Better.com profits from low interest rates and recent layoffs
Laid-off hospitality workers can start new careers as loan officers with Better.com. The digital mortgage lender plans to hire 1,000...
SoFi to buy Galileo for $1.2B to broaden reach
In a year of major fintech acquisitions, SoFi today announced a $1.2 billion deal to acquire Galileo, a financial services...
VC firms, startups face headwinds with SBA loans
As small businesses race to apply for Paycheck Protection Program loans from the Small Business Administration, many venture capital firms...
Chase virtual sessions up 5x since COVID-19 outbreak
JPMorgan Chase has executed almost 150,000 concurrent virtual sessions in the past few weeks which, according to CEO Jamie Dimon,...
Fintechs, lacking guidance, pivot to SBA loans
U.S. Treasury Secretary Steve Mnuchin last weekend confirmed “any fintech lender” will be authorized to make small business loans as...
Plaid pulls Excel into fintech services
Microsoft Excel’s budgeting features received a major overhaul this week to become a full-service personal finance management tool through data...
B2B payments companies seek growth amid pandemic
Despite the current economic uncertainty resulting from COVID-19, some business-to-business payment companies are gaining traction with clients and investors alike. ...
As pandemic spending shifts, Brex keeps up with rewards
Brex, a corporate card and financial product startup, is shifting the rewards points on its credit cards to better accommodate...
SMB lender Kabbage furloughs employees
Small business lender Kabbage is furloughing a significant number of its U.S. employees, according to a company spokesperson. The company...
NJ-based Provident Bank upgrades digital channels amid pandemic
For one community bank in New Jersey, its digital overhaul came at a crucial time: just before the coronavirus pandemic....
