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The Top 250 Fintech Startups: Where Are They Now?

CB Insights

In 2018, companies from 31 countries and 19 categories — spanning payments, digital banking, insurance, and more — made it onto the CB Insights 2018 Fintech 250 list. Below, we dive into where the Fintech 250 Class of 2018 startups are now. Highlights from the fintech 250 Class of 2018. Phone number. Click to enlarge. .

FinTech 80
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AML Scandals Prompt Decrease In European Foreign Deposits

PYMNTS

In the wake of a slew of European money laundering scandals, deposits in the euro zone region from foreign countries dropped significantly in the latter half of 2018. The former Latvian government set a cap on foreign deposits after the collapse of ABLV, at 5 percent.

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How Digital Subscriptions Open Doors To Global Content

PYMNTS

In fact, the country’s mobile phone market saw shipments grew 11 percent in 2018 — and smartphone shipments increased 10 percent. He continued, “This was one the key reasons for its growth in 2018, where not only new users shifted towards smartphones , but there was a healthy upgrade within price tiers …”.

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Big Tech’s Big Profits For SoftBank

PYMNTS

Uber springs to mind here because Softbank has become the company’s largest shareholder, with a slug of January 2018 buys that topped $9.3 When Softbank took its stake in DoorDaash in March of 2018, the valuation was $1.4 The company went public through a direct listing that has a market cap in recent days of $15 billion.

AI 51
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Industry Statements on on Merchant, Payment Network Lawsuit Agreement

Electronic Payments Coalition

merchants, more than 90 percent of which are small businesses, lowering credit interchange rates and capping those rates into 2030. The agreement will cap the reduced credit interchange rates for five years, providing an unprecedented level of cost certainty long sought by merchants. merchants, comprised largely of small businesses.

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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

A 2018 survey by Bank of America shows that millennials’ top financial priorities were saving for emergency funds (64%), saving for retirement (49%), and saving to buy a house (33%) — not much different from the concerns their baby boomer parents had 30 years ago. As of 2018, the app had 3.7M Launched in 2015, Stash had 1.7M

Finance 77
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LendingClub Settles With SEC, DOJ

PYMNTS

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding. Attorney Alex Tse. “We The Response.

P2P 54