p2pRSS

Is Prosper prospering?

Too much debt

Peer-to-peer (P2P) lender Prosper released its second quarter earnings recently, just days after the company shuttered its consumer-facing bill management system.

Is this the end of fintech as we know it?

Armands Broks, Twino

In the age of the internet, fintech dominates finance. In the UK, the sector is currently worth £7 billion, employing around 60,000 people with figures set to increase. The industry is definitely awe-inspiring, but as the lines between traditional banking services and fintech blur, fintech could disappear entirely.

StreetShares raises $10.3m for “Shark Tank meets eBay” approach to P2P lending

VW Credit invests in AutoGravity

Alternative lending platform StreetShares raised $10.3 million in a venture round this week. The funds come from an undisclosed investor and bring the Virginia-based company’s total funding to almost $20 million since it was founded in 2013.

Klarna unveils free P2P payment service, Wavy

Klarna unveils Wavy

Klarna has unveiled Wavy, a new, free P2P payments service. Available in iOS and Android as well as online, the free app enables users in more than 30 European markets to transfer euros between friends and family.

P2P is gaining steam, but security concerns remain – NerdWallet

Mobile payments

Consumers prefer to use P2P payments for retail purchases, paying back relatives and friends, and settling bills – but not so much for contributing to group gifts or paying housing costs, according to a new report from NerdWallet.

Venmo tests physical debit card

When the app is not enough...

Venmo is planning to introduce a physical debit card to supplement its payments app.

Top fintech stories this week – 16 June 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Zelle P2P payments network onboards new members

US prepaid consumers not happy

More banks and credit unions have joined Zelle Network, a new peer-to-peer payments platform in the US.

Redwood Credit Union launches mobile P2P payment service

Redwood Credit Union

California-based Redwood Credit Union (RCU) has launched a new mobile peer-to-peer payment solution, RCUPay. “RCU ends the IOU,” the credit union states.

Apple squares up to rivals with Pay Cash feature

Apple

Apple has unveiled Pay Cash as it looks to fight it out with PayPal, Square and Venmo in the overcrowded peer-to-peer (P2P) payments market. In a range of updates to its mobile operating system, iOS 11, new features to the iPhone and iPad are coming this autumn. Apple Pay users will be able to make […]

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