The platforms that have banks embedded in their operations are taking more of their lending activities into a direct model, giving momentum to income streams well beyond the confines of peer-to-peer transactions. As had been reported last week, Block said that its Square Financial Services...
Hotel rewards program Wyndham Rewards partnered with Galileo Financial Technologies, SoFi’s technology platform, to launch a debit card that lets users earn travel rewards and points on everyday spend. The new Wyndham Rewards Debit Card is designed to cater to the many travelers, particularly younger...
Markets were awash in a sea of red this past week, and the broader gauges, such as the Dow and the S&P 500 Stock Index, have touched correction territory, down at least 10% from their peaks. The FinTech IPO Index fared no better through the...
SoFi has finalized an agreement with Blue Owl Capital worth at least $5 billion. The deal with the asset manager, announced Thursday (March 13), will allow SoFi to expand its loan platform business, which refers pre-qualified borrowers to loan origination partners and originates loans on...
March 21, 2025
The past five trading days have been a roller coaster, as interest rates and the Fed’s stance on cuts to those rates proved top of mind. Although comments from the central bank pointed to slowing growth and higher inflation, the FinTech IPO Index was up 4.3% and almost all of its components marched higher. Robinhood’s […]
March 14, 2025
Markets were awash in a sea of red this past week, and the broader gauges, such as the Dow and the S&P 500 Stock Index, have touched correction territory, down...
March 07, 2025
March’s dawn brings with it the last vestiges of earnings season — and for the FinTech IPO Index, key headlines were focused on quarterly reports and a few announcements of...
February 28, 2025
The FinTech IPO Index was awash in a sea of red this past week, with nary a positive showing to be found. Earnings were met, by and large, with dissatisfaction,...
March 17, 2025
Hotel rewards program Wyndham Rewards partnered with Galileo Financial Technologies, SoFi’s technology platform, to launch a debit card that lets users earn travel rewards and points on everyday spend. The new Wyndham Rewards Debit Card is designed to cater to the many travelers, particularly younger ones, who prefer to use debit cards, Charmaine Taylor, senior […]
March 13, 2025
SoFi has finalized an agreement with Blue Owl Capital worth at least $5 billion. The deal with the asset manager, announced Thursday (March 13), will allow SoFi to expand its...
March 03, 2025
SoFi says it has closed a $697.6 million secularization of loan platform business volume. This transaction, the company announced Monday (March 3), was a “co-contributor securitization” with collateral made up...
February 20, 2025
Galileo Financial Technologies says it is launching a co-brand debit card program. The new offering, announced by the SoFi-owned company Thursday (Feb. 20), is designed to let brands give debit users access...
