms declared late Tuesday (Oct. 21) that his brand–the largest of the card brands to not join Apple Pay–will indeed soon be an Apple Pay partner. “I would say that we certainly do expect to be participating in Apple Pay. We don’t...
