We at PeerIQ want to wish you a safe and relaxing Labor Day weekend. We leave you with some headlines from this week.
- Big Tech and banks are vying for the same consumer (Yahoo, 8/25/2019) Financial institutions are looking to get in on the same day-to-day consumer interaction that big tech has secured for years.
- Podcast 212: Arad Levertov of Sunbit (Lendit Fintech, 8/23/2019) In this week’s podcast, Peter Renton talks with the CEO and founder of Sunbit, Arad Levertov.
- Peer-to-peer industry faces harsh reality when winter comes (FT, 8/26/2019) With recent global economic uncertainty, P2P services are looking forward to a long, hard winter.
- Fair gets $100M in debt and equity from Ally in expanded vehicle financing pact (Mobile payments today, 8/27/2019) California based vehicle subscription app collaborates with Ally, looking to provide easy access to cars for those who cannot qualify for a traditional car loan.
- ZeroDown Raises $100mn in Debt from Credit Suisse to Solve Affordable Housing (Lendit, 8/27/2019) Company that buys homes for consumers and expects a five year return payment with interest is linking with Credit Suisse to help solve housing crises in expensive cities.
- Bond Raises $10 Million Seed Round to Accelerate the Pace of Financial Innovation (Cision, 8/27/2019) Company that develops enterprise-grade fintech platforms to accelerate fintech growth and reduce the “friction” involved in being an early adopter secures investments from Canaan, Coatue, and various angel investors.
- Goldman Sachs, Point72 and others invest $42 million in Mexico’s Credijusto (Reuters, 8/29/2019) Credit lender that originated $90MM in loans to small businesses across Mexico secures investment from GS, looks to become a standout in Mexico’s fintech scene.
- Uh-oh: Silicon Valley is building a Chinese-style social credit system (Fast Company, 8/26/2019) Straight out of a Black Mirror episode, and China, social credit systems are being build into our daily lives with every app we download.