Mobile Bank MoneyLion to Go Public

Special purpose acquisition companies (SPACs) have started to gain more traction as more fintech companies go public last year and this year.  Challenger bank MoneyLion is planning to go public via blank-check merger in $2.9 billion deal.  SPACs raises capital through an IPO to acquire an existing private company without going through the typical IPO … Read More

Strong Rebound Predicted for Online Lending in 2021

According to a report published by S&P Global,  U.S. online originations are anticipated to rebound from 2020 and increase online origination volumes over 20%.  “Lenders that have survived the storm will stand on stronger footing in 2021, as economists expect a strong rebound in economic activity this year, bolstered by the rollout of COVID-19 vaccines … Read More

Late Credit Card Payments at Historically Low Levels in U.S.

Although Covid may have affected some people and businesses, it is noteworthy to point out that “U.S. credit card delinquencies reached record-low levels in 2020, as Americans took advantage of stimulus checks and adjusted their spending habits” according to an American Bankers Association report.   Bloomberg dives deeper into this here.       ________________ … Read More

2021 Payment And Fintech Predictions

Reflecting back on 2020, it was one of a kind year. Although the pandemic brought unprecedented challenges, the pandemic altered the usual way of life.  The ‘new normal’ of life disrupted various industries ranging from the travel industry to the healthcare industry.  With the new year comes new trends and lifestyles – Looking at the … Read More